Latest Articles in Business

Hugo Boss recommends rejecting Frasers Group's takeover bid

Fashion group Hugo Boss considers the takeover bid from major shareholder Frasers Group to be inadequate. “The offer price of 38.00 euros per share does not adequately reflect the standalone value and future value creation potential of Hugo Boss,” the company announced on Thursday. The offer has been subjected to an independent review process....

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Digital Brands Group forecasts profitable quarter, citing university and government deals

DBGI (Digital Brands Group) is guiding for Q3 2026 revenue of 8.5 million to 11 million dollars, expecting to hit breakeven or positive net income. The announcement is a big deal for a company that lost 3.5 million dollars in Q3 2025, claiming a 500 to 650 percent YoY revenue jump. The Texas-based company, which operates eCommerce apparel brands...

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Fast Retailing ups profit forecast following strong Q3 performance

Fast Retailing, the owner of Uniqlo, has increased its full-year profit outlook for FY26 following a boost in performance during the third quarter. For the three months to May 31, the Japanese retail giant saw its operating profit increase 45.7 percent to 213.79 billion yen (1.3 billion pounds), up from 146.74 billion yen in the year prior. As a...

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Destination XL board advises stockholders against Zodiac's 'opportunistic' bid

The board of directors at Destination XL Group Inc., (DXL), a publicly traded retailer specializing in Big + Tall men’s apparel, has advised that stockholders reject the revised offer made by Zodiac Partners II, LLC (“Zodiac”) on June 23 to acquire all outstanding shares of DXL for 0.84 dollars per share in cash, and not tender their shares....

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Authentic accelerates Lee’s European expansion with new partner

Authentic Brands Group is accelerating its European expansion of Lee through a new long-term partnership with Experience Group. The deal intends to strengthen Lee’s presence across wholesale, retail and e-commerce, while further extending the brand’s international reach. Through the agreement, which will come into effect after Authentic...

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Marine Serre enters receivership

Luxury brand Marine Serre was placed into receivership on July 7. The brand is now seeking an investor to continue its operations, according to reports from WWD. Famous for its crescent moon logo, Marine Serre has successfully attracted a large customer base by championing sustainable fashion through a circular approach that underpins its...

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New ReHubs board to accelerate industrial scale of textile recycling

The European textile recycling alliance, ReHubs, has appointed a new board to drive the further development of textile-to-textile recycling in Europe. New board members are Luca Campadello of Italy's Erion; Kasper Damsø of Denmark's NewRetex; Gianluca Pandolfo of France's Reju; and Paolo Sandri of Thai chemical group Indorama Ventures....

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Levi Strauss & Co. exceeds Q2 market expectations, raises annual forecast

US apparel company Levi Strauss & Co. (LS&Co.) has once again exceeded market expectations in the second quarter of its 2025/26 financial year. Following the unexpectedly strong results, the denim specialist raised its annual forecast again on Wednesday evening. In the three months to May 31, revenue amounted to 1.56 billion dollars. This...

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Vinted forms part of coalition launching European Media Marketplace

Vinted has joined a coalition of European companies across media, telecoms, retail, and advertising technology, launching a new initiative: the European Media Marketplace. The initiative, launched on July 7, aims to change how advertisers, agencies and publishers activate campaigns and connect across Europe's open web. Among the first founding...

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Alma Mater unveils athlete investor group ahead of fundraising round

Golf footwear brand Alma Mater has announced a new group of athlete investors as it prepares to open its next fundraising round, bringing together professional golfers and stars from the NFL, NHL, MLB and NBA. The investor line-up includes golfers Taylor Montgomery and Natasha Oon, NFL players Jordan Poyer and Levi Wallace, NHL veterans Joe...

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NCTO pushes for tougher forced-labor tariffs in USTR Section 301 investigation

The National Council of Textile Organizations (NCTO), a Washington, DC-based trade association that represents the full breadth of the US textile industry, has offered recommendations in the US Trade Representative’s (USTR) ongoing Section 301 investigations, calling for new tariffs on apparel imports from countries at risk of forced labour in...

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MVC Group opens UK subsidiary to manage Castelli and Sportful distribution

MVC Group, a company specialising in technical apparel for cycling and outdoor sports, has established MVC UK Group Ltd. This marks the group's tenth international subsidiary. The new entity will manage the direct distribution of the Castelli and Sportful brands in the UK and Ireland. Management explained this will "generate synergies and...