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Business

Unwrapping in 2025 – Fashion giants tackle a challenging market: Acquisition and bankruptcy aftermath

From blocked merger attempts to widescale bankruptcies, 2024 has been somewhat of a rollercoaster for brands across all subcategories. FashionUnited takes a look at what is on the horizon as the biggest stories of this year continue to unfold into 2025. Head-to-head: Fashion giants tackle turbulent market A major merger at Saks and Neiman Marcus...

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Business

Fashion Workers Act signed into NY law: What does this mean for the industry?

After what has been a lengthy legislative process, the Fashion Workers Act has officially been signed into law in New York. The bill intends to regulate the modelling and creative industries in the state, specifically tackling “predatory management agencies” that have previously gone unchecked. Set to go into effect from June 2025, the Fashion...

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Business|Interview

Compression socks with a doping effect: Founder and CEO of Stox talk about the road to success

Compression socks, whether used in sports, leisure or for medical purposes, aren't exactly considered a sexy accessory. Caspar Disselhoff agreed. So, almost 10 years ago, he founded Stox Energy Socks - the company making compression socks with medical technology fashionable. Stox was born in 2015, and already started out with a medical...

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Business

Nordstrom to go private, namesake family receives board approval to acquire retailer

A deal that could see US department store giant Nordstrom go private has been approved by the board of directors, potentially allowing for the company’s namesake family to acquire all outstanding shares of the firm. The Nordstrom family, consisting of Erik, Pete, Jamie and other members, will come together with Mexican real estate company El...

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