British retail giant Frasers Group has declared its 0.65 Australian dollar-per-share takeover offer for Australian footwear retailer Accent Group “best and final”, confirming it will not increase its bid as the two companies continue their dispute over the proposed acquisition.

The latest “Best Global Brands” ranking from New York-based brand consultancy Interbrand reveals increasing polarisation in the international fashion market. While Hermès, Chanel, Zara and Uniqlo gain brand value, Nike, Gucci and Prada suffer significant losses. Notably, traditional brand strength alone no longer protects against decline.

Interview

BCR Online-Warenhandels GmbH (BCR), which operated the namesake luxury fashion online shop as Fashionette GmbH, has filed for insolvency. According to the official insolvency announcement, the Local Court of Offenbach am Main ordered the provisional administration of the company's assets on Wednesday. Lawyer Sebastian Netzel from the Frankfurt law firm Brinkmann & Partner has been appointed as provisional insolvency administrator. Consequently, any disposals made by the company are only valid with his approval.

Capri Holdings generated revenue of 809 million dollars in the second quarter of the 2027 financial year, which ended on September 26. This represents a year-over-year (YoY) decline of 5.5 percent, while revenue fell by 4.9 percent on a constant currency basis. According to the company, around 20 million dollars is attributable to wholesale shipments that were delivered earlier than planned and were originally scheduled for the third quarter.

Sportswear manufacturer Puma continues to experience a decline in revenue.

US e-commerce giant Amazon.com reported a 12 percent increase in net sales for the third quarter ended September 30, 2026, reaching 201.94 billion dollars compared with 180.17 billion dollars in the prior-year period. Excluding an unfavorable foreign exchange impact of 0.90 billion dollars, net sales expanded 13 percent year-over-year. The retail and technology corporation saw operating income rise 61 percent YoY to 28.08 billion dollars, up from 17.42 billion dollars in the third quarter of 2025.

US outdoor apparel group Columbia Sportswear Company reported an increase in third-quarter net sales, exceeding management projections as direct-to-consumer gains and international momentum offset domestic wholesale shipping shifts.

Investors reacted positively on Thursday to the detailed quarterly figures from Adidas. By midday, the shares topped the firm DAX benchmark index with a gain of nearly 4 percent. For the first time since mid-August, they reached a peak of 165 euros, having fallen below 140 euros at the beginning of October.

US casual footwear group Crocs, Inc. (Crocs) reported a 4.6 percent increase in consolidated revenues for the third quarter of 2026, reaching 1.04 billion dollars on both a reported and constant currency basis. Growth was registered across brand portfolios and direct-to-consumer (DTC) channels, prompting management to raise full-year enterprise revenue guidance to approximately 3 percent.

The Circular Economy Act (CEA) is a legislative proposal by the European Commission (EC) designed to accelerate the transition towards a circular economy within the European Union (EU).

There are roughly ten days left until the close of the public auction set for LuisaViaRoma.

Madrid – Spanish fashion and beauty multinational Puig Group experienced a turbulent day this Wednesday, October 28, as it held its first “Capital Markets Day” as a listed company and presented its new roadmap to 2032. The strategic plan was met by the markets with a -2.66 percent drop in its share valuation. This occurred amid rumours of its potential acquisition of French luxury perfume house Parfums de Marly.

Romeo & Juliette Inc., the parent company of Bearpaw, has acquired Joybees, adding the family footwear brand to a portfolio that also includes Pawz, Strive and Skuze. Financial terms were not disclosed in the announcement.

French technology group Lectra reported an increase in operating profitability for the third quarter of 2026, supported by operational cost discipline and an expanding recurring revenue base.

German sportswear giant Adidas reported record financial results for the third quarter of 2026, supported by robust direct-to-consumer (DTC) expansion and double-digit apparel growth across its Performance and Lifestyle categories. Group revenues rose 9 percent to 7.25 billion euros (8.08 billion dollars) during the quarter, or 7 percent on a currency-neutral basis. Consequently, the group upgraded its full-year 2026 outlook, projecting operating profit to reach approximately 2.5 billion euros.

