Latest Articles in Business

El Corte Inglés reports 8.4 billion euros in revenue and an 11.5 percent profit increase in first half

Madrid – Spanish department store group El Corte Inglés (ECI), which owns fashion chain Sfera among other businesses, has recorded a strong start to the year. This follows the results posted for the first half of its current 2026 financial year. During the six-month period from March 1 to August 31, 2026, the company, chaired by Cristina Á...

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Study: Can luxury brands still raise their prices?

After three years driven primarily by price increases, luxury houses are now spacing out their rate hikes. Several brands have shifted from two price increases per year to just one for their iconic handbags. They are also narrowing price gaps between markets and strengthening their more accessible offerings. These findings come from price...

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Manufacturers, states or algorithms: who will dominate textile industry in 2040?

With the support of the international organisation Forum for the Future, the H&M Foundation unveiled a foresight study on November 11 describing four possible configurations for the textile industry in 2040. Featuring a business-to-business focus, this document aims to offer textile sector executives “a practical tool to test their strategies...

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Safilo sales up 1.6 percent in third quarter

Net sales reached 227.5 million euros, up +1.6 percent at constant exchange rates for Safilo Group S.p.A. (Safilo) in the third quarter. Net sales for the first nine months stood at 739.4 million euros (824 million dollars), down -0.9 percent at constant exchange rates. According to a company statement, a recovery in North America offset greater...

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Inditex and World Bank launch 400 million dollar fund to reduce environmental impact of textile industry

Madrid – The World Bank, through the International Finance Corporation (IFC), has partnered with US investment fund manager Social Investment Managers & Advisors (SIMA) to launch the first blended finance fund to finance the transformation of the fashion industry's supply chain. They plan to endow this investment vehicle with capital of up to...

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On reports record revenue in third quarter

Swiss sportswear company On Holding AG (On) has set another revenue record and significantly increased its profit in the third quarter of the 2026 financial year. Following the latest results, management confirmed its existing full-year guidance on Tuesday. Between July and September, revenue reached 931.4 million Swiss francs (1.135 billion...

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Inditex surpasses 60 euros per share for first time, reaching 189 billion euros in market capitalisation

Madrid – Neither Inditex shares nor the company itself had ever been worth more on the market until the trading session on Thursday, November 5, 2026. While the market awaits the future trajectory of the Spanish fashion multinational and its stock, the day has already become a historic milestone for the Zara owner. This follows its shares...

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Despite revenue growth: Canada Goose reports higher loss in second quarter

Canadian apparel retailer Canada Goose Holdings Inc. increased its revenue in the second quarter of the 2026/27 financial year. However, the Toronto-based down jacket specialist simultaneously recorded a higher loss. According to an interim report published on Thursday, revenue in the most recent quarter ended September 27 totalled 274 million...

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Ralph Lauren raises full-year guidance again following strong second quarter

US fashion group Ralph Lauren Corporation raised its guidance for the 2026/27 financial year for the second time on Thursday following better-than-expected second-quarter results. Net income rose by 43 percent to 296.6 million dollars, boosted by tariff refunds. Adjusted earnings per share increased by 22 percent. In the second quarter ended...

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The Platform Group: nine-month revenue rises by 17 percent

Düsseldorf-based e-commerce group The Platform Group SE & Co. KGaA (TPG) has significantly increased its revenue in the first three quarters of the current 2026 financial year. In light of recent developments, management reaffirmed its full-year guidance on Thursday. From January to September, group revenue reached 622.7 million euros (699.4...

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Lenzing reports revenue decline and higher loss

Austrian fibre manufacturer Lenzing AG experienced a decline in revenue and a higher loss during the first nine months of the current 2026 financial year. However, the company simultaneously managed to improve its operating margin due to extensive reforms. This was revealed in an interim report published by the company on Thursday. According to...

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Bangladesh: textile workers demanding wage increases return to factories

Dhaka - Textile industry workers in Bangladesh largely returned to their factories on Thursday, the day after an agreement in principle was announced regarding the minimum wage increase they had been demanding on the streets since last week. The number of protesters recorded in the morning in the industrial suburbs of the capital, Dhaka,...