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Damiani Group signs agreement to acquire Baume & Mercier from Richemont

Swiss luxury conglomerate Richemont and Italian jewellery firm Damiani Group have signed an agreement for the latter to acquire full ownership of specialist watchmaker Baume & Mercier. The private transaction marks a significant shift for the historic watch brand as it joins one of Italy’s last independent family-run luxury groups. With a legacy...

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Vinted announces “major” US expansion to address growing demand

European resale platform Vinted has made a more definitive leap over the pond to launch its services in the US. Its expansion in the region, beginning with New York, responds to evidence of a growing need among Americans for an outlet to offload their secondhand goods. The latest shift hints at an intention to potentially scale the platform in...

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Primark confirmes 2.7 percent like-for-like sales decline in Christmas quarter

Associated British Foods (ABF) today released its finalized revenue report for the 16-week period ending January 3, 2026, confirming that its retail powerhouse, Primark, performed in alignment with the cautionary estimates issued on January 8, 2026. Like-for-like sales at Primark clothing business fell 2.7 percent during the Christmas quarter....

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Canopy outlines details of 2 billion dollar investment blueprint for decarbonization in India

Solutions-driven environmental non-profit Canopy has outlined the finer details of its new 2 billion US dollar finance platform designed to speed up the growth of low-carbon materials and transform the paper, packaging, and textile supply chains. Said to be the first of its kind, the new initiative, announced at the World Economic Forum in Davos...

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Joanie announces closure due to “adverse trading conditions”

British clothing brand Joanie, known for its vintage-inspired apparel and footwear for women, has announced its closure on social media and has stopped taking online orders. In a statement, Joanie said: “We created Joanie over many years of hard work, and have been a proudly independent brand and business for over 9 years. We’ve enjoyed many...

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US President Donald Trump suspends Greenland tariffs

MADRID – Amid the volatile and unpredictable trade strategy defining the current U.S. administration, President Donald J. Trump has announced the suspension of the so-called “Greenland tariffs.” The decision was shared late Wednesday afternoon, following the President's address at the 2026 World Economic Forum in Davos. Utilizing his social...

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Kenneth Cole to launch across 30 countries as it eyes European expansion

US fashion house Kenneth Cole is plotting an expansion across 30 countries, positioning itself among regions where it sees opportunity for growth. With a focus on Europe, the expansion is expected to generate between 400 and 500 million dollars in sales by 2030. The brand confirmed the move to WWD, through which it announced that its first...

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LVMH sells its travel retail business (DFS) in China

LVMH announced on Monday the sale of its Duty Free Shops (DFS) business in China to CTG Duty-Free, a major travel retail operator headquartered in Beijing. “As part of this transaction, CTG Duty-Free will acquire the DFS stores located in Hong Kong and Macau, as well as intangible assets including a portfolio of DFS brands and intellectual...

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Burberry reports positive Q3 driven by "Burberry Forward" strategy

Burberry Group has released its third-quarter trading update for the 13 weeks ended 27 December 2025, revealing a return to growth and steady progress under its "Burberry Forward" strategy. Chief Executive Officer Joshua Schulman reported that the luxury house achieved a sequential improvement in comparable sales growth and enhanced the quality...

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World Footwear analysis: a divergent market heading into 2026

World Footwear’s latest Retail Flash report, published December 23 last year, paints a starkly contrasting picture of the global footwear landscape. While e-commerce growth and margin erosion are consistent global themes, their operational impacts vary radically by region. For decision-makers, the message is unequivocal: business models must...

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Shoppers Stop shares slump as premiumisation fails to offset profit hit

The Indian multi-brand retailer Shoppers Stop has announced its financial results for the third quarter and nine months ended December 31, 2025. Despite a strategic shift towards high-end offerings and experiential retail, the company faced significant market pressure following the release of its latest earnings report. Shoppers Stop’s stock...

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Paris Fashion Week: How to get on the FHCM calendar

Access options depend on a brand's relationship with the Fédération de la Haute Couture et de la Mode (FHCM). Member houses of the FHCM are automatically included in the show schedule. Selected guest houses, however, gain access to the FHCM's show and presentation calendar based on the decisions of the relevant committees. Guest brands must...