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Claras Materials launches in US to supply feedstock for textile recycling sector

Claras Materials LLC has launched in the US as a specialist supply chain business focused on post-consumer textile raw materials for the region’s growing fibre-to-fibre and chemical recycling markets. The North Carolina-based company said it aims to address ongoing supply challenges facing textile recyclers, particularly around securing...

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Nike facing class action lawsuit over tariff refund allegations

Sportswear giant Nike is at the centre of a consumer-fronted class action lawsuit over allegations that it was withholding refunds on tariffs and raising prices. In the lawsuit, filed with the US district court in Oregon, consumers claimed that Nike could "recover the same tariff payments twice – once from consumers through higher prices and...

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Audemars Piguet becomes official timekeeper of Qatar Airways Premier Padel Tour

Swiss haute horlogerie manufacturer Audemars Piguet is strengthening its commitment to premium sport by entering the professional padel circuit through a dual strategic alliance. The brand becomes the official timekeeper of the Qatar Airways Premier Padel Tour and, at the same time, has signed a collaboration with Spain's Agustín Tapia, the...

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M&S acquires Lichfield distribution centre to boost online fashion growth

British retailer Marks & Spencer (M&S) has announced a conditional agreement to acquire a 437,000 square foot fully automated fashion distribution centre located in Lichfield. The facility, previously operated by British online fashion retailer Asos, is scheduled to become operational within the M&S network in 2027. The acquisition is expected...

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Tool to watch: GFA Policy Matrix Asia

After successful editions covering the EU and Americas, non-profit Global Fashion Agenda (GFA) has released its GFA Policy Matrix: Asia. The resource is designed to map sustainability and social matters related legislation in the fashion industry across the region and focuses on eight major manufacturing countries: Bangladesh, Cambodia, China,...

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Safilo: sales reach 273 million euros in first quarter

Net sales for Safilo reached 272.9 million euros (320.5 million dollars) in the first quarter of 2026, an increase of 0.4 percent at constant exchange rates. “The first quarter of 2026 confirmed the continuity and strength of our operational and financial performance. Our resilient business model is supported by a solid brand portfolio and...

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The RealReal achieves double-digit growth in Q1 2026

The US luxury resale platform The RealReal has reported a strong financial performance for the first quarter ended March 31, 2026. The company experienced double-digit growth across its primary metrics, driven by an expanding active buyer base and increased demand for authenticated second-hand fashion. Gross merchandise value (GMV) for the first...

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Aritzia's retail expansion drives record financial performance in Q4 and full year

Canadian fashion house Aritzia has reported that its real estate expansion strategy served as a primary catalyst for its record-breaking financial performance in the fourth quarter and full fiscal year ended March 1, 2026. The company reached net revenue of 1.19 billion Canadian dollars (0.87 billion dollars) in the final quarter, up 36.2...

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Havaianas brand drives Alpargatas to highest-ever quarterly EBITDA

Brazilian footwear giant Alpargatas recorded its highest nominal quarterly EBITDA in history during the first quarter of 2026, supported by strong volume growth in its flagship Havaianas brand. The company achieved an adjusted EBITDA of 299.50 million reais (60.55 million dollars), representing an expansion of 5.50 percentage points compared to...

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Creative circularity: how LVMH is turning recycling and repairs into a revenue stream

LVMH has generated 500 million euros in revenue from recycling and repairs. This represents ten million products repaired, refilled, or taken back in 2025 across all of the group's houses. It is the first quantified assessment of the gains achieved under its Corporate Social Responsibility (CSR) policy and Life 360 programme. These figures were...

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Tapestry raises full-year guidance following robust Q3 results

US luxury group Tapestry, the parent company of Coach and Kate Spade New York, reported a significant increase in revenue and earnings for the fiscal third quarter ended March 28, 2026. The group achieved double-digit growth across its core brands, bolstered by a 21 percent increase in net sales to 1.92 billion dollars. The performance has led...

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Kontoor Brands reports strong first-quarter growth and announces separation from Lee

US apparel group Kontoor Brands Inc. has started the new 2026 financial year with surprisingly strong results. Alongside the latest figures, the group also announced on Thursday its plan to separate from the Lee brand. Several parties have already expressed interest in the denim label as part of the sales process already initiated, according to...