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Castore snaps up heritage label Belstaff to drive global growth

Sportswear brand Castore has announced its intention to acquire Belstaff in a deal that intends to accelerate the joint international growth of both brands. The company said it has agreed to acquire 100 percent of Belstaff’s shares on a debt-free, cash-free basis. Financial terms of the deal were not disclosed. As part of the transaction,...

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Victoria’s Secret Q2 sales up as momentum accelerates under new leadership

Victoria’s Secret welcomed a marginal increase in sales for the second quarter of the financial year, prompting the lingerie giant to raise its full-year outlook. For the 13-week period ended August 2, the company saw net sales rise 3 percent year-over-year, from 1.417 billion dollars in the year prior to 1.459 billion dollars. This came above...

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Wolford: Revenue decline in first half

Wolford AG faced "repercussions of business disruptions" in the first half of the current 2025 financial year. In the first six months, the Austrian apparel supplier's revenue decreased by 10.1 million euros to 33 million euros compared to the previous year. This was revealed in an ad hoc announcement published on Thursday. Wolford attributes...

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Louis Vuitton under investigation in US for data breach

French luxury giant Louis Vuitton is under investigation in the US for a data breach in which hackers gained unauthorised access to customer information. The US subsidiary of the brand, Louis Vuitton North America, Inc., has been accused of potentially violating state and federal laws after it delayed notifying impacted individuals following the...

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Prominence and underwear: PVH's focus for Calvin Klein and Tommy Hilfiger

Calvin Klein and Tommy Hilfiger are to become two of the world's most desirable lifestyle brands. This long-term goal has been set by PVH Corp, the US parent company of the two labels. “The second quarter marked another step on our multi-year journey to unlock the full potential of Calvin Klein and Tommy Hilfiger and to gradually build them into...

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Spinnova buys out Suzano, takes ownership of Woodspin

Finnish material innovation firm Spinnova has entered an agreement to buy all the shares of distributor Woodspin Oy and raw materials provider Suzano Finland Oy for a total of two euros per share. The agreement will transfer ownership of the two companies from Brazilian company Suzano S.A. to Spinnova, which will also make a capital contribution...

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Abercrombie & Fitch: Young Hollister clientele ensures record revenue

Abercrombie & Fitch Co. exceeded expectations in the second quarter of the 2025/26 financial year, achieving another record revenue. The US-based apparel provider increased its revenue by 7 percent year-on-year to 1.2 billion dollars. This made the quarter, which ended on August 2, the eleventh consecutive quarter of growth for the company,...

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Destination XL Group shifts focus to private brands as it swings to loss in Q2

Destination XL Group (DXL) has said its results for the second quarter of the year reflect a “softness” in the big and tall sector, as the company swings to a loss and total sales drop. The specialty retailer reported a net sales decline of 7.5 percent to 115.5 million dollars, decreasing on the 124.8 million dollars seen in the same period of...

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Free People boosts Urban Outfitters results in first half

American fashion group Urban Outfitters, Inc. (UO) saw increases in both revenue and profit in the first half of the year. UO is the parent company of retailers Anthropologie and Urban Outfitters, fashion brand Free People and clothing rental company Nuuly. The group's revenue rose by 11 percent in the first six months. This resulted in record...

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Perfect Moment secures 6.6 million dollars in financing

Skiwear brand Perfect Moment has completed two financing transactions totaling around 6.6 million dollars, and is thus “positioned to accelerate growth following a series of operational and strategic initiatives implemented earlier this year”. Much of the new funding comes from chairman of the board, Max Gottschalk, who extended a total of over...

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Kohl’s Q2 performance comes ahead of expectations amid turnaround plan

Progress has been made with the turnaround strategy of Kohl’s. The US retail giant reported a “sales performance that came in ahead of our expectations” for the second quarter, interim CEO, Michael Bender, said. “While it is clear that these initiatives are beginning to resonate with our customers, our team remains focused on delivering...

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Guess? revenues rise as it prepares for go-private deal

Guess?, Inc. has announced a 6 percent increase in revenue to 772.9 million dollars for its second quarter of fiscal year 2026, up from 732.6 million dollars in the same period last year. The revenue rise, driven by strong performance in Europe and North America, comes as the company moves towards a proposed take-private transaction. The Los...