Home

News

Business

Latest Articles in Business

Blanche Copenhagen faces closure after insolvency

Danish womenswear brand Blanche Copenhagen appears to be on the brink of closure. After the company had to file for insolvency in June, the journey has come to an end for Bjørn Krøyer. Krøyer joined as an investor two years ago and then took over the management of the company. The CEO announced the closure on Thursday on the career network...

Member

Business

Crocs reports operating loss of 428 million dollars

Crocs, Inc. reported a substantial decline in operating profit for the second quarter of its financial year. The company swung from a profit of 326 million dollars to a loss of 428 million dollars. This represents a decrease of 231.2 percent. In the quarterly report, Crocs, Inc. CEO, Andrew Rees, explained the figures. Due to uncertain and...

FeaturedMember

Business

Ralph Lauren starts new financial year with strong growth

US fashion group Ralph Lauren Corporation (Ralph Lauren) achieved unexpectedly strong growth in sales and earnings in the first quarter of the 2025/26 financial year. As a result, the company raised its forecasts for the full year on Thursday. In the first quarter, which ended on June 28, group revenue reached 1.72 billion dollars. This exceeded...

Member

Business

Hanesbrands exceeds expectations in second quarter

US textile group Hanesbrands Inc. presented surprisingly strong results for the second quarter of the 2025 financial year on Thursday. In light of the positive development, the company set higher targets for the full year. In the past quarter, which ended June 28, group revenue from continuing operations amounted to 1.29 billion dollars. This...

Member

Business

Kontoor Brands raises sales forecast after strong quarterly figures

US apparel supplier Kontoor Brands Inc. achieved unexpectedly strong growth in sales and earnings in the second quarter of the 2025 financial year. As a result, the company updated its annual forecasts on Thursday. In the period from April to June, consolidated revenue amounted to 658.3 million dollars. This represented an increase of 8 percent...

Member

Business

Regenerative agriculture in fashion: Kering and Inditex's fund expands its global reach

The Regenerative Fund for Nature, driven by Kering and Inditex in collaboration with Conservation International, has already integrated over 1.1 million hectares of agricultural land into regenerative agriculture projects across eight countries. It plans to expand to five more. This progress marks a significant expansion in both the fund’s...

Member

Business

Jewellery brand Pandora latest victim of cyberattack

Danish brand Pandora, one of the largest global companies in the jewellery sector, has been the victim of a cyberattack. Although the company has clarified that no bank details or postal addresses have been compromised, personal information such as email addresses has been stolen. Pandora's case adds to a series of recent incidents that have...

Member

Business

ABG refutes claims of selling Reebok to Anta Sports

Authentic Brands Group (ABG) has dismissed rumours of a potential sale of its Reebok brand to the Chinese company Anta Sports. According to an internal memo obtained by Footwear News, ABG has no intentions of divesting the brand. The memo states, “Authentic has no plans to divest Reebok - not now, not ever,” and affirms the company's commitment...

Member

Business

Lenzing reports revenue growth and profitability in H1 2025

Austrian fibre producer Lenzing AG achieved revenue growth in the first half of the 2025 financial year. Thanks to successful reforms, the company has returned to profitability. Recently, however, Lenzing AG has felt the effects of the increasingly difficult economic climate. "In the second quarter, however, international customs measures and...

Member

Business

Nextil sells Portugal production facilities in 4.4 million euros deal

Madrid – Spanish textile multinational Nextil, which currently operates its main production hubs in Portugal and Guatemala, is continuing to optimise its business model with the sale of all its production facilities in northern Portugal. This transaction, executed under a sale and leaseback agreement, allows the company to continue operating at...

Member

Business

Claire's files for bankruptcy in the US and several other countries

Fashion jewellery group Claire's placed its US operations and several of its subsidiaries operating stores as part of the Claire's and Icing brands under Chapter 11 bankruptcy protection on July 28, 2025. In a statement, Claire's said that bankruptcy proceedings would also be initiated in Canada. The company did not provide a specific timeline....

Member

Business

Greenwashing: Shein responds to million euro fine in Italy

Following a one million euro fine from the Italian Competition Authority, the Asian fast-fashion e-tailer Shein has shown remorse. In response to an enquiry, Shein stated that it had "immediately taken all necessary measures to address the criticisms raised". The Italian authority accused Infinite Styles Services Co Ltd, responsible for Shein in...