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TJX raises annual forecasts again following surprisingly strong quarterly figures

US retail group TJX Companies Inc. (TJX) exceeded its own forecasts and analyst expectations in the third quarter of the 2025/26 financial year. Consequently, the company set higher targets for the full year on Wednesday. The off-price specialist, represented in Europe by its TK Maxx and Homesense formats, generated net sales of 15.1 billion...

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LuxExperience: Mytheresa increases quarterly revenue by 12 percent

Online fashion retailer Mytheresa achieved a double-digit revenue increase in the first quarter of the 2025/26 financial year and significantly improved its earnings. This information was published by parent company LuxExperience B.V. in an interim report on Wednesday. The group also reported progress in integrating the Yoox Net-a-Porter (YNAP)...

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Repsol enters textile recycling, takes a stake in Coleo

Madrid – The Spanish group Coleo, one of Europe's leading companies specialising in recycling and recovering textile waste, has welcomed the Spanish multinational energy company Repsol as a new investment partner. Through its social entity, Fundación Repsol, the company has now formalised its investment in one of the main subsidiaries of the...

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Business|Interview

Co-leadership at Otto: insights into an innovative leadership model

Management positions are often advertised as full-time roles, which excludes people who work part-time. However, other models are possible, such as co-leadership, where more than one person holds the same management role. At Hamburg-based retailer Otto, Jennifer Halemba and her former colleague Marleen Hinzmann shared the head of recruiting...

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Luxury sector faces dilemma of 'exceptional Maisons' versus groups seeking recovery

The luxury sector is entering a new era of polarisation, according to several recently published articles and market studies. This dynamic now pits two types of players against each other: 'exceptional Maisons', capable of preserving rarity and vertical integration, and multi-brand groups that must redefine their strategy to regain their...

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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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Business|CEO interview

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...