Latest Articles in Business

Texworld: China’s Role in US Fashion Sourcing Is Evolving, Not Disappearing

As buyers continue to amplify their sourcing portfolios, Chinese suppliers are increasingly competing to keep their share in the US market. The direction, however, is not simply “China versus the rest,” Messe Frankfurt Inc.’s show manager Caner Ozkan told FashionUnited. “It is China plus a more diversified network of strategic sourcing partners,...

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Texworld: China’s Role in US Fashion Sourcing Is Evolving, Not Disappearing

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L Catterton to sell approximately one billion dollars worth of Birkenstock shares

Financial investor L Catterton is selling a block of Birkenstock shares worth approximately one billion dollars. The sandal manufacturer plans to buy back half of these shares. Following the completion of the transaction, scheduled for this Monday, the investor's stake will fall below 50 percent. The offering comprises 25.5 million ordinary...

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Shein IPO valuation lowered amid slower growth and regulatory scrutiny

Singapore-headquartered online fast fashion retailer Shein is targeting a market valuation between 25 billion dollars and 28 billion dollars for its upcoming initial public offering (IPO) on the Hong Kong stock market, Reuters reported citing market sources. The target represents a steep decline from earlier expectations of 30 billion dollars to...

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Arc'teryx on growing without alienating a core community

Propelled by the rise of the “gorpcore” movement, which saw technical apparel infiltrate urban fashion, Canadian brand Arc'teryx has become one of the most coveted names in the outdoor industry in just a few seasons. Its newfound visibility is now prompting the brand to consider how to pursue growth without devaluing its image. Moreover, it must...

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Brazilian shopping center company Allos divests São Bernardo Plaza stake

In a market announcement on Thursday evening, August 13, Allos, the largest Brazilian company in the shopping centre sector, reported that it has signed a Memorandum of Understanding (MOU) with XP Malls. The agreement is for the total sale of its 60 percent stake in São Bernardo Plaza Shopping. According to the statement, “the transaction is in...

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Closer to home: How nearshoring is transforming apparel supply chains

Nearshoring in the garment industry has evolved from a defensive reaction and temporary safety net to shipping crises into a permanent, data-driven core strategy. With sweeping US tariff pressures in 2026 and stringent European eco-regulations like the Corporate Sustainability Reporting Directive (CSRD) and the Digital Product Passport (DPP),...

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IoDF rebrands as Patina to build ‘post-consumer purchase’ platform

Fashion tech company IoDF – or the Institute of Digital Fashion – is rebranding as Patina, marking what founders Leanne Elliott Young and Cat Taylor describe as a new chapter for the business after six years of developing technology for the fashion industry. The new London-based company will focus on “post-purchase commerce”, using Digital...

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US footwear brand G.H.Bass expands business in Germany

US heritage footwear brand G.H.Bass will celebrate its 150th anniversary in 2026. At the same time, the brand is looking back on 90 years of the Weejuns loafer. The anniversary coincides with a period of expansion, particularly in the German market. According to the company, sales in Germany increased by 99 percent year-over-year. Digital...

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Swedish jewellery brand Mockberg expands

Swedish jewellery brand Mockberg is expanding its international presence, with a strategic focus on the DACH region and the UK. Alisa Ernst has been appointed managing director for DACH & UK to steer this growth. She will be responsible for establishing and expanding the brand's presence in both markets. Ernst brings industry experience from her...

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Mothercare posts annual loss as Boots exit and Middle East geopolitical tensions weigh on turnover

UK-based specialist parenting and kidswear group Mothercare has reported its full-year financial results for the 52-week period ended March 28, 2026, recording a statutory loss after tax of 5 million pounds. The performance represents a decline from a statutory profit of 6.2 million pounds achieved in the prior financial year ended March 29,...

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Fila-owner Misto Holdings posts 16.6 percent revenue increase in Q2

South Korean apparel group Misto Holdings has reported its financial results for the second quarter of 2026, recording consolidated revenue of 1.4 trillion South Korean won (approximately 988 million dollars), representing a 16.6 percent increase year-over-year (YoY). Consolidated operating profit for the period rose 62.3 percent YoY to 295.2...