Latest Articles in Business

Authentic acquires Drake’s OVO, VNCE to lead global expansion

Authentic Brands Group has snapped up a majority stake in October’s Very Own (OVO, the lifestyle brand founded by rapper Drake. The deal will also see involvement from Vince Holding Corp. (VNCE), which will serve as the core apparel and retail licensee in the deal. As part of the transaction, Authentic will own 51 percent of the business under a...

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Spinnova seeks dual listing on Nasdaq capital market

Finnish materials technology company Spinnova has publicly filed a registration statement on Form F-1 with the US Securities and Exchange Commission (SEC). The filing relates to a proposed initial public offering (IPO) of equity securities in the US and a dual listing on the Nasdaq Capital Market. The announcement follows a previous disclosure...

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Ami Paris bets on childrenswear to unlock the next growth chapter

Ami Paris has launched its first childrenswear line, Ami Kids, extending the brand's signature Ami de Cœur heart emblem into a new category as the Sequoia Capital-backed Paris label looks for its next growth lever after several years of rapid expansion. Ami Paris launches Ami Kids Credits: Ami Paris The collection is a wardrobe of unisex...

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Lenzing to issue new shares in 300 million euro capital increase

Austrian fiber manufacturer Lenzing has announced that its Extraordinary General Meeting (EGM), held on August 25, 2026, approved an increase in share capital while preserving the statutory subscription rights of existing shareholders. The measure is designed to strengthen the balance sheet structure of the company and finance the execution of...

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Temu parent PDD misses expectations in second quarter

Publicly listed e-commerce group PDD Holdings Inc., which operates the online platforms Temu and Pinduoduo, was impacted by challenging market conditions in the second quarter of the 2026 financial year. The latest results, published by the company on Monday, fell short of market expectations despite a further increase in revenue. From April to...

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Fairtrade textile standard to apply only to garment factories from September

Fairtrade has fundamentally revised its textile standard. The new version will come into effect on Tuesday, September 1, and will now only apply to the final stage of garment production. Instead of covering the entire supply chain from cotton seed to finished garment, the standard will now exclusively apply to so-called Tier one factories. These...

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Urban Outfitters achieves highest adjusted profit quarter in company history

Lifestyle retail group Urban Outfitters delivered record net sales and its highest adjusted profit quarter in company history, for the second quarter ended July 31, 2026. Total net sales for the three months, increased 10.4 percent year-over-year (YoY) to 1.66 billion dollars. Total retail segment net sales rose 8 percent, with comparable retail...

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Abercrombie & Fitch raises outlook after strong Q2 performance

Apparel retailer Abercrombie & Fitch Co. (A&F) has announced its financial results for the second quarter ended August 1, 2026, delivering record net sales and marking its 15th consecutive quarter of growth. Following the results, the company raised its full-year revenue and operating margin outlook. Net sales for the second quarter grew 5...

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Dolce & Gabbana secures covenant waiver amid financial challenges

Italian luxury house Dolce & Gabbana has reached an agreement with its lending pool to waive financial covenant breaches and stabilize liquidity following an operating loss and increased debt in its latest fiscal year. According to a regulatory filing, the privately owned group’s revenue declined 2 percent in the fiscal year ending March 31,...

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Movado Group reports strong sales and profit growth in second quarter

Watchmaker Movado Group has announced its financial results for the second quarter and first six months of fiscal 2027 ended July 31, 2026, delivering top- and bottom-line growth alongside expanded margins. Net sales for the second quarter grew 4.9 percent to 169.8 million dollars compared to 161.8 million dollars in the second quarter of fiscal...

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Lanvin Group reports reduced losses in first half of 2026 despite revenue decline

Chinese luxury fashion group Lanvin Group has announced its unaudited financial results for the first half of 2026, highlighting a marked improvement in profitability and a substantial reduction in losses despite a challenging market. Group revenue for the first half of 2026 (H1 2026) reached 101 million euros (117.7 million dollars),...

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S.Oliver Group co-CEO: “You can’t immediately consult the market on strategic decisions”

Since the Rellecke brothers took over the management of the S.Oliver Group last year, the company has not been taking a cautious approach in its German base of Rottendorf. Brands are being repositioned, structures are being changed and the portfolio is being further developed. In addition to S.Oliver, QS, Comma, Liebeskind Berlin and Copenhagen...