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Authentic Brands Group eyes IPO as sales outpace expectations

Jamie Salter, the chief executive of Authentic Brands Group, has said the company is planning to go public soon as it outpaces its five-year goal of achieving 100 billion dollars in sales. Speaking at the Reuters Momentum AI event, Salter said the target will be reached quicker if “we pull off the deals that we’re currently working on”, which...

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US footwear sales reports “modest” Q1 growth

Rising prices and a strengthening in the performance segment delivered “modest” growth across the US footwear industry in the first quarter of 2026. Circana’s Retail Tracking Service data show that total US footwear sales increased by 1 percent in Q1 versus the same period last year, while overall units sold declined, and higher average selling...

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Restructuring: LVMH could sell Marc Jacobs and its stake in Fenty Beauty

The plan, which was already announced in July 2025, now seems to be taking shape. American label Marc Jacobs could soon no longer be part of the LVMH group's portfolio. According to a report by the Financial Times, LVMH is considering the sale of the fashion brand, as well as cosmetics and alcoholic beverage brands, as part of a major...

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ThredUp records Q1 revenue growth of 15 percent

US resale platform ThredUp has announced its financial results for the first quarter ended March 31, 2026, reporting revenue of 81.70 million dollars. This represents a 15 percent increase year-over-year (YoY) as the company achieved a record month for new buyer acquisition. Gross profit for the period totaled 64.70 million dollars, also...

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Zalando increases quarterly revenue by almost 24 percent following About You acquisition

Berlin-based online fashion retailer Zalando SE has closed the first quarter of the 2026 financial year with a significant increase in revenue and operating profit, as expected. However, negative one-off effects resulted in a significant net loss. In light of the current results, published on Wednesday, the management maintained its annual...

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Corporate insolvencies in Western Europe reach record high

Berlin - The economic crisis is having serious, and for many, existential consequences for companies in Western Europe. According to the credit agency Creditreform, the number of corporate insolvencies rose last year to its highest level since records began in 2002. In 2025, a total of 197,610 insolvencies were recorded, an increase of 4.8...

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Elie Saab signs deal with Elisabet for girl's footwear

Marche-based company Elisabet has signed a licensing agreement with Elie Saab for the design, production and worldwide distribution of a girl's footwear line, debuting with the spring/summer 2027 collection. “This partnership reflects a clear strategic desire to develop and expand the childrenswear category, strengthening Elie Saab Kids as a...

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Shoppers Stop reports Q4 net loss amid revenue growth

Indian retail company Shoppers Stop reported a net loss of 163.5 million rupees (1.72 million dollars) for the fourth quarter ended March 31, 2026, compared with a profit 19.9 million rupees a year earlier. The Mumbai-based retailer delivered a 9 percent year-over-year (YoY) increase in standalone revenue for the final quarter, reaching 1,117...

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Le Coq Sportif exits Spanish market with 2.5 million euros in debt

French sportswear brand Le Coq Sportif has decided to close its Spanish operations after its subsidiary in the country filed for bankruptcy. According to Modaes, the Spanish company has liabilities of around 2.5 million euros (2.69 million dollars), which has led to the cessation of its direct activities in the market. The closure affects a...

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Amazon launches its own logistics service, competing with industry giants

Amazon announced on Monday the launch of a logistics service independent of its e-commerce platform, a move set to shake up the major players in the sector. Having initially relied on transport and delivery specialists, Amazon has gradually developed its own supply chain since the mid-2000s to better control its costs. Today, the Seattle-based...

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NN.07 reports continued “global momentum” in 2025

Copenhagen-based menswear brand NN.07 has reported a “strong” 2025, as the momentum it has built over the past years continues to show across all markets. In a statement, NN.07 said sales increased by 18 percent in 2025, compared to 2024, while adjusted EBITDA came in at 7 million euros, despite what it calls a “demanding cost environment” and...

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Hugo Boss: quarterly profit drops by more than half

The Metzingen-based fashion group Hugo Boss AG suffered significant declines in sales and profit in the first quarter of the 2026 financial year. Management attributed this to the challenging environment and the “targeted refocusing of brands and distribution channels” as part of its ongoing ‘Claim 5 Touchdown’ reform programme. The results,...