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Uniqlo parent Fast Retailing raises its forecast again and sets its sights on the US

Tokyo - Japanese ready-to-wear giant Fast Retailing (Uniqlo) on Thursday again raised its forecast for its 2025/26 fiscal year. This follows robust first-half profits. The company intends to accelerate its international expansion, particularly in the US, where it is partnering with the leading baseball team, the Dodgers. The Japanese apparel...

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Vinted reaches 1.1 billion euros in revenue for 2025, accepting a strategic drop in profits

International resale platform Vinted has unveiled its annual results for the 2025 financial year. The group reported significant growth in its global business volume, reaching 10.8 billion euros (12.59 billion dollars), a 47 percent increase on the previous year. Revenue totalled 1.1 billion euros, marking a 38 percent year-over-year increase....

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H&M plans to close & Other Stories' French design studio

Paris, France - Swedish ready-to-wear group H&M plans to close the French design studio of its brand & Other Stories. A representative for the brand confirmed this to AFP after the trade union Force Ouvrière raised concerns about the elimination of just under 30 positions. "We must continue to strengthen our business for the long term and ensure...

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Textile recycler Spinnova resumes trial runs at Finnish factory

Finnish textile technology company Spinnova has started test runs at its Woodspin demonstration factory in Jyväskylä, the company announced in a press release. The aim of these trials is to validate its recycling technique, which converts plant-based material into textile fibres, on a larger scale to increase production efficiency and fibre...

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Court ends judicial administration for Valentino subsidiary, according to reports

The court-ordered judicial administration for Valentino Bags Lab SrL, a company belonging to the fashion house Valentino, has been ended early, according to media reports. According to a report by the news agency Reuters, the measure was imposed in May last year because the company, which produces accessories for the Valentino brand, allegedly...

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Fashion without humans? AI models and the future of an industry

A perfect smile, a flawless body, an outfit that fits like a glove. The image looks normal in an online shop; after all, it is a model. Or is it? Increasingly, these images are not created by real people, but by artificial intelligence (AI). Companies are using AI more and more in their online shops, promising speed, efficiency and lower costs....

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European fashion stocks soar following Iran ceasefire

Madrid – Optimism is taking hold of the markets following the hopeful bilateral ceasefire agreed between the governments of the US and Iran in the early hours of Wednesday, April 8, Central European Summer Time. The agreement, reached for the next two weeks, is based on open negotiations for a “definitive” and “long-term” peace deal. It will...

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Puig and Estée Lauder merger moves closer as negotiations advance

Madrid – Since confirming on March 24 that they were in negotiations for a potential merger of their respective businesses, Puig and The Estée Lauder Companies have not provided any new official information. The only exception was a statement in which the Spanish company updated its financial calendar at the end of that week. This has not...

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Trump announces a bilateral ceasefire between the US and Iran

Madrid – Diplomacy has prevailed over conflict following an announcement made in the early hours of this morning, Central European Summer Time, by US president Donald J. Trump. The statement concerns the armed conflict involving the armies of the US, Israel and Iran since February 28. This crisis appears to be on track according to the American...

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Desigual and US fund Enduring Ventures submit binding offers for Pronovias

Madrid – This marks the latest chapter in the turbulent decline of the Spanish bridal fashion group Pronovias, a journey that began with its sale by Alberto Palatchi in 2017 to the British private equity fund BC Partners. This transaction is seen as the root of the financial difficulties the company has since faced. Pronovias is now on the brink...

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E-commerce: China issues new guidelines to regulate platforms under EU pressure

Just days after a historic visit from a delegation of nine MEPs, Beijing published new national strategic guidelines on Monday, April 6, 2026. Amidst reinforced customs duties and a push for “harmonisation with international rules”, China is reforming its ultra-fast fashion model, which has become a major issue in economic diplomacy. Trigger:...

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The 'Deep Fashion' era: when CO2 becomes a key asset for luxury and retail

In 2017, the Kering group announced its intention to reduce its emissions by 50 percent by 2025 through optimisation and offsetting. Nine years later, in 2026, the industry no longer aims to reduce its footprint; it is transforming carbon into a resource. This marks a paradigm shift, with fashion moving from the realm of textiles to that of...