Latest Articles in News

OTB's Renzo Rosso: “We must engage with AI, it must be a stimulus”

OTB's theory involves sourcing materials and workmanship within a 20-kilometre radius of the company's headquarters. This concept is to 'Made in Italy' what artificial intelligence and innovation are to the competitiveness and growth of the fashion industry. This summarises the strategy of Staff International, the production and logistics...

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Richemont finalises sale of Baume & Mercier to Damiani Group

On Wednesday, luxury group Richemont, parent company of Cartier, announced it has finalised the sale of watchmaker Baume & Mercier to the Italian Damiani Group. The initial agreement for this private transaction was made public on January 22, 2026. It involves the acquisition of 100 percent of the Swiss brand's shares, with all prerequisite...

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Online sales in France hit new record with 7 percent growth in 2025

Paris - For the seventh consecutive year, online sales set a new record in 2025. Sales were up by 7 percent, with French consumers spending almost 200 billion euros online, the Fédération du e-commerce et de la vente à distance (Fevad) announced on Wednesday. E-commerce is “firmly established in the daily lives of French people,” Marc Lolivier,...

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AB Foods: Primark hit by weak consumer sentiment

Value fashion chain Primark, which is set to be spun off, has recorded a decline in sales in its third quarter. Like-for-like sales fell by 2.2 percent in the three months to June 20, parent company AB Foods announced on Wednesday. Primark was affected by the challenging consumer environment. The British conglomerate, which also operates in the...

Fashion

Inditex donates three million euros to those affected by the earthquakes in Venezuela

Madrid – The Spanish fashion multinational, the Inditex group, parent company of popular chains such as Zara, Bershka and Massimo Dutti, has announced a contribution of three million euros to the programme for people affected by the earthquakes in Venezuela, launched by the Red Cross. According to the management of the Spanish group, Inditex has...

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Safilo Group completes acquisition of Spy+ and Serengeti from Bollé Brands

Safilo Group (Safilo) has announced the completion of its acquisition of Spy+ and Serengeti from Bollé Brands. This follows the signing of the agreement on May 11 and the fulfilment of all customary closing conditions. The consideration for the transaction amounts to 24.6 million dollars. It was financed through the group's available financial...

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Camper acquires Greek footwear brand Ancient Greek Sandals

Madrid – The Majorcan group Camper, parent company of footwear and lifestyle brands Camper and Camperlab, has just announced the acquisition of a majority stake in the Greek footwear brand Ancient Greek Sandals. Following the transaction, it has been specified that the Athens-based brand will continue to operate as an independent company under...

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Farm Rio: Sale or IPO?

Valued at one billion dollars, Farm Rio, owned by Azzas 2154, surpasses its parent company, which is currently valued at 3.8 billion reais. The Rio de Janeiro-based brand, famous for its colourful prints and elegant casualness, accounts for approximately 40 percent of the group's revenue. As previously reported, the Azzas group hired Morgan...

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Nike sees consumers under pressure worldwide

US sportswear group Nike Inc. sees a gloomy mood in the sportswear market overall, despite a business boost from the World Cup. “Our customers are under pressure around the world, and that is being felt in the sportswear business,” said chief financial officer Matthew Friend during a conference call with analysts. Three months ago, Nike had...

People

Peek & Cloppenburg Düsseldorf promotes Dean Sternberg to buying director for womenswear

Düsseldorf-based retailer Peek & Cloppenburg B.V. & Co. KG is filling a key position in its buying department. On Tuesday, the company announced the appointment of Dean Sternberg as buying director women's wear. He succeeds Thekla Tamke in this role, who left Peek & Cloppenburg at the end of March. Sternberg most recently held the position of...

Fashion

Adidas versus Nike: Guerilla marketing ahead of DFB switch

Adidas will soon have to hand over the German national football team to its rival, Nike. At the World Cup, the sportswear giants are teasing each other. Nike could not pass up this perfect opportunity; the pun on the location was simply too good. “Hello New Jersey,” read a huge Jamal Musiala banner that the US sportswear giant's advertising...

Retail

Byan chooses London for its first international store

Spanish womenswear brand Byan is advancing its international expansion plan, opening its first permanent store in London this coming October. According to an exclusive report by British publication Drapers, the store will be located on King's Road in the exclusive neighbourhood of Chelsea. It will span over 75 square metres across two floors and...