US-based e-commerce marketplace Ebay reported its financial results for the third quarter ended September 30, 2026, delivering a 14 percent revenue increase to 3.20 billion dollars. Revenue rose 13 percent on a foreign exchange (FX) neutral basis, supported by continued consumer migration towards pre-loved fashion and recommerce.

British contemporary fashion group AllSaints has reported a recovery in its profitability for the first half of financial year 2027, surpassing levels achieved during its record financial year 2025. The London-based company, which also owns US menswear label John Varvatos, announced its trading update for the 26 weeks ended August 1, 2026, alongside audited results for the 52 weeks ended January 31, 2026.

Madrid – Following a postponement prompted by talks regarding a potential, and ultimately unsuccessful, merger with The Estée Lauder Companies, Puig finally held its first “Capital Markets Day” as a listed company on Wednesday, October 28. The historic, century-old Spanish group used this investor day to unveil its new strategic plan. The primary ambition of this roadmap is to surpass the 8 billion euros (8.91 billion dollars) sales mark by 2032.

US apparel group VF Corporation (VF Corp) exceeded its own expectations in the second quarter of the 2026/27 financial year. In light of the latest figures, the parent company of brands such as The North Face, Vans and Timberland confirmed its full-year guidance on Wednesday.

As shoppers in the US face persistent inflation and climbing petrol costs, individuals aged 18 to 45 are shifting their discretionary budgets toward established labels. Rather than seeking out the lowest market prices, buyers are actively investing in heritage apparel brands with proven track records, according to a survey conducted by US firm Wired Research.

Aritzia has set out a five-year strategic plan targeting net revenue of 9.5 to 10.5 billion dollars in fiscal 2032, representing a compound annual growth rate of 15 to 17 percent. The company, which presented the plan at an Investor Day in New York on Tuesday, said the US will remain its primary growth market, while it begins expanding beyond Canada and the United States.

CEO Interview

Madrid – Spanish fashion multinational Inditex is preparing to pay out just over 2.73 billion euros (3.04 billion dollars) to its shareholders on Monday, November 2. This amount corresponds to the second dividend payment agreed from the 2025 financial year results. The upcoming distribution has “revived” the company's share price, which has gained up to +10.63 percent in recent weeks.

Online giant Temu pledges to improve consumer protection following an EU fine of 200 million euros (228.8 million dollars) and submits proposals for changes to the European Commission. Going forward, the shopping portal is to examine whether its recommendation algorithms help spread illegal products, as the Brussels authority announced. The Commission initially accepted the proposals. Temu now has four months to implement them.

Research by US delivery software company FarEye reveals that only 27 percent of logistics and delivery companies in Europe, the Middle East and Africa (EMEA) inform customers of the expected delivery date before checkout. At the same time, 43 percent offer same-day or express delivery. FarEye presented the research findings during a meeting in Amsterdam.

Canadian apparel manufacturer Gildan Activewear Inc. (Gildan) has completed the sale of HanesBrands Australia (HAA) to Singapore-based entity BBFIT Investments Pte Ltd, an associated entity of Australian private investment firm BB Retail Capital.

Madrid – Following the riots that devastated the centre of Barcelona this past weekend, the Asociación Retail Textil España (Arte), the trade association for major fashion and footwear chains operating in Spain, has publicly expressed its support for all retailers affected by this episode of violence. The organisation has voiced this defence while calling for measures to prevent such incidents from happening again.

Brussels - The European Union will from November 1 slap a two-euro (2.25 dollars) handling fee on packages from outside the 27-nation bloc in a bid to curb the influx from China.

British retail group Frasers Group has crossed the 50 percent threshold in Hugo Boss AG, turning the Metzingen-based fashion house into a subsidiary of the Mike Ashley-controlled company.

Interview

Kering shares slumped on Friday. They most recently fell by 11 percent, marking their lowest level since July 2025. This resulted in another negative surprise within the luxury segment. Just the day before, Hermès shares had fallen after its figures failed to convince. In the wake of Kering's decline, other stocks in the sector such as LVMH and Richemont also weakened ahead of the weekend.

French luxury group Kering released its revenue results for the third quarter of 2026 on October 22, 2026, generating 3.35 billion euros (3.76 billion dollars). The total represents a stable performance on a reported basis and a 1 percent decline on a comparable basis year-over-year. Performance was supported by a positive currency effect of one percentage point.

