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Making structure effective: AI as a cost lever in the fashion industry

However high the cost pressure may be, compromising on quality is not an option in the fashion industry. A reliable planning rhythm, a robust data foundation and practical AI building blocks reduce friction costs along the fashion value chain. Thoughtful governance is key during implementation to ensure that savings potential is realised in...

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Eterna files for self-administration proceedings

Eterna Mode GmbH has filed for insolvency under self-administration at Passau District Court. The aim of the proceedings is to implement the final milestone in the transformation of the Passau-based shirt and blouse specialist. This includes the complete outsourcing of logistics as well as the sale and leaseback of the company premises, Eterna...

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VF Corp’s UK and Ireland arm faces job losses as yearly profit slips

US fashion group VF Corporation has cut almost 100 jobs across its UK and Ireland business as turnover and profit slipped over the year to March 31, 2025. According to a filing with the UK’s Companies House, the company’s Northern European division saw its employee numbers drop from 709 in the year prior to 623. FashionUnited has contacted VF...

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How the FullBeauty and DXL merger reshapes the Big & Tall market

Last week, two major players in the US’ size-inclusive apparel category joined hands. FBB Holdings I, Inc. (FullBeauty) and Destination XL (DXL) announced a major merger in a move that intends to accelerate respective growth plans and scale the presence of a “category-defining retailer for inclusive apparel”. Framed as a “merger of equals”, the...

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Fashion for Good endorses Spinnova’s consortium model

Finnish fibre tech firm Spinnova has found allyship in Fashion for Good, an accelerator and collaboration platform hoping to help contribute to the establishment of an industry ecosystem to scale textile innovation. Fashion for Good’s involvement follows the introduction of Spinnova’s revised strategy earlier this year. The Finland-based firm...

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Kering monetises Fifth Avenue asset through Ardian partnership

Luxury group Kering and investment firm Ardian have announced the completion of a co-investment agreement, formalised through the creation of a joint venture centred on a real estate asset on Fifth Avenue in New York. The building, located at 715-717 Fifth Avenue, occupies a prime position offering approximately 10,700 square metres of luxury...

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Safilo withdraws bid for Inspecs

Safilo does not intend to make a binding offer for British eyewear company, Inspecs. In a statement, Inspecs said that in light of the proposed acquisition by Bidco at a price of 84 pence per share, Safilo Group has confirmed it does not intend to make a binding offer for Inspecs. Bidco is a newly formed company established for the acquisition...

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Luxury: 86 percent of Indian consumers plan to increase spending over next 12 months

Nearly two thirds of Indian and Chinese consumers have spent over 20,000 euros on luxury goods in the past 24 months. Additionally, 86 percent of Indian consumers plan to further increase their spending over the next 12 months, the most significant figure among all markets analysed. The data confirms that luxury growth continues, yet drivers and...

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J.Jill completes refinancing with new 75 million dollars term loan

J.Jill, Inc. has announced the successful completion of a refinancing agreement, replacing its existing credit facility with a new 75 million dollars senior secured five-year term loan facility. The facility, provided by an affiliate of Manulife | Comvest Credit Partners, CCP Agency, LLC, as administrative agent and sole lead arranger, replaces...

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Cheap clothing imports, high-quality material exports: figures reveal Japan's fashion industry

In recent years, Japan's apparel market has consistently fallen short of the nine trillion yen level seen before Covid-19. One reason for this phenomenon is the labour shortage in the textile industry. The average annual income in the textile sector is 5.81 million yen, which exceeds the wider industry average. However, textile wages remain more...

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Next said to be among suitors for Russell & Bromley takeover

British retailer Next is reportedly among a string of suitors eyeing an acquisition of Russell & Bromley. The family-owned footwear business announced in October that it was seeking external financing as part of the next phase of its ReBoot turnaround plan. Next is said to be among the interested parties, according to sources for Sky News, with...

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Frasers Group reportedly eyeing SilkFred takeover

Frasers Group is said to be mulling a takeover of troubled e-tailer SilkFred. According to sources for Drapers, the British retail giant is one of three parties considering a takeover. SilkFred appointed administrators from Quantuma in November after becoming “another victim of tough trading conditions”, the firm’s managing director, Andrew...