Latest Articles in Business

Authentic Brands Group partners with Saks Global on luxury venture

Authentic Brands Group, the global brand development, marketing, and entertainment platform, is launching a joint venture with Saks Global to grow its luxury and accessible luxury brands, building on its successful collaboration with Barneys New York. The new venture, called Authentic Luxury Group, will leverage the combined capabilities of...

Business

Materials regenerator Reju to tackle fashion’s most urgent problem - polyester

There is a new player on the block in the world of textile recycling - textile to textile regeneration company Reju was incorporated in Paris, France just 12 months ago. Now, the materials regenerator owned by French engineering and technology company Technip Energies has opened its “Regeneration Hub Zero” in Frankfurt, Germany. In a world where...

Business |Beauty Featured

Sarah Kugelman launches beauty brand targeting women over 45

Beauty industry veteran Sarah Kugelman, founder of Skyn Iceland and gloss.com, has announced her third beauty venture crafted for women over 45 as she looks to change cultural perceptions of pro-ageing brands. ‘All Golden’ is looking to become the first luxury beauty and lifestyle brand for women 45 and over that celebrates, uplifts and inspires...

BusinessFeatured

From Paris to Mumbai: BRICS alliance wants to shift the centers of power in the fashion world

Leading figures from the fashion industry of more than 50 countries signed an agreement to form an international fashion association consisting of regions making up the BRICS International Fashion Federation. The BRICS is an intergovernmental organisation that includes Brazil, Russia, India, China, South Africa, and since 2024 Egypt, Ethiopia,...

BusinessPartner Content

Prepare for Producer Responsibility: is your brand compliant?

The textile industry is on the brink of significant changes, especially in terms of sustainability and circularity. For companies in fashion, it's crucial to stay informed about new laws and regulations, such as Extended Producer Responsibility (EPR) for textiles. But what exactly does this entail, and what does it mean for your brand?...

BusinessPartner Content

WAIR’s Amsterdam event unites fashion leaders for AI

Fashion tech leader WAIR recently hosted a high-profile international business event in Amsterdam, drawing their client representatives from iconic brands like Ralph Lauren, Wolford, Steve Madden Europe, VF Corporation and others. The two-day event, dubbed “The WAIR Journey,” offered an exciting blend of business insights, industry...

Business

Good On You extends sustainability analysis to beauty brands

The sustainability ratings company Good On You has expanded its range and is now also including brands in the beauty category. This means that brands offering beauty products will be assessed on the basis of the most important environmental, social and animal welfare aspects throughout their entire value chain. The company is thus building on...

Business

European luxury, spirits shares sink on China worries

Shares in European luxury and spirits companies sank on China concerns Tuesday, as Beijing announced anti-dumping measures on brandy imported from the EU and held off on announcing more economy-boosting measures. The stock prices of French spirits companies Remy Cointreau and Pernod Ricard dropped after China announced the latest salvo in an...

Business

London: Luxury retailer confidence drops despite surge in affluent population

Luxury retailers have reported a drop in positivity towards business prospects in London despite a surge in affluent customers both living and visiting the city. According to Walpole’s ‘State of London Luxury Report 2024’, retailer positivity dropped from 71 percent in 2023 to 53 percent in the current year. The cause for such sentiments was...

Business

Patagonia announces job cuts following organisational review

US outdoor equipment manufacturer Patagonia is laying off numerous employees as part of a reform of its personnel structure. "We have had to make the sad and difficult decision to say goodbye to 41 of our colleagues," said CEO Ryan Gellert in a LinkedIn post that the company published on its website last week. As such, Patagonia has laid off 1...

Business

Over 70 retail bosses urge chancellor to cut UK business rates

More than 70 UK retailers have called on chancellor Rachel Reeves to cut business rates by 20 percent as part of a push to introduce a ‘Retail Rates Corrector’ in order to help “level the playing field”. The bosses of the companies, including those of Marks & Spencer, Primark and Tesco, co-signed an open letter coordinated by the British Retail...

Business

Mulberry founder suggests LVMH ‘step in’ following Frasers offer

A week on from when Frasers Group brought forth a takeover offer for Mulberry, the founder of the luxury brand has come forward with his own take on the situation. Roger Saul, who founded the firm in 1971, has suggested that French luxury giant LVMH would be a more appropriate suitor for a takeover of the brand, which has now entered an offer...