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Bestseller owner snaps up majority stake in Drake’s

Anders Holch Povlsen, the owner of Danish fashion giant Bestseller Group and the largest shareholder of e-commerce retailer Asos, has snapped up a majority stake in British menswear brand Drake’s. New Companies House filings have revealed that a 75 percent stake in Drake’s has been transferred to 28.10.2025 Limited, a firm overseen by Povlsen....

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Restructuring at De Bijenkorf: scope of redundancies yet to be confirmed

Amsterdam - Dutch department store chain De Bijenkorf has announced a further restructuring, confirming a report by the daily newspaper Het Parool to FashionUnited. Positions are set to be cut at the company's head office and in its stores. The exact number of redundancies has not yet been disclosed. On Monday, employees and other company...

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Asos adds Noughts & Kisses to brand portfolio

E-commerce giant Asos has reportedly acquired Noughts & Kisses and is preparing to launch the fashion brand on its site later in 2026. The news was confirmed to Drapers by Noughts & Kisses founder Jemma Bramley, who said the retailer’s customer “aligns closely” with Asos’ own. “Asos is the perfect next step for us because it expands our reach...

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Phoebe Philo forecasts threefold revenue increase in 2025 as growth accelerates

Phoebe Philo’s return to the industry in 2023 with an independent label bearing her name was one of the most closely observed developments in modern fashion. Insiders took interest in not only the creative significance of a seasoned designer establishing control over her output, but also the business model behind it. The brand launched with a...

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Claire’s and The Original Factory Shop due to enter administration

The parent company of Claire’s and The Original Factory Shop (TOFS) is preparing to enter the two retailers into administration. Private equity firm Modella Capital said the current climate was “extremely challenging” for high street retailers, particularly due to “an alarming drop-off in pre-Christmas footfall”. In a statement to The Guardian,...

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Next records surge in Christmas sales and raises full-year profit outlook

Next Plc issued a robust trading update today, revealing that full-price sales for the nine weeks ending 27 December 2025 climbed 10.6 percent compared to the previous year. This performance significantly exceeded the Group's earlier guidance of 7 percent for the period, driven primarily by a massive surge in international demand. Highlights of...

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Textiles ministers’ conference to convene in Guwahati to chart India’s 350 billion dollars roadmap

In a significant move to unify the country’s textile strategy, the Ministry of Textiles, in partnership with the Government of Assam, is set to host the National Textiles Ministers’ Conference on January 8–9, 2026. Held under the theme “India’s Textiles: Weaving Growth, Heritage & Innovation,” the two-day summit will serve as a high-level...

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Aspinal of London: Digital strategy and international expansion fuel 17.1 percent turnover rise

Aspinal of London Limited has announced a double-digit increase in annual turnover, underpinned by a robust digital-first strategy and a successful push into international markets. According to the company’s latest annual report for the year ended 31 March 2025, sales surged by 17.1 percent, reaching 45.2 million pounds (61.3 million dollars)...

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Vietnam: growth accelerates to 8 percent in 2025 despite US tariffs

Vietnam reported an 8 percent growth in its gross domestic product (GDP) for 2025 on Monday, driven by services, construction and exports, despite the impact of US tariffs. “The 2025 GDP is expected to post significant growth, estimated at 8.02 percent compared to the previous year,” the Statistics Bureau said in a statement. For several years,...

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China eases tariffs on certain textile and leather products

The Chinese government has introduced a reduction to tariffs on certain raw materials, including strategic inputs for textiles and leather, as it looks to bolster its position as a key sourcing hub. The new plan, which came into effect January 1, 2026, was approved by the Customs Tariff Commission of the State Council and published by China’s...

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Bain Capital secures majority stake in South Korea’s Echo Marketing

US private equity firm Bain Capital has snapped up a majority stake in Echo Marketing, the South Korean parent company of activewear brand Andar. The stake, valued at 344 million dollars, reflects Bain’s efforts to expand its presence in consumer brands, particularly in South Korea’s athleisure sector. A regulatory filing seen by Reuters stated...

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Zanieri takes control of Everlert and plots international expansion

Italian luxury apparel and knitwear company Zanieri, known for its menswear cashmere and wool products, has acquired control of Everlert, Inc. (EVLI), a diversified holding and strategic advisory firm that focuses on identifying, acquiring, and enhancing growth-oriented businesses with long-term value potential. In a statement, Zanieri said the...