Home

News

Business

Latest Articles in Business

McQueen restructuring plan: one-third of Italian workforce at risk

British luxury brand McQueen could lay off one-third of its Italian employees, according to a statement released by three local unions on Wednesday. The company's management has announced a restructuring plan. According to the unions Filctem CGIL, Femca CISL and Uiltec, this plan involves cutting approximately one-third of the total workforce....

Member

Business

Swiss watch exports contract by 1.7 percent in 2025

Zurich - Hit by US tariffs, Swiss watch exports contracted by 1.7 percent in 2025 despite a rebound in December, according to statistics published on Thursday by the Swedish watch federation. In 2025, Swiss watch exports amounted to 25.6 billion francs (33.32 billion dollars). This marked a decline for the second consecutive year, following a...

Member

Business

Diesel expands product range with first luggage collection

Italian fashion brand Diesel is expanding its product range. The label, part of the OTB group, announced on Thursday the launch of its first luggage collection, “Diesel Luggage”. According to Diesel, the new line was developed under the direction of creative director Glenn Martens in collaboration with Chinese accessories manufacturer Canton...

Member

Business

Interparfums acquires David Beckham and Nautica fragrance licences

Interparfums, which produces fragrances for brands including Jimmy Choo and Coach, announced on Thursday the acquisition of two additional licences for David Beckham and Nautica. “Interparfums today announced the signing of an exclusive 20-year global licence agreement with David Beckham for the creation, development, production and distribution...

FeaturedMember

Business

H&M boosts annual profit despite sales decline

Swedish apparel group Hennes & Mauritz AB experienced a slight decline in sales for the 2024/25 fiscal year. This was primarily due to adverse market conditions and negative currency effects. However, the company improved its profit thanks to successful cost-saving measures. This was revealed in the latest annual report, which the parent company...

FeaturedMember

Business|CEO interview

Seidensticker CEO: US expansion and return of wholesale for womenswear?

January remains a difficult month for brick and mortar retail, a sentiment echoed by shirt specialist Seidensticker. Nevertheless, the German company has a positive outlook for the year and expects the situation to stabilise, according to CEO Silvia Bentzinger. At the Pitti Uomo menswear trade fair in Florence, the CEO offered insights into the...

Member

Business

Amazon to reduce global workforce by 16,000 roles

E-commerce giant Amazon is cutting 16,000 jobs worldwide. The company has not yet specified which roles will be affected as it concentrates its efforts on artificial intelligence. “The reductions we are implementing today will impact approximately 16,000 roles across Amazon, and we are working (...) to support everyone whose position is...

Member

Business

The North Face and Timberland drive VF Corporation's Q3 growth

US apparel group VF Corporation has once again exceeded expectations in the third quarter of its 2025/26 financial year. The parent company of brands such as The North Face, Vans and Timberland achieved surprising growth in revenue and profit, according to the latest results presented by the company on Wednesday. In the three months to December...

Member

Business

Dr. Martens shares fall after flat revenue forecast for 2026

Shares in British shoemaker Dr. Martens fell by almost 12 percent on the London Stock Exchange on Tuesday. This followed the publication of a company report on the same day, signed by CEO Ije Nwokorie. He states that revenue for fiscal year 2026 will likely remain stable. This is not good news, considering the declining performance over the past...

Member

Business

LVMH increases stake in Loro Piana to 94 percent

Yesterday, during a conference call with analysts, LVMH chairman and chief executive officer Bernard Arnault announced that the group has strengthened its hold on the Italian brand, Loro Piana. The company conducted a partial buyout in 2025 of the brand's shares held by the Loro Piana family, as reported by Italian news agency Il Sole 24 Ore...

Member

Business

Salvatore Ferragamo's 2025 revenue declines to 977 million euros

Salvatore Ferragamo has reported its preliminary consolidated group revenue figures for the 2025 financial year and for the fourth quarter. In the fourth quarter of 2025, preliminary consolidated revenues were 282 million euros (338 million dollars). This represents a decrease of 2 percent at constant exchange rates and 3.2 percent at current...

FeaturedMember

Business

Goodbye DFS, hello Sephora: LVMH's major strategic shift — an analysis of the 2025 financial year

LVMH closes the 2025 financial year with a clear-sighted assessment. Following the post-pandemic euphoria, Bernard Arnault's group reported revenue of 80.8 billion euros, a 5 percent decline on a reported basis. While this headline decline is largely exacerbated by currency volatility, particularly the weakness of the dollar and yen against the...