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Shein reportedly acquiring Everlane in 100 million dollar deal

Online fast fashion giant Shein is set to acquire US apparel brand Everlane from majority owner L Catterton in a deal valuing the retailer at approximately 100 million dollars, according to a report by Puck News published on Sunday, citing sources familiar with the transaction. Reuters also reported the development, citing the Puck News article....

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China's economy loses momentum – retail sales disappoint

China's economy lost significant momentum in April. Key economic data fell short of analysts' expectations. According to data released by the National Bureau of Statistics on Monday, retail sales rose by only 0.2 percent in April compared to the same month last year. This follows a 1.7 percent increase in March. Industrial production grew by...

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Misto Holdings: Q1 revenue up 4.2 percent driven by Acushnet and Greater China expansion

South Korean global brand portfolio company Misto Holdings, formerly known as Fila Holdings, announced its financial results for the first quarter of 2026 through a regulatory filing on May 15, 2026. Consolidated revenue for the first quarter of 2026 increased 4.2 percent year-over-year to 1.30 trillion South Korean won (864.26 million dollars),...

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MySize reports Q1 revenue increase of 62 percent driven by e-commerce and acquisitions

The Israeli fashion technology firm MySize has announced its financial results for the first quarter ended March 31, 2026, revealing a significant increase in turnover and gross margin expansion. The company, which focuses on artificial intelligence (AI) sizing solutions and e-commerce operations, reported that revenue for the first quarter (Q1)...

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Wolverine Worldwide achieves strong Q1 growth driven by active group

The US footwear group Wolverine World Wide has reported a robust financial performance for the first quarter ended April 4, 2026. The company saw total revenue reach 457.60 million dollars, marking an 11 percent increase compared to the 412.30 million dollars recorded in the previous year. On a constant currency basis, revenue grew by 7.3...

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Canada Goose posts 13.3 percent revenue increase for fiscal year 2026

Canadian luxury brand Canada Goose has announced its financial results for the fourth quarter and fiscal year ended March 29, 2026, revealing a total annual revenue increase of 13.3 percent to 1.53 billion Canadian dollars (1.11 billion dollars). The performance was bolstered by a strong direct-to-consumer (DTC) showing and an expansion of its...

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Boot Barn reports record annual sales of 2.25 billion dollars

US western and workwear retailer Boot Barn Holdings (Boot Barn) has announced record financial results for the fiscal year ended March 28, 2026 (Fiscal 2026), marked by double-digit growth in net sales and significant physical expansion. The company reported a 17.9 percent increase in annual net sales, reaching 2.25 billion dollars compared to...

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LVMH to sell Marc Jacobs to WHP Global and G-III Apparel Group

LVMH has entered into a definitive agreement to sell the Marc Jacobs label to New York-based brand management firm WHP Global. Announced on May 14, 2026, the transaction brings to a close nearly three decades of partnership between the luxury giant and the American designer. As part of the deal, G-III Apparel Group will join WHP Global in...

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Salvatore Ferragamo closes first three months of 2026 with revenues of 209 million euros

Salvatore Ferragamo spa reported total revenues of 209 million euros (243 million dollars) for the first three months of 2026. This represents a decrease of 1.2 percent at constant exchange rates and 5.5 percent at current exchange rates compared to 221 million euros in the first quarter of 2025. Consolidated net sales from the...

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Burberry returns to profit as William Jackson named new chair

UK luxury brand Burberry has reached a meaningful inflection point in its financial recovery, reporting a return to profitable comparable store sales growth for the 52 weeks ended March 28, 2026. The results coincide with the announcement that Gerry Murphy will retire as chair in November 2026, to be succeeded by Bridgepoint Group founder...

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FHCM and CNMI publish an environmental, social and governance framework for suppliers

The Fédération de la Haute Couture et de la Mode (FHCM) and the Camera Nazionale della Moda Italiana (CNMI) have announced a joint Environmental, Social and Governance (ESG) harmonisation framework for fashion and luxury suppliers. The objective of this French-Italian initiative between the FHCM and the CNMI, launched in 2024, is to reduce the...

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Veste records strongest first quarter net income in seven years

The Brazilian high-end apparel group Veste S.A. Estilo (Veste) has released its financial results for the first quarter of 2026, ending March 31, 2026. The company, which operates a portfolio of premium brands including Le Lis, Dudalina, and Bo.bô, recorded a net income of 11.40 million Brazilian reals (2.27 million dollars). This performance...