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How US trade organisations responded to the Supreme Court’s decision on tariffs

On Friday, the US Supreme Court overruled Donald Trump’s tariffs, determining that the president had wrongfully invoked the International Emergency Economic Powers Act (IEEPA) to impose levies. The region’s trade organisations swiftly responded to the ruling, largely expressing support for the court’s decision, many grateful for the stability...

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Trump's tariff defeat, new tariffs: EU assesses consequences

Following the US Supreme Court's decision against president Donald Trump's tariff policy, the EU and other countries are attempting to assess the precise consequences for the global economy. A special session of the legal service and the negotiating team, which was responsible for a customs agreement between the US and the EU, is scheduled for...

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JD Sports Fashion to repurchase 200 million pounds of shares

JD Sports Fashion PLC said on Monday that it plans to return 200 million pounds of capital to shareholders through share buybacks in fiscal 2027. Under the first tranche, the share repurchase drive will commence immediately to repurchase up to 100 million pounds of shares. This repurchase is expected to be completed before July 31. Thereafter,...

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Dispute over tariffs: defeat for Trump before Supreme Court

US president Donald Trump has suffered a defeat before the Supreme Court in the dispute over his aggressive tariff policy. The US Supreme Court ruled that Trump exceeded his authority when he invoked an emergency law to impose extensive tariffs on many trading partners, including the European Union. This article was translated to English using...

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From words to measurable impact: OECD due diligence forum urges transition

The main sessions of the 2026 OECD Forum on Due Diligence in the Garment and Footwear Sector, which took place on 11 and 12 February, centred on the urgent transition from a culture of compliance to one of tangible impact, specifically focusing on how global brands must navigate an increasingly volatile geopolitical landscape. In his opening...

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Opportunities for Italian luxury grow in India

The Indian market has room for Italian products, spanning from mechanics and luxury to cars and food, including wine and oil. “This is the new frontier for 'Made in Italy',” senator Adolfo Urso, minister for business and 'Made in Italy' (Mimit), emphasised yesterday. He was visiting the Italian pavilion at the AI Impact Summit in New Delhi,...

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Ssense founders secure buyout approval

The founders of Canadian luxury retailer Ssense have secured court approval for their buyout offer, blocking a deal by lenders pursuing a liquidation of the company. The Quebec Superior Court notified the company’s advisor, Ernst & Young, that the bid submitted by the founders – brothers Rami, Bassel and Firas Atallah – alongside their strategic...

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Longchamp awarded B Corp certification to further its CSR strategy

French luxury leather goods company Longchamp has been awarded B Corp certification, recognising the independent, family-owned business' long-standing commitment to responsible craftsmanship, governance and measurable impact. The B Corp certification showcases that a company has met high standards of social and environmental performance,...

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What do the election results mean for Bangladesh’s garment and textile sector?

Following the unprecedented unrest of late 2024 and the subsequent interim administration, Bangladesh voted last Thursday and declared results on Friday: The BNP-led alliance won 209 seats and the Jamaat-led bloc secured 68 in the 297 constituencies for which results were declared. For the ready-made garment (RMG) sector—the very heartbeat of...

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Walmart highlights fashion strength while navigating macroeconomic headwinds

The US-based retail giant Walmart concluded fiscal year 2026 with record annual revenue of 713.16 billion dollars, marking a 4.7 percent increase (5.1 percent in constant currency). Despite achieving standalone profitability in its e-commerce segment, management emphasized a balanced outlook for fiscal year 2027, factoring in significant...

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Eddie Bauer retains RCS Real Estate Advisors as consultant for bankruptcy proceedings

Eddie Bauer has retained RCS Real Estate Advisors, a national retail real estate advisory firm, to serve as its consultant during its ongoing bankruptcy proceedings. In its role, RCS is set to advise Eddie Bauer in all matters related to real estate. The announcement comes weeks after the outdoor retailer filed for Chapter 11 bankruptcy and...

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Moncler navigates market softness with slight FY2025 revenue growth

Italian fashion company Moncler Group posted a slight revenue increase for the 2025 financial year, driven by growth at its Moncler and Stone Island brands. However, profit fell short of the previous year's level. This was according to a business report published by the parent company, Moncler SpA, on Thursday evening. According to the report,...