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Do Zara and H&M generate 12 times more textile waste than Shein?

As the 2026 legislative debate centres on implementing decrees for the law against ultra-fast fashion, a field study challenges our assumptions. The primary burden on the circular economy does not currently stem from new digital players, but from legacy brands. The saturation of recycling channels is linked to this long-established production...

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Puig restructures its board and calls annual general meeting for May 29

Madrid – In a somewhat surprising move, Puig announced late on Monday evening the resignation of Josep Oliu, chairman of Banco Sabadell, from his position as a director on the company's board, which is chaired by Marc Puig. This news was framed within the announcement of Puig's upcoming Annual General Meeting, now scheduled for May 29. The...

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'Magnificent Seven' results: Why AI capex could disrupt fashion

This week, markets will scrutinise the results of tech leaders Amazon, Microsoft, Alphabet, Meta, Apple, Nvidia and Tesla. At the core of expectations is the need for proof. Their massive investments in artificial intelligence must finally begin to show tangible returns. Critical equation: billions versus uncertain revenues Hyperscalers have...

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Chronic deficits and recapitalisations: The challenge of Richemont's 'Soft Luxury' division

Swiss leader Richemont, driven by the strength of its jewellery houses, is seeing the weaknesses of its fashion and accessories division intensify. Amid repeated capital injections and slowing growth, the group faces a structural profitability challenge. While the strength of Richemont's jewellery and watchmaking divisions is well-established,...

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Armedangels launches direct-to-consumer model in the US

Armedangels is advancing its international expansion by entering the US market. The Cologne-based fashion brand will launch there at the end of April with a direct-to-consumer model, the company announced on Monday. Distribution will initially be handled through its own online shop, with additional sales channels planned for the future. This...

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SMCP reports stable ready-to-wear sales despite strong regional disparities

French group SMCP, the parent company of brands Sandro, Maje, Claudie Pierlot and Fursac, published its first-quarter 2026 results on Tuesday. While overall turnover remains stable, performance was driven by international markets as the French market experienced a sharp decline. The group's turnover stood at 287 million euros (335.6 million...

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Producer-led projects: A gap in the sustainability market?

At the root of the sustainability crisis in fashion lies a clouded relationship between brand and supplier, which is a direct consequence of outsourcing production to low-wage countries. In recent decades, the supply chain has become so fragmented that oversight regarding who makes what—and exactly how—has been lost. Now, the industry wants to...

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Les Deux: 14 years of uninterrupted growth despite a strained wholesale market

Danish brand Les Deux has confirmed its resilience and agility. In 2025, the Copenhagen-based label recorded a 13 percent increase in turnover, marking its fourteenth consecutive year of growth amid a challenging global wholesale market. While the fashion sector is experiencing a significant slowdown, Les Deux is demonstrating robust health. For...

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The Platform Group reports strong growth in annual sales and earnings

Düsseldorf-based e-commerce group The Platform Group SE & Co. KGaA experienced strong growth in the 2025 financial year. On Wednesday, the company announced that sales last year reached 728.1 million euros, an increase of 38.8 percent compared to 2024. Gross merchandise volume (GMV) increased by 44.3 percent to approximately 1.30 billion euros....

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Hapag-Lloyd sees no current option for Hormuz passage

Germany's largest container shipping line, Hapag-Lloyd, currently sees no option to guide its commercial vessels through the Strait of Hormuz, where they are currently stuck in the Persian Gulf. There is currently no possibility of passage and the company is awaiting an opportunity, said chief executive officer Rolf Habben Jansen. He did not...

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‘Loi Violland’, France's anti-fast fashion law: Brussels hits the brakes again

France's ambitious ‘anti-fast-fashion law’ (Loi Violland) is in limbo. Although the French Senate approved the law in 2025, the European Commission (EC), which had already raised objections last September, vetoed it again in April. Brussels argues that the law disrupts the principles of the European single market and is discriminatory, as stated...

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Zalando consolidates partnership models – Connected Retail to be discontinued

Zalando is consolidating its partner models and, in line with this, is discontinuing its Connected Retail programme. The Berlin-based e-commerce company confirmed the move to FashionUnited, following an initial report by trade publication Schuhkurier. The Connected Retail technology is set to be discontinued by June 30, 2027. In a statement...