Business

European luxury: A new report reveals the challenges and growth prospects

European premium and luxury brands represent 5 percent of European GDP, or 986 billion euros. This figure, from a new report by the European Cultural and Creative Industries Alliance (ECCIA), in collaboration with the Comité Colbert and Bain & Company, is up 1 percent compared to 2018. While its evolution demonstrates growth dynamics, the...

17 hours ago

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Fashion |Opinion

Why fast-fashion is harming second-hand – and what we can do about it

June ended with yet another blow to Europe’s struggling post-consumer textiles sector: Texaid Germany filed for insolvency. This is a significant setback for the group and for the broader reuse and recycling ecosystem. Just as European policymakers begin to treat textile waste with the seriousness it deserves, the very infrastructure needed to...

1 day ago

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Prada admits Kolhapuri inspiration, proposes co-branding discussions with MACCIA

Luxury fashion house Prada has officially confirmed in a letter sent to the Maharashtra Chamber of Commerce, Industry and Agriculture (MACCIA), that sandals showcased in its recent men’s fashion show, which bore a striking resemblance to the traditional Indian Kolhapuri sandal, were indeed inspired by the iconic footwear. Prada has now proposed...

Jul 3, 2025

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U.S. Polo Assn. launches in Brazil with Grupo Pasquini

U.S. Polo Assn., the official brand of the United States Polo Association (USPA), has expanded to the Brazilian market in partnership with Grupo Pasquini, which has more than 30 years of experience in the fashion industry in the region. The expansion is part of the sport-inspired brand's plan to reinforce its multi-billion-dollar global...

Jul 3, 2025