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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...

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Lectra reports lower Q1 revenue but anticipates a rebound in the second quarter

Lectra, a specialist in technological solutions for the fashion industry, unveiled its financial results for the first quarter of 2026 at the end of April. The company reported a decline in revenue amidst an unstable global macroeconomic climate. This was partially offset by the strength of its software subscriptions. Revenue impacted by trade...

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Carlyle seeks to sell its stake in Spain-based Jeanologia

Madrid – Following its initial investment in the Valencia-based company in early 2019, US investment firm Carlyle has reportedly decided to fully divest from Jeanologia. Carlyle also holds investments in other prominent Spanish and fashion sector companies, such as Codorniu and the Italian brand Golden Goose. Jeanologia specialises in...

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Primark commits to 85 million euro investment in Spain and Portugal

Madrid – As part of its sustained commitment to the Spanish and Portuguese markets, Primark's management for Iberia has just announced an investment of over 85 million euros (100 million dollars) in its businesses in both countries. These funds will be used for the refurbishment of part of its current store portfolio and for the opening of new...

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Restructuring: LVMH could sell Marc Jacobs and its stake in Fenty Beauty

The plan, which was already announced in July 2025, now seems to be taking shape. American label Marc Jacobs could soon no longer be part of the LVMH group's portfolio. According to a report by the Financial Times, LVMH is considering the sale of the fashion brand, as well as cosmetics and alcoholic beverage brands, as part of a major...

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Zalando increases quarterly revenue by almost 24 percent following About You acquisition

Berlin-based online fashion retailer Zalando SE has closed the first quarter of the 2026 financial year with a significant increase in revenue and operating profit, as expected. However, negative one-off effects resulted in a significant net loss. In light of the current results, published on Wednesday, the management maintained its annual...

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Corporate insolvencies in Western Europe reach record high

Berlin - The economic crisis is having serious, and for many, existential consequences for companies in Western Europe. According to the credit agency Creditreform, the number of corporate insolvencies rose last year to its highest level since records began in 2002. In 2025, a total of 197,610 insolvencies were recorded, an increase of 4.8...

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Elie Saab signs deal with Elisabet for girl's footwear

Marche-based company Elisabet has signed a licensing agreement with Elie Saab for the design, production and worldwide distribution of a girl's footwear line, debuting with the spring/summer 2027 collection. “This partnership reflects a clear strategic desire to develop and expand the childrenswear category, strengthening Elie Saab Kids as a...

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Le Coq Sportif exits Spanish market with 2.5 million euros in debt

French sportswear brand Le Coq Sportif has decided to close its Spanish operations after its subsidiary in the country filed for bankruptcy. According to Modaes, the Spanish company has liabilities of around 2.5 million euros (2.69 million dollars), which has led to the cessation of its direct activities in the market. The closure affects a...

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Amazon launches its own logistics service, competing with industry giants

Amazon announced on Monday the launch of a logistics service independent of its e-commerce platform, a move set to shake up the major players in the sector. Having initially relied on transport and delivery specialists, Amazon has gradually developed its own supply chain since the mid-2000s to better control its costs. Today, the Seattle-based...

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Hugo Boss: quarterly profit drops by more than half

The Metzingen-based fashion group Hugo Boss AG suffered significant declines in sales and profit in the first quarter of the 2026 financial year. Management attributed this to the challenging environment and the “targeted refocusing of brands and distribution channels” as part of its ongoing ‘Claim 5 Touchdown’ reform programme. The results,...

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Has luxury underestimated its customers' intelligence? An uncompromising analysis by Alessandro Maria Ferreri

After a period of post-pandemic euphoria driven by a thirst for 'revenge' spending, the luxury industry is now facing a reality check. Caught between price inflation disconnected from product value and a structural creativity crisis, high-fashion houses are at a crossroads. Alessandro Maria Ferreri, founder of The Style Gate and an engineer by...