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Debenhams secures 40 million pounds in oversubscribed fundraise

Online retailer Boohoo, now trading as Debenhams, has successfully completed an upsized and significantly oversubscribed fundraise, generating gross proceeds of approximately 40 million pounds (54.04 million dollars). The capital raise, upscaled from an original target of 35 million pounds due to strong investor demand, consisted of a placing...

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Walmart results expected to highlight big plans for AI

Fresh off of achieving a $1 trillion market value, Walmart will report earnings Thursday as markets look for signs the retail giant can accelerate growth with the aid of artificial intelligence. The results cover the crucial fourth quarter comprising the holiday shopping season and will be the first with Chief Executive John Furner, who ascended...

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Delta Galil reports strong Q4 and full-year 2025 financial results

Caesarea, Israel-based apparel manufacturer Delta Galil Industries has reported strong financial results for the fourth quarter and full year ended December 31, 2025, demonstrating resilience despite a complex global retail landscape. For the full year, sales climbed 4 percent to 2,118.9 million dollars, supported by fourth-quarter performance...

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eBay announces strong 2025 results and definitive agreement to acquire Depop

eBay Inc. reported robust financial results for the fourth quarter and full year of 2025, a period chief executive officer Jamie Iannone described as a "milestone year" driven by disciplined strategic execution and a focus on recommerce. For the full year ended December 31, 2025, the company generated 11.1 billion dollars in revenue, an 8...

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Brunello Cucinelli reports 1.41 billion euros turnover for 2025

Brunello Cucinelli reported a turnover of 1.41 billion euros (1.66 billion dollars) for 2025. This represents an increase of 11.5 percent at constant exchange rates and 10.1 percent at current exchange rates. The company's net profit reached 142 million euros, up 10.5 percent, with a sales incidence of 10.1 percent, in line with the previous...

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Sheertex owner finds buyer following strategic review

Srtx Inc, the Canadian materials innovator that makes rip-resistant tights under the Sheertex brand, has found a buyer, months after announcing a strategic review to strengthen the business and support its long-term potential. In a statement, Srtx said it has entered into a definitive agreement with Montreal-based manufacturer and wholesaler,...

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American Exchange Group acquires watchmaker E. Gluck Corporation

Accessories and manufacturing firm American Exchange Group has acquired the assets of respected watchmaker E. Gluck Corporation for an undisclosed amount. The acquisition will form a new company, E. Gluck Holdings LLC, which aims to operate as “the premier and largest wholesale fashion watch and jewellery company in the industry,” explains...

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Puig surpasses 5 billion euros in turnover and boosts profits by 13 percent

Madrid – Following the update from FashionUnited earlier this week, the Spanish fashion and beauty multinational Puig Group presented its annual results for the 2025 financial year on Wednesday. This marks the first time the company has done so before the start of a trading session since its stock market debut. The fiscal year ended on December...

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Argentine textile employment, a collateral victim of the opening to imports

Buenos Aires - At a clothing factory in Buenos Aires, dozens of workers watch with concern as the garments Imported sewing machines are gaining ground against idle sewing machines, a postcard from the crisis in the Argentine textile industry in the face of open-market policies commercial of the government of Javier Milei. At Confecciones Seman,...

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Abu Dhabi: What are the business opportunities for fashion brands in the Middle East?

What commercial development prospects does Abu Dhabi, the cultural capital of the United Arab Emirates, currently offer fashion brands? To shed light on these issues, FashionUnited interviewed David Dessureault, general manager of business development at Chalhoub Group, and Reda Keddaj, general manager of Tryano. Tryano is a multi-brand concept...

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Founder of Antthony Design Originals files federal lawsuit against QVC & HSN

Antthony Mark Hankins, founder and designer behind Antthony Design Originals, has filed a federal lawsuit against QVC and HSN following the “the abrupt and unjustified” termination of a long-standing retail partnership. The case, which was filed on February 11, sees the plaintiff, Hankins, seeking 30 million US dollars following the end of a...

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Maison Margiela drives growth for OTB Group amidst overall revenue decrease

Otb's revenue amounted to 1.7 billion euros (2.01 billion dollars) at December 31, 2025, down 4.8 percent at constant exchange rates compared to 2024. On Tuesday, through a statement, the group which owns the brands Diesel, Jil Sander, Maison Margiela, Marni, Viktor&Rolf, the companies Staff International and Brave Kid, and a stake in the brand...