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Founders of members-only platform Mile acquire Matches, prepare for 2026 relaunch

After a tenuous period that brought uncertainty to the future of Matches, it appears the ailing British e-tailer may have found a more promising home. Hulcan, a new luxury group created by the co-founders of members-only platform Mile, has stepped up to acquire the company as it prepares for a 2026 relaunch. The deal – financial details of which...

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Richemont UK reports significant increase in annual profit

Richemont UK Limited has reported a significant surge in profitability for the financial year ended March 31, 2025, with profit for the year reaching 21.67 million pounds, up from 8.73 million pounds in the previous year. The luxury goods distributor, which oversees the sale of jewellery, watches, and premium clothing across the UK and Ireland,...

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Etro: Founding family reportedly set to exit; Rams Global among new shareholders

A shareholder restructuring is on the horizon for Etro. According to the newspaper Mff, the founding family is reportedly preparing to sell its stake to new investors. Gefin is therefore set to exit, with plans to sell its stake to Turkish group Rams Global. L Catterton will reduce its holding to