Austrian fibre producer Lenzing AG achieved revenue growth in the first half of the 2025 financial year. Thanks to successful reforms, the company has returned to profitability. Recently, however, Lenzing AG has felt the effects of the increasingly difficult economic climate. "In the second quarter, however, international customs measures and...
1 hour ago
U.S. Senator Elizabeth Warren (D-Mass.) has sent a letter to the Federal Trade Commission (FTC) and the Department of Justice’s Antitrust Division, urging them to carefully scrutinise and potentially block the proposed acquisition of Foot Locker by Dick’s Sporting Goods. The Senator expressed concern that the merger of two of the largest...
Madrid – Spanish textile multinational Nextil, which currently operates its main production hubs in Portugal and Guatemala, is continuing to optimise its business model with the sale of all its production facilities in northern Portugal. This transaction, executed under a sale and leaseback agreement, allows the company to continue operating at...
2 hours ago
Vince Holding Corp. has announced that the New York Stock Exchange (NYSE) has accepted its plan to remain listed on the stock exchange. The company, which had been notified on May 6, 2025, that it was not in compliance with listing standards, can now continue its listing. The non-compliance was due to its average market capitalisation and...
3 hours ago
Fashion jewellery group Claire's placed its US operations and several of its subsidiaries operating stores as part of the Claire's and Icing brands under Chapter 11 bankruptcy protection on July 28, 2025. In a statement, Claire's said that bankruptcy proceedings would also be initiated in Canada. The company did not provide a specific timeline....
14 hours ago
Following a one million euro fine from the Italian Competition Authority, the Asian fast-fashion e-tailer Shein has shown remorse. In response to an enquiry, Shein stated that it had "immediately taken all necessary measures to address the criticisms raised". The Italian authority accused Infinite Styles Services Co Ltd, responsible for Shein in...
18 hours ago
US fashion group Capri Holdings Limited exceeded expectations in the first quarter of the 2025/26 financial year. While the company experienced a significant decline in revenue, it reported a profit, unlike the same period last year, due to significantly lower costs. This is evident from the latest results released on Wednesday. In the first...
20 hours ago
British women’s athleisure brand Adanola is looking to drive growth and expansion in the US after receiving a “significant” minority investment from Los Angeles-based private equity firm Story3 Capital Partners. Adanola, founded by Hyrum Cook in 2015, said the new strategic partnership marks an “important milestone” in its ongoing expansion...
21 hours ago
Several potential buyers have shown interest in acquiring a portion of the stores and employees of Princesse tam tam and Comptoir des Cotonniers, though none of the offers include the brands themselves. Both brands, which belong to the Japanese retail giant Fast Retailing, were recently placed in administration. The offers were initially...
US footwear and apparel supplier Wolverine World Wide Inc. (Wolverine Worldwide) continued on a growth path in the second quarter of the 2025 financial year. On Wednesday, the group announced surprisingly strong increases in revenue and earnings. In the three months to 28 June, consolidated revenue amounted to 474.2 million dollars. This...
Italian sportswear brand Macron, known for its teamwear across football, rugby and basketball, has reported revenue growth of 14.7 percent year-on-year for the first half of 2025, compared to 2024, and up 30 percent from 2023. Macron, which provides kits for football teams such as the 2025 FA Cup winners Crystal Palace and celebrity-owned...
1 day ago
Eyewear group EssilorLuxottica has confirmed the acquisition of Automation & Robotics (A&R), a Belgium-based company that designs and manufactures automated systems for quality control of optical lenses. In a statement, EssilorLuxottica said the move would strengthen its vertically integrated supply chain in the production of lenses, as the...
6 Aug 2025