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Dutch political party says European sustainability rules threaten competitiveness

The Dutch political party, VVD, has sent a strong message to Brussels. On June 12, members of parliament Thom van Campen and Claire Martens-America submitted a motion to the House of Representatives stating that two European directives concerning sustainability hinder European businesses from competing with businesses outside the EU, such as...

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Sustainable fashion brand Hemper enters liquidation

Sustainable fashion brand Hemper has filed for creditor bankruptcy and liquidation due to insolvency. The Madrid-based company also presented a bid for the acquisition of some of its assets. In an official statement released June 16, 2025, Hemper’s management announced the company's bankruptcy filing. The sustainable fashion and accessories...

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Hermès begins work on new leather goods site in northern France

Luxury group Hermès announced that it has started work on its 26th leather goods workshop in Charleville-Mézières, in the Ardennes region of France. This is part of Hermès’ development plan for manufacturing centres across France; the company also announced the creation of leather goods workshops in Colombelles (Normandy), L'Isle d'Espagnac...

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Harrods ‘considering legal options’ against estate of former owner

Harrods has said it is “considering legal options” against the estate of its former owner, the late Mohamed al-Fayed, who has been accused of sexually assaulting now-former staff members of the luxury department store. According to Sky News, the department store is planning to file a passing-over application in the High Court to secure the...

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Sustainable momentum: Ecoalf sees double-digit growth

Spanish sustainable fashion label Ecoalf is strengthening its global positioning with a double-digit revenue increase and the strategic expansion of its retail footprint in Europe and Asia. For the fiscal year 2024 ending February 28, 2025, Ecoalf recorded a +20 percent year-over-year growth, with sales reaching 58 million euros, up from 46.8...

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Aliexpress strengthens European presence with local warehouses

Chinese online marketplace AliExpress has brought its services closer to European customers. The company further expanded its European strategy with the launch of the new fulfilment channel, Local+. With this initiative, AliExpress aims to shorten delivery times by shipping products from local warehouses in Europe. To this end, the company...

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Struggling Gucci owner's shares soar over new CEO reports

Shares in Gucci owner Kering jumped Monday over reports that the outgoing boss of French automaker Renault would take over as chief executive of the struggling luxury group. Renault shares, however, fell following its announcement Sunday that Luca de Meo, 58, would step down on July 15 "to take on new challenges outside the automobile sector"...

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Strong growth in Chinese retail despite US trade dispute

Chinese retail sales increased by 6.4 percent year-on-year in May, despite the ongoing trade dispute with the US. This marked the strongest growth since late 2023, following a 5.1 percent rise in April. Analysts were surprised by this positive development, having forecasted a decline in growth to 4.9 percent. French bank Société Générale...

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JPMorgan reportedly raises 6.5 billion dollar to fund sale of Skechers

Finance firm JPMorgan Chase & Co. is believed to have prepared for a 6.5 billion dollar debt offering in support of 3G Capital’s impending purchase of footwear brand Skechers. According to a source for Bloomberg, the debt sale could take place as soon as this week. The media outlet, which noted that a representative of the US corporation had...

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Roots reports strong Q1 2025 with sales up 6.7 percent

Canadian outdoor-lifestyle brand Roots reported a strong start to fiscal 2025, posting its third consecutive quarter of year-over-year growth across sales, gross margin, and adjusted EBITDA. For the first quarter ended May 3, 2025, total sales rose 6.7 percent to 40 million Canadian dollars, led by strong direct-to-consumer (DTC) performance....

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Step by step: OBS aim to bring European craftsmanship to the world

Founded in 2019, OBS sought to gradually conquer the world with German craftsmanship, countering the ever-faster fashion industry. In conversation with FashionUnited, brothers Johannes and Matthias Schweizer sat on the steps behind their office. Here, instead of a bustling city with traffic noise, the founders of the Augsburg-based brand look...

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Havaianas changes business model in the US

In a statement to the market and shareholders, Alpargatas, owner of the Havaianas brand, announced that it entered into a supply and distribution agreement with Eastman Group Inc., whereby Eastman will be the exclusive distributor of Havaianas in the US and Canada. "Both countries are relevant markets for Alpargatas’ internationalisation...