Business

EU Green Week: What opportunities do repair and reuse offer for the textile sector?

The theme of this year’s EU Green Week was “Circular Solutions for a Competitive EU”. The event explored how circularity could become a new economic reality with a circular economy driving sustainable competitiveness, reducing waste and promoting innovation within the EU. The aim of the EU Green Week, which took place last week in Brussels, is...

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Gordon Brothers snaps up Poundland, to inject 80 million pounds into turnaround

Restructuring and investment firm Gordon Brothers has emerged as the buyer of Poundland. As a result, the British budget retailer will receive an 80 million pound financing boost to back a ‘Proposed Restructuring’, agreed on by all three parties, including former owner Pepco Group. Details on this plan are expected to be shared by Poundland in “...

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Spacemade launches new hub tailored for the business side of fashion and beauty

Spacemade, the UK’s fastest-growing flexible workspace operator, has launched Studio Y, a new hub tailored for scaling fashion, beauty and creative businesses, located at the Notting Dale Campus in West London. Opening at the Yellow Building in the Notting Dale Campus, the 19,000 square foot space aims to fill a critical gap in West London by...

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Pinko returns to profitability following strategic restructuring and new leadership

After navigating several challenging years, Italian womenswear brand PINKO has successfully returned to profitability in the first quarter of 2025. This marks a significant achievement in its ongoing transformation, driven by a strategic overhaul and new leadership. The company, founded in 1986 by Pietro Negra and Cristina Rubini, reported Q1...

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