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Dick’s Sporting Goods initiates layoffs at Foot Locker

Nearly a year on from its acquisition of Foot Locker, parent company Dick’s Sporting Goods has begun a series of layoffs within the operations of the sportswear retailer. The news was confirmed to Footwear News by unnamed sources. FashionUnited has contacted Dick’s with a request to comment. Some employees were reportedly asked to ‘return to...

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Debenhams raises guidance following adjusted EBITDA growth

Manchester-based Debenhams Group, the online platform operated by Boohoo Group plc, has announced it delivered 53 million pounds (70.16 million dollars) in adjusted earnings before interest, tax, depreciation and amortisation (EBITDA) for the financial year ending February 28, 2026. This figure represents a 36 percent increase compared to the...

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Jott administration: three candidates vie for ready-to-wear company

Marseille (France) - The Marseille commercial court on Friday reviewed bids from three candidates to take over the Marseille-based ready-to-wear company Jott, known for its colourful down jackets. These were selected from around 15 potential buyers who came forward in February. The court will announce its decision on April 13. The Jott brand...

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Puig: The group that dreamed of becoming LVMH, yet may disappear under Estée Lauder's shadow

Madrid – Everyone has a price. This stark premise lies at the core of the current negotiations for a “potential” merger between the US group The Estée Lauder Companies and Spain’s Puig. The deal, should it materialise at the right valuation, could effectively subsume Puig’s 112-year history. Founded in 1914 in Barcelona by Antonio Puig Castelló...

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Nextil raises 13.9 million euros in promissory notes following acquisition of Sindutex

Madrid – Spanish textile multinational Nextil has announced the successful completion of its latest debt placement through its promissory note programme on the Alternative Fixed-Income Market (MARF). This financing operation follows the acquisition of a majority stake in the Portuguese company Sindutex. This morning, Nextil Group announced the...

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Misto Holdings accelerates Korean fashion expansion in Greater China

Misto Holdings is strengthening its position as a strategic brand hub, driving the expansion of Korean fashion labels across the Greater China region. Leveraging its retail operations and brand development expertise, the company is scaling its multi-brand portfolio while enhancing integrated online and offline capabilities. The company has...

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Textile Exchange introduces first LCA study on cotton's environmental impact

Textile Exchange has released the first in a new series of Life Cycle Assessment (LCA) studies, aimed at improving the quality and consistency of environmental impact data across the fashion and textile industry. The initial report focuses on cotton, providing updated data across key producing countries and covering a range of systems including...

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EU to fine e-commerce platforms importing harmful items

EU states and lawmakers struck a deal Thursday to give the bloc the power to slap fines on online platforms importing unsafe items into the European Union. The measure is part of wide-scale reforms to the EU's customs rules, including an EU-wide handling fee on products bought outside the 27-nation bloc, as Brussels steps up its efforts to stem...

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AI moves into fashion’s C-suite

As fashion navigates economic uncertainty and technological disruption, the C-suite is being redrawn. Artificial intelligence is no longer confined to design studios or marketing dashboards, it is now reshaping executive leadership itself. At Kering, CEO Luca de Meo last week appointed the group’s first chief digital, AI & IT officer, Pierre...

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LuisaViaRoma workers go strike in Florence amid liquidation filing

Employees of Italian retailer LuisaViaRoma have gone on strike in Florence today, after union representatives announced that liquidation proceedings were being pursued by the company. As reported by La Nazione, the Italian court's protective measures under the negotiated crisis settlement procedure expired. LuisaViaRoma has announced it will...

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Gap plots 50 new stores in China, prepares Hong Kong return

The firm managing Gap’s Chinese operations has said it is planning to open 50 new stores for the brand in mainland China during 2026. Baozun, which acquired Gap China in 2022, said it is hoping to boost the retailer’s growth in the country over the next three years. In an interview with Bloomberg TV, Baozun’s chairman and chief executive...

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EU-Australia FTA: Tarriff removal and export growth projections

The European Union and Australia have concluded negotiations on a comprehensive free trade agreement (FTA), marking a significant step for international business and trade. The agreement, finalised during a meeting between European Commission president Ursula von der Leyen and prime minister of Australia Anthony Albanese, will remove over 99...