Latest Articles in Business

Victoria’s Secret raises full-year forecast after surprisingly strong first quarter

US lingerie retailer Victoria’s Secret & Co. exceeded its own targets and analysts' expectations in the first quarter of the 2026/27 financial year. The management subsequently raised its full-year forecast on Tuesday. In the 13 weeks to May 2, the parent company of the Victoria’s Secret, Pink and Adore Me brands generated sales of 1.56 billion...

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Business|Artificial intelligence

Spanish AI platform Modelia closes 1.2 million dollar funding round to scale operations

Madrid – Modelia, the Spanish international business-to-business (B2B) platform specialising in AI-generated image creation and management for the fashion industry, has announced the successful completion of a 1.2 million dollar seed funding round. The capital will be used to drive and further scale its operations, with the US currently standing...

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Business

On reveals its strategic plan for Spain

Madrid – On Running, or simply On for true sports enthusiasts, celebrated the final of its ‘On Squad Race’ initiative in Barcelona this past weekend, featuring teams from France, Italy and Spain. The relay competition has been promoted globally by the brand. FashionUnited had the privilege of participating first-hand, an experience that provided...

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Business

Puig to present its new strategic plan on October 28

Madrid – In one of the week's major business stories, Puig held its 2026 Annual General Meeting last Friday, May 29. The meeting proceeded as planned, with shareholders approving every item on the agenda. These items ranged from the approval of the group's financial and non-financial statements for the 2025 financial year to the renewal of its...

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Business|CONGRESS

Data as new raw material: European textile industry redefines its digital future

The Textile ETP Annual Assembly brought together over one hundred professionals from the textile industry at the Amsterdam Fashion Institute (AMFI) last week. Researchers, engineers, innovation managers and technology companies attended the event. It was marked by the challenges of an industry seeking to redefine its future amidst regulatory...

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Business

Amazon announces "three new logistics sites" in France

Paris - Amazon plans to invest more than 15 billion euros (17.49 billion dollars) in France over three years. The company announced on Monday "three new logistics sites" intended to create 1,000 permanent jobs. These will be in addition to the more than 7,000 already promised by the company in early May. "Amazon is strengthening its presence...

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Business|Interview

Textile production in Germany: “Inventing Industry 7.0” at Textile Factory 7.0

The German government-funded future project, “Textile Factory 7.0” (T7), launched almost a year ago. It is a collaboration between the University of Applied Sciences Hochschule Niederrhein (HSNR) and other stakeholders from research, business and local authorities. The ambitious goals were announced in July 2025 already: Production and business...

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Business

Zalando's agreement with Vestiaire Collective officially launches the 'new new' era

This Thursday, the platforms Vestiaire Collective and Zalando announced a partnership that pushes the boundaries of the resale market. By partnering with a powerful e-commerce player, capable of selling pre-loved items in 14 European markets to millions of visitors, Vestiaire Collective is ushering second-hand fashion into a new era: that of the...

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Business

Ganni acknowledges progress and outstanding goals in its 2025 responsibility report

Danish fashion brand Ganni has published its 2025 Responsibility Report, which concludes its Gameplan 2.0 (2023–2025) sustainability strategy and introduces Gameplan 3.0, the new framework that will guide its environmental and social commitments until 2028. The document outlines unmet goals, structural barriers yet to be resolved and a...

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Business

Le Coq Sportif redefines its Iberian game with a distribution partner

The French brand Le Coq Sportif has signed a strategic agreement with Albion 1879 SL to drive its growth in the Iberian Peninsula. The focus will be on Spain and Portugal, aiming to accelerate its consolidation in the premium sport lifestyle segment. The move follows the company's restructuring after its Spanish subsidiary entered insolvency...

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Business

EU imposes 200 million euro fine on online retailer Temu

The European Commission has imposed a 200 million euro fine on the Chinese online marketplace Temu for illegal products. The Brussels authority announced that the company had failed to properly assess the risks and damages to consumers. This is a particularly serious breach of the Digital Services Act (DSA). Consumers in the EU were highly...

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Business

Zalando expands pre-owned offering through partnership with Vestiaire Collective

Vestiaire Collective is bringing second-hand luxury fashion to Zalando. The Berlin-based online retailer and the French resale platform have entered into a partnership, the two companies announced on Thursday. A hand-checked selection of second-hand luxury items will now be available on Zalando. The collaboration will be rolled out in 14...