Latest Articles in Business

New platform supports sourcing of flax-linen and hemp in Europe

The Alliance for European Flax-Linen & Hemp has launched a new online platform that enables users to select creative textiles for fashion and home markets, as well as explore the latest innovations in European flax-linen and hemp materials and textile & technical solutions. The new platform, Linen & Hemp Dream Lab, is the result of the merger of...

Business|Opinion Member

Why has Kurt Geiger changed hands so often?

Beloved in the UK, the last 15 years has seen footwear giant Kurt Geiger on a wild ride of ownership changes, reflecting the turbulent nature of the fashion industry and the challenges of growing a mid-luxury brand in a rapidly evolving retail landscape. The acquisition by Steve Madden in February 2025 marks yet another chapter for the UK-based...

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Authentic to elevate Spyder brand "to new heights" with Outdoor Collective

Authentic Brands Group, the brand, development, marketing, and licensing company, has inked a licensing deal with Outdoor Collective, an innovator in the clothing and accessory manufacturing industry to develop all on-mountain and sportswear apparel for its Spyder brand, known for its ski and snow apparel. As part of the deal, Outdoor Collective...

Business

Shein delays London IPO due to strict approach from Trump

Shein's initial public offering (IPO) in London is facing yet more delays. The fast-fashion giant initially aimed to list on the London Stock Exchange around Easter 2025 (approximately April 20). However, according to the Financial Times (FT), the Chinese company will reportedly miss this target due to "Trump's crackdown on low-value packages"....

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Birkenstock UK sales surge to 59.8 million pounds in 2024

Birkenstock UK, importer and distributor of the footwear brand in the UK, recorded a turnover of 59.8 million pounds during the year to September 30, 2024, with pre-tax profit increasing to 1.8 million pounds for the year under review. This represents significant growth compared to previous years, with turnover figures of 34.5 million pounds in...

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Fashion brands see renewed growth in China amid global recovery

Signs of recovery in China’s luxury market are becoming increasingly clear as fashion brands report encouraging results for 2024. Moncler, the Italian luxury outerwear giant, posted annual revenues of 2.7 billion euros, reflecting an 8 percent increase at constant currency compared to 2023. The Asia-Pacific region was a key driver of this...

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Recap of the IFM conference: 2024 fashion report – between deceptive stability and the beginnings of a new cycle

As we move further into 2025 and the impacts of 2024 recede, the fashion market appears to be in a state of deceptive stability. Beneath the surface, however, shifts are occurring: the precarious balance between physical and digital commerce is wavering, distribution channels are being reinvented, and consumer expectations are shaping a changing...

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Solid financial results for Hermès in 2024

Paris, February 14, 2025 – Hermès continues to assert its leadership position in the luxury industry with impressive 2024 annual results. In an uncertain economic and geopolitical context, the group recorded double-digit growth in both revenue and profitability, confirming the relevance of its artisanal and exclusive model. An exceptional year...

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U.S. tariff crackdown hits Chinese fast fashion giants

Chinese fast fashion giants Shein and Temu are facing declining sales in the U.S. following Donald Trump’s renewed tariff measures targeting Chinese imports. Sales have dropped 16 percent and 41 percent respectively since Trump’s inauguration, driven by the elimination of the “de minimis” trade rule, which previously exempted goods under 800...

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Steve Madden Acquires Kurt Geiger for 289 million pounds

Steve Madden is acquiring British footwear and accessories retailer Kurt Geiger. The US fashion company has entered into a definitive agreement to acquire Kurt Geiger for approximately 289 million pounds (approximately 360 million dollars), Steve Madden announced Thursday. The group is acquiring the footwear retailer from a group led by the...

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HanesBrands update: Revenues up, CEO Bratspies to step down

Clothing company HanesBrands reported fourth-quarter net sales from continuing operations of 888 million dollars, reflecting a 4.5 percent increase compared to the prior year. Income from continuing operations reached 46 million dollars, or 13 cents per diluted share, while adjusted income from continuing operations rose to 61 million dollars,...

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Crocs Q4 earnings surpass expectations, shares surge

Shares of casual footwear company Crocs surged over 16 percent in premarket US trading after the company beat analysts' fourth-quarter net income expectations. While adjusted net income for the quarter decreased 7 percent to 146.2 million dollars, it surpassed the 133.7 million dollars forecast, according to Bloomberg consensus estimates....