In Dhaka, a chemical explosion at a factory on Tuesday led to a deadly spread into an adjoining warehouse, with sixteen workers losing their lives. Investigations continue as the owners of the facilities have yet to be identified.

The French e-commerce giant embarks on a strategic business streamlining following a fiscal year marked by losses. The €43.6 million transaction is set to be executed this year.

Facing a surge in business expenses, the Asian powerhouse ended the fiscal year with a pre-tax profit of $1.3 billion, down from $1.5 billion in 2023.

Marking a significant milestone, the Italian group unveils its first physical outpost of its eponymous brand in the country, with plans to refine the shopping experience. The Indian market, buzzing with activity, attracts more international players.

Following the death of designer Giorgio Armani, his partner Pantaleo Dell’Orco takes the reins of the Foundation with a crucial 30% stake in voting rights, setting the stage for a significant acquisition or IPO.

In a strategic shift from distribution to investment, the Middle Eastern luxury holding has taken a minority stake in the provocative American designer’s fashion label.

The Zara-inspired fashion chain sets its sights on expansion with plans to launch 200 new stores over the next five years, eyeing growth both domestically and internationally. As the company aims to strengthen its presence outside of China, it positions itself as a formidable contender against global retail giants.

In the role since 2017, the executive’s reappointment is contingent on shareholder approval, extending his leadership until September 2026. This decision focuses on securing stability amidst evolving circumstances.

Despite a 6.13% drop in sales and trimming losses by over three million euros, the children’s and teen accessory brand couldn’t turn its bottom line into the black.

The Spanish company reports an unauthorized data breach involving customer information used in marketing campaigns by an external service. Despite the cyberattack, the firm continues its operations without disruption.

Asia’s resurgence and Sephora’s comeback propel the French luxury leader to a 1% organic growth in Q3, countering Europe’s tourism softness.

The organization has unveiled a manifesto urging European Union authorities to adopt three crucial policy pillars to accelerate the circular transformation within the fashion industry.