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Walmart performs better than expected, but consumer is under pressure

New York - American retail giant Walmart published a higher-than-expected turnover on Thursday for its first quarter, which runs from February to April. Its executives warned that American consumers were being constrained by the return of inflation. Turnover reached 177.8 billion dollars, an increase of 7 percent compared to the same period last...

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French upcycler Losanje receives 6.7 million euro capital injection

French company Losanje, which specialises in textile upcycling, has secured a capital injection of 6.7 million euros (7.79 million dollars). Upcycling involves reusing existing materials to create a new product, such as making a bag from a pair of jeans. This process increases the value of the residual product, turning textile waste into a...

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Dior: Delphine Arnault champions price caution to win back clientele

Delphine Arnault, chief executive officer of Dior, has announced a reassessment of the house's pricing policy for certain products, reports the Financial Times. The announcement was made at the Business of Luxury conference, organised by the British newspaper and held on Monday in Puglia. The head of the LVMH group's second-largest brand by...

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Marquee Brands signs agreement with Damac Group to acquire majority stake in Roberto Cavalli

Marquee Brands has announced a definitive agreement to acquire a majority stake in Roberto Cavalli, through a strategic partnership with the Dubai-based Damac Group. Closing of the transaction is expected in the second quarter of 2026 The transaction is expected to close in the second quarter of 2026, after which Damac Group will “remain a...

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Pronovias enters administration for its sale to Cap Capital

Madrid – The pre-arranged steps for the swift acquisition of Pronovias by Cap Capital continue to be strictly followed. The leading global company in the bridal fashion sector has now been placed into administration. This is part of the “pre-pack” administration process that will conclude with its sale to the British investment group. According...

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DSSLR, founded by Puma founder's grandson, initiates insolvency proceedings

DSSLR GmbH, the company founded by Christoph Dassler, has filed for insolvency. Preliminary insolvency proceedings were initiated last week for the Herzogenaurach-based sportswear brand. The responsible Nuremberg District Court announced the proceedings. Jochen Zaremba, a lawyer from the Nuremberg-based restructuring firm Schwartz, has been...

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Giambattista Valli regains control of his fashion house

Italian designer Giambattista Valli is regaining full control of his Parisian fashion house. According to reports from WWD, an agreement has been reached to buy back all shares held by Artémis, the investment holding company of the Pinault family. This transaction marks the end of a multi-year financial collaboration and signals the return to...

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Vox Populi and Shein create a scholarship for fashion students from modest backgrounds

The association Vox Populi and ultra-fast fashion brand Shein are partnering to create 'Future Fashion Talents', a scholarship designed to help young French people in precarious financial situations fund their studies at fashion schools. After launching Pop’Skills, a fashion programme for young people from disadvantaged neighbourhoods, the...

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European luxury fashion brands renew their focus on the American market

New York - From Gucci in the middle of Times Square to Chanel on a New York subway platform, Europe's most prestigious fashion houses are staging an increasing number of spectacular shows in the United States. The US is a market that is both a priority and a trendsetter. Dior, which presented a collection with retro accents and American flag...

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European labels renew their focus on the US

New York - From Gucci in the middle of Times Square to Chanel on a New York subway platform, Europe's most prestigious fashion houses are increasingly staging spectacular shows in the United States. The US is a market that is both a priority and a trendsetter. Dior presented a collection with retro accents and American flag colours at the...

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Football shirts drive sales as retailers bank on world cup effect

Despite a slump in consumer spending, major specialist sports retailers in Germany are hoping for a boom from the Football World Cup. The tournament in the USA, Canada, and Mexico, which begins on June 11, is expected to lift spirits and boost sales of football shirts, fan merchandise, and team sports equipment. This was reported unanimously by...

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Despite a struggling luxury market, Chanel returns to growth in 2025

Paris - Chanel returned to growth in 2025 thanks to demand in Europe and the Americas, performing well amidst a slowdown in the global luxury market. The company reported a turnover of 19.3 billion dollars (up 3 percent, and 1.8 percent on a like-for-like basis), boosted by growth across all its activities, it stated in a press release on...