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Safilo signs agreement to acquire Spy+ and Serengeti from Bollé Brands

Yesterday, Safilo Group announced in a statement that it has signed a share and asset purchase agreement (SAPA) with Bollé Brands for the acquisition of Spy+ and Serengeti. The transaction follows the exclusivity agreement announced on April 21. It represents a further step in Safilo's strategy, which is focused on the selective acquisition of...

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Minelli receives half a dozen mostly partial takeover bids

Paris (France) - The administration of footwear brand Minelli has resulted in half a dozen mostly partial takeover bids. These offers often include a few stores or just the brand name without its employees. This was confirmed by the Paris Commercial Court's website, following a report from French digital media outlet l'Informé. Potential buyers...

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Marimekko increases quarterly profit by a quarter

The Finnish textile group Marimekko Corporation achieved a sales increase and significantly boosted its profit in the first quarter of the 2026 financial year, despite challenging conditions. This was primarily due to strong growth in its international business. According to an interim report published on Wednesday, sales in the period from...

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Brazil eases tax burden on cross-border e-commerce ahead of elections

Brazil's president, Luiz Inácio Lula da Silva, repealed a tax on Tuesday on purchases under 50 dollars made through e-commerce platforms such as China's Shein or Temu, a move aimed at consumers just months before seeking re-election. In 2024, Lula had decreed a 20 percent surcharge, known as the "taxa das blusinhas" (blouse tax), on these...

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Armani brings its residential business to Marbella with Rafa Nadal and Matutes

The Armani Group announced on Monday the launch of Armani Residences Marbella, its first residential project in Spain. The venture is a partnership with Sierra Blanca Estates and Palya Invest, the firm led by athlete Rafael Nadal and Abel Matutes, a Spanish entrepreneur and former politician with long-standing ties to the tourism and hotel...

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Waste colonialism in the second-hand clothing trade: findings from Fashion for Good's research

Fashion for Good is publishing the initial results of Project Rewear, which was launched in 2024 to analyse second-hand clothing streams, with a view to viable recycling and resale. The non-profit was founded in 2017 with support from the Laudes Foundation (formerly the C&A Foundation). It now collaborates with fashion partners such as Adidas...

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On raises profit forecast after record quarter

Swiss sportswear provider On Holding AG (On) has continued its growth trajectory in the first quarter of the 2026 financial year. On Tuesday, the company announced record sales and raised its profit forecast. In the period from January to March, sales amounted to 831.9 million Swiss francs (1,065.3 million dollars). This represents an increase...

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Audemars Piguet becomes official timekeeper of Qatar Airways Premier Padel Tour

Swiss haute horlogerie manufacturer Audemars Piguet is strengthening its commitment to premium sport by entering the professional padel circuit through a dual strategic alliance. The brand becomes the official timekeeper of the Qatar Airways Premier Padel Tour and, at the same time, has signed a collaboration with Spain's Agustín Tapia, the...

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Inditex and perfumer Jo Malone reject The Estée Lauder's brand infringement allegations

Madrid – Late last week, new information emerged about the legal battle initiated by the US-based The Estée Lauder Companies against British perfumer Jo Malone and Spanish fashion giant, the Inditex Group. The company accuses the perfumer and the fashion group of infringing the rights of the Jo Malone London brand, which has been owned by Estée...

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Safilo: sales reach 273 million euros in first quarter

Net sales for Safilo reached 272.9 million euros (320.5 million dollars) in the first quarter of 2026, an increase of 0.4 percent at constant exchange rates. “The first quarter of 2026 confirmed the continuity and strength of our operational and financial performance. Our resilient business model is supported by a solid brand portfolio and...

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Creative circularity: how LVMH is turning recycling and repairs into a revenue stream

LVMH has generated 500 million euros in revenue from recycling and repairs. This represents ten million products repaired, refilled, or taken back in 2025 across all of the group's houses. It is the first quantified assessment of the gains achieved under its Corporate Social Responsibility (CSR) policy and Life 360 programme. These figures were...

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Kontoor Brands reports strong first-quarter growth and announces separation from Lee

US apparel group Kontoor Brands Inc. has started the new 2026 financial year with surprisingly strong results. Alongside the latest figures, the group also announced on Thursday its plan to separate from the Lee brand. Several parties have already expressed interest in the denim label as part of the sales process already initiated, according to...