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One year of 'Liberation Day': where Trump's tariff plans stand today

When Donald Trump issued an invitation to the White House Rose Garden exactly one year ago, it was already clear to many that something significant was coming. The topic was to be tariffs, “unfair trade” and the American economy. The US president celebrated it as “Liberation Day”. In Germany, the EU and other parts of the world, however, his...

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Esprit reduces annual loss following restructuring

Apparel provider Esprit presented its financial results for the first fiscal year following its major restructuring on Monday. After divesting the majority of its operational business, the parent company, Esprit Holdings Ltd., is now focusing entirely on a licensing model for the once-popular brand. Consequently, losses were significantly lower...

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Kering sells majority stake in Milan building for over one billion euros

French luxury group Kering announced on Wednesday it has sold a majority stake in a building in Milan to the Qatari Al Mirqab Group for over 1 billion euros (1.15 billion dollars). Kering announced the acquisition of the building for approximately 1.3 billion euros in April 2024. In a press release on Wednesday, the group stated it is “...

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Wacoal acquires Glamorise to bolster digital growth

The US-based Wacoal International Corporation (WIC), which serves as the parent company of Wacoal America, Inc., has announced an agreement to acquire all issued and outstanding shares of Glamorise. Based in New York, Glamorise specializes in the design, development, and e-commerce-driven sales of women’s innerwear. The strategic move is...

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Falke's managing partner: “We face challenges with tariffs that are economically damaging”

The hosiery and apparel supplier Falke KGaA, based in Schmallenberg in the Sauerland region of Germany, celebrated its 130th anniversary last year. The family business now employs the fifth generation and combines traditional craftsmanship values with continuous product development. The range includes sheer tights, trainer socks and functional...

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Reju secures 135 million euro funding for textile regeneration hub in the Netherlands

French company Reju has been awarded a 135 million euro (156.6 million dollars) subsidy from the Dutch government to advance its plans for a recycling centre in Limburg. The company, which is owned by the French tech firm Technip Energies, announced the development in a press release. The funds originate from the National Investment Scheme for...

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Authentic reportedly eyeing Converse takeover amid Nike divestment speculation

US brand management giant Authentic Brands Group has reportedly expressed interest in acquiring Converse should Nike decide to divest the footwear label, according to a Bloomberg report. The media outlet stated that while no formal talks were currently underway, the interest from Authentic, the parent company of brands like Reebok and Champion,...

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Flabelus appoints Bleckmann as logistics operator to accelerate its UK growth

Madrid – Spanish footwear and fashion brand Flabelus is setting its sights on the UK. It aims to unlock its full growth potential in the market with the help of logistics company Bleckmann. The brand has just appointed Bleckmann as its exclusive partner for all its logistics operations in the British market. With a presence in the UK through...

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CNMC detects competition risks in Decathlon's acquisition of Intersport assets

Madrid – Decathlon’s acquisition of specific Intersport assets in Spain has encountered a significant regulatory hurdle. The Spanish antitrust authority, Comisión Nacional de los Mercados y la Competencia (CNMC), has escalated the transaction to a "second phase" analysis. This move, triggered by potential competition risks identified during a...

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Kering and L’Oréal: inside the four billion euro alliance shaping the future of luxury

It is now official: Kering and L’Oréal finalised their beauty partnership on March 31, 2026. The 4 billion euro (4.64 billion dollars) deal redefines the global luxury cosmetics market. It also marks a structural turning point for the two French leaders. Initially announced in October 2025, the alliance has received the green light from...

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PVH reports significant profit decline despite revenue increase

US fashion group PVH increased its revenue in the 2025/26 financial year. However, profit fell significantly due to adverse conditions and negative special effects. The results, published on Tuesday by the parent company of Calvin Klein and Tommy Hilfiger, were above market expectations. Tommy Hilfiger and Calvin Klein see revenue increase In...

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J.Jill reports sales decline and profit pressure for fiscal 2025

US womenswear retailer J.Jill has reported a decline in financial performance for the fourth quarter and full fiscal year ended January 31, 2026. Despite a downturn in overall sales and operating margins, the board of directors has declared a 12.5 percent increase in its quarterly cash dividend, signaling confidence in its long-term operational...