Latest Articles in Business

Introducing FashionUnited premium content

International and local, fact driven, authoritative reporting to help fashion executives make decisions in a world that is evolving rapidly. FashionUnited is thrilled to announce its new executive membership programme, designed to provide even greater value to the dedicated community of over 1 million fashion professionals. As the fashion...

BusinessMember

China retaliates, claims PVH engaged in 'inappropriate' practices in Xinjiang region

Findings of a preliminary investigation into PVH have alleged that the US fashion giant engaged in improper practices within China’s Xinjiang region, the country’s Ministry of Commerce (MOC) has said. The Tommy Hilfiger parent company is among a number of firms from the US that are claimed to have engaged in “inappropriate conduct” in the...

BusinessPartner Content

Wallie, the first AI Fashion Agent for inventory

The future of retail is here, and it’s called Wallie. As the need for the fashion industry to embrace technological advancements, Wallie emerges as a groundbreaking solution designed to revolutionize inventory management, product allocation and how we manage processes in the nearby future. This AI-driven fashion agent promises to deliver new...

BusinessMember

Target sales grow over festive season, enacts exec changes

US department store giant Target has reported strong performance in holiday sales for the November and December period, with total sales rising 2.8 percent over the year prior. This, in turn, reflected a comparable sales increase of 2 percent, as well as “record-high” sales during both the Black Friday and Cyber Monday promotional periods....

BusinessMember

Kizik expands distribution in South Korea, France, Gulf and Spain

Kizik has signed new distribution partnerships in South Korea, France, the Gulf Countries, and Spain. "Kizik's expansion into South Korea, France, the Gulf Countries, and Spain marks another exciting step forward in our mission to bring joy to everyday routines. Together, we are transforming the way people experience footwear," said Monte Deere,...

BusinessMember

Magnum Boots partners with K Brands to strengthen US distribution

Magnum Boots has signed a long-term partnership with K Brands as its exclusive distribution partner in the United States. Through the collaboration Magnum Boots aims to scale its presence in the US by tapping into K Brands distribution network throughout the country. The company also announced that US Army and industry veteran Glen Reich has...

BusinessMember

WHP completes the acquisition of Vera Wang fashion brand

New York based brand management firm WHP has completed the acquisition of the intellectual property of the iconic Vera Wang fashion brand, which was announced in December last year. WHP Global to acquire IP of Vera Wang, founder to remain onboard as Chief Creative Officer . As part of the transaction, Vera Wang will continue in her role as...

BusinessMember

Authentic partners with SCI to expand Reebok’s presence in golf

Authentic Brands Group (Authentic) has partnered with Sports Casuals International (SCI), a global sports apparel design and manufacturing company, to expand Reebok’s footprint in the golf category. Through the partnership, the company said in a release, SCI will design, manufacture and distribute Reebok-branded adult performance golf apparel...

BusinessMember

Vera Bradley unveils cost efficiency plan to save $20 million ahead of fiscal year 2026

Vera Bradley, Inc. has unveiled a new strategic cost efficiency initiative for the upcoming fiscal year 2026, which is predicted to cut company costs by approximately 20 million dollars annually. The announcement comes weeks after Vera Bradley’s largest shareholder, Fund 1, published a letter that it sent to the women’s accessories brand board...

BusinessMember

Proxy advisor backs Boohoo’s call to vote against Frasers’ resolutions

Boohoo has stated that an independent proxy adviser has backed its position for shareholders to vote against a resolution brought forth by Frasers Group, which is seeking the removal of Mahmud Kamani as a director. In making its recommendation, Glass Lewis is believed to have recognised the initiation of “significant actions” by Boohoo in recent...

BusinessMember

Loop Industries terminates South Korean deal, India plan moves forward

Loop Industries, the operator of PET plastic and polyester fibre recycling technology, has announced the breakdown of its joint venture with South Korean Geo Centric (SKGC). The duo had initially established their relationship in early 2023 with the intention to construct and operate an Infinite Loop manufacturing facility in Ulsan, South Korea....

BusinessFeaturedMember

Pre-owned watch market normalises after the speculative boom

Zurich – The frenzied demand for pre-owned watches has subsided, but the market continues to organise itself and grow faster than that of new watches, according to a study published on Thursday by Deloitte. The pre-owned watch market had accelerated in the wake of the Covid-19 pandemic before experiencing a sharp reversal, but remains poised for...