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Next and Frasers said to be in running for Seraphine rescue deal

Following Seraphine’s descent into administration last week, speculation over potential saviours are beginning to swirl. Among them, British retail giants Next and Frasers Group are said to be frontrunners in potential deals to rescue the maternity wear brand. According to sources for Drapers, dubbed “several industry veterans”, the two firms...

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Claire’s eyeing US bankruptcy, reportedly appoints advisors in UK

New reports have emerged speculating on the position in which accessories chain Claire’s finds itself in. In the US, it is believed that the teen-focused retailer is mulling a Chapter 11 filing, while in the UK, advisors are said to have been appointed to oversee a rescue plan. The reports come weeks after rumours surrounding a potential sale of...

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Louis Vuitton confirms UK customer data stolen in cyber attack

LVMH is facing what is now its third cyber attack in a matter of three months. French luxury label Louis Vuitton has confirmed that some UK customer data has been stolen in a hack that took place on July 2. In an email to customers seen by multiple news outlets, including Bloomberg, which first reported the attack, Louis Vuitton said an...

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Trump announces 30 percent tariffs on EU imports

US president Donald Trump intends to impose a 30 percent tariff on imports from the EU from August 1, 2025. The Republican announced this on his platform Truth Social. In a published letter to European Commission president Ursula von der Leyen, Trump threatened further tariff increases in the event of countermeasures. Mexico also received a...

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Shein slapped with high fines in California, France

Chinese ultra-fast fashion giant Shein needs to have deep pockets these days, given that the global e-commerce company is being slapped with fines in two countries at the moment. Shein just settled a consumer protection lawsuit in the United States, in California’s Napa, Los Angeles, San Francisco and Sonoma counties, and agreed to pay 700,000...

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Four youths arrested for cyberattacks on British retailers

The UK's National Crime Agency (NCA) has arrested four suspects in connection with cyberattacks on well-known British retailers Marks & Spencer (M&S), Co-op and Harrods. The attacks took place in April of this year and caused significant financial disruption to the businesses. The four suspects remain in custody and are being questioned by the...

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Mulberry secures 20 million pound fundraising as full year sales take hit

Mulberry has confirmed a 20 million pound fundraising and Retail Offer as sales for the British accessory brand continued to slip in fiscal year 2025. The company conducted the fundraising by way of subscriptions for 20 million new convertible loan notes of one pound each, backed by its two major shareholders, Chalice Limited and Frasers Group....

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Aritzia's US revenue surges 45 percent in Q1, driving overall growth

Aritzia Inc., a design house and global platform for luxury apparel, announced its financial results for the first quarter ended June 1, 2025, demonstrating significant growth across its operations. For the first quarter, Aritzia reported net revenue of 663.3 million dollars, marking a 33 percent increase, while comparable sales also grew by...

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Levi Strauss reports strong Q2, boosts annual forecast

Levi Strauss & Co. announced strong financial results for its second quarter ended June 1, 2025, demonstrating significant growth across key metrics and prompting the company to raise its full-year net revenue and earnings per share (EPS) outlook, even with the impact of tariffs. The company reported a 6 percent increase in net revenues to 1.4...

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Brunello Cucinelli: Revenue up 10.2 percent in first half

Brunello Cucinelli Spa has reviewed the preliminary revenue figures for the first six months of the year. Revenues totalled 684 million euros. This represents a 10.2 percent increase at current exchange rates (10.7 percent at constant exchange rates) compared to the first half of 2024. Across geographical areas, the Americas saw an 8.7 percent...

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Dow to close three upstream European assests

Dow, a leading material science company, is set to close three upstream assets in Europe in response to structural challenges it is currently facing in the region. The decision is a follow-up to the European asset actions first published in April 2025 and has been approved by the Board of Directors. The three assets that will shut down include...

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Paraiso Miami Swim Week generates over 75 million USD in economic impact

Paraiso Miami Swim Week, one of the leading organisers of Miami Swim Week, reportedly generated over 75 million US dollars at its 21st season. Taking place from May 28 to June 1, the event included more than 100 runway shows and 20 satellite events, attracting hundreds of buyers and editors from across the globe. In total, Paraiso Miami Swim...