Latest Articles in Business

Shein reigns supreme, taking the lead apparel market share in 2024 amidst a tough economy

Shein, the ultra-fast fashion giant from China, strengthened its ever-tightening grip on the apparel market in 2024, outpacing competitors once more as budget-conscious consumers continued to turn to familiar brands amid growing economic uncertainty. The Singapore-based Shein is estimated to have extended its apparel market share by 0.24...

BusinessMember

US increases imports ahead of possible tariff hikes

Imports from the United States increased by 12.1 percent in January 2025 compared to December 2024. This is probably due to American companies anticipating the tariff increases that President Donald Trump wants to impose on foreign goods, according to the latest World Trade Monitor (WTM) from the Netherlands Bureau for Economic Policy Analysis...

BusinessMember

Tous surpasses 500 million euros in annual sales in 2024

Madrid – The jewellers Tous have just reported their financial results at the close of their latest financial year in 2024. This was the first year that the company concluded under the implementation of its new strategic “GEM” plan. This plan has proven to be a real game-changer, given the outstanding performance achieved, surpassing the 500...

BusinessFeaturedMember

Who is Hunkemöller's new owner, Redwood Capital Management?

After three years, Dutch lingerie retailer Hunkemöller is changing hands once again. Investment firm Redwood Capital Management is taking over ownership from Parcom and Opportunity Partners at a time when Hunkemöller is in the midst of a transformation program. Who is Redwood Capital Management, Hunkemöller's new owner? Redwood Capital...

BusinessMember

EU Environment Agency: Europeans are buying more clothes than ever before

People in the European Union are consuming more clothing, shoes, and other textiles than ever before. This is what the European Environment Agency (EEA) says in a new report, which it plans to officially present on Wednesday. According to the report, in the most recent comparison year, 2022, EU citizens bought an estimated average of 19...

BusinessFeaturedMember

Change of ownership: Hunkemöller back in American hands

After three years under Dutch ownership, lingerie chain Hunkemöller is changing hands again, according to a press release. Investment firm Redwood Capital Management is taking over from Parcom and Opportunity Partners. “This change of ownership marks a new chapter for the leading European lingerie brand,” said Hunkemöller. Hunkemöller recently...

BusinessMember

Temu parent company PDD Holdings increases annual sales by 59 percent

The publicly traded e-commerce group PDD Holdings Inc., which operates the online platforms Temu and Pinduoduo, significantly increased its revenue in fiscal year 2024. However, the growth rate in the fourth quarter was below the annual average, according to preliminary, unaudited figures released by the company on Thursday. According to the...

BusinessMember

C&A continues its restructuring, 300 jobs threatened in France

Paris - Dutch fashion brand C&A, established in France for over 50 years and which has been restructuring its store network for several years, has just announced a new project that puts more than 300 jobs at risk. Announced to its employees on March 14, the new workforce reduction plan has not gone down well with the unions, particularly the CGT...

BusinessMember

Coty: Skims acquires stake in SKKN by Kim

Coty Inc. has sold its shares in the SKKN by Kim brand. The US cosmetics company has sold its 20 percent stake in Kim Kardashian's cosmetics brand to Skims, Coty announced on Friday. Following the transaction, the shapewear provider co-founded by the media personality and businesswoman will combine the beauty and lifestyle ventures under one...

BusinessMember

ReBound and ESO Recycling forge partnership to advance circular footwear returns

ReBound Returns has unveiled a strategic partnership with ESO Recycling, reinforcing its commitment to circular retail solutions and enhancing compliance with Extended Producer Responsibility (EPR) regulations. The collaboration will enable retailers leveraging ReBound’s omnichannel returns management platform to access ESO Recycling’s expertise...

BusinessMember

Damson Madder expands into eyewear for fifth anniversary

London-based Damson Madder has expanded into the eyewear category for the first time to celebrate its fifth anniversary. The launch comes as part of a month-long series of marketing activations for the British womenswear brand, and alongside the launch of its spring/summer 2025 collection. As such, the label’s first eyewear collection intends to...

BusinessMember

Crystal group Swarovski marginally increases sales in 2024

Austrian company Swarovski Crystal Business recorded sales growth of six percent to 1.9 billion euros in the year to December 31, 2024. The growth driver was the jewellery segment, which grew by 9 percent, three times as fast as the general market, the company stated in a press release. All regions contributed to the growth, however Europe lead...