Latest Articles in Business

Why Brussels is accelerating its textile regulatory battle this summer

A ban on destroying unsold goods since the end of July, extended producer responsibility by 2028 and a digital product passport: the European Union is abruptly tightening its grip on the textile industry. This is an analysis of the political timeline and its major impacts on the sector. Several key milestones in European textile legislation came...

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Cotton route, destination Uzbekistan: is China seeking a new gateway to supply Europe?

The news went relatively unnoticed. It deserves, however, to be examined closely. China and Uzbekistan want to strengthen their cooperation in the textile industry. The agenda includes raw material supply; technology transfer; blended fabric production; dyeing and finishing technologies; automation; and the creation of joint production...

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Anta Sports reports double-digit revenue growth in first half

Chinese sportswear group Anta Sports Products Limited continued its growth in the first half of the 2026 financial year. This is according to preliminary figures published on Wednesday by the parent company of brands such as Anta, Descente and Jack Wolfskin. Group revenue for the six months to June 30 reached 43.5 billion Chinese yuan (6.47...

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Hugo Boss launches share buyback programme

Metzingen-based fashion group Hugo Boss AG launched its share buyback programme, announced in the spring, on Monday. It plans to acquire its own shares with a total value of up to 200 million euros. The programme will run until December 31, 2027. The programme is based on the authorisation granted at the Annual General Meeting in May 2025, “...

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Shein and Everlane: how an 80 million dollar acquisition serves a 27 billion dollar IPO strategy

A few hours after launching its initial public offering in Hong Kong, Shein faces a new complication in the US. The acquisition of Everlane, completed in May for 80 million dollars, is now under review by the CFIUS. Even more unusually, it was Shein who voluntarily requested this review after the deal was completed. This move can be seen as an...

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Bidding war for Brava Fabrics: “The deal is attracting international buyers”

Madrid – The Barcelona-based fashion firm Brava Fabrics has been in voluntary administration since June 25. A bidding war has now opened for the insolvency process. This phase is expected to conclude on September 15 with the fully operational company being handed over to a new owner. The digital platform Kentra is working towards this timeline...

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Online clothing retailer Boohoo fined 2.33 million euros

Paris - British online clothing chain Boohoo has been fined 2.33 million euros. The fine follows an investigation that revealed “deceptive commercial practices”, the French fraud authority announced on Thursday. The fine was for “deceptive commercial practices and non-compliance on product labelling”. It was proposed to the company with the...

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Azzas 2154 reports Q2 drop in revenue and profit

Last week, Brazilian holding company Azzas 2154 presented its results for the second quarter of 2026. Gross revenue fell by 7.1 percent to 3.4 billion reais (656.5 million dollars) compared to the second quarter of last year. This was “mainly impacted by a 13.6 percent drop in sell-in channels.” Gross profit, at 1.5 billion reais, saw a 5.9...

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Textiles: Does India want to make Bangladesh an extension of its industrial base?

Diplomats discuss tariffs and cross-border fluidity. Textile manufacturers, however, are watching how these barriers actually change their costs, market opportunities and production choices. By dispatching a delegation to Dhaka led by the Confederation of Indian Industry (CII), New Delhi is not just there to discuss market access for its...

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Wolford AG: Operating loss halved through restructuring measures

Wolford AG is making progress with its restructuring. In the first half of the current financial year, the Austrian lingerie and clothing provider's turnover of 31 million euros was below the previous year's figure of 33 million euros. However, the group made significant progress in its earnings. Earnings before interest and taxes (EBIT)...

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Chanel, Vuitton, Dior: French brands dominate Brand Finance 2026 ranking

According to the latest data published by Brand Finance, the cumulative value of the world's top 50 apparel brands has decreased by 4 percent to 350.9 billion dollars in 2026. This contraction occurs amidst a climate of macroeconomic uncertainty and a realignment of consumer expectations. Despite these challenges, the industry is showing...

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Arc'teryx and Salomon drive Amer Sports' Q2 revenue and profitability

For the second quarter ended June 30, 2026, Amer Sports has delivered results that significantly exceeded expectations and has once again raised its targets for 2026. Behind the 32 percent revenue growth, the group is benefiting primarily from a shift in mix, strong direct-to-consumer progression and spectacular expansion across Asia. A few...