Companies

The Austrian group maintains that the move is a targeted action at this location, focusing primarily on B2B sales. The company has gradually been slimming down its workforce over recent years.

Cycling and running apparel company announces closure next year due to economic reasons. However, its owner, Gore-Tex, will continue to produce fabrics for other sportswear brands.

Zara’s Spanish parent company has upped its share in the partnership with Trent, a Tata Group affiliate, highlighting India’s growing significance as a key player in the global fashion arena.

The American company has unveiled its flagship store in Covent Garden, with two more London locations set to follow in the coming weeks, marking the brand’s relaunch and UK expansion.

The Brazilian footwear giant has reported a 7.5% increase in sales, reaching $208.7 million, alongside an 87% surge in EBITDA, driven by enhanced margins in Brazil and a rebound in its international operations.

In response to American tariffs, a Chinese e-commerce giant raises product prices for consumers. Temu’s summer struggles and advertising cuts bolster its profit margins.

Despite setbacks in its work apparel segment, the American group reports upward movement in its athletic brands, with a 6.4% growth predicted by year’s end.

The American company has achieved double-digit growth across its three key regions, with Europe leading the pack, followed by Asia and North America. Sales surged during the period, reaching a remarkable $2.01 billion.

The American sports equipment giant, helmed by Kevin Plank, has pointed to tariff measures and an unfavorable mix of channels and regions as reasons for its slipping profitability.

The American company reported robust earnings for the first quarter, with sales hitting €1.704 billion and net income reaching €275 million. Coach, a standout brand, surged by 22%.

In collaboration with Shanghai Fashion Week, the French luxury conglomerate revealed its latest venture at the opening of their pavilion at the China International Import Expo.

Continuing its international rollout, fashion behemoth Inditex unveils plans for more store launches, a refreshed brand image, warmer design collections, and a bolstered Home line.

In the first three quarters, the German e-commerce company achieved sales of €8.275 billion, with a net result of €119 million. However, despite higher sales volumes, the group’s profits shrank by 9.2%.

With a 6% dip, the U.S. beauty powerhouse reports $1.58 billion in sales as the year begins. While the company predicts a rebound in the second half, it must navigate the looming exit of Gucci, anticipated by 2028.

The company, undergoing a transformation by shifting its client base, product lines, and branding, continued sales adjustments into 2024, with organic growth remaining strong. Key expenses were slashed across the board.

In a Strategic Move, Spain’s Fashion Titan Secures New Plot at Parc Sagunt for €64.9 Million, a Potential Site for Tempe, Markedly Lower than the Original €160 Million Projection.

French designer steps down as creative director of the brand owned by Qatar’s Mayhoola since 2016, after a transformative fourteen-year tenure that saw the company’s expansion and a tenfold business growth.

As Shein embarks on its venture into physical retail with a store opening at BHV Paris this Wednesday, the Prime Minister has taken decisive action, responding to emerging claims of unlawful practices and inadequate platform controls.

Danish jewelry giant reports a robust third quarter with sales soaring to DKK 6.27 billion ($965 million), as it gears up to welcome Spanish executive Berta de Pablos-Barbier as CEO.

The Italian eyewear company faces challenges from currency fluctuations and sluggish consumer spending in North America, while strategically diversifying its supply chain to reduce reliance on China.

Despite a significant cyberattack in late May, the retail titan closed the first half with a 22.5% increase in global sales. However, the fashion sector saw its operating margin shrink dramatically from 12% to 2.7%.

The American company, known for brands like Wrangler and Lee, has significantly boosted its international business following the acquisition of Helly Hansen. It now updates its 2025 forecast, anticipating a growth surge of up to 20%.

The French conglomerate is set to terminate its affiliation with the management company helmed by Frédéric Merlin and will withdraw its brand from seven department stores across France. This decision follows the operator’s introduction of Shein.

British fast-fashion giant reports a 0.4% increase in revenue and a 2.8% boost in operating profit. The company sets its sights on further expansion in the U.S. market and plans to grow its store footprint.

The American conglomerate is gradually turning the tide on its declining business, closing the first half of the year with revenues of $1.653 billion, a 4% drop compared to a 6% decline in the first quarter.

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