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EssilorLuxottica FY25 profit down, revenues rise; sees growth ahead

French ophthalmic company EssilorLuxottica reported Thursday weak profit in fiscal 2025, while revenues were benefited by imporved performance in all regions. Looking ahead, the company expects over the next five years, on average, a solid growth of its total revenue and a broadly aligned growth of the adjusted operating profit at constant...

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Bugatti CBO Florian Wortmann: “We can all be spared for two or three months”

Fashion moves so quickly that pressing the ‘pause button’ seems almost impossible. Taking time off, however, can help one return full of energy and new ideas. Nevertheless, the topic still seems to be a taboo in the industry, especially for executives. Florian Wortmann, chief brand officer at the German brand Bugatti, has taken at least a short...

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Jigsaw to expand retail footprint following sales growth

Premium British fashion brand Jigsaw is celebrating a successful turnaround after delivering what it calls a “standout Christmas trading period,” following a strategic reset of the business in quarter 2 of 2025. In a statement, Jigsaw reports that festive sales were up 26 percent year-on-year, while profit margins increased by 35 percent, driven...

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Professional equality: When Kering turns social responsibility into an intangible asset

As the luxury sector enters a phase of structural rationalisation, performance is no longer measured solely by income statements. Social governance, employer attractiveness and mastery of non-financial criteria are becoming key competitive variables. In this context, Kering's publication of its 2025 Professional Equality Index goes far beyond a...

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Unsold goods: EU bans their destruction, imposing a new model on fashion

A practice long considered a necessary evil in industrial fashion will become illegal from July 19. The EU will prohibit large companies from destroying their unsold clothing, footwear and accessories, ending the annual incineration and landfilling of millions of new items. Enshrined in the Ecodesign for Sustainable Products Regulation (ESPR),...

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Ace & Tate acquires Spanish brand Project Lobster

Dutch eyewear specialist Ace & Tate has made an acquisition. The company has acquired its Spanish counterpart, Project Lobster, as announced in a press release. The financial details of the deal have not been disclosed. Project Lobster has stores in Valencia, Barcelona and Madrid. The brand offers both sunglasses and prescription glasses, but at...

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Saks Global announces store footprint optimisation for profitable growth

Saks Global, the luxury retail entity formed through the acquisition of Neiman Marcus Group, has announced a strategic optimisation of its store footprint and service model to drive profitable growth. Store optimisation to drive growth The first phase of this transformation includes the closure of eight Saks Fifth Avenue locations and one Neiman...

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How can DPPs support OECD due diligence in global fashion supply chains?

The digital product passport (DPP) serves as a structured digital record under the Ecodesign for Sustainable Products Regulation (ESPR). These passports do not replace due diligence but rather act as "structured containers" for the necessary data to support it. This is what Catherine Lomonaco, founder of GoTrace, highlighted at a webinar on 10th...

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Bad Bunny and Zara dethrone Rihanna to become artist with greatest impact in Super Bowl history

There is currently no space, physical or virtual, worldwide where the historic performance of Puerto Rican singer Bad Bunny during the 2026 Super Bowl halftime show is not being discussed. What might seem like a personal impression is, in fact, a confirmed reality. The initial economic analyses of the singer's performance last Sunday at Levi's...

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Francesca’s: The journey to a second bankruptcy for the mall-based retail chain

US retail chain Francesca’s has filed for Chapter 11 bankruptcy protection in the US Bankruptcy Court for the District of New Jersey. The news comes after media reports speculated that the company was already in the process of liquidating its inventory and was planning to close stores. At the time, it was suggested that Francesca’s was also...

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LuxExperience: Mytheresa remains growth engine

LuxExperience, the parent company of German luxury retailer Mytheresa, has reported strong sales growth for the second quarter of 2025/26 and confirmed that the integration of the Yoox Net-A-Porter (YNAP) platforms remains on schedule. During the three months ending December 31, 2025, the Mytheresa segment generated revenue of 242.70 million...

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Asics eyes India growth as consumers prioritise healthy lifestyles

The head of Asics’ India business has said the company expects significant growth in the region as a wider number of affluent consumers increasingly prioritise healthier lifestyles. Speaking to Bloomberg, Rajat Khurana, the managing director of Asics India Pvt, said he is aiming for the Japanese shoemaker to become the number one player in...