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Pronovias enters administration for its sale to Cap Capital

Madrid – The pre-arranged steps for the swift acquisition of Pronovias by Cap Capital continue to be strictly followed. The leading global company in the bridal fashion sector has now been placed into administration. This is part of the “pre-pack” administration process that will conclude with its sale to the British investment group. According...

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DSSLR, founded by Puma founder's grandson, initiates insolvency proceedings

DSSLR GmbH, the company founded by Christoph Dassler, has filed for insolvency. Preliminary insolvency proceedings were initiated last week for the Herzogenaurach-based sportswear brand. The responsible Nuremberg District Court announced the proceedings. Jochen Zaremba, a lawyer from the Nuremberg-based restructuring firm Schwartz, has been...

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Giambattista Valli regains control of his fashion house

Italian designer Giambattista Valli is regaining full control of his Parisian fashion house. According to reports from WWD, an agreement has been reached to buy back all shares held by Artémis, the investment holding company of the Pinault family. This transaction marks the end of a multi-year financial collaboration and signals the return to...

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Vox Populi and Shein create a scholarship for fashion students from modest backgrounds

The association Vox Populi and ultra-fast fashion brand Shein are partnering to create 'Future Fashion Talents', a scholarship designed to help young French people in precarious financial situations fund their studies at fashion schools. After launching Pop’Skills, a fashion programme for young people from disadvantaged neighbourhoods, the...

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From heir to suspect: Jonathan andic faces uncertain future at Mango amid homicide probe

Madrid – Jonathan Andic, eldest son of Mango founder Isak Andic and currently the family’s sole representative on Mango’s board as non-executive vice president, faces an uncertain future after being arrested on Tuesday, May 19, in connection with his father’s death. A magistrate has formally named him as a homicide suspect, citing a “body of...

Fashion

CPHFW New Talent: Studio Constance joins support programme for SS27

Copenhagen Fashion Week announced the designers and brands for the spring/summer 2027 edition of its CPHFW New Talent support programme on Thursday. As part of the programme, which is supported by Pandora, Studio Constance will be newly admitted. It joins existing labels Stem and Anne Sofie Madsen, who will present their second and third and...

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European luxury fashion brands renew their focus on the American market

New York - From Gucci in the middle of Times Square to Chanel on a New York subway platform, Europe's most prestigious fashion houses are staging an increasing number of spectacular shows in the United States. The US is a market that is both a priority and a trendsetter. Dior, which presented a collection with retro accents and American flag...

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Football shirts drive sales as retailers bank on world cup effect

Despite a slump in consumer spending, major specialist sports retailers in Germany are hoping for a boom from the Football World Cup. The tournament in the USA, Canada, and Mexico, which begins on June 11, is expected to lift spirits and boost sales of football shirts, fan merchandise, and team sports equipment. This was reported unanimously by...

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Despite a struggling luxury market, Chanel returns to growth in 2025

Paris - Chanel returned to growth in 2025 thanks to demand in Europe and the Americas, performing well amidst a slowdown in the global luxury market. The company reported a turnover of 19.3 billion dollars (up 3 percent, and 1.8 percent on a like-for-like basis), boosted by growth across all its activities, it stated in a press release on...

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Marc Cain's incoming leader Patric Spethmann: “It’s not just about appointing a new CEO”

Patric Spethmann will become the new CEO of Marc Cain in June. In choosing the former chief operating officer of Marc O'Polo, company founder Helmut Schlotterer hasn't opted for a notorious high-profile leader from the fashion industry, known for being in the limelight or for spectacular turnarounds. However, Spethmann's profile promises to be...

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In Kinshasa, tailors rejuvenate the 'abacost', the DRC's emblematic suit

Sewing machines whirred across bold fabrics at a Kinshasa atelier where Congolese tailors and their style-savvy customers have revived a suit long associated with life under a dictator. The "abacost" has a closed-front jacket, often with a Mao-style collar and worn without a tie, ideal for the sweltering equatorial heat. It was the signature...

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LuxExperience confirms annual forecast – Mytheresa reports revenue growth

Munich-based luxury e-commerce retailer Mytheresa remains the growth engine for its parent company, LuxExperience B.V., in the third quarter of 2026. The parent company was newly formed around a year ago following the acquisition of e-commerce specialist Yoox Net-A-Porter (YNAP). Mytheresa's business continues to grow faster than the market,...