Latest Articles in Business

Digital Brands Group receives unsolicited buyout proposal

US apparel and e-commerce business Digital Brands Group, Inc. (DBG) has confirmed receipt of an unsolicited buyout proposal to acquire all outstanding shares of common stock for 77.58 dollars per share in cash. The acquisition offer was submitted by an existing shareholder with a net worth exceeding one billion dollars. The proposal represents a...

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Puig shares rally following Berenberg and Jefferies valuations

Madrid – Despite the initially lacklustre results reported by Puig for the first half of its 2026 financial year, published exactly one week ago, the accounts of the owner of Carolina Herrera, Jean Paul Gaultier and Paco Rabanne appear to have been well-received by the market and analysts. This is evidenced by the latest valuations the Spanish...

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eBay reports 15 percent revenue expansion for second quarter

US e-commerce giant eBay Inc. (eBay) has reported its financial results for the second quarter ended June 30, 2026. The San Jose-based marketplace generated revenue of 3.10 billion dollars, representing a 15 percent increase on an as-reported basis and a 14 percent rise on a foreign exchange neutral basis. Gross merchandise volume (GMV), reached...

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Canada Goose sells footwear brand Baffin to Royer

Canadian outerwear manufacturer Canada Goose Holdings Inc. (Canada Goose) has entered into a definitive agreement to sell Baffin, a Canadian performance footwear brand, to L.P. Royer Inc. (Royer). Royer is a Canadian manufacturer specializing in work and military footwear. The transaction is expected to close in August 2026, subject to customary...

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Lenzing increases half-year profit despite decline in revenue

Last week, the Austrian fibre manufacturer Lenzing AG presented further drastic reforms and announced the closure of two production sites. On Wednesday, the group presented its results for the first half of the 2026 financial year. According to the report, group revenue from January to June amounted to just under 1.27 billion euros (1.47 billion...

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Skims enters India through Reliance Brands partnership

Kim Kardashian's Skims is set to embark on a new venture into the Indian market through a partnership with Reliance Brands Limited (RBL), marking the shapewear and lifestyle brand's latest step in its international retail expansion. Under the agreement, RBL will operate Skims across physical stores and digital channels in India, with the brand's...

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Abercrombie reportedly mulling options for China business

US retail giant Abercrombie & Fitch Co. is believed to be exploring strategic options for its China business, including bringing in local partners to support future growth. According to a report by Bloomberg, which cited people familiar with the matter, the fashion retailer is working with an adviser to review its China operations in what could...

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RSWM achieves margin expansion and profit growth in Q1 FY27

Indian textile manufacturer RSWM Limited (RSWM) reported its unaudited financial results for the first quarter ended June 30, 2026. The flagship company of LNJ Bhilwara Group posted revenue from operations of 11.61 billion Indian rupees, representing a 1.7 percent increase quarter-over-quarter. On a year-over-year basis, revenue declined by 0.7...

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Gap Inc. expands GCC presence through Chalhoub Group partnership

US apparel giant Gap Inc. has partnered with Middle East luxury retailer Chalhoub Group to expand Gap, Banana Republic and Athleta across the Gulf Cooperation Council (GCC), with a phased omnichannel rollout beginning later this year. The partnership will launch online stores across the UAE, Saudi Arabia and Kuwait during the second half of...

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Capri Holdings reports revenue decline for first quarter fiscal 2027

US-based fashion group Capri Holdings Limited (Capri) has announced its financial results for the first quarter of fiscal 2027 ended June 27, 2026. The company reported a total revenue of 769 million dollars from continuing operations, representing a 3.5 percent decrease on a reported basis and a 4.1 percent decline in constant currency compared...

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El Corte Inglés reduces emissions, collects over 630 tonnes of textile waste in department stores

Madrid – Spanish department store company El Corte Inglés continued to make solid progress towards its goal of becoming a “Net Zero” company by 2050 during the 2025 financial year. This goal has been approached through a general reduction in its greenhouse gas emissions. The company also continued to enhance the role of its department stores as...

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Manolo Blahnik accelerates DTC strategy as wholesale weighs on 2025 results

Footwear specialist Manolo Blahnik is doubling down on its direct-to-consumer (DTC) strategy after wholesale challenges, particularly linked to Saks Global's bankruptcy, weighed on its 2025 financial performance. According to WWD, the luxury footwear brand reported turnover of 83.5 million euros for the year ended 31 December 2025, down 3...