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LVMH sales approach 39 billion euros in H1 amid a tense climate

On Monday, luxury giant LVMH announced sales of 38.6 billion euros for the first half of 2026. This figure demonstrates stability and accelerated growth, despite a climate disrupted by the conflict in the Middle East. From January to the end of June 2026, the net profit of the owner of Louis Vuitton, Dior, Celine and Moët & Chandon remained...

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Mango posts H1 sales of 1.85 billion euros amidst slowed growth

Madrid – Spanish fashion multinational Mango has just reported its turnover results for the first half of 2026. During this period, from January to June, the company continued to post positive turnover growth. However, the rate was significantly lower than previously. The management of the Spanish company announced that Mango closed the first...

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Affluent consumers no longer consider fur and exotic leathers 'luxury'

A fur coat or a crocodile leather bag has long been considered the 'ultimate luxury'. New research from Collective Fashion Justice (CFJ) suggests this is no longer the case. The report, ‘Wildlife Exploitation is Not Luxurious’, reveals that a striking 95 percent of high-earners surveyed in London, Paris and New York believe the use of wild...

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Calida Group sells Cosabella to focus on core brands

Swiss company Calida Group is selling its US lingerie brand Cosabella to the New York-based Crown Brands Group. The sale was made as part of an asset purchase agreement concluded on July 23, 2026. The purchase price of the transaction was not disclosed. The Swiss lingerie company aims to simplify its brand portfolio and focus on its core brands,...

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Rains becomes main sponsor of Copenhagen football club B.93

Danish lifestyle brand Rains is set to become the main sponsor of Copenhagen football club B.93. The contract, which applies to the men's first team, will commence from the 2026/2027 season. The idea behind the partnership is rooted in Rains' origins as a rainwear specialist. The club is based in Østerbro, where it rains approximately 170 days a...

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US imposes new tariffs on 60 economies over forced labour concerns

Madrid – US president, Donald J. Trump, has once again disrupted trade relations with key partners and major global economies by announcing new additional tariffs for 60 economies. These new tariffs range from 10 to 12.5 percent. Special tariff quotas have also been added for textiles from Bangladesh, Cambodia, Indonesia and Malaysia, which are...

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New Inditex board member buys half a million euros worth of company shares

Madrid – Among the latest news surrounding the Spanish fashion giant, Inditex's management has reported the acquisition of a significant volume of company shares by José Ignacio Goirigolzarri. He is the former chief executive officer of BBVA and former executive chairman of Bankia and CaixaBank. The company welcomed him as a new member of its...

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Ermenegildo Zegna Group closes H1 with sales up 6.4 percent

The Zegna brand drove the Ermenegildo Zegna Group's results, reaching 324.3 million euros in revenue in the second quarter of 2026. This represents an increase of 16.9 percent, or 16.5 percent on an organic basis. Group revenues increased to 517.1 million euros in second quarter 2026, up 10.3 percent Revenues for the Italian group, which is...

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French anti-ultra-fast-fashion law: China threatens retaliation

Beijing - China warned on Wednesday that France could face possible retaliatory measures after adopting a law aimed at countering the rise of disposable fashion, or "ultra-fast fashion". Beijing has denounced the regulation as “discriminatory” and contrary to trade principles. Adopted by the French Parliament at the end of last month, the text...

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Moncler spa closes first half with revenues up 9 percent

Today, the board of directors of Moncler spa reviewed and approved the half-year financial report as of June 30, 2026. The period ended with consolidated group revenues of 1.29 billion, an increase of 9 percent at constant exchange rates (+5 percent at current exchange rates), compared to 1.23 billion in the first half of 2025. Today, the...

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Watersports brand Wallien expands into the US with New York pop-up

Dutch watersports fashion brand Wallien is taking the next step in its international expansion by opening its first pop-up store in New York. The temporary store in the SoHo district not only marks the brand's physical retail debut in the US but also underscores its growth ambitions in the American market. According to co-founder and CEO Olivier...

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Switzerland: watch exports see slight decline in first half

Geneva - Swiss watch exports fell by 0.7 percent in the first half to 12.8 billion Swiss francs (15.76 billion dollars), amid a downturn in the US and Chinese markets, according to statistics published on Tuesday by the Swiss watch federation. In June, Swiss watch exports grew by 11.2 percent to nearly 2.4 billion francs, driven by the US (+12.7...