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Next edition of Pitti Uomo to embrace cycling culture as Italian menswear export stalls

Pitti Uomo returns to Florence from 17 to 20 June with its 108th edition, featuring over 730 brands and introducing Becycle, a new section dedicated to cycling culture. Building on last year’s collaboration with the Tour de France, the initiative brings sports-driven community energy into menswear, with dedicated installations and a central...

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Adidas investor set to vote against chair re-election

A shareholder of sportswear giant Adidas has said it will be voting against the proposal to reappoint Thomas Rabe as chair of the company at its upcoming Annual General Meeting on May 15. Allianz Global Investor, Adidas’ 13th biggest investor, said the decision to disapprove of Rabe’s re-election comes as the firm determined that this role next...

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JD.com sales rise after costly China food delivery push

JD.com recorded a jump in first-quarter revenue Tuesday, as the Chinese e-commerce giant makes a costly push to establish itself in the country's highly competitive food delivery sector. The Beijing-based shopping platform has faced pressure in recent years from a persistent domestic spending slump and heightened competition with its primary...

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Sales decline at Under Armour: Home market of North America weighs on results

Under Armour concluded fiscal year 2025 with a significant drop in sales. Nevertheless, the US sportswear manufacturer believes that it is well on its way to realigning its brand. “We are in the process of reigniting our brand relevance,” explained chief executive officer (CEO) Kevin Plank on Wednesday, when presenting the latest financial...

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WRAP’s Textiles 2030 becomes UK Textiles Pact

Textiles 2030, the UK’s voluntary initiative supporting businesses and organisations within the fashion and textiles industry, will from now on be called the UK Textiles Pact. According to a press release by WRAP (Worldwide Responsible Accredited Production), the climate action NGO behind the initiative, the move will “bring the agreement in...

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Francesco Scognamiglio buys back his brand and aims to relaunch with an event in naples

The designer Francesco Scognamiglio is buying back his brand from the Malaysian fund Y Capital Management, to whom he had sold it in 2021, following difficulties encountered during the Covid period. He aims to relaunch with an event in Naples, scheduled for June. For the Neapolitan designer, it marks a return to his roots and a fresh start,...

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Lojas Renner reports 59 percent increase in net profit in Q1 and shares rise

Last Friday, May 9, Lojas Renner (LREN3) shares closed on the B3 stock exchange up by 4.92 percentage points, at 16.20 Brazilian real. The increase occurred after the company’s first quarter report, released the previous day, May 8, which reported a net profit of 221 million Brazilian real, 58.7 percent higher than the same period last year. The...

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AAFA, FDRA and NRF welcome US-China tariff pause, call for long-term deal

US apparel and footwear trade associations have welcomed the US and China’s 90-day pause on heightened tariffs. Yet, while the temporary agreement has somewhat calmed the waters of the two regions’ trade war, organisations are still calling for a long-term deal that will mitigate rising costs and prices. This was reflected in a statement from...

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On boosts sales by 43 percent, while net profit suffers

Swiss sportswear and footwear brand On had a strong start to 2025. Revenue continued to rise during the first quarter of 2025, driven by the strength of its direct-to-consumer channel and the positive reception of its latest collections. However, its net profitability was affected by various external financial factors, which moderated the final...

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Frasers Group launches retail media network Elevate

British retail group Frasers Group Plc has launched a new retail media network. Dubbed Elevate, the network is based on the group’s first-party data. It is designed to help brand partners reach consumers through highly personalised advertising, Frasers announced on Tuesday. With the newly launched platform, Frasers aims to enable brands to...

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UK brand Soar Running expands into China

British running brand Soar Running is launching in China. Soar announced on Tuesday that it has appointed Topsports as its exclusive distribution partner for China. With this move, Soar aims to reach the performance-oriented running community in the market and leverage the Chinese sportswear retailer's “established retail network”. “I am very...

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Borletti Group acquires minority stake in True Religion

Investment firm Borletti Group, founded by Maurizio Borletti and Paolo De Spirt, is strengthening its position in the fashion lifestyle market after acquiring a minority stake in American denim and casualwear brand True Religion, controlled by Acon Investments. The Borletti Group, which has more than 20 years of experience investing in premium...