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Guess goes private as Authentic finalises majority takeover

Authentic Brands Group has finalised its acquisition of a majority stake in Guess, taking the American brand private after a deal with existing shareholders was approved. The 1.4 billion dollar transaction, initially announced in August last year, sees Authentic secure a 51 percent stake in Guess’ intellectual property. The brand’s existing...

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Poundland finalises store closure programme, relaunches Pep&Co clothing

Budget retail chain Poundland has announced the end of its store closure programme, reflecting progress on its court-approved restructuring plan, including the relaunch of its Pep&Co clothing range. Now under the ownership of Gordon Brothers, the company said it has finalised its store consolidation efforts, which formed part of a restructuring...

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Brunello Cucinelli launches new e-commerce platform

Italian luxury brand Brunello Cucinelli has launched a new e-commerce platform underpinned by artificial intelligence (AI), which is now available in Italy, the UK, and the US, ahead of a rollout to other markets in the coming months. In a statement, the Italian brand said the new e-commerce platform is an evolution of the site...

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Watches of Switzerland expands US presence with Deutsch & Deutsch acquisition

The UK-based luxury watch specialist Watches of Switzerland Group (WOSG) has announced the completion of its acquisition of Deutsch & Deutsch, a family-owned jewelry and timepiece retailer based in Texas. Operating since the 1920s, Deutsch & Deutsch is an authorized distributor for several high-end brands, including Rolex, Cartier, Omega, Tudor,...

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Takeover battle: Hunkemöller creditors lose out in Dutch court

The Dutch court has rejected the objections of several creditors against the takeover of Hunkemöller. They attempted to reverse the lingerie chain's acquisition by the American company Redwood Capital Management through the court. According to the court, there is insufficient evidence for this. The Dutch case appears to be primarily intended to...

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What hampers fashion innovation scaling?

Despite the fashion industry’s current boom in innovations that tackle its biggest problems like textile waste, reliance on fossil fuels, harmful dyes and more, the pace of scaling is trailing behind. In a new report, the denim supply chain platform and think tank Transformers Foundation has identified three main barriers as well as three...

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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...