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Lanvin Group sells Caruso to MondeVita Italy

Raffaele Caruso has completed an ownership transfer from its former shareholder, Lanvin Group, to MondeVita Italy srl. MondeVita Italy srl is part of Mondevo Group, an international investment group backed by private investors with a long-term outlook. Mondevo Group was founded by Hussam Otaibi, founder and chairman, and Fabio Brambilla,...

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US firm Blue Water Venture Partners to acquire Jacadi

Paris, France – The international investment firm Blue Water Venture Partners has announced its intention to acquire children's fashion brand Jacadi Paris. The firm is led by New York-based investor Joseph Hernandez. The news was reported by Les Echos on Thursday. In a statement dated Monday, the investment firm announced it has signed a “letter...

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The Fabricant receives European support for AI project to improve fashion industry

The European Union is providing financial support to the Amsterdam-based fashion-tech company The Fabricant for the development of an AI-driven initiative. In collaboration with the University of the Arts London (UAL), the Image to Pattern project focuses on automating the conversion of design sketches into production-ready patterns, according...

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Coty continues strategic review following successful debt reduction

Paris, France - US cosmetics and fragrance group Coty, which appointed a new interim CEO in January, published mixed results on Thursday. The company reported its “lowest debt in nine years” and is continuing its strategic review. In the second quarter of its fiscal year, from October to December, Coty's turnover increased by 1 percent...

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H&M Group to close Maastricht customer service centre, 250 jobs to be cut

Swedish fashion group H&M Group is set to close its customer service centre in Maastricht, the Netherlands, on June 1, 2026. The Maastricht customer service centre currently serves multiple brands within the H&M Group, a spokesperson told FashionUnited. In 2026, the retail group will transition globally to an operational model with external...

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Amazon plans to invest 200 billion dollars in AI and chips

Amazon is surpassing even its high-spending tech rivals with its planned investments. The retail giant plans to invest around 200 billion dollars this year in AI, chips, robotics and satellites. The figure was difficult for investors to digest. The company's shares fell by more than ten percent in after-hours trading. According to Amazon's chief...

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Canada Goose increases quarterly sales by 14 percent, appoints new North America president

Canadian apparel provider Canada Goose Holdings Inc. significantly increased its sales in the third quarter of the 2025/26 financial year. This was largely due to significant growth in the US and China. Profit, however, fell short of the previous year's level. The Toronto-based down jacket specialist announced the latest results on Thursday,...

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Tapestry raises forecasts following record second-quarter results

US fashion group Tapestry Inc. exceeded expectations in the second quarter of the 2025/26 financial year, thanks to strong growth at its core brand Coach. In light of its recent strong performance, the group raised its forecasts on Thursday. In the three months to December 27, group revenue reached 2.50 billion dollars. This represented an...

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Generation award: Kering sets its sights on the MENA region

Kering is strengthening its influence in the Middle East and North Africa regions. By launching the Kering Generation Award in the MENA region, the luxury group is establishing itself in the local economic landscape. Its objective is to provide startups in these territories with the means to “shape the future of fashion”. This announcement...

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Latin America: A laboratory for fashion retail in times of inflation

Buenos Aires – Unlike many developed economies today, Latin America has been grappling with economic volatility, high inflation and restricted consumption for years. The region, particularly markets like Argentina, Brazil and Mexico, has become a testing ground. Here, the fashion and retail industry has learned to operate under constant pressure...

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US government agency accuses Nike of anti-White discrimination

New York - A US government agency on Wednesday asked the courts to enforce a subpoena against Nike, accusing the sportswear giant of discriminatory practices against White people. Nike “has failed to provide all the requested information,” wrote the Equal Employment Opportunity Commission (EEOC) in a document asking a Missouri court to enforce a...

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Lenzing acquires majority stake in TreeToTextile

Austrian fibre manufacturer Lenzing AG (Lenzing) is set to acquire a majority stake in the Swedish company TreeToTextile AB. In a statement, the group described the planned acquisition as a “further strategic milestone”. The company, founded in 2014, represents “the next major technological breakthrough in cellulosic fibre production”. Lenzing...