Latest Articles in News

eBay board rejects unsolicited acquisition proposal from GameStop

The board of directors of US e-commerce leader eBay has formally rejected a non-binding acquisition proposal from US retailer GameStop. Following a comprehensive review conducted with financial and legal advisors, the board determined that the offer did not align with the long-term interests of the company or its shareholders. In a formal...

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Business

Under Armour revenue falls to five billion dollars amid strategic reset

US sportswear group Under Armour has announced its financial results for the fourth quarter and full fiscal year 2026, ending March 31, 2026. The Baltimore-based company reported a total annual revenue of 5 billion dollars, representing a 4 percent decline compared to the previous year, or a 5 percent decrease on a constant currency basis. The...

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Armani brings its residential business to Marbella with Rafa Nadal and Matutes

The Armani Group announced on Monday the launch of Armani Residences Marbella, its first residential project in Spain. The venture is a partnership with Sierra Blanca Estates and Palya Invest, the firm led by athlete Rafael Nadal and Abel Matutes, a Spanish entrepreneur and former politician with long-standing ties to the tourism and hotel...

Fashion

Paris and Ibiza: Ibiza Swim Week's dual strategy to connect the market

Ibiza Swim Week celebrates its third edition from June eight to ten in Ibiza, with a programme focused on catwalk shows, pop-ups and swimwear activations. The event, led by its founder Nía Vásquez alongside the Ibiza Town Council and in collaboration with Miami Swim Week The Shows, aims to establish the island as a European benchmark for...

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Dutch couturier Iris van Herpen honored with European Culture Prize

A new award for designer Iris van Herpen. The Dutch couturier and pioneer will receive the European Culture Prize this autumn. The prize's organiser, the European Cultural Forum, announced this in a press release. “Iris van Herpen uniquely embodies the innovative spirit of Europe,” stated Reiner Schränkler, chairman of the European Cultural...

Fashion

Paraiso Miami Swim Week to introduce new concept for emerging brands

Paraiso, an organiser behind the annual Miami Swim Week, is set to introduce a new concept for up-and-coming brands and designers at its upcoming 22nd edition. The event returns this season to the newly renovated Delano Miami Beach, with its tent stretching across Collins Park. Set to run from May 28 to May 31, the multi-day event will feature a...

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Victoria’s Secret ups defence against activist investor campaign

Lingerie giant Victoria’s Secret & Co. has upped efforts to defend its board and leadership strategy against activist investor Brett Blundy, who is continuing a campaign for greater influence over the business. The company filed a supplement to its proxy statement and issued a public letter to shareholders ahead of its June 11 annual meeting,...

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Waste colonialism in the second-hand clothing trade: findings from Fashion for Good's research

Fashion for Good is publishing the initial results of Project Rewear, which was launched in 2024 to analyse second-hand clothing streams, with a view to viable recycling and resale. The non-profit was founded in 2017 with support from the Laudes Foundation (formerly the C&A Foundation). It now collaborates with fashion partners such as Adidas...

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Kitri to cease trading after nine years of business

London-based independent fashion brand Kitri, founded by Haeni Kim in 2017, has announced on social media that she is closing the womenswear brand that became known for its limited-run, vintage-inspired fashion, often with bold colours and playful details. On Instagram, the brand said that it would be closing its doors in the coming weeks, and...

Retail|In Pictures

FitFlop opens first store in Spain

British footwear brand FitFlop has opened its first-ever store in Spain, in Puerto Banús, Marbella, as part of its European retail expansion strategy. The opening is in partnership with Albion 1879, a company that introduces, develops and manages international brands in the Iberian Peninsula, including AllSaints and Ugg, and maintains a...

Retail

Oner Active to open first store in New York

British female-focused activewear brand Oner Active, co-founded in 2020 by personal trainer and fitness influencer Krissy Cela, has announced it is opening its first permanent brick-and-mortar store in New York. Cela, the brand's creative director, announced the news on Instagram and LinkedIn, stating that New York was chosen for the brand’s...

Retail

Primark opens Manhattan store amid broader US growth

Primark has opened a new flagship store in Manhattan’s Penn District, bringing its US store count to 40 locations across 13 states. This latest New York site is the most recent in a string of openings by the budget retailer, which of late has also launched stores in Florida, Illinois, and Texas. Located at Herald Square, this newest flagship...