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Amer Sports beats expectations again in third quarter

Finland-based sporting goods group Amer Sports Inc. has once again exceeded market expectations in the third quarter of its 2025 financial year. In light of this surprisingly strong performance, the parent company of brands including Arc’teryx, Salomon, Wilson and Peak Performance raised its annual forecast again on Tuesday. In the three months...

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Stefano Ricci: Turnover exceeds 152 million euros amid global expansion

Italian menswear specialist Stefano Ricci presented its new AW26/27 collection and, in doing so, also provided insights into current plans and the current financial year. Highlights include a new store in Rome, located on Via Bocca di Leone, and a new store in Washington, D.C., the sixth in the US. The brand has also launched a new equestrian...

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Stylein returns to international wholesale: “We had to build our home market first”

Since its founding in New York in 2001, the Swedish label Stylein has evolved from a young idea into an internationally sought-after brand. Founder Elin Alemdar is responsible not only for the design but also for the strategic direction, collection creation and brand communication. Together with partner Ulrika Fohgelberg Nordén, who has shaped...

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Belgian Resortecs raises 6 million to scale up

Belgian innovator Resortecs has secured additional funding to scale its Smart Stitch and Smart Disassembly technology across Europe. The company announced in a statement that it has raised 6 million euros. Resortecs is known for its technologies in the textile and recycling industry that simplify the recycling of items. It has developed a...

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Claire's France: two takeover bids approved by court, half of employees retained

The Paris Commercial Court approved two partial takeover bids for the Claire's brand in France on Friday. The company was placed in administration at the end of July, lawyers for the staff representatives told AFP on Monday. The lawyers detailed that around 450 out of 830 employees will be taken on by two companies. The vast majority will be...

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Maersk secures 30-year lease for Bangladesh's Chattogram container terminal

On Monday, Bangladesh signed a 30-year lease with Danish global shipping giant Maersk to manage a new container terminal in Chattogram (south-east), the country's largest port. Officials from the Chattogram Port Authority stated that APM Terminals, the Maersk subsidiary involved in the project, will invest approximately 550 million dollars over...

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Alibaba denies report accusing it of supporting Chinese army against US

Beijing - Chinese e-commerce giant Alibaba on Saturday denied to AFP an article in the Financial Times (FT) that accused it of assisting in Beijing's military operations against the US. Alibaba “provides technical support for the ‘operations’ of the Chinese army against US targets,” stated the report from the British newspaper published on...

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Alibaba to transform B2B sourcing with agentic AI

E-commerce giant Alibaba has announced the integration of agentic AI capabilities into the user journey of its business-to-business (B2B) marketplace. Launched under the 'AI mode' feature, this technological innovation aims to transform the processes by which professionals discover, evaluate and interact with suppliers. Even more impressive than...

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Birkenstock wins copyright dispute against Scapino in the Netherlands

Dutch retail chain Scapino has infringed the copyright of several Birkenstock shoe models. This was the conclusion reached by the Midden-Nederland court in a ruling published this week. Specifically, the decision concerns the Madrid, Arizona and Florida models, whose designs were copied to a “significant extent”, according to the court. Scapino...

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Two very partial takeover bids for footwear brand André

Two very partial takeover bids for the footwear brand André, which has been in administration since the end of April, were published on Thursday by the Paris Commercial Court. The first of these bids comes from the Brittany-based group Beaumanoir, owner of Sarenza, which has previously acquired Naf Naf, Jennyfer and La Halle. Beaumanoir,...

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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...