Latest Articles in Business

Mud Jeans hopes for restart after bankruptcy declaration

Dutch circular denim brand Mud Jeans has been declared bankrupt. CEO Dion Vijgeboom announced this today in a statement on LinkedIn. Vijgeboom writes that the company filed for bankruptcy itself because its debt burden was too heavy. Vijgeboom has been the company's CEO since January. "Today is one of the most difficult days in the history of...

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Safilo Group: sales down 1.9 percent in H1

In the second quarter of 2026, Safilo Group recorded net sales of 239.1 million euros (275.7 million dollars), down 4.5 percent at constant exchange rates. The gross industrial margin was 73.1 percent, up 11.5 percentage points from 61.6 percent. The adjusted EBITDA margin was 20.5 percent, up 9.4 percentage points from 11.1 percent in the same...

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Inditex shares reach new all-time highs, up +40 percent over 12 months

Madrid – Kicking off what is already shaping up to be a particularly good summer for Inditex, the Spanish fashion multinational, owner of popular chains such as Zara, Bershka and Massimo Dutti, has started this August with its shares hitting new all-time highs. This stock market push has, in turn, led the company to also set a new record for...

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Wourth Group purchases sustainable apparel brand Hessnatur

Sustainable apparel brand Hess Natur-Textilien GmbH & Co. KG (Hessnatur) has a new owner. On Tuesday, the company announced it is being sold by Swiss investment firm Capvis to the UK-based textile group, Wourth Group. The acquisition is still subject to “the usual closing conditions, including the approval of the relevant competition authorities...

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LVMH turns the page on Patou: why Bernard Arnault is selling the house he relaunched

Following Marc Jacobs, the group is continuing to refocus its portfolio. Behind the sale of Patou to Dilesh Mehta, a new doctrine seems to be emerging: houses that do not quickly reach the break-even point now have less time to prove themselves. Sometimes, transactions that occur in the middle of summer go almost unnoticed, even though they...

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Amazon surpasses 3 trillion dollars: has Wall Street just answered AI sceptics?

For almost two years, the same question has persistently resurfaced in the financial markets. American multinationals are spending billions of dollars to develop artificial intelligence, but when will these investments actually generate profits? The results published by Amazon last week may offer an initial answer. Wall Street has been quick to...

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Hugo Boss: quarterly sales fall by 10 percent

The Metzingen-based fashion group Hugo Boss AG suffered significant losses in sales and profit in the second quarter of the 2026 financial year, as expected. CEO Daniel Grieder sees the company, which is currently facing a takeover bid from British retailer Frasers Group, as on track with its reform efforts. The second quarter was “another...

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Inditex partners with MIT to transform brewery waste into circular textiles and dyes

Madrid – In the journey towards a more sustainable and circular model, the fashion and textile industries have found an unexpected partner: brewery waste. These materials, previously discarded, are now the subject of research by the Massachusetts Institute of Technology (MIT) and the University of La Coruña. The study, funded by Inditex, will...

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Zalando maintains growth in second quarter and refines forecast

Berlin-based online fashion retailer Zalando SE continued its growth trajectory in the second quarter of the 2026 financial year. The company reported a significant increase in sales and a rise in operating profit on Tuesday. Management has adopted a more cautious outlook for the remainder of the year, refining its forecasts accordingly. Group...

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Salvatore Ferragamo returns to profit in H1; consolidated revenues reach 468 million euros

Salvatore Ferragamo spa reported second-quarter revenues of 259 million euros (298 million dollars). This represents an increase of 2.4 percent compared to the 253 million euros in the second quarter of 2025, up 4.6 percent at constant exchange ratesDT. Consolidated revenues for the first half of 2026 amounted to 468 million euros. This is an...

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Zanatta family increases stake in Tecnica Group to 69 percent

On Friday, an agreement was signed for Italmobiliare to sell a 9.09 percent stake in Tecnica Group to Prime Holding , the Zanatta family's controlling holding company for Tecnica Group, for a total of approximately 50 million euros. Tecnica Group owns several major winter sports and outdoor footwear brands, including Blizzard, Lowa, and Moon...

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Tous profits plummet by 60 percent amid rising gold and silver prices

Madrid – On Monday, August 3, 2026, Spanish jewellery company Tous reported its performance during its last full financial year, 2025. The jewellery and lifestyle brand ended the period with a contraction in sales and a significant drop in net profit. This decline was influenced by three factors: exchange rates, a general increase in raw...