The global fashion business journal

The United Nations declares the planet has shifted from a crisis to a ‘water bankruptcy.‘ This new assessment reshapes industrial risk, placing textiles, apparel, and footwear at the forefront of today’s global sourcing landscape.

Strengthening its hold, the French luxury powerhouse has secured an additional 9% of the Italian label for €1 billion, raising its total stake to 94% and pegging the company’s valuation at €11 billion.

The French conglomerate stemmed the decline in sales for the fiscal year, buoyed by robust local demand and selective distribution, which offset weaknesses in the fashion, leather goods, and spirits divisions.

The Italian brand experiences a downturn in annual revenue, with a significant 16.6% decline in Asia-Pacific and a marked drop in its leading footwear line impacting overall performance.

Arnaud Reytan, a seasoned specialist in business restructuring, steps into the leadership role of the menswear and womenswear brand following Anne-Laure Couplet’s departure. Last March, Verdoso assumed control of The Kooples.

Spanish fashion distribution giant has emerged as the sole bidder for the coveted plot, leveraging a Madrid-based entity established last year. The final price tag, taxes included, stands at €78 million.

Under the new trade pact, European exporters could see annual tariff savings of up to €4 billion. The EU is optimistic about doubling its exports to the Asian market once the agreement is operational.

The first three quarters saw the British company amass 573 million pounds ($783 million) in revenue, while direct sales markets feel the pinch of fewer discounts.

The makeup company indefinitely postpones indefinitely the asset sale it had planned for this Tuesday. The company will continue to operate while it negotiates the restructuring of between $50 million and $100 million in debt.

The U.S. group is focusing on expanding its licensing proposition at a critical time with the departure of two of its main licensees: Calvin Klein and Tommy Hilfiger. It has agreements with Levi’s, Nautica and Champion.

The latest edition of the children’s fashion trade fair, held from January 21st to 23th, made a triumphant return to Feria de Valencia, where both organizers and exhibiting brands celebrated a surge in international visitors.

The Madrid-based company bids farewell to Salesas with a final sale and the message of slowing down. In six years, the brand went from an artisanal project to distribution in 16 markets and nearly 50 points of sale, with a focus on the United States.

With the Marciano brothers and CEO Carlos Alberini holding on to 49% of Guess shares, the existing leadership remains intact to navigate the brand’s future.