Latest Articles in Business

Audience for Temu and AliExpress drops in France during Q2, Shein remains stable

Paris - The number of visitors to the Temu and AliExpress websites significantly declined in France during the second quarter. This drop occurred even before the implementation of the three euro European tax targeting small parcels, Fevad and Médiamétrie revealed on Wednesday. “While the overall audience for the sector remains at a very high...

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Inditex hits new high: reports profit of 2.98 billion euros with 7.6 percent growth through July

Madrid – The Spanish fashion multinational Inditex group (Inditex), parent company of popular fashion chains such as Bershka, Massimo Dutti and Zara, its flagship and “star” chain, reported its results for the first half of its current 2026 fiscal year earlier today. The period, from February 1 to July 31, saw the company once again record new...

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Former Vuitton executives on trial for VAT fraud at Champs-Élysées store

A lavish Chinese client, who spent millions of euros on luxury goods at the Louis Vuitton store on the Champs-Élysées, allegedly received improper tax refunds. Five people, including former company executives, have been on trial since Monday at the Paris Criminal Court for organised fraud. The court accuses the defendants of processing VAT...

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H&M capitalises on ‘Designed in Barcelona’ and opens a product development office in the city

Madrid – The H&M Group appears determined to end the period of gradual decline it has been experiencing in Spain, both operationally and commercially. The company has announced the opening of a “production office” in the country. This department will now operate from Barcelona, strengthening the Swedish fashion multinational's product...

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United Repair Academy: 'Fashion brands are no longer asking why, but how'

On September 1, United Repair Centre opened its Academy at Krelis Louwenstraat 3 in Amsterdam-West during Amsterdam Fashion Week, in collaboration with Levi’s. The event aimed to showcase the students' work and introduce visitors to clothing repair and its associated craftsmanship. Founded in 2022 by Thami Schweichler and Paul Kerssens as a...

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Vinted vs Depop: Should eBay spend more to win the second-hand battle in the US?

It took Vinted a few months to become a serious enough problem to appear in Wall Street analyst notes. The Lithuanian platform has built its peer-to-peer second-hand model for nearly twenty years. It only officially entered the US market in January 2026. However, it is advancing quickly enough to push Depop, now owned by eBay, to accelerate its...

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Oeko-Tex: “Traceability is becoming a prerequisite for market access”

Traceability is increasingly seen in the apparel industry not as a competitive advantage, but as a prerequisite for market access. This is the key message of the recently published annual report from Oeko-Tex. New legal requirements in the EU, US and Canada increasingly demand that companies can prove the origin of their products and raw...

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Victoria's Secret raises forecasts after strong second quarter growth

US lingerie retailer Victoria’s Secret & Co. achieved significant growth in sales and earnings in the second quarter of the 2026/27 financial year. In light of this recent positive development, management raised its full-year forecast on Thursday. In the 13 weeks to August 1, the parent company of the Victoria’s Secret, Pink and Adore Me brands...

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Lands' End reports Q2 revenue growth and return to profitability

US clothing retailer Lands’ End Inc. increased its revenue and returned to profitability in the second quarter of the 2026/27 financial year, according to an interim report published on Thursday. Group revenue for the 13 weeks to July 31 amounted to 302.0 million US dollars. This represented an increase of 2.7 percent compared to the same...

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Zegna Group's operating profit rises to 74.5 million in H1

Ermenegildo Zegna reported revenues of 987.3 million euros (1.15 billion dollars) in the first half, up 6 percent year-over-year and 9 percent on an organic basis. The direct-to-consumer channel drove the performance with a growth of 12 percent (+16 percent on an organic basis), accounting for 86 percent of the group's brand revenues. Meanwhile,...

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PVH maintains full-year forecast despite second-quarter loss

US apparel group PVH Corporation reported an expected decline in revenue in the second quarter of the 2026/27 financial year. The company also slipped into the red due to high one-off charges. The results, published on Wednesday evening, gave management no reason to change its full-year forecast. In the most recent quarter, which ended on August...

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Azzas 2154 seals agreement to separate Arezzo&Co and Soma

Following refuted speculation about disagreements between partners Alexandre Birman and Roberto Jatahy, the Brazilian conglomerate Azzas 2154 Group announced an agreement for a corporate reorganisation on September 2. The official statement confirms the separation of both companies. “The Reorganisation aims to segregate the current businesses of...