Home

News

Business

Latest Articles in Business

Reju secures 135 million euro funding for textile regeneration hub in the Netherlands

French company Reju has been awarded a 135 million euro (156.6 million dollars) subsidy from the Dutch government to advance its plans for a recycling centre in Limburg. The company, which is owned by the French tech firm Technip Energies, announced the development in a press release. The funds originate from the National Investment Scheme for...

Member

Business

Authentic reportedly eyeing Converse takeover amid Nike divestment speculation

US brand management giant Authentic Brands Group has reportedly expressed interest in acquiring Converse should Nike decide to divest the footwear label, according to a Bloomberg report. The media outlet stated that while no formal talks were currently underway, the interest from Authentic, the parent company of brands like Reebok and Champion,...

Member

Business

Flabelus appoints Bleckmann as logistics operator to accelerate its UK growth

Madrid – Spanish footwear and fashion brand Flabelus is setting its sights on the UK. It aims to unlock its full growth potential in the market with the help of logistics company Bleckmann. The brand has just appointed Bleckmann as its exclusive partner for all its logistics operations in the British market. With a presence in the UK through...

Member

Business

CNMC detects competition risks in Decathlon's acquisition of Intersport assets

Madrid – Decathlon’s acquisition of specific Intersport assets in Spain has encountered a significant regulatory hurdle. The Spanish antitrust authority, Comisión Nacional de los Mercados y la Competencia (CNMC), has escalated the transaction to a "second phase" analysis. This move, triggered by potential competition risks identified during a...

Member

Business

Kering and L’Oréal: inside the four billion euro alliance shaping the future of luxury

It is now official: Kering and L’Oréal finalised their beauty partnership on March 31, 2026. The 4 billion euro (4.64 billion dollars) deal redefines the global luxury cosmetics market. It also marks a structural turning point for the two French leaders. Initially announced in October 2025, the alliance has received the green light from...

Member

Business

PVH reports significant profit decline despite revenue increase

US fashion group PVH increased its revenue in the 2025/26 financial year. However, profit fell significantly due to adverse conditions and negative special effects. The results, published on Tuesday by the parent company of Calvin Klein and Tommy Hilfiger, were above market expectations. Tommy Hilfiger and Calvin Klein see revenue increase In...

FeaturedMember

Business

Nike shifts from 'direct-first' to 'city-led' strategy amidst Q3 challenges

US brand Nike has reported financial results for the third quarter of fiscal 2026, ending February 28, 2026, revealing a period of strategic rebalancing. The company recorded revenues of 11.3 billion dollars, remaining flat on a reported basis compared to the previous year. On a currency-neutral basis, revenues declined by 3 percent. The results...

Member

Business

EU delegation: China must control its goods exports more strictly

During their first visit in eight years, MEPs in China have demanded greater control over the export of Chinese goods. “We have repeatedly stated that it is important for exports to be more strictly controlled by the Chinese side,” said Anna Cavazzini (Greens), chair of the European Parliament's internal market committee, in Beijing. She added...

Member

Business

Intersport Group reports revenue growth

Intersport Group has concluded the 2025 financial year with revenue growth. The Bern-based retail group concluded 2025 with a year-over-year revenue increase of 0.4 percent, IIC-Intersport International Corporation GmbH announced on Tuesday. On a currency-neutral basis, growth was 1.2 percent. The group is active in 40 countries and has a store...

FeaturedMember

Business

Why Kering is gradually taking control of luxury jewellery specialist Raselli Franco

Kering has marked a new decisive step in its structural repositioning. The French luxury leader has formalised the acquisition of a 20 percent stake in the Raselli Franco group, a leading independent jewellery manufacturer in Europe, for a valuation of 115 million euros. This transaction, first announced in December 2025, paves the way for a...

Member

Business

Judge dismisses counterclaims by The RealReal against Chanel

Chanel has secured a partial win in a long-running legal dispute against The RealReal (TRR). A New York judge has moved to dismiss a number of the US resale platform’s counterclaims, narrowing the defense to more timely matters. US district judge Vernon Broderick of the Southern District of New York granted a motion by Chanel to dismiss five...

Member

Business

American Exchange Group acquires Allbirds for 39 million dollars

US footwear brand Allbirds has announced a definitive agreement to sell its intellectual property and specific assets and liabilities to American Exchange Group. The New York-based firm, which specializes in accessories design and manufacturing, will acquire the brand for an estimated 39 million dollars. The transaction was negotiated by a...