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Fear of God eliminates CEO role after Bastien Daguzan's departure

US luxury label Fear of God has announced a significant shift in its corporate governance following the departure of its chief executive officer (CEO), Bastien Daguzan. The Los Angeles-based brand confirmed it has “made the decision to remove the office of the CEO from its organizational structure,” according to a statement cited by multiple...

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Uniqlo parent Fast Retailing raises its forecast again and sets its sights on the US

Tokyo - Japanese ready-to-wear giant Fast Retailing (Uniqlo) on Thursday again raised its forecast for its 2025/26 fiscal year. This follows robust first-half profits. The company intends to accelerate its international expansion, particularly in the US, where it is partnering with the leading baseball team, the Dodgers. The Japanese apparel...

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Vinted reaches 1.1 billion euros in revenue for 2025, accepting a strategic drop in profits

International resale platform Vinted has unveiled its annual results for the 2025 financial year. The group reported significant growth in its global business volume, reaching 10.8 billion euros (12.59 billion dollars), a 47 percent increase on the previous year. Revenue totalled 1.1 billion euros, marking a 38 percent year-over-year increase....

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H&M plans to close & Other Stories' French design studio

Paris, France - Swedish ready-to-wear group H&M plans to close the French design studio of its brand & Other Stories. A representative for the brand confirmed this to AFP after the trade union Force Ouvrière raised concerns about the elimination of just under 30 positions. "We must continue to strengthen our business for the long term and ensure...

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Textile recycler Spinnova resumes trial runs at Finnish factory

Finnish textile technology company Spinnova has started test runs at its Woodspin demonstration factory in Jyväskylä, the company announced in a press release. The aim of these trials is to validate its recycling technique, which converts plant-based material into textile fibres, on a larger scale to increase production efficiency and fibre...

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Fashion

Retailers and trend experts share footwear trends for autumn 2026

The buying season for autumn 2026 is now largely complete. As the next season approaches, retailers are shifting their focus to adjustments and additional buying opportunities. The in-season period provides a chance to respond to rapidly changing demand, new trends and unexpected bestsellers. Which styles remain commercially reliable? Where is...

Retail

Galeries Lafayette aims to become world leader in department stores by 2030

Paris - Building on “solid performance” in a “complex environment”, the Galeries Lafayette group announced on Wednesday an investment plan of 260 million euros by 2030. The company has the ambition of making its Parisian flagship on Boulevard Haussmann the “world's leading department store”. The historic brand has an international presence with...

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Spanish executive Marta Lastra named new CEO of US brand Altuzarra

Madrid – New York-based fashion brand Altuzarra, founded by French-American fashion designer Joseph Altuzarra, is restructuring its management with the appointment of Spanish executive Marta Lastra as the brand's new chief executive officer. She assumes the position with immediate effect, taking over from the designer himself. He will now rely...

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Kontoor Brands expands CFO role to include global oversight of Helly Hansen

Kontoor Brands has expanded the role of chief financial officer Joseph Alkire, who will now also take on global responsibility for the Helly Hansen business. The move, effective immediately, adds brand leadership to Alkire’s existing responsibilities as CFO and global head of operations, reflecting a strategic focus on accelerating growth across...

Fashion

Vuori names Tom Holland as a creative, strategic, and financial partner

American performance and lifestyle brand Vuori is continuing to drive its global presence after signing a new multi-year partnership with British actor, producer, and entrepreneur Tom Holland. In a statement, Vuori said that Holland would be joining forces with the company as a “creative, strategic, and financial partner,” where he would become...

Fashion

Jack Draper adds another fashion partnership with Axel Arigato

Tennis star Jack Draper, currently the UK’s number one-ranked tennis player, continues to be one of the sport's most marketable athletes after announcing a new sneaker partnership with Swedish footwear brand Axel Arigato. The move marks Axel Arigato’s first collaboration with an athlete, as part of the Swedish brand’s strategy to expand its...

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Court ends judicial administration for Valentino subsidiary, according to reports

The court-ordered judicial administration for Valentino Bags Lab SrL, a company belonging to the fashion house Valentino, has been ended early, according to media reports. According to a report by the news agency Reuters, the measure was imposed in May last year because the company, which produces accessories for the Valentino brand, allegedly...