Companies
adidas expands India sourcing with new facility
The Germany-based sportswear company is expanding its footwear production in India by setting up a new manufacturing facility with Evervan Kothari Footwear in Karur, Tamil Nadu
Dr. Martens maintains full-year outlook as US growth continues
The British footwear brand said in a trading update that its performance since the start of the 2027 financial year had been in line with expectations and that it was maintaining its full-year guidance
On restructures commercial leadership with two executive appointments
To achieve its long-term, consumer-centric goals, sportswear company On is restructuring its global sales organisation by dividing its current commercial leadership team into two
Fast Retailing raises full-year outlook again after strong third quarter
The Japan-based fashion retailer Fast Retailing has raised its full-year outlook again after reporting strong third-quarter results, driven by Uniqlo’s operations worldwide
Dass Group closes footwear factory in Argentina, lays off 150 workers
After nearly two decades, the Brazilian footwear manufacturer has ended production at its Eldorado plant in Argentina, citing deteriorating market conditions and a loss of competitiveness
Hugo Boss advises shareholders to reject Frasers’ takeover bid
The managing and supervisory boards of Hugo Boss have asked shareholders to reject the offer from the Frasers Group because it is too low and does not reflect the brand’s current and future potential
Former Allbirds CEO is the new President of Sorel
Sorel, the outdoor brand owned by Columbia Sportswear, has announced the appointment of Joe Vernachio as its new president. He joins the brand from Allbirds
Clarks to accelerate European retail expansion
Following the opening of a new store in Italy, the UK-based footwear brand announced plans to open between 15 and 20 new stores across Europe this year
Primark reports sales growth in the third quarter despite retail headwinds
The UK-based fashion retailer has reported a 4% increase in third-quarter revenue, supported by new stores, despite weaker consumer demand across several key markets
Genesco appoints Jonathan Collins as Chief Financial Officer
Following a thorough search, the US-based footwear retailer appointed Jonathan Collins as its Chief Financial Officer. He served in the same position at America’s Car-Mart in the last year
Nike’s fourth-quarter profit surges on tariff recovery
The US-based sportswear company reported a net income increase of more than four times in the fourth quarter, following the expected recovery in US tariffs. However, revenue slipped by 1%
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HSG completes acquisition of majority stake in Golden Goose
HSG has completed its acquisition of a majority stake in Golden Goose, with Temasek and True Light Capital investing as minority shareholders. Permira will also remain a strategic minority investor
Accent Group rejects Frasers' takeover bid
The independent board committee of the Australian sports footwear retailer has urged shareholders to reject a takeover offer from Frasers Group, describing the bid as highly opportunistic
H&M improves profitability in the second quarter despite flat sales
The Sweden-based fashion retailer reported that sales remained broadly unchanged in local currencies in the second quarter, while improved margins and lower costs helped to increase profitability-
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