Latest Articles in Business

Taxation of small Chinese parcels: EU moves to practical implementation

Brussels (Belgium) - The principle has been agreed, yet practical details remain to be settled. The 27 member states must find a provisional solution on Friday to tax the mountains of small Chinese parcels imported into the European Union “as soon as possible” in 2026. This move comes without waiting for the initial deadline set for 2028. Some...

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Destination XL merges with FullBeauty as quarterly losses widen

Destination XL Group (DXL) has announced its intention to merge with FBB Holdings I, Inc. (FullBeauty) to create a “scaled, category-defining retailer for inclusive apparel”. The news comes as the US commerce retailer of Big + Tall men’s clothing reported widening losses in the third quarter, with consumers said to be shopping less frequently....

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Lululemon CEO Calvin McDonald to step down amid U.S. challenges

Lululemon Athletica simultaneously announced its third quarter fiscal 2025 financial results and a major leadership transition, confirming that Calvin McDonald plans to step down as chief executive officer and a member of the board of directors, effective January 31, 2026. The board has commenced a comprehensive search for a new CEO. The...

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Brunello Cucinelli raises growth forecast

Italian fashion house Brunello Cucinelli SpA has raised its revenue forecast for the current financial year 2025. According to an interim statement published on Wednesday, management now expects currency-adjusted growth of 11 to 12 percent. Previously, the knitwear specialist had forecast an increase of 10 percent at constant exchange rates....

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US Supreme Court urged to reject Vetements trademark appeal

A representative for the US government has urged the Supreme Court to decline Vetements’ attempt to register its name as a trademark in the region. In a newly filed petition, solicitor general John Sauer has backed an initial decision by the US Patent and Trademark Office (USPTO) in 2021 to deny the registration due to the generic nature of the...

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Report: Trade barriers are accelerating Chinese enterprise globalization

Efforts to reduce dependence on China are instead accelerating the global expansion of Chinese companies, according to the Global Supply Chain Report 2025 released by the HKUST Li & Fung Supply Chain Institute. The report finds Chinese firms are rapidly building production, R&D and logistics hubs across Asia, the Middle East, Europe and the...

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Tissa Fontaneda raises capital to fund international expansion

Madrid-based, Spanish leather goods brand Tissa Fontaneda is entering its 15th anniversary in 2026 with its first-ever external investor, as it looks to accelerate its international expansion in key markets, including the US and the Middle East. In a statement, Tissa Fontaneda, which has become known for its handcrafted ready-to-wear and...

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Head of Farfetch owner Coupang resigns following data breach

The chief executive officer of South Korean tech giant Coupang has announced his resignation on the back of a data breach that was said to have compromised 33.7 million customers and resulted in the launch of class-action lawsuits. Park Dae-jun, who had joined the company in 2012 before taking up the helm in May 2025, said in a statement to the...

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Roots reports “strong” Q3 driven by positive consumer demand

Canadian premium outdoor-lifestyle brand Roots has reported sales were up 6.8 percent to 71.5 million Canadian dollars for its third quarter ended November 1, as direct-to-consumer momentum continues. The Q3 growth was driven by direct-to-consumer sales, from its retail stores and e-commerce sales, which were up 4.8 percent to 56.8 million...

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BuDhaGirl acquires French brands Kumali and ShanShan

US-based lifestyle brand BuDhaGirl is expanding its global presence with the acquisition of two French jewellery brands, Kumali and ShanShan. BuDhaGirl, which is rooted in the belief that beauty becomes meaningful when paired with ritual, and known for its All Weather Bangles, is utilising the acquisition to the Zen Collective, a new holding...

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EU raids Temu headquarters in Dublin

The European Commission has raided Temu’s European office in Dublin during an announced inspection, the Financial Times reports. The investigation stems from allegations that the Chinese e-commerce platform receives state aid from Beijing to secure subsidies. This financial support reportedly enables the company to offer products at even lower...

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Authentic Brands Group to accelerate TikTok Shop selling

Authentic Brands Group, the global brand development and licensing platform, which includes brands such as Reebok, Champion, Quiksilver, Juicy Couture and Forever 21, has tapped Pattern Group Inc. to accelerate its marketplace growth across TikTok Shop. Pattern Group accelerates brands on global e-commerce marketplaces, leveraging proprietary...