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Burberry global headquarters to change hands for 131.8 million pounds

UK commercial real estate owner Derwent London has exchanged contracts for the disposal of Horseferry House SW1 to an overseas investor. The 164,900 square foot building serves as the global headquarters for British fashion brand Burberry. The transaction is valued at 131.8 million pounds (174.5 million dollars) before rental top-ups. The sale...

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Nike patent victory overturned in footwear dispute with Lululemon

US sportswear giant Nike has seen a jury verdict in its favour reversed by a federal judge in Manhattan, effectively nullifying a 355,450 dollars damages award against Canadian athleticwear company Lululemon USA Inc. (Lululemon). The decision, signed by district judge Arun Subramanian on March 24, 2025, follows a legal battle initiated in 2023....

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Crisis talks on Strait of Hormuz seek to increase pressure on Iran

During the crisis meeting on the largely blocked Strait of Hormuz, participating countries discussed possible further sanctions against Tehran. The British Foreign Office announced this following an online meeting convened by the UK with representatives from more than 40 countries. Foreign secretary Yvette Cooper spoke of a determination among...

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Nordstrom revenue reaches pre-pandemic peak following privatization

Seattle-based department store Nordstrom has seen its revenue return to levels last recorded before the global pandemic, occurring less than one year after the company transitioned to private ownership in a 6.25 billion dollars transaction, according to Bloomberg. The retailer reported that sales rose to approximately 15.80 billion dollars last...

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Inside ThredUp’s pivot: CSO Alon Rotem on redefining resale as a dual-sided platform

Resale is no longer a niche or sustainability-led initiative. It is taking measurable market share from traditional retail, with the global market projected to reach 393 billion dollars by 2030. ThredUp remains one of the sector’s leading players in the US. Here, resale grew at nearly four times a faster rate than the overall apparel market,...

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Decathlon reports a 4.0 percent increase in turnover for 2025

The Decathlon group published its annual results this Thursday, announcing a 4.0 percent increase in turnover compared to the 2024 financial year. It also reported a 7.1 percent growth in gross merchandise volume (GMV) at constant exchange rates. These improving figures are accompanied by strong operational profitability, with an EBITDA of 1.8...

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Saks Global secures 500 million dollars financing to support restructuring

US luxury retailer Saks Global has entered into a Restructuring Support Agreement with an ad hoc group of senior secured bondholders, securing a commitment for 500 million dollars in exit financing as it prepares to emerge from Chapter 11. The agreement is a key step in the company’s broader restructuring process, with Saks continuing...

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Inditex rewards its top executives with 14.8 million euros in shares

Madrid – Following the guidelines set for the execution of its 2023 to 2027 Long-Term Incentive Plan, the Spanish fashion multinational Inditex group has distributed 14.8 million euros (17.06 million dollars) in shares among its top executives. The company has included Carlos Torretta, husband of its executive chairwoman Marta Ortega Pérez, in...

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Shares in focus: Adidas and Puma defy Nike's influence amid supportive market environment

On Wednesday, shares in Adidas and Puma defied the disappointing outlook from US competitor Nike. While Nike's stock slumped by 10.5 percent to 47.25 dollars in pre-market US trading, the shares of the two German sportswear manufacturers recovered in a very strong overall market. In the Dax, however, Adidas shares rose by a below-average 0.6...

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AllSaints to streamline buying and merchandising with Impact Analytics

British fashion retailer AllSaints has partnered with Impact Analytics, an AI-native solution for retail decision-making, pricing, merchandising, and inventory optimisation, to modernise and scale its buying and merchandising operations to streamline its business processes. In a statement, AllSaints said it has selected Impact Analytics to adopt...

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Textile Exchange publishes policies ahead of Materials Matter Standard launch

Textile Exchange has released a comprehensive set of policies providing guidance for certification holders defining the steps required as they move from the organisation's existing standards to its it new Materials Matter Standard. The Transition Policy outlines the actions organisations must take to align with the new standard. The Scope and...

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Switzerland's Sulzer joins Spinnova to advance circular fibre production

Sulzer, a Swiss industrial engineering and manufacturing company, has officially joined Spinnova’s ecosystem to support the availability of the firm's fibre in the textile market. The collaboration expands on Sulzer’s role in Spinnova’s technology development and strengthens the consortium with advanced engineering expertise. Suzler is a major...