Home

News

Business

Latest Articles in Business

European fashion stocks soar following Iran ceasefire

Madrid – Optimism is taking hold of the markets following the hopeful bilateral ceasefire agreed between the governments of the US and Iran in the early hours of Wednesday, April 8, Central European Summer Time. The agreement, reached for the next two weeks, is based on open negotiations for a “definitive” and “long-term” peace deal. It will...

Member

Business

US Government launches programme to combat microplastics in the human body

The United States Department of Health and Human Services (HHS), a federal government department focused on protecting the health of Americans and providing essential human services, has launched a 144 million US dollar programme to investigate how microplastics build up within the human body and look for ways to protect people against their...

Member

Business

Puig and Estée Lauder merger moves closer as negotiations advance

Madrid – Since confirming on March 24 that they were in negotiations for a potential merger of their respective businesses, Puig and The Estée Lauder Companies have not provided any new official information. The only exception was a statement in which the Spanish company updated its financial calendar at the end of that week. This has not...

Member

Business

Nike faces class action over data breach allegations

Sportswear giant Nike is facing a class action lawsuit over its alleged failure to secure consumer information amid a data breach on January 21, 2026. The suit, filed with an Oregon federal court and reported on by WWD, was brought by complainant Maria Gomez who claimed that the company did not safeguard shopper details stored in its network,...

Member

Business

Trump announces a bilateral ceasefire between the US and Iran

Madrid – Diplomacy has prevailed over conflict following an announcement made in the early hours of this morning, Central European Summer Time, by US president Donald J. Trump. The statement concerns the armed conflict involving the armies of the US, Israel and Iran since February 28. This crisis appears to be on track according to the American...

FeaturedMember

Business

DTC surge drives Levi Strauss to raise annual guidance

US-based denim leader Levi Strauss & Co. has reported robust financial results for the first quarter ended March 1, 2026, prompting the group to increase its full-year outlook. The company saw broad-based growth across all regions and channels, bolstered by its strategic pivot toward a direct-to-consumer (DTC) denim lifestyle model. Quarterly...

FeaturedMember

Business

The Fair Work Agency: Everything you need to know about the UK’s new era of accountability

The UK government has officially launched the Fair Work Agency (FWA), an organisation designed to protect workers’ rights and ensure accountability from businesses required to follow employment laws. Its formation addresses a system that has been historically fragmented, providing both workers and employers with a single entity to turn to...

Member

Business

Desigual and US fund Enduring Ventures submit binding offers for Pronovias

Madrid – This marks the latest chapter in the turbulent decline of the Spanish bridal fashion group Pronovias, a journey that began with its sale by Alberto Palatchi in 2017 to the British private equity fund BC Partners. This transaction is seen as the root of the financial difficulties the company has since faced. Pronovias is now on the brink...

FeaturedMember

Business

E-commerce: China issues new guidelines to regulate platforms under EU pressure

Just days after a historic visit from a delegation of nine MEPs, Beijing published new national strategic guidelines on Monday, April 6, 2026. Amidst reinforced customs duties and a push for “harmonisation with international rules”, China is reforming its ultra-fast fashion model, which has become a major issue in economic diplomacy. Trigger:...

Member

Business

AAFA files legal complaint over California textile recycling scheme rollout

The American Apparel & Footwear Association (AAFA) has filed a legal complaint challenging the implementation of California’s Responsible Textile Recovery Act of 2024, marking a significant development in the rollout of the US’s first extended producer responsibility (EPR) scheme for textiles. The complaint targets regulator CalRecycle, arguing...

Member

Business

Sean Wotherspoon invests in sneaker marketplace Klekt

Klekt, Europe’s sneaker and street culture marketplace, has announced that American sneaker designer, collector, and entrepreneur Sean Wotherspoon has invested in the platform, which was acquired by Belfast-based fashion technology firm Responsible in November 2025. In a statement, Klekt said that Wotherspoon would be investing an undisclosed...

Member

Business

Labour Behind the Label highlights scale of UK worker exploitation, calls for stronger enforcement

Labour Behind the Label has warned that widespread labour exploitation persists across the UK’s fashion supply chains, despite planned reforms aimed at improving worker protections. In a new briefing, the organisation outlines the scale of non-compliance in the UK labour market, particularly in fast fashion production. Citing research from...