Companies
Loro Piana placed under court administration in Italy over worker exploitation
The luxury cashmere label owned by LVMH has been placed under judicial administration for a year due to suspected worker exploitation and insufficient oversight within its supply chain
Uniqlo parent company reports strong nine-month performance
The Japan-based fashion retailer Fast Retailing has reported a strong performance over the first nine months of its fiscal year, reiterating its outlook for the full year
Allbirds signs three new distribution agreements
As part of its strategy to achieve long-term, scalable growth in overseas markets, the US-based footwear brand has signed three new distribution agreements covering several countries in the Eurasian region
Converse set to welcome new President and CEO
Jared Carver, the current CEO and President of the Converse brand, is expected to step down. Nike veteran Aaron Cain is allegedly set to take on the leadership role
Dr. Martens kicks off the year in line with expectations
In its latest trading update, the UK-based footwear company reiterated its guidance for the full year 2026, with performance from the start of the year remaining in line with expectations
Gerry Weber closes all its stores, sells trademark rights
The German fashion retailer is closing all its stores in Germany and Europe while selling its trademark rights to Spanish retailer Victrix. This follows its third insolvency in a few years
Leder & Schuh reports moderate growth in 2024
The Austrian footwear retailer reported a moderate year-on-year sales growth of 1.1% in 2024. This was driven by store expansion, a new private label launch, and product range optimisation
Amazon reaches robot milestone, debuts new generative AI model
The US-based e-commerce giant has announced that it has deployed its one millionth robot and that its entire fleet will be powered by a newly launched generative AI model
Portuguese brand Caina debuts with a line of timeless bags
This new Portuguese handbag brand aims to promote women’s empowerment by combining practicality with elegance and timelessness. It was launched on the 30th of May
Primark plans significant workforce cuts
The international retailer plans to reduce staff in key support functions, impacting about 7% of Dublin HQ jobs, as it restructures to maintain competitive pricing and invest in overseas markets
Nike reports fourth-quarter and full year results
The US-based sportswear company saw declines in revenue for both the quarter and full year, but remains hopeful, repositioning through a sport-focused strategy to renew consumer connection
adidas names Markus Morent to lead Korean Market
The German sportswear company appoints Markus Morent as head of adidas Korea, signalling renewed focus on consumer experience and growth as the company posts strong early 2025 results
H&M reports first half progress
Despite reporting only a slight increase in sales in the second quarter and the first half, Daniel Ervér (CEO) highlighted the progress that the Sweden-based fashion group is making towards achieving healthier profitability
Bata Group appoints Panos Mytaros as CEO
The Swiss-based footwear group has appointed the former CEO of Danish group Ecco, Panos Mytaros, as its new head. He will join in September, taking over from Sandeep Kataria
Havaianas with new distribution model in North America
Alpargatas has entered into a supply chain and distribution agreement with the Eastman Group for its flip-flop brand in North America. This marks a shift from a direct operations to a distributor model
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