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Vinted's equity valuation hits 8 billion euros after 880 million euro secondary share deal

Lithuanian second-hand marketplace Vinted has completed a secondary share transaction of 880 million euros (1.030 million dollars). This latest move establishes an equity valuation of 8 billion euros for the consumer-to-consumer (C2C) platform. The transaction was led by Swedish investment firm EQT, British asset manager Schroders Capital, and...

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Chronic deficits and recapitalisations: The challenge of Richemont's 'Soft Luxury' division

Swiss leader Richemont, driven by the strength of its jewellery houses, is seeing the weaknesses of its fashion and accessories division intensify. Amid repeated capital injections and slowing growth, the group faces a structural profitability challenge. While the strength of Richemont's jewellery and watchmaking divisions is well-established,...

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Armedangels launches direct-to-consumer model in the US

Armedangels is advancing its international expansion by entering the US market. The Cologne-based fashion brand will launch there at the end of April with a direct-to-consumer model, the company announced on Monday. Distribution will initially be handled through its own online shop, with additional sales channels planned for the future. This...

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SMCP reports stable ready-to-wear sales despite strong regional disparities

French group SMCP, the parent company of brands Sandro, Maje, Claudie Pierlot and Fursac, published its first-quarter 2026 results on Tuesday. While overall turnover remains stable, performance was driven by international markets as the French market experienced a sharp decline. The group's turnover stood at 287 million euros (335.6 million...

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Claire’s ceases standalone operations in the UK and Ireland

Fashion accessories retailer Claire’s has shuttered all standalone stores across the UK and Ireland after entering administration for the second time within a 12-month period. Administrators from the financial advisory firm Kroll confirmed that 154 locations have ceased trading, resulting in more than 1,300 staff members being notified of...

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Producer-led projects: A gap in the sustainability market?

At the root of the sustainability crisis in fashion lies a clouded relationship between brand and supplier, which is a direct consequence of outsourcing production to low-wage countries. In recent decades, the supply chain has become so fragmented that oversight regarding who makes what—and exactly how—has been lost. Now, the industry wants to...

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Former LVMH executive launches Ireland’s first luxury group

Ashley McDonnell, an Irish-American executive with experience across LVMH, Google and Puig, has launched Ireland’s first luxury conglomerate, VYKO Group, designed to acquire and scale emerging luxury brands. In a statement, McDonnell, who has more than a decade of global leadership within the luxury and technology sectors, with senior roles at...

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The Do’s and Don’ts of using AI in fashion marketing: Between efficiency and strategy

Buenos Aires – Julián Restrepo, a specialist in storytelling, strategy, and artificial intelligence applied to communication, has built his career around a central idea: connecting creativity, technology, and business to help brands communicate more effectively. His approach is clear: technology alone does not create value unless it is...

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Epoch Biodesign to open world's largest nylon 6,6 biorecycling facility in London

UK biotechnology company Epoch Biodesign is set to open Europe’s first and the world’s biggest nylon 6,6 biorecycling demonstration facility. The global leader in enzymatic recycling, the plant will open at Grapht Works, Imperial College in North Acton, London, the city’s new pilot manufacturing facility. The announcement comes a month after...

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StockX launches ‘Store at StockX’ to streamline resale process

StockX has introduced a new feature, “Store at StockX,” allowing customers to buy and sell products without ever taking physical possession of them. Currently available to select users in the US, the feature enables shoppers to purchase items that are sent directly to StockX verification centres. Once authenticated, ownership is transferred to...

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Nike to cut 1,400 roles as ‘Win Now’ strategy enters next phase

Sportswear giant Nike has confirmed another series of layoffs as it continues to move forward with its ongoing ‘Win Now’ turnaround strategy. The company confirmed to FootwearNews (FN) that approximately 1,400 operations roles have been cut across North America, Europe and Asia, representing less than 2 percent of Nike’s global team. The...

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Sainsbury’s Tu reports strong FY25 growth yet mulls redundancies

Supermarket giant Sainsbury’s reported a 4.9 percent increase in overall FY25 sales in a preliminary report published this week, with market outperformance particularly seen within its Tu Clothing line. Despite recording “strong” growth, however, the retailer is eyeing operational changes among the brand’s team, with redundancies believed to be...