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Multiply approves integration of Two Point Zero and Ghitha, boosts valuation to 28 billion euros

Madrid – Following the news reported by FashionUnited last week, an extraordinary General Shareholders' Meeting for Multiply Group, the parent company of Tendam, was held this Monday at its Abu Dhabi headquarters. The meeting was convened to address the complex financial transaction for the integration, via acquisition, of two Emirati companies...

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An eye on payments: Ant International introduces iris payment via smart glasses

Ant International is integrating iris authentication into GlassPay, its smart glasses payment solution on the Alipay platform, for the first time. The Singapore-based financial technology company announced on Thursday that this new technology aims to make payments more secure and the shopping experience more seamless. It complements existing...

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Patagonia publishes first impact report: “We are still a work in progress”

Outdoor brand Patagonia, often cited as an example in sustainability, is publishing its first full impact report after more than half a century of successful business. The title, Work in Progress Report 2025, is well-chosen. The 130-page document shows both the progress and the failures of the brand that claims to be “in business to save our...

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BasicNet acquires outdoor apparel brand Woolrich

Woolrich is joining the brand portfolio of Turin-based BasicNet. The company, which already owns the Kappa, Robe di Kappa, K-Way, Superga, Sebago and Briko brands, has reached an agreement to acquire the Woolrich brand. The historic American brand, founded in 1830, symbolises authenticity, quality and outdoor tradition, and is being acquired...

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Geox reports 6.2 percent revenue decline in first nine months

Geox spa, a company listed on the Euronext Milan market managed by Borsa Italiana, has closed the first nine months with consolidated revenues of 492.8 million euros. This represents a decrease of 6.2 percent compared to the previous year (-6.3 percent at constant exchange rates). Excluding the impact of branch closures in China and the US, the...

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On in running for record third quarter

Swiss sportswear company On Holding AG has achieved new record results in the third quarter of the 2025 financial year, exceeding market expectations. Given the strong momentum, management raised its annual forecasts again on Wednesday. Revenue for the period from July to September amounted to 794.4 million Swiss francs. This represents a 24.9...

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Second-hand: When reselling becomes more effective than traditional digital tools

After years of expansion driven by online advertising and social media, brands are now reaching a financial point of no return: customer acquisition cost. According to Datareportal and Statista, the cost of a conversion via Meta Ads climbed by 61 percent between 2021 and 2024, while Google Ads increased by 44 percent. At the same time,...

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Puma streamlines North America distribution through licensing partnership with United Legwear

German sportswear company Puma SE is implementing a new distribution model for specific product categories in North America as part of its ongoing reform efforts. On Tuesday, the company announced an extension of its long-standing licensing partnership with the US textile manufacturer United Legwear Company LLC. As part of the agreement, United...

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OVS to acquire homeware provider Kasanova

The Italian retail group OVS SpA (OVS) aims to strengthen its presence in the homeware segment, where its Upim chain is already active with the brand Croff. On Monday, OVS announced a binding offer for the complete acquisition of homeware provider Kasanova SpA. Speculation about such a transaction has been circulating since this summer. Kasanova...

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Euratex sounds the alarm and calls for an urgent industrial strategy

The European textile and apparel sector comprises 192,000 companies and 1.3 million employees, generating an annual turnover of 167 billion euros. The industry is now warning of an imminent loss of competitiveness. In a joint statement issued in Brussels on November 11, 2025, Euratex (the European Apparel and Textile Confederation) and...

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The Lycra Company opens second production facility in China

US fibre manufacturer The Lycra Company opened its largest spandex factory in the world in the Chinese city of Yinchuan on Friday. “This milestone underscores the company's continued investment in the Chinese market and highlights its strong commitment to building localised supply and distribution networks, as well as promoting advancements in...

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Istituto Marangoni Paris and Elie Saab partner on a scholarship for young fashion designers

“Crafting New Couture”: Lebanese couture house Elie Saab is participating in a scholarship created by Istituto Marangoni Paris for young fashion designers. The scholarship aims to support and inspire the next generation of fashion designers. It also encourages a reinterpretation of couture that blends tradition with innovation. Candidates were...