Latest Articles in Business

Textile production in Germany: “Inventing Industry 7.0” at Textile Factory 7.0

The German government-funded future project, “Textile Factory 7.0” (T7), launched almost a year ago. It is a collaboration between the University of Applied Sciences Hochschule Niederrhein (HSNR) and other stakeholders from research, business and local authorities. The ambitious goals were announced in July 2025 already: Production and business...

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Zalando's agreement with Vestiaire Collective officially launches the 'new new' era

This Thursday, the platforms Vestiaire Collective and Zalando announced a partnership that pushes the boundaries of the resale market. By partnering with a powerful e-commerce player, capable of selling pre-loved items in 14 European markets to millions of visitors, Vestiaire Collective is ushering second-hand fashion into a new era: that of the...

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Ganni acknowledges progress and outstanding goals in its 2025 responsibility report

Danish fashion brand Ganni has published its 2025 Responsibility Report, which concludes its Gameplan 2.0 (2023–2025) sustainability strategy and introduces Gameplan 3.0, the new framework that will guide its environmental and social commitments until 2028. The document outlines unmet goals, structural barriers yet to be resolved and a...

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Le Coq Sportif redefines its Iberian game with a distribution partner

The French brand Le Coq Sportif has signed a strategic agreement with Albion 1879 SL to drive its growth in the Iberian Peninsula. The focus will be on Spain and Portugal, aiming to accelerate its consolidation in the premium sport lifestyle segment. The move follows the company's restructuring after its Spanish subsidiary entered insolvency...

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EU imposes 200 million euro fine on online retailer Temu

The European Commission has imposed a 200 million euro fine on the Chinese online marketplace Temu for illegal products. The Brussels authority announced that the company had failed to properly assess the risks and damages to consumers. This is a particularly serious breach of the Digital Services Act (DSA). Consumers in the EU were highly...

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Zalando expands pre-owned offering through partnership with Vestiaire Collective

Vestiaire Collective is bringing second-hand luxury fashion to Zalando. The Berlin-based online retailer and the French resale platform have entered into a partnership, the two companies announced on Thursday. A hand-checked selection of second-hand luxury items will now be available on Zalando. The collaboration will be rolled out in 14...

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Portugal's textile exports find new life outside Europe

Portuguese textile and apparel exports closed the first quarter of 2026 with moderate yet significant growth. This progress comes amid a challenging environment where a decline in several European markets was offset by growth in non-EU destinations. Between January and March, the sector's international sales reached 1.44 billion euros (1.67...

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Fashion tech platform Vaayu acquired by Carbonfact

French sustainability platform Carbonfact has acquired its German competitor Vaayu Tech GmbH. The companies made a joint announcement today. The purchase price has not yet been disclosed. The acquisition brings the two largest decarbonisation tools for the fashion industry under one roof. Existing clients will migrate to Carbonfact. The combined...

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Galería Canalejas, central Madrid's 'luxury mecca', is up for sale

Madrid – The Spanish multinational OHLA, successor to the former OHL of the Villar Mir Group, will put the exclusive Galería Canalejas shopping complex up for sale at the end of the year. This was announced by its chairman of the board of directors and main shareholder, Luis Amodio. He has ruled out the possibility of the transaction being...

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Kering holds its annual general meeting amidst a transformation phase

Luxury group Kering is holding its annual general meeting on Thursday, a few weeks after unveiling its strategic plan, as the slowing luxury market seeks to reinvent itself. Last September, the French giant's last annual general meeting saw the appointment of Luca de Meo as chief executive officer. François-Henri Pinault retained his position as...

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Despite record sales: Abercrombie & Fitch's first-quarter profit declines

US apparel group Abercrombie & Fitch Co. set a new sales record in the first quarter of the 2026/27 financial year. However, its profit declined. According to a statement released on Wednesday, sales in the 13 weeks to May 2 amounted to approximately 1.11 billion US dollars. This was a two percent increase on the same quarter last year and a new...

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Capri Holdings reduces quarterly loss despite revenue decline

US fashion group Capri Holdings Limited also suffered a decline in sales in the fourth quarter of the 2025/26 financial year. The company made significant progress in its earnings thanks to extensive reforms. Management is now also forecasting sales growth for the current year. In the final quarter of the past financial year, which ended on...