Latest Articles in Business

Valentino: Revenues at 1.31 billion euros, down 2 percent in financial year 2024

Italian fashion house Valentino’s revenues were largely stable compared to the previous year, totalling 1.31 billion euros in 2024, down 2 percent at constant exchange rates and 3 percent at current exchange rates, YoY. In 2023, the company closed at 1.34 billion euros. Venturini: ‘Our work took a decisive step with Alessandro Michele’s arrival...

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Swiss watch exports to US soared ahead of Trump tariffs

Swiss watch exports to the key US market soared nearly 14 percent in March, likely the result of retailers stocking up before US President Donald Trump announced his tariffs on countries worldwide. Analysts have warned that Switzerland's storied watchmaking industry could be among the hardest hit by the 31-percent import levies for Swiss goods...

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International Apparel Federation: ‘Import Duties are Threat to Entire Industries’

The International Apparel Federation (IAF) stated that the import duties implemented by the United States pose a direct threat to entire industries. In a statement, the federation wrote that there is a risk of destabilising economies and that the duties jeopardise the livelihoods of countless employees and entrepreneurs in the clothing industry....

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A look at Spanish bridal fashion sector: Conquering overseas and adapting to new times

Barcelona Bridal Fashion Week (BBFW) is gearing up to once again become the epicentre of bridal fashion. Ahead of a new edition (the event runs from April 23 to 27), the event confirmed its role as the leading national showcase for a sector that not only continues to say “yes”, but also demonstrates a powerful, international and transformative...

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Inditex: How Trump’s current ‘asymmetric tariffs’ could impact the Spanish mulitnational

Madrid – Of all the possible scenarios, the one emerging from this “pause” of 90 days decreed by US President Donald Trump regarding the new tariff policy of the US, with its “asymmetric tariffs” for China and the EU, appears to be the worst, most unfavourable, and most challenging for the interests of Inditex. What are the reasons? Let's take a...

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First Q1 performances of luxury fashion companies impacted by Trump tariffs and geopolitical tensions

Financial news of the week: Trump Tariffs, Geopolitical Tensions Hit Luxury Sector The first financial results of Q1 2025, reported this week, show that trade tensions and geopolitical uncertainty are weighing on the performance of key luxury fashion groups. First Q1 results reveal slowdown across major fashion houses LVMH posted a 3 percent...

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France: intelligent protectionism faced with ultra fast fashion

Paris - Will protectionism become a condition for the survival of the French fashion industry? As the Trump administration relaunched its trade offensive against China in April 2025, imposing massive tariffs on imports, Europe braces for a shockwave that could hit its own market hard. Earlier this week the Fédération Française du Prêt à Porter F...

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CFDA partners with AI powered personal styling app Alta

The Council of the Fashion Designers of America (CFDA) has partnered with the personal styling app Alta in a bid to offer designers new ways to engage with audiences. Powered by more than a dozen artificial intelligence models trained by Alta's team, the app uses AI to optimize users' existing wardrobes and help them shop for pieces that fit and...

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Shein & Temu to increase prices as tariffs come down on cheap imports

Ultra-fast fashion retailer Shein and Chinese online marketplace Temu are set to increase prices next week as new tariffs implemented by US President Donald Trump on apparel and footwear in a bid to limit low-value imports begin. As the tariffs drive up expenses for companies, Temu and Shein issued statements to customers this week stating that...

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LVMH general meeting: Jonathan Anderson at Dior Men's and 2025 strategy focused on quality

Jonathan Anderson appointed for the Dior Men's collection, to be shown June 2025; quality rather than growth, at all costs; the desire to create a free trade area with the US; and the vote in favour of keeping Bernard Arnault at the helm until the age of 85: these were the four key announcements that emerged from the general meeting of the...

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Textile-to-textile recycling: Reju partners with Rematrix

Textile-to-textile regenerator Reju has entered into a partnership with Rematrix, a Producer Responsibility Organization (PRO) from Vicenza, Italy, to secure a compliant and sustainable supply of end-of-life textiles. Rematrix collaborates with fashion companies and manages the end-of-life phase of their textile products, ensuring compliance...

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Communications group The Independents snaps up design studio 2x4

The Independents is continuing its acquisition spree. The international communications group has announced that it has snapped up design studio 2x4, in what it says adds “design and brand strategy capabilities to its growing roster of specialist agencies”. By bringing the New York and Beijing-based studio under its wing, The Independents said...