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EU-Australia FTA: Tarriff removal and export growth projections

The European Union and Australia have concluded negotiations on a comprehensive free trade agreement (FTA), marking a significant step for international business and trade. The agreement, finalised during a meeting between European Commission president Ursula von der Leyen and prime minister of Australia Anthony Albanese, will remove over 99...

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Pepco Group reports positive momentum in half-year trading update

Luxembourg-based variety discount retailer Pepco Group has announced a pre-close trading update for the first six months of its 2026 financial year. The group reported continued growth in revenue and gross margin, bolstered by a strong performance in its largest market, Poland, and double-digit growth in Western Europe. The company, which...

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Hennes & Mauritz reports strong profit growth in first quarter despite sales decline

The Swedish apparel group Hennes & Mauritz AB (H&M) experienced a significant decline in sales in the first quarter of the 2025/26 financial year, largely due to negative currency effects. However, the parent company of brands such as H&M, Cos, Weekday, & Other Stories and Arket managed to significantly increase its profit. This was revealed in...

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Circular Assets: How SMCP is regaining control of the resale market to drive profitability

Long considered a peripheral or even competing market, second-hand fashion is now establishing itself as a new engine for growth and product cycle monetisation in affordable luxury. By deploying its own white-label resale solution, the SMCP Group is doing more than just following a trend: it is reclaiming a market segment that brands had...

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Estée Lauder loses 5.22 billion dollars on stock market after confirming Puig negotiations

Madrid – In Spain, investors, the market and analysts have enthusiastically welcomed the talks between Puig and The Estée Lauder Companies for a potential merger agreement. A decidedly opposite sentiment is being felt on the other side of the Atlantic, where the US beauty multinational's shares recorded another session in the red on March 24. On...

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Poshmark launches redesigned app

Online fashion resale marketplace Poshmark has launched a renewed version of its app, which is said to offer users a “cleaner, more focused” design aimed at making it easier to discover what they are searching for. The revamped app offers users additional features and enhanced options such as Guided Discovery, Streamlined Closets, a Simplified...

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Global economic update: oil prices fall, stock markets reassured amid Middle East conflict

Paris, France – The latest global economic developments on Wednesday at approximately 8am GMT, as the war in the Middle East enters its 26th day. Oil prices fall Oil prices fell on Wednesday, with Brent dropping below 100 dollars, following Iran's announcement that it would unblock the Strait of Hormuz for ships deemed “non-hostile” and the...

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Asos reports 50 percent increase in underlying profitability for first half

UK online fashion retailer Asos has announced a significant improvement in its financial performance for the first six months of the financial year ending March 25, 2026. The group reported an approximate 50 percent year-over-year increase in adjusted EBITDA, driven by enhanced gross margins and rigorous cost discipline. According to the...

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Epoch Biodesign closes a 12 million US dollar funding round

UK biotechnology company Epoch Biodesign has closed a 12 million US dollar strategic funding round, including investment from Canadian activewear brand Lululemon, alongside Kompas VC, Happiness Capital, Extantia and Leitmotif (a VC backed by Volkswagen) to accelerate the commercialisation of recycled nylon. In a statement, Epoch Biodesign, a...

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Gap introduces conversational AI-driven experiences to online shopping

Gap Inc. is introducing two new technologies to its online shopping experience, each designed to “transform how customers shop” and instill confidence into their e-commerce journey. One feature, built alongside AI body data platform Bold Metrics, will see Gap embed predictive fit guidance into “AI-driven shopping flows”. With this, customers...

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Sandbridge Capital investment to fuel Jacquemus' international growth and beauty sector entry

According to sources from Modaes, Simon Porte Jacquemus has reportedly sold approximately 5 percent of his house to Sandbridge Capital, a Californian fund specialising in luxury, beauty and wellness. This transaction, although awaiting official confirmation, complements the financial structuring plan of a brand already engaged in a phase of...

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Ba&sh surpasses 300 million euros: drivers of an accelerated recovery

After two challenging financial years, Ba&sh has returned to a tangible growth trajectory. The French premium ready-to-wear brand once again surpassed 300 million euros (348 million dollars) in turnover in 2025, with a 9 percent like-for-like increase, according to data released by the group. In France, growth reached 11 percent, confirming a...