Latest Articles in Business

Trump doesn't see a need to bring back textile manufacturing to the US

President Donald Trump has stressed that his US tariff policies, impacting global trade and supply chains across several industries and financial markets, are intended to encourage and support domestic manufacturing of advanced technology and defense equipment, not consumer goods like t-shirts or sneakers. Talking with reporters prior to...

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New investor found for La Perla: Production and jobs secured

The wait is over for La Perla. As the Italian Ministry of Enterprise and Made in Italy (Mimit) announced today, an industrial investor has been found for the Italian lingerie label. This investor is expected to secure production and jobs, leading the heritage brand into a new future. The new industrial player, along with the associated...

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Authentic Brands Group announces strategic partnership with Reshop

Authentic Brands Group (Authentic), a global brand development and licensing platform, signed a strategic partnership with Reshop. A relatively new platform launched in 2024, Reshop streamlines refunds for consumers and merchants, the partnership sees Reshop become the instant refund provider for all brands within the Authentic portfolio. Set to...

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Bloobloom secures three million pounds funding to bolster expansion

Bloobloom has announced the closing of a three million pound follow-on funding round which it said it would use to aid the roll out of European stores. The British eyewear brand also noted that it had its eyes on expanding its online presence in the US. The funding was led by Pembroke VCT, which had initially invested 2.5 million pounds into...

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Slikk secures 10 million dollars to expand fast fashion delivery and Try & Buy model

Slikk, an online platform that delivers clothing and accessories within 60 minutes in Bengaluru (southern India), secured 10 million dollars in a series A round. Nexus Venture Partners led this round, with participation from Lightspeed. The founders announced this via the career platform LinkedIn. Slikk is using the investment to expand its...

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US tariffs drive deceptive spike in Swiss watch exports

Boosted by a surge in US demand, Swiss watch exports jumped by 18.2 percent in April 2025. However, this increase mainly masked the sector's deep concern about the new tariffs imposed by Washington. A cyclical surge linked to US trade policy The Swiss watch industry experienced a spectacular upturn in April 2025. According to data from the...

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EU approves Eco-Score methodology to assess clothing's environmental impact

On 14 May 2025, the European Commission officially approved the Product Environmental Footprint (PEF) methodology for the textile and footwear industries. Commonly referred to as the “Eco-score,” this initiative aims to measure the environmental impact of clothing and footwear across their entire life cycle. The development marks a major...

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Trump's tariff threat: How European luxury brands are preparing

While Donald Trump had threatened to impose duties of 50 percent on European imports from June 1, the White House eventually decided to extend the tariff pause until July 9. This decision, reported by Reuters on May 26, 2025, reflects an unavoidable reality: trade between the US and the European Union is essential in both directions. In 2024,...

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Hudson’s Bay plans to sell 28 store leases to Chinese investor

Canadian department store chain Hudson’s Bay is believed to be eyeing the sale of up to 28 of its store leases to a Chinese investor who wishes to build “a new modern department store”. In a press release seen by multiple media outlets, including CBC, it is said that Hudson’s Bay will seek court permission to sell a group of properties to Ruby...

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Dsquared2 and Staff International settle legal dispute, agree to continue collaboration

Peace has been made between Dsquared2 and Staff International. The duo have signed a strategic agreement to continue their collaboration in the production and distribution of Dsquared2's ready-to-wear collections. “This decision will lay the foundations for a collaborative approach, with Staff International supporting the brand in the...

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European commission demands action from Shein for consumer rights violations

The European Commission and various national watchdogs from EU member states are urgently calling on Shein to respect consumer protection laws. The call follows an investigation by the Consumer Protection Cooperation (CPC), which concluded that the Chinese retailer Shein was violating several laws. The CPC wants the retailer to correct the...

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Woolmark launches Wool Lab Denim Edition to cater to rising demand

Wool industry certifier Woolmark has announced the launch of the Wool Lab Denim Edition, two books aimed at catering to the rising demand for wool-infused denim. The Australian organisation debuted the new initiative during Milan’s Denim PV event, where it presented a space highlighting the nature of wool denim. The dedicated Wool Lab edition...