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In 'an uncertain world', luxury groups wary of 2026

Paris (France) - Following a "turbulent" 2025 and in "an uncertain world", caution is the watchword for 2026 in the luxury sector, where major French groups have published mixed results. "The past year was 'turbulent economically and geopolitically (...) and 2026 will not be very simple either, but one thing at a time'," stated Bernard Arnault,...

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L'Oréal net profit drops 4.4 percent in 2025 due to currency effects and French tax

The French cosmetics giant L'Oréal announced on Thursday a 4.4 percent decrease in its net profit to 6.13 billion euros (7.27 billion dollars). This was penalised by currency effects and the exceptional surcharge imposed on large companies to restore French public finances. “This increasingly less exceptional tax on large companies (...) costs...

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Vinted: How dropshipping is blurring the promise of circularity

In less than a decade, Vinted has established itself as a go-to for millions of Europeans. However, behind the stated ideal of a shared wardrobe, a more ambiguous reality is emerging. Disguised commerce is taking hold, with new ultra-fast fashion stock saturating virtual wardrobes. This article analyses a system being tested by its own excesses....

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Inditex-backed Epoch Biodesign partners with Invista for recycled nylon 6,6

Madrid – British biotechnology company Epoch Biodesign, specialising in the enzymatic recycling of petroleum-derived plastic and textile waste, has signed a memorandum of understanding with Invista, one of the world's largest producers of nylon 6,6 and polypropylene and their derivatives. Primary goal of this alliance is to advance global...

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BasicNet: consolidated turnover reaches 416 million euros in 2025

Aggregate sales of products from BasicNet brands amounted to 1.29 billion euros (1.53 billion dollars) in 2025, an increase of 4 percent. Sales from commercial and direct licensees reached 907.7 million euros, up 5 percent from 864.7 million euros on December 31, 2024. Sales from manufacturing licensees totalled 318 million euros, a 1.4 percent...

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France: Key insights for understanding fashion's transformations in 2026

What drivers will shape the French apparel market in the coming months? Experts from the Economic Observatory met this Thursday at the Institut Français de la Mode (IFM), where they shared their key insights on 2025 to better anticipate the challenges and opportunities awaiting fashion players in 2026. According to the latest data from INSEE and...

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Spinnova losses deepen in 2025, revenue drops 54 percent

Finnish textile technology company Spinnova Plc experienced a decline in revenue and higher losses in the 2025 financial year. The results were revealed in a business report published on Thursday. Revenue for the past year amounted to 344,000 euros (408,890 dollars). This represents a 54 percent decrease compared to 2024. The operating loss...

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Hermès reports 1.72 percent net profit decrease due to exceptional surtax

French luxury group Hermès announced on Thursday, February 12, 2026, a 1.72 percent decrease in its net profit for 2025, which fell to 4.5 billion euros (5.35 billion dollars). This decline was attributed to an exceptional surtax imposed on large companies by the French government to restore public finances. Excluding this exceptional...

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Marimekko's 2025 financial results: sales up, net profit unchanged

Finnish textile group Marimekko Corporation (Marimekko) has concluded the 2025 financial year with a further increase in sales. However, profit stagnated compared to the previous year. This was revealed in a recent business report published by the company on Thursday, February 12, 2026. According to the report, sales last year reached 189.6...

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Bugatti CBO Florian Wortmann: “We can all be spared for two or three months”

Fashion moves so quickly that pressing the ‘pause button’ seems almost impossible. Taking time off, however, can help one return full of energy and new ideas. Nevertheless, the topic still seems to be a taboo in the industry, especially for executives. Florian Wortmann, chief brand officer at the German brand Bugatti, has taken at least a short...

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Professional equality: When Kering turns social responsibility into an intangible asset

As the luxury sector enters a phase of structural rationalisation, performance is no longer measured solely by income statements. Social governance, employer attractiveness and mastery of non-financial criteria are becoming key competitive variables. In this context, Kering's publication of its 2025 Professional Equality Index goes far beyond a...

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Unsold goods: EU bans their destruction, imposing a new model on fashion

A practice long considered a necessary evil in industrial fashion will become illegal from July 19. The EU will prohibit large companies from destroying their unsold clothing, footwear and accessories, ending the annual incineration and landfilling of millions of new items. Enshrined in the Ecodesign for Sustainable Products Regulation (ESPR),...