Interview True Religion’s marketing strategy can be summed up in three words: then and now, Kristen D’Arcy, who became the brand’s first chief marketing officer in 2023, told FashionUnited.

Prada SpA recorded net revenues of 4.54 billion euros (5.08 billion dollars), up 15 percent year-over-year (+4 percent organic), in the first nine months of 2026. Retail sales amounted to 3.93 billion euros, up 11 percent YoY (+2 percent organic).

The Italian fashion group Ermenegildo Zegna NV continued its growth trajectory in the third quarter of the 2026 financial year.

As consumers become more selective about their wardrobes, new research from Market research company Ipsos, commissioned by Australian fibre organization Woolmark, reveals a growing global preference for natural fibres. The study was conducted across the US, France, Germany, Italy and China.

The persistent disruption of global maritime shipping has transformed airfreight across Africa from a niche logistical alternative into a vital operational lifeline. Driven by ongoing security challenges in the Red Sea and Middle East, ocean carriers have been compelled to bypass the Suez Canal and detour around the Cape of Good Hope, adding weeks to maritime transit times and creating severe congestion at key African ports. In response to unpredictable shipping schedules and severe supply chain bottlenecks, importers and exporters throughout Sub-Saharan Africa—most notably in major commercial corridors across Nigeria, South Africa, and Ghana—are increasingly shifting time-sensitive cargo onto air routes to maintain trade continuity.

French luxury group Hermès reported a 5.5 percent increase in third-quarter revenue on Thursday, supported by Europe, the Americas and Japan. The company also confirmed its full-year forecast “despite the deteriorating macroeconomic and geopolitical environment”.

French fashion group SMCP recorded a decline in revenue in the third quarter of the 2026 financial year due to losses in its domestic market. This was revealed in an interim statement published on Thursday by the parent company of Sandro, Maje, Claudie Pierlot and Fursac.

US-based technology company Google has joined forces with Singapore-based personal shopping platform Glance to integrate artificial intelligence (AI)-powered product discovery and commerce tools into Android TV devices. The partnership will transform dormant television screens into interactive lifestyle and storefront surfaces across the US, India, and Japan.

Puig has closed the third quarter of 2026 with its highest reported growth rate since early 2025, driven by a make-up category gaining weight within the group and held back by a skincare segment recording its second consecutive negative quarter. This follows from the sales update published on Wednesday by the company and explanations provided by its management during the subsequent analyst call.

Moncler S.p.A. (Moncler) consolidated revenues amounted to 1.90 billion euros (2.14 billion dollars) in the first nine months of 2026. According to a press release, the result represents a 6 percent increase at constant exchange rates and a 3 percent increase at current exchange rates, compared to 1.84 billion euros in the first nine months of 2025.

Interview Lee’s chore coat was built in 1925 to withstand farm and railroad work. A century later, its design has withstood something else: changing fashion trends. “Lee never has been the loudest brand. But we’re one of the longest lasting,” Sedgwick Cole Jr., Lee’s global head of design, told FashionUnited as the brand celebrates the jacket’s 100th anniversary with a fall 2026 update.

Delvaux, the Belgian luxury leather goods maker owned by Richemont, recorded a sharp drop in revenue and a wider net loss in the financial year ended March 31, 2026. The figures relate to Delvaux Créateur SA, the Belgian entity behind the brand. The annual accounts were filed with the National Bank of Belgium on October 15, 2026.

Fashion shoppers are placing greater emphasis on quality, transparent pricing and in-store service, while remaining cautious about artificial intelligence (AI) making purchasing decisions for them, according to new research from AlixPartners.

EXCLUSIVE Attention to clothing repair and care is trending upwards. People appear increasingly interested in what their clothes are made of, how long they will last, and how to look after them. Brands are also waking up to repair. During the first half of 2026, brands and retailers including Salomon, Kiabi and Next launched repair programmes, and United Repair Centre, one of Europe’s biggest repair providers, opened a new repair hub in Paris.

Skechers and HandsFree Labs (HFL), the parent company of Kizik, have both claimed victories in a European patent dispute over hands-free footwear, following a ruling by the Unified Patent Court in Munich.

