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Vestiaire Collective report: Second-hand market grows three times faster than new goods

According to a new study by the resale platform Vestiaire Collective and the Boston Consulting Group (BCG), second-hand fashion and vintage luxury products are projected to reach a market volume of up to 360 billion dollars by 2030, compared to the current 210 to 220 billion dollars. This represents an annual growth of 10 percent, a rate three...

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N Brown puts 270 jobs at risk amid reorganisation

N Brown Group has launched a consultation that is understood to have put 270 jobs at risk as part of a wider restructuring underway at the business. The group, which owns the likes of Jacamo and Simply Be, has confirmed that 200 roles at its Manchester head office may be impacted, as well as 70 roles at its warehouse. The company confirmed the...

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Frasers Group becomes majority stakeholder in luxury retailer The Webster

The Webster is set to sell a majority stake of the company to British retail giant Frasers Group as part of a new strategic partnership. The leading shareholder position is currently held by founder and chief executive officer of the luxury retailer Laure Hériard Dubreuil and her family. Through the deal, Frasers intends to provide its own...

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Uniqlo's global expansion drives strong financial results for Fast Retailing

Fast Retailing, the parent company of Uniqlo, reported strong financial results for the year ended August 31, 2025, with revenue rising to 3.4 trillion yen (22.26 billion dollars), up 9.6 percent year-on-year and profit attributable to owners of the parent expanding to 433 billion yen, an increase of 16.4 percent. This marks the fourth...

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Tod's faces judicial administration over claims of "severe labour exploitation"

The Milan Public Prosecutor's Office has requested to place the Marche-based company Tod's spa under judicial administration for negligently facilitating "severe labour exploitation" along its production chain. The request from public prosecutor Paolo Storari is addressed to Italy's Court of Cassation, which has scheduled a hearing for November...

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New Kering CEO charts turnaround plan with customer focus and faster timelines

The new chief executive officer (CEO) of luxury group Kering, Luca de Meo, is set to speak with the group's key managers. This group comprises several hundred executives. They will meet after reviewing a memo outlining several workstreams to revive the group, AFP learned on Wednesday, confirming a report from La Lettre. The meeting will take the...

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French department store operator dropped by investment bank following Shein collab

French department store operator Société des grands magasins (SGM) has seen its deal to acquire the property of the Parisian department store BHV Marais collapse after its new partner, fast fashion giant Shein, caused the withdrawal of a key state-backed investor. SGM, which operates BHV, has condemned what it calls “political pressure” but...

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US tariffs spark concern in India's textile capital

Tiruppur, India - The roar of sewing machines has given way to an unusual quiet in the textile factories of Tiruppur, in southeastern India. Since the tariffs on Indian exports was imposed by Donald Trump at the end of August, most have been operating at a reduced capacity. “US orders are almost at a standstill,” notes a disappointed Ramesh...

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Logicbroker acquires Virtualstock to expand dropship network

Logicbroker, the firm behind the intelligent commerce network used by some of the world's largest retailers, has announced its acquisition of UK-based online retail technology leader, Virtualstock. The combined entity will create a new global leader in multi-party commerce, forming one of the largest international dropship supplier networks with...

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Depop's operating loss narrows amid strong revenue growth

Depop Limited, the circular fashion marketplace headquartered in London, achieved strong financial results for the year ended December 31, 2024, reporting a 42 percent surge in revenue and a 14 percent reduction in operating loss. Revenue for the year rose to 101.6 million pounds, while the operating loss narrowed to 42 million pounds from 49.1...

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H&M and investors back Indian innovator AltMat

Indian material developer AltMat has completed a new funding round, the company announced on LinkedIn. The investors include major names such as H&M, investment funds Rainmatter by Zerodha and Turbostart, and the sustainable innovation platform Fashion for Good. AltMat started with the latter 14 years ago through a startup programme. AltMat...

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Fred Perry sees profits grow in 2024 despite dip in revenue

British premium brand Fred Perry reported a slight decline in revenue for the financial year to December 31, 2024, as a reduction in discounting and other macroeconomic factors impacted performance. In a filing with the UK’s Companies House, the label reported a revenue decrease of 3.7 percent compared to the year prior, amounting to 143.6...