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Damiani Group signs agreement to acquire Baume & Mercier from Richemont

Swiss luxury conglomerate Richemont and Italian jewellery firm Damiani Group have signed an agreement for the latter to acquire full ownership of specialist watchmaker Baume & Mercier. The private transaction marks a significant shift for the historic watch brand as it joins one of Italy’s last independent family-run luxury groups. With a legacy...

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Vinted announces “major” US expansion to address growing demand

European resale platform Vinted has made a more definitive leap over the pond to launch its services in the US. Its expansion in the region, beginning with New York, responds to evidence of a growing need among Americans for an outlet to offload their secondhand goods. The latest shift hints at an intention to potentially scale the platform in...

Fashion

Menswear: Issey Miyake plays with form in Paris

Japanese house Issey Miyake presented the new collection from its IM Men label in Paris on Thursday. The show took place on the third day of Paris Fashion Week, showcasing a fluid and colourful range. Unveiled in the heart of the Collège des Bernardins, the new autumn collection was aptly named "formless form". Coats were long and loose, as were...

Fashion

Loughborough fashion students impress NEXT with sustainable capsule collections

Second-year students from Loughborough University’s School of Design and Creative Arts have earned praise from high-street retailer NEXT after designing sustainable capsule collections for a live industry brief. The project challenged students to develop six-look ranges that combine trend-relevant fashion with environmental responsibility for a...

Retail

Ralph Lauren opens new store & debut Ralph'a Coffee in Newport, California

Ralph Lauren continues its retail expansion push across the West Coast with the opening of a new store in California and its first-ever Ralph’s Coffee location in the state. Located at Fashion Island, in Newport Beach, the new store features products across several of the American fashion house’s labels, including Ralph Lauren, Double RL, Women’...

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Primark confirmes 2.7 percent like-for-like sales decline in Christmas quarter

Associated British Foods (ABF) today released its finalized revenue report for the 16-week period ending January 3, 2026, confirming that its retail powerhouse, Primark, performed in alignment with the cautionary estimates issued on January 8, 2026. Like-for-like sales at Primark clothing business fell 2.7 percent during the Christmas quarter....

Fashion |In Pictures

Kenzo PFW AW26: A return to Kenzo Takada's home as a narrative of refuge

Kenzo has returned to the home of label's founder Kenzo Takada. During a period of economic uncertainty, Nigo, artistic director of the Kenzo brand (LVMH), chose to present the autumn/winter 2026/2027 collection in the intimate and poetic setting of the late Kenzo Takada's home. At 8 Rue Sedaine in Paris, architect Xavier de Castella designed a...

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Canopy outlines details of 2 billion dollar investment blueprint for decarbonization in India

Solutions-driven environmental non-profit Canopy has outlined the finer details of its new 2 billion US dollar finance platform designed to speed up the growth of low-carbon materials and transform the paper, packaging, and textile supply chains. Said to be the first of its kind, the new initiative, announced at the World Economic Forum in Davos...

Retail

Nordstrom Rack announces relocation of downtown Seattle store

Department store group Nordstrom, Inc. has shared plans to relocate its Nordstrom Rack downtown Seattle store. The Seattle-based retailer is set to move its off-price retail store to 601 Pine Street, with the new store scheduled to open sometime in spring 2027. "We're excited to welcome customers to our beautiful new downtown Seattle location,...

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Joanie announces closure due to “adverse trading conditions”

British clothing brand Joanie, known for its vintage-inspired apparel and footwear for women, has announced its closure on social media and has stopped taking online orders. In a statement, Joanie said: “We created Joanie over many years of hard work, and have been a proudly independent brand and business for over 9 years. We’ve enjoyed many...

Retail

Stitch Fix launches new Compliment Guarantee to help boost confidence

Online personal styling service Stitch Fix has launched a new guarantee to help reinforce the notion that great style goes further than just clothes, but that it is also about showing up confidently. Introduced ahead of National Compliments Day on January 24, Stitch Fix has introduced a ‘Compliment Guarantee.’ Designed to combat the...

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US President Donald Trump suspends Greenland tariffs

MADRID – Amid the volatile and unpredictable trade strategy defining the current U.S. administration, President Donald J. Trump has announced the suspension of the so-called “Greenland tariffs.” The decision was shared late Wednesday afternoon, following the President's address at the 2026 World Economic Forum in Davos. Utilizing his social...