Swedish fashion brand 11 Studios, based in Stockholm, has announced the launch of its second collection alongside four strategic initiatives aimed at scaling its international presence and streamlining operations.

British modern luxury womenswear brand Me+Em has announced its financial results for the year ended January 2026, driven by continued global expansion and accelerating international demand.

British sportswear brand Castore is reportedly in discussions with Chinese sportswear groups Anta and Li-Ning over a potential deal, as investors seek to exit the business.

Austrian wood-based cellulose fibre producer Lenzing AG (Lenzing) has successfully completed its capital increase against contribution in cash with subscription rights for existing shareholders, raising gross proceeds of approximately 301.2 million euros (338 million dollars).

French-Italian eyewear giant EssilorLuxottica announced that consolidated revenue for the third quarter of 2026 reached 7.49 billion euros (8.40 billion dollars). This represents a year-over-year increase of 7.2 percent at constant exchange rates compared to the third quarter of 2025, or 9 percent at current exchange rates.

German sportswear brand Adidas has reported record top and bottom-line results for the third quarter of 2026, prompting the company to raise its full-year operating profit guidance.

The Italian fashion group Salvatore Ferragamo SpA suffered another revenue decline in the third quarter of the 2026 financial year. This is according to the latest figures released by the company on Tuesday evening.

Since the beginning of the month, at least 21 attacks on vessels in the Strait of Hormuz region have been logged according to the United Kingdom Maritime Trade Operations (UKMTO) Centre. The dramatic surge in military activity and drone strikes targeting commercial cargo vessels in the Strait of Hormuz is in response to US obstructions of Iranian ports and firmer sanctions imposed last month.

The FashionUnited Index of Most Valuable Fashion Brands ranks the largest fashion brands in the world by brand value. In 2026 Hermès takes first place for the first time, with a brand value of 45 billion dollars, ahead of Louis Vuitton and Chanel. Together, the ten most valuable brands are worth 222.3 billion dollars, almost half of the 451 billion dollars that the full top 100 is worth.

With China's economy still struggling to recover from the pandemic, even global fashion icons are beginning to feel the pinch as consumers turn instead to the second-hand market or buy upstart new homegrown brands.

US-based retailer Quince has launched in the UK, marking its first expansion beyond North America. The company's regional website offers womenswear, menswear, children’s clothing and homeware, with free delivery and a 365-day returns policy. The initial selection will be tailored to British shoppers, with categories expected to expand.

British retail group Frasers Group plc has come one small step closer to a majority stake in the Metzingen-based fashion company Hugo Boss AG.

British biomaterials company Ponda has launched Wear the Wetland, a customisable clothing collection designed to connect corporate merchandise with wetland restoration, with Imperial College London among the first organisations to adopt its materials.

UK luxury brand Mulberry Group plc (Mulberry) announced an 18.1 percent increase in sales at actual currency rates for the 26 weeks ended September 26, 2026. The group attributed the performance to product momentum, brand elevation, and full-price sales growth aligned with its 'Back to the Mulberry Spirit' strategy.

Madrid – Shein continues to scale and deepen its operations as a global marketplace. This time, it is introducing its new cooperative logistics service in Europe, starting from Spain. The company presents this solution as a new tool for sellers on its platform. It promises to help them grow within and expand into new European markets.

US denim and lifestyle brand True Religion is exploring strategic options, including a full sale or the sale of a minority stake, according to a Reuters report. The potential transaction could value the company at close to 1 billion dollars, people familiar with the matter told Reuters.

Washington County - Nike (NKE) is expanding its presence in India with plans for a new global campus in Bengaluru as the sportswear giant looks to revive growth under CEO Elliott Hill and tap into one of the world's fastest-growing consumer markets.

The campus, expected to open within the next few years, will house corporate roles spanning Nike, Jordan Brand and Converse.

Hill described the project as a long-term investment, citing India's importance as both a growth market and manufacturing hub.

The expansion comes as Nike struggles in Greater China, where fiscal first-quarter revenue fell 26 percent.

The company said China remains a long-term priority and stressed that its India investment is not intended to replace its focus on the market.

Nike is also restructuring operations under its Pace strategy, including workforce reductions and supply-chain changes, targeting about $2.5 billion in savings through fiscal 2031.

India's growing consumer base and rising participation in sports offer Nike another avenue for long-term international growth.

Indian fashion retailer Shoppers Stop (SSL) recorded a turnaround in profitability for the second quarter ended September 30, 2026, driven by its focus on premium product categories and operational discipline.

Paris - Kering chief executive Luca de Meo is accelerating his shake-up of the struggling fashion conglomerate with the ousting of Alexander McQueen's chief designer, just days after a purge at Saint Laurent.

Paris-based Kering announced Thursday that McQueen creative director Sean McGirr was leaving his job at the loss-making British label three years after his appointment.

The 38-year-old Irishman appeared to have paid the price for a collapse in sales over his tenure, lacklustre reviews, and de Meo's desire to restructure many of the smaller labels in Kering's extensive stable.

"I would like to thank Sean for his contribution and dedication to Alexander McQueen," de Meo said in a statement. "Our ambition is to establish a bold new direction for the house."

De Meo arrived last September with a stellar reputation as a cost-cutter and turnaround specialist, having helped relaunch the struggling French carmaker Renault.

Shares in Kering, which also owns Gucci, Balenciaga and Bottega Veneta, rose ahead of his appointment as investors bet he could slash burgeoning debt and revive sales at the group.

But since the start of the year they are down 28 percent despite signs of improvement at the flagship Gucci house under its highly rated new creative director, Demna.

Pressure

The entire luxury fashion industry is suffering from a downturn in global sales linked to weaker demand from China and concerns about the world economy, heaping pressure on designers.

On Monday, Kering's crosstown rival LVMH, which owns Louis Vuitton and Dior among others, reported a five percent fall in sales at its fashion labels in the third quarter.

De Meo initially explored selling McQueen after arriving in the job, before opting to slash costs through job cuts and shop closures.

"The problem of McQueen is that it had relied on streetwear and sneakers for its growth, while now sneakers and streetwear are yesterday's story," Luca Solca, a luxury goods analyst at the brokerage Bernstein, told AFP.

"The consensus on the recently ousted McQueen designer was that he wasn't really producing a positive impact," he said.

Annual sales at the brand, founded by the late British fashion icon Alexander McQueen, have fallen to below 200 million euros from a peak of 800 million in the post-Covid boom years, Bernstein estimates.

McGirr follows longtime Saint Laurent designer Anthony Vaccarello out of Kering's doors after the widely acclaimed Belgian left the French label last week after a decade in charge.

There are also persistent industry rumours that Balenciaga designer Pierpaolo Piccioli might also be heading for the exit, less than 18 months after the former Valentino designer was appointed.

"There is a lot on creative directors' shoulders these days, as brands strive to grow again after a significant reset," Solca said.

Strict global regulations and enforcement actions have moved from a future concern to an immediate business reality. How large are the gaps between regulatory expectations and the fashion industry's current operational readiness? Supply chain solutions provider TrusTrace surveyed 57 insiders of fashion, apparel and footwear brands from 24 countries and compiled the findings in the report, “The Enforcement Era: Fashion's Compliance Readiness in Numbers”.

Brunello Cucinelli's results for the first nine months of the year have led the company to further revise its 2026 estimates upwards. The forecast has been raised from an expected +10-11 percent to a projected revenue growth of +12 percent at constant exchange rates.

Interview

At the beginning of August, FashionUnited speculated what kind of consequences the European Union’s abolishment of the duty-free exemption for low-value packages may have. The replacement with a transitional flat-rate customs handling fee per tariff classification line resulted in parcel volumes dropping overnight while bulk inventory movement surged. This means that ultra-fast retail platforms have merely shifted their volumes from individual parcels to bulk warehouse stock. For the European supply chain, this means adapting to a permanent baseline of regionalised, high-density distribution.

Crowdfunding platform Kickstarter has launched a fashion advisory board featuring designers behind Collina Strada, Luar and Brandon Blackwood, as it expands support for independent fashion creators through its one million dollar Culture Fund.

Creative agency collective Platform6 announced on Wednesday the acquisition of Without Production, a Milan-based company specialising in the design and production of fashion shows. Platform6, which already operated in the luxury events sector through its entities Marcadé and Superbien (an agency specialising in the creation of moving images), now adds fashion show management to its expertise. Through this transaction, the group expands its geographical reach, building on its presence in Paris, New York, Shanghai, Dubai, Monaco and now Milan.

TFG London, owner of Hobbs, Whistles and Phase Eight, and Swedish fashion retailer H&M Group are investigating separate cyber security incidents, adding to growing concerns over attacks targeting the fashion industry ahead of the peak trading season.

CTR Group, the owner of fashion rental platform Hirestreet and resale marketplace Thrift+, has launched Zoa Group, bringing together its circular retail businesses under one umbrella to help brands recover value from unsold stock.

The Spanish children's footwear company Pablosky will no longer feature identifiable children's faces in its campaigns, proprietary channels and brand materials. The company, headquartered with its factory in Toledo, attributes this decision to the undeniable impact that social media and artificial intelligence have on the potential use of images of minors.

CEO interview

CEO Interview

As announced at the 2025 Better Cotton Conference in Izmir, Turkey, the Better Cotton Initiative (BCI) is now officially operating as a regenerative standard system.

This means reinforced farmer support through stronger requirements, targeted capacity strengthening and improved impact measurement. For retailers, brands and suppliers, it provides a reliable means of setting and meeting corporate regenerative sourcing targets, while BCI's traceable offering opens the door to product-level claims.

Keeping nature, farmers and industry in mind

“Our transition to a regenerative standard system is about unlocking a triple win for nature, farmers and industry. When nature thrives, farmers thrive. And when retailers and brands support those conditions through their sourcing and investment, they help build more resilient supply chains and future-proof the supply of cotton,” comments BCI CEO Nick Weatherill in a press release.

"As the world's largest cotton sustainability organisation, we are uniquely positioned to drive change across the entire cotton supply chain. That’s why we have spent the last year strengthening our system and creating the tools, frameworks and partnerships needed to promote regenerative outcomes at scale,” he adds.

Over the past year, a series of changes were introduced across BCI's system as part of the move. For example recent updates to its Principles and Criteria, which now require BCI farmers to adopt locally regenerative farming practices and set continuous improvement targets across key environmental and social indicators.

At farm-level, BCI has adapted its investment, capacity strengthening, assurance, impact measurement and member claims to better support and prioritise regenerative farming.

Digitally supported by Co:Farm platform

To support these efforts digitally, BCI has acquired the team and technology behind mobile and web application Co:Farm from Materra, a platform that enables more efficient field-level data collection and reduced administrative burdens for growers and implementing partners.

“Co:Farm is more than a technology acquisition. We are investing in the infrastructure needed to support regenerative agriculture and the transparency the market increasingly expects. Very few organisations can take an innovation proven with 10,000 farmers and scale it across one of the world’s largest farmer networks. Combining BCI’s scale and reach with Co:Farm’s technology and expertise will help deliver the data, visibility and assurance needed to translate regenerative ambition into impact,” explains Alia Malik, BCI’s chief commercial officer.

One example of BCI’s regenerative approach is the Gujarat Regenerative Agriculture Project, which was launched in partnership with H&M in India in 2025. Its aim is to increase support for farmers adopting or expanding regenerative practices. More than 12,000 farmers in Gujarat are currently being trained and supported through the project, with 1,764 receiving incentive payments in the first year of the project. To date, 1,700 metric tonnes of traceable BCI lint cotton have been linked to H&M’s supply chain, representing 50 percent of the project's initial target.

UK-based retail conglomerate Frasers Group (Frasers) has increased its holding in British luxury house Burberry Group plc (Burberry) to 7.42 percent of voting rights. The step follows recent incremental acquisitions, with Frasers previously disclosing a 6.32 percent position at the end of September, up from 4.16 percent earlier in the year.

French luxury conglomerate LVMH recorded revenue of 57.15 billion euros (63.85 billion dollars) in the first nine months of 2026, marking organic revenue growth of 2 percent year-over-year (YoY) despite an uncertain geopolitical and economic climate. Reported revenue changed by minus 2 percent for the period.

Interview Inclusivity has long been an issue in the fashion industry. For most e-commerce brands, showcasing their clothes on a variety of bodies comes with a high cost that few can afford. Generative AI promises to break that arithmetic, allowing a single garment to be shown on dozens of bodies without multiplying the budget. But showing more bodies doesn’t necessarily mean paying for them, raising the question whether these emerging tools are really solving the diversity issue or optimizing it away.

Next, Primark and Tesco are backing a new industry-wide programme led by NGO Waste and Resources Action Programme (WRAP) to redesign the UK’s textile collection system, addressing rising waste volumes and falling resale values put pressure on the sector.

Interview

British accessories brand Radley has appointed Lloyd Baker Leather Ltd as its new licensing partner for handbags and small leather goods, as its owner Gordon Brothers pursues an international growth strategy following the brand’s administration earlier this year.

Indian Union Minister of Commerce and Industry Piyush Goyal met senior leadership from US sportswear giant Nike in Milwaukee during the G20 Trade Ministers' Meeting. Discussions focused on broadening the company's long-standing commercial relationship with India across domestic manufacturing, local sourcing, and supply chain infrastructure.

The Indian womenswear market is projected to grow from 28.79 billion dollars in 2024 to 45.49 billion dollars by 2032, according to a report by US market research firm Credence Research.

CEO Interview

The Karl Lagerfeld brand is partnering with Mexican developer Grupo Bosque Real to develop its first residential complex in Latin America. Located in Huixquilucan, Mexico, this 73-residence project translates the designer's aesthetic into an architectural context. This project joins other residential complexes developed by the brand worldwide.

After announcing the opening of its first café in Amsterdam last July, the Karl Lagerfeld brand (owned by G-III Apparel Group) is tackling a 38-storey tower. The real estate project will include 73 residences, including two penthouses and a ground-floor flat. Each apartment, with a surface area of over 475 square metres, will offer three bedrooms and large private terraces. The interior spaces were developed in collaboration with The One Atelier studio, under the supervision of Caroline Lebar, creative director of interior design at Karl Lagerfeld.

Pier Paolo Righi, chief executive officer of Karl Lagerfeld, explained in a statement: “Our partnership with Grupo Bosque Real gives us the opportunity to translate Karl's distinctive perspective into a whole new context, with our first residential project in Latin America”.

The interior architecture combines the fashion house's heritage with the natural and cultural environment of Mexico. The main lobby features a monumental brushed stainless steel library, 9.71 metres high, paying homage to Karl Lagerfeld's passion for books. Furniture from the Karl Lagerfeld Maison line is also used in the communal areas, which include a private cinema.

The brand states that the design favours locally sourced materials, such as basalt, tezontle and Tzalam wood, which contrast with polished concrete and artisanal terrazzo finishes. Residents will also have access to shared facilities including a swimming pool, a panoramic wellness area, a padel court and various reception areas.

The project's inauguration was held in Mexico City on October 8. Its completion, scheduled for early 2029, will add to the brand's international residential portfolio, which already includes developments in Lisbon, Marbella, Dubai and Ras Al Khaimah. As a reminder, the brand opened a luxury hotel in China (Karl Lagerfeld in Macau) in June 2023.

This article was written in part with the support of an artificial intelligence tool before being verified, completed and edited by a FashionUnited journalist.

Report

Movado Group, Inc. (Movado Group) has entered into a binding agreement to sell a 95 percemt interest in its Swiss luxury watch brand Ebel for 66.5 million dollars to a strategic buyer group.

Canadian apparel brand Aritzia Inc. (Aritzia) reported strong financial results for the second quarter of fiscal 2027 ended August 30, 2026, driven by broad-based demand across retail and digital channels.

Japanese retail giant Fast Retailing Co., Ltd. (Fast Retailing) has announced financial results for the 2026 fiscal year ending August 31, 2026, marking its fifth consecutive year of record performance. Group revenue rose 16.6 ercent year-over-year to 3.96 trillion yen (25.03 billion dollars), driven by strong international expansion and steady momentum at Uniqlo. Operating profit for the full year climbed 31.7 percent to 743.1 billion yen, while profit attributable to owners of the parent company increased 25.3 percent to 542.5 billion yen.