Latest Articles in Business

Net-a-Porter London warehouse workers resume strike after rejecting pay offer

Workers at Net-a-Porter’s Charlton warehouse have resumed their strike after rejecting the luxury e-tailer’s latest pay offer. After a period of postponement, action by members of trade union GMB walked out again on July 7 and continued into July 8. GMB said the majority of workers have rejected the company’s pay offer, with fresh redundancies...

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Fleek secures funding to drive second-hand fashion supply chain

London-based start-up Fleek, which is building the AI infrastructure to digitise second-hand fashion supply chains powering Vinted, Depop and Whatnot, has secured 25 million US dollars in Series B funding. The investment was led by Burda Principal Investments, an early Vinted backer and lead investor in its Series C round, with participation...

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Dickies appoints Just Now Distribution as it accelerates UK and Ireland growth

US workwear brand Dickies has named Just Now Distribution, in partnership with Luke Distribution, as its new commercial partner amid plans to accelerate growth in the UK and Ireland. The strategy, which also includes a regional wholesale footprint expansion, is being overseen by SportLux, the owner and operator of the Dickies label across...

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Shipping giants carefully navigate Red Sea Route again

German and Danish shipping giants Hapag Lloyd and Maersk announced in a routing update yesterday that they would resume services through the Red Sea route, effective immediately. This affects specifically their SE3 service, which is the gateway to Europe from China via the Middle East. SE3 starts from Qingdao in China or Kwangyang in South Korea...

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Gucci and L'Oréal reach 50-year licensing accord

L'Oréal and Gucci said they have reached a licensing agreement lasting 50 years for the French company to make perfumes and cosmetics under the name of the Italian fashion house, Gucci's parent company Kering said Tuesday. The agreement follows a decision to terminate a licence agreement between Gucci and US-based Coty a year before it was due...

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Inditex's Marta Ortega puts the 'human factor' before the rise of AI: “The real value is in people”

Madrid – This Tuesday, July 7, the Inditex group's headquarters in Arteixo, A Coruña, once again hosted the company's 2026 Annual General Meeting. The event was opened by Marta Ortega Pérez in what was her fifth address to the shareholders of the Spanish fashion multinational, owner of Zara, since she officially became non-executive chair of its...

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Resale robot 'Vnyx' photographs and prices second-hand clothing in two minutes

On the 25,000 square metre site of Milieuwerk, near Sloterdijk, Amsterdam, a group of brand owners, textile processors and investors have gathered for the launch of Vnyx. This robot is set to transform resale into an attractive market. Iced coffee and homemade pastries are ready for the attendees. From a two-metre-high mountain of clothes –...

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Vivek Veeramani joins XY Retail to strengthen strategic partnerships

XY Retail, the retail operating system for the Armani Group and other global luxury brands, has announced Vivek Veeramani as its new vice president, ecosystem and delivery. According to the company, Veeramani will strengthen strategic partnerships, supporting its next phase of growth. "Our success depends not only on the strength of our platform...

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Whering secures funding from Ebay Ventures and Google AI Futures

Wardrobe styling app Whering has raised 7 million US dollars in funding led by Ebay Ventures and Google AI Futures Fund, as it surpasses 10 million users globally. The London-based start-up, which launched in 2021 and was inspired by the iconic virtual wardrobe in the movie ‘Clueless,’ helps people create outfits from clothing and accessories...

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How current tariffs are impacting garment manufacturing and employment in Bangladesh, Vietnam and India

A series of escalating tariff regimes—most notably a universal 10 to 15 percent tariff implemented by the US—is triggering a massive reshuffling of global apparel sourcing. In addition, the US Trade Representative (USTR) launched a sweeping Section 301 investigation into forced labour compliance, threatening an additional 10 to 12.5 percent...

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Ex-Primark CEO Paul Marchant joins George at Asda

Paul Marchant, who resigned from his position as chief executive officer of Primark last year, joined George at Asda as a consultant. According to a representative of the brand, Marchant has been advising on long-term strategy for the George business "Paul is working with the George team to provide consultative support as we set out our strategy...

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Next reportedly preparing for bid on Harvey Nichols

British retail giant Next is believed to be preparing to launch a takeover bid for Harvey Nichols just days after the owner of the department store chain announced plans to sell the business. According to Sky News, Next has entered the race to potentially acquire the struggling retailer from billionaire entrepreneur Dickson Poon, who is mulling...