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Morellato Group acquires Italian operations of Fossil Group

Morellato Group has acquired the distribution operations of Fossil Group in Italy. “The deal establishes a new and important synergy between two leading groups in the international watch and jewellery market. Its aim is to further strengthen the presence in Italy of prestigious brands such as: Fossil; Emporio Armani; Armani Exchange; Michael...

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Lookiero-Outfittery merger secures 17 million euro funding round

Lookiero Outfittery Group has closed a 17 million euro investment round. The funding will boost its growth, strengthen its logistics structure and accelerate the development of new artificial intelligence-based features. The round saw participation from new investors including Ekarpen Private Equity and the Spanish Society for Technological...

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Business|Updated

Zalando to close Erfurt site in Germany impacting 2,700 employees

German online fashion retailer Zalando is closing its logistics centre in Erfurt at the end of September, employing 2,700 people. The Berlin-based, Dax-listed company made the announcement. Employees are currently being informed of the plans. According to the company, the reason is a realignment of its Europe-wide logistics network following the...

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Uniqlo parent Fast Retailing raises its forecast for 2025/2026

On Thursday, Japanese ready-to-wear giant Fast Retailing, the parent company of Uniqlo, raised its profit and revenue forecasts for its 2025/26 fiscal year. The company cited robust profits for the September-November period and a turnaround in the Chinese market. The Japanese apparel giant had achieved its fourth consecutive year of record...

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French report outlines plan to tax fast fashion and boost local production

On Wednesday, Clément Beaune, France's High Commissioner for Strategy and Planning, unveiled a strategic study designed to combat the "massive influx" of fast fashion. The report advocates for a tripartite approach: revitalizing French manufacturing, scaling textile recycling, and imposing heavy taxes on low-cost imports. Ahead of the full...

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Restructuring at De Bijenkorf: scope of redundancies yet to be confirmed

Amsterdam - Dutch department store chain De Bijenkorf has announced a further restructuring, confirming a report by the daily newspaper Het Parool to FashionUnited. Positions are set to be cut at the company's head office and in its stores. The exact number of redundancies has not yet been disclosed. On Monday, employees and other company...

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Vietnam: growth accelerates to 8 percent in 2025 despite US tariffs

Vietnam reported an 8 percent growth in its gross domestic product (GDP) for 2025 on Monday, driven by services, construction and exports, despite the impact of US tariffs. “The 2025 GDP is expected to post significant growth, estimated at 8.02 percent compared to the previous year,” the Statistics Bureau said in a statement. For several years,...

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Timely and timeless: Experience new and old mid-range brands and learn about Japanese fashion culture

Japan's mid-market brands offer a compelling alternative in today's fashion landscape, which is dominated by mass production, overconsumption and the display of status on social media. These brands embody a philosophy of high quality, understated style and contemporary relevance. Mid-market brands were once central to the Japanese apparel...

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Business|CEO interview

Gearing up for expansion: Mikuta CEO on wholesale launch, a growing product range and further growth plans

Berlin-based fashion brand Mikuta is gearing up for expansion. Its first international location in the Dutch capital also houses its own showroom, marking the launch of its wholesale business. Following the opening, we spoke with Mikuta's CEO, Christian Goossens, about further growth plans, product range expansion and key markets. Mr Goossens,...

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Bershka to open first US stores in 2026 as Inditex deepens American push

Inditex has confirmed that Bershka will open its first physical stores in the US in 2026, marking a significant step in the group’s long-term expansion strategy in the market. The announcement was made alongside the presentation of Inditex’s results for the third quarter of fiscal year 2025. The launch will make Bershka the third Inditex brand...

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French fashion house Loulou de Saison seeks investment to fuel US and Asia growth

In late 2025 or early 2026, Loulou de Saison plans to open up 20 percent of its capital. This move aims to strengthen the company's structure and accelerate its international development, particularly in the US and Asia. It will also support the opening of new boutiques and the development of strategic partnerships. Loulou de Saison is an...

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Analysis: French ready-to-wear, between collapse and hope

Paris - Under pressure from fast fashion and second-hand fashion, the ready-to-wear sector is faltering: 2025 has been marked by a series of bankruptcies, receiverships and liquidations. However, experts believe a rebound is possible, driven by a renewed focus on brand DNA, innovation and moving upmarket. At the end of this year, the brand IKKS...