Home

News

Business

Latest Articles in Business

Safilo Group sales up 1.8 percent at constant exchange rates in FY 2025

Preliminary sales for 2025 reached 983.4 million euros (1.2 billion dollars) for Safilo Group. This represents a growth of 1.8 percent at constant exchange rates, following a fourth quarter that saw a 0.4 percent increase compared to the same period in 2024. At current exchange rates, sales recorded a 1 percent decline for the year and a 4.6...

Member

Business

EME Studios' expansion: new womenswear collection and international stores in 2026

Valencia - When a company achieves meteoric success, there is always a fascination with the "secret sauce." Questions inevitably follow: where did the spark come from, and how did they scale so fast? When the origin story is as transparent as the one behind EME Studios, it leaves observers asking: Why them and not me? It is a narrative...

Member

Business

Prada terminates 222 suppliers over compliance violations

Prada has cut ties with 222 suppliers for compliance violations over the past five years. This follows a “zero tolerance” audit in response to allegations of labour abuses in the fashion supply chain. The data was provided by Prada and reported by the British newspaper, the Financial Times. The company confirmed this to FashionUnited. Since...

Member

Business

Hermès expands leather goods production with new Normandy workshop

Following a memorable show marked by the farewell of Véronique Nichanian, Hermès is making headlines again by announcing a new leather goods project. The facility will be established in Normandy in France, a region where the luxury group already has several workshops. The new leather goods workshop will be located in the town of Les Andelys, in...

Member

Business

McQueen restructuring plan: one-third of Italian workforce at risk

British luxury brand McQueen could lay off one-third of its Italian employees, according to a statement released by three local unions on Wednesday. The company's management has announced a restructuring plan. According to the unions Filctem CGIL, Femca CISL and Uiltec, this plan involves cutting approximately one-third of the total workforce....

Member

Business

Swiss watch exports contract by 1.7 percent in 2025

Zurich - Hit by US tariffs, Swiss watch exports contracted by 1.7 percent in 2025 despite a rebound in December, according to statistics published on Thursday by the Swedish watch federation. In 2025, Swiss watch exports amounted to 25.6 billion francs (33.32 billion dollars). This marked a decline for the second consecutive year, following a...

Member

Business

Diesel expands product range with first luggage collection

Italian fashion brand Diesel is expanding its product range. The label, part of the OTB group, announced on Thursday the launch of its first luggage collection, “Diesel Luggage”. According to Diesel, the new line was developed under the direction of creative director Glenn Martens in collaboration with Chinese accessories manufacturer Canton...

Member

Business

Interparfums acquires David Beckham and Nautica fragrance licences

Interparfums, which produces fragrances for brands including Jimmy Choo and Coach, announced on Thursday the acquisition of two additional licences for David Beckham and Nautica. “Interparfums today announced the signing of an exclusive 20-year global licence agreement with David Beckham for the creation, development, production and distribution...

FeaturedMember

Business

H&M boosts annual profit despite sales decline

Swedish apparel group Hennes & Mauritz AB experienced a slight decline in sales for the 2024/25 fiscal year. This was primarily due to adverse market conditions and negative currency effects. However, the company improved its profit thanks to successful cost-saving measures. This was revealed in the latest annual report, which the parent company...

FeaturedMember

Business|CEO interview

Seidensticker CEO: US expansion and return of wholesale for womenswear?

January remains a difficult month for brick and mortar retail, a sentiment echoed by shirt specialist Seidensticker. Nevertheless, the German company has a positive outlook for the year and expects the situation to stabilise, according to CEO Silvia Bentzinger. At the Pitti Uomo menswear trade fair in Florence, the CEO offered insights into the...

Member

Business

Amazon to reduce global workforce by 16,000 roles

E-commerce giant Amazon is cutting 16,000 jobs worldwide. The company has not yet specified which roles will be affected as it concentrates its efforts on artificial intelligence. “The reductions we are implementing today will impact approximately 16,000 roles across Amazon, and we are working (...) to support everyone whose position is...

Member

Business

The North Face and Timberland drive VF Corporation's Q3 growth

US apparel group VF Corporation has once again exceeded expectations in the third quarter of its 2025/26 financial year. The parent company of brands such as The North Face, Vans and Timberland achieved surprising growth in revenue and profit, according to the latest results presented by the company on Wednesday. In the three months to December...