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Luxury and AI: Are superhuman customer advisors on the horizon?

With the emergence of chatbot applications driven by artificial intelligence such as ChatGPT or Gemini, web browsing and search habits have evolved considerably. The effectiveness of these tools and the new behaviours they induce have influenced purchases and raised the expectations of luxury brand consumers to a higher level of demand in terms...

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Inside Mori’s 10-year growth playbook: Physical retail, pre-school expansion and US localisation

Now in its 10th year, Mori has its ambitions set on being more than just a babywear brand. Last month, the company made such a mission known by making its first acquisition: Kidly, another British label but for pre-school children. Now, Mori is also growing its retail network with the opening of a new store in Hampstead this summer, bringing its...

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La Perla facing the abyss: Insight into the lingerie brand's takeover and ongoing administration

La Perla, the iconic Italian luxury lingerie brand, was facing a critical period. Years of economic difficulties had undermined its foundations and although a recent business move offered a potential turning point, recovery was not guaranteed. In summary • US businessman Peter Kern acquired La Perla’s key assets, including its production plant...

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Beaumanoir Group takes over Jennyfer

French group Beaumanoir announced on Thursday the acquisition of the Jennyfer brand and 26 of its shops in France. Previously owned by a group of investors led by former Undiz chief executive officer, Sébastien Bismuth, the fashion retailer Jennyfer was placed in receivership last April. Around 350 jobs are expected to be preserved. According to...

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Tax loophole: Decathlon expresses concern over potential CIR decrease in France

As the French government addressed the 2026 budget, the subject of tax credit cuts resurfaced within local media. Among these, a potential decrease in the CIR (Crédit d'Impôt Recherche) could significantly impact companies in the fashion and sports sectors, such as French sporting goods retailer Decathlon. Concerned by the issue, Decathlon...

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EU Green Week: What opportunities do repair and reuse offer for the textile sector?

The theme of this year’s EU Green Week was “Circular Solutions for a Competitive EU”. The event explored how circularity could become a new economic reality with a circular economy driving sustainable competitiveness, reducing waste and promoting innovation within the EU. The aim of the EU Green Week, which took place last week in Brussels, is...

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Lululemon to source 20 percent of fibre needs through Samsara Eco

Canadian sportswear, footwear and accessories brand Lululemon Athletica Inc. has entered into a 10-year agreement with Australian recycling company Samsara Eco. Through this partnership, Lululemon aims to source approximately 20 percent of its future nylon and polyester needs from Samsara's circular materials. The agreement forms part of...

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Stitch Fix returns to revenue growth in Q3, ‘exceeded expectations’

Personal styling platform Stitch Fix returned to year-over-year revenue growth in the third quarter of fiscal year 2025, ended May 3. The company reported a net revenue increase of 0.7 percent to 325 million dollars, despite a 10.6 percent decrease in active clients. In a release, Stitch Fix’s chief executive officer, Matt Baer, said: “Our...

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Oxford Industries Q1 sales dip amid tariff concerns, revises outlook

For the first quarter ended on May 3, 2025, Oxford Industries, owner of brands such as Tommy Bahama, Lilly Pulitzer, and Johnny Was among others, reported consolidated net sales of 393 million dollars, a slight decrease compared to the first quarter of fiscal 2024. GAAP earnings per share stood at 1.70 dollars, down from 2.42 dollars in the...

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Vera Bradley reports ‘disappointing’ Q1, CEO to exit

The chief executive officer of Vera Bradley is set to depart as the US bag brand reported a “disappointing” financial performance for the first quarter of the current fiscal year. Jackie Ardrey will be exiting the helm position at the end of July, with the search for her successor now underway. In a regulatory filing separate to the announcement...

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China gives no details on tariff agreement with US

China is keeping a low profile following the agreement announced by US President Donald Trump on easing export restrictions in the ongoing trade dispute. Both sides have made new progress in resolving the other side's economic and trade concerns, said Foreign Ministry spokesperson Lin Jian in Beijing. The People's Republic hopes that both sides...

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Chinese shareholders of SMCP fined 1.7 million euros

Paris - Amidst an exceptional governance crisis, the Chinese shareholders of French fashion group SMCP (Sandro, Maje, Claudie Pierlot) were fined a total of 1.7 million euros by the French Financial Markets Authority (AMF), according to a statement released on Thursday, June 12, 2025. "In its decision of June 10, 2025, the Sanctions Committee...