Latest Articles in Business

EU Circular Economy Act: what the new legislation means for fashion and textiles

The Circular Economy Act (CEA) is a legislative proposal by the European Commission (EC) designed to accelerate the transition towards a circular economy within the European Union (EU). It aims to achieve this by promoting recycling, reuse, waste recovery and the development of the secondary raw materials market. For the fashion sector, this...

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LuisaViaRoma liquidation: bids for luxury fashion retailer open until November 8

There are roughly ten days left until the close of the public auction set for LuisaViaRoma. The Florence-based company, located at 61 Via Benedetto Varchi, is officially up for auction. The starting price is set at 18.8 million euros (20.94 million dollars) as part of a simplified liquidation arrangement managed by the Court of Florence....

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Puig’s shares slide on Vision 2032 unveiling amid Parfums de Marly rumors

Madrid – Spanish fashion and beauty multinational Puig Group experienced a turbulent day this Wednesday, October 28, as it held its first “Capital Markets Day” as a listed company and presented its new roadmap to 2032. The strategic plan was met by the markets with a -2.66 percent drop in its share valuation. This occurred amid rumours of its...

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Puig unveils Vision 2032 strategy targeting 8 billion euros in net sales

Madrid – Following a postponement prompted by talks regarding a potential, and ultimately unsuccessful, merger with The Estée Lauder Companies, Puig finally held its first “Capital Markets Day” as a listed company on Wednesday, October 28. The historic, century-old Spanish group used this investor day to unveil its new strategic plan. The...

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VF Corporation exceeds expectations in second quarter

US apparel group VF Corporation (VF Corp) exceeded its own expectations in the second quarter of the 2026/27 financial year. In light of the latest figures, the parent company of brands such as The North Face, Vans and Timberland confirmed its full-year guidance on Wednesday. From July to September, group revenue amounted to 2.7 billion dollars....

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Artiso, AI platform founded by 3 former Mango executives, raises over 3 million euros in pre-seed round

Madrid – Launched just over one year ago, artificial intelligence (AI) platform Artiso has been operating in stealth mode away from the public eye. Founded by three former Mango executives, the company is now entering a new stage of development after successfully closing a pre-seed funding round of over three million euros (3.34 million...

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Inditex shares climb ahead of second annual dividend payment

Madrid – Spanish fashion multinational Inditex is preparing to pay out just over 2.73 billion euros (3.04 billion dollars) to its shareholders on Monday, November 2. This amount corresponds to the second dividend payment agreed from the 2025 financial year results. The upcoming distribution has “revived” the company's share price, which has...

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Only 27 percent of delivery companies state delivery date before checkout

Research by US delivery software company FarEye reveals that only 27 percent of logistics and delivery companies in Europe, the Middle East and Africa (EMEA) inform customers of the expected delivery date before checkout. At the same time, 43 percent offer same-day or express delivery. FarEye presented the research findings during a meeting in...

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Inditex, Mango trade body calls for measures to prevent Barcelona unrest

Madrid – Following the riots that devastated the centre of Barcelona this past weekend, the Asociación Retail Textil España (Arte), the trade association for major fashion and footwear chains operating in Spain, has publicly expressed its support for all retailers affected by this episode of violence. The organisation has voiced this defence...

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Prada delivers resilient nine-month results with net revenues of 4.54 billion euros

Prada SpA recorded net revenues of 4.54 billion euros (5.08 billion dollars), up 15 percent year-over-year (+4 percent organic), in the first nine months of 2026. Retail sales amounted to 3.93 billion euros, up 11 percent YoY (+2 percent organic). “Prada delivered a solid performance, with retail sales up 2 percent over the period and a positive...

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Zegna Q3 revenue rises 8.9 percent bolstered by strong Americas and retail sales

The Italian fashion group Ermenegildo Zegna NV continued its growth trajectory in the third quarter of the 2026 financial year. According to preliminary figures published by the company on Thursday, group revenue for the period from July to September reached 433.8 million euros (485.9 million dollars). This represents an increase of 8.9 percent...

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Hermès posts 5.5 percent Q3 sales growth driven by Europe and Americas

French luxury group Hermès reported a 5.5 percent increase in third-quarter revenue on Thursday, supported by Europe, the Americas and Japan. The company also confirmed its full-year forecast “despite the deteriorating macroeconomic and geopolitical environment”. Known for its silk scarves and leather handbags, the brand saw sales reach...