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France: one in five online clothing purchases is from ultra-fast fashion

During Fashion Reboot 2025, Gildas Minvielle, Director of the Economic Observatory at the Institut Français de la Mode (IFM), delivered his annual report. Below are the primary insights regarding the shifts in the French fashion market from 2024 to 2025. Total turnover for the apparel and textiles sector in France fell by 1.3 percent between...

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Business|Updated

Hugo Boss defends supervisory chair after Frasers Group pulls backing

The chairman of the supervisory board at Hugo Boss has lost the backing of the fashion group’s largest shareholder, Frasers Group, intensifying tensions at the top of the German luxury apparel company. In a mandatory announcement published late Friday, Frasers Group said it no longer supports Stephan Sturm in his role as supervisory board chair....

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Business|In Pictures

Fashion Reboot IFM 2025: French fashion seeks balance amid Chinese pressure and market disconnect

Fashion Reboot IFM 2025 highlights the major upheavals French fashion players are experiencing. These include a shifting political and economic landscape; pressure from Chinese industrial platforms, epitomised by Shein; and drastic changes in consumer habits. These were the key takeaways from the Fashion Reboot 2025, hosted by the Institut Franç...

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Golden Goose Group: Net revenues up 13 percent in nine months

Golden Goose Group has filed its results for the first nine months ending September 30, 2025. The company achieved consistent revenue growth and an acceleration of the direct-to-consumer channel in the third quarter. Net revenues for the nine months amounted to 517.1 million euros, an increase of 13 percent compared to the same period in 2024....

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Nextil welcomes Maxum to capital structure, launches circular fashion vertical NextGreen

Madrid – Nextil Group continues its journey towards growth and improved profitability. The Spanish textile multinational has announced a new strategic agreement with US-based Maxum International Group. This binding partnership strengthens existing ties between the two companies. It guarantees support for the launch and growth of NextGreen, a new...

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Giorgio Armani names new board of directors

The new board of directors of Giorgio Armani SpA is fully operational. It is composed of Pantaleo Dell’Orco (president), Silvana Armani (board member), Andrea Camerana (board member), Giuseppe Marsocci (chief executive officer and general manager), Marco Bizzarri (board member), John Hooks (board member), Federico Marchetti (board member) and...

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SMCP Group announces sale of over 50 percent of capital

Fashion group SMCP (Sandro, Maje, Claudie Pierlot and Fursac) announced on Thursday the sale of shares representing up to 51.2 percent of its capital. The process is expected to take “several months” and could allow the company “to stabilise its shareholding structure”. Context This announcement follows the forced return of 15.5 percent of SMCP’...

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AI, AI, who is the most stylish in the land?

Artificial intelligence (AI) is no longer just a technical tool. It is becoming a constant companion in the daily lives of many consumers, fundamentally changing the relationship between people and brands. According to the latest Accenture study, “Consumer Pulse 2025”, around 30 percent of active users already trust AI tools for shopping and...

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Takeover speculation sparks share price surge at Puma

Takeover rumors helped Puma shares achieve a spectacular price jump on Thursday once again. The share price, which has been disappointing in the stock market year 2025 so far, shot up by more than 17 percent to just under 20 euros. The gain recently stood at 15 percent. The Chinese group Anta Sports Products Limited (Anta Sports) is considering...

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Amnesty International calls on textile giants to protect workers' rights

On Thursday, the NGO Amnesty International called on global textile companies and the governments of four Asian countries to take action to protect workers' rights and ensure decent wages. In two reports published on Thursday, the NGO states that fashion brands manufacturing in India, Bangladesh, Pakistan, and Sri Lanka must urgently take...

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Frasers Group acquires Hervis stores in Hungary and Romania

Austrian sporting goods retailer Hervis, owned by the Spar Group, is withdrawing from two markets. Hervis Sport- und Modegesellschaft mbH has concluded an agreement with Frasers Group (European Holdings) Limited, part of the UK retail group Frasers Group Plc, regarding the sale of the companies Hervis Hungary (Hervis Sport és Divatkereskedelmi...

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Kering launches “House of Dreams”: why this internal fund is at the heart of its strategic overhaul

Kering has quietly laid a major cornerstone of its transformation strategy. Luca de Meo, appointed chief executive officer (CEO) in June, has proposed the creation of a new investment entity named House of Dreams. This entity is designed to identify, acquire stakes in, and grow emerging brands to reduce the group's heavy dependence on Gucci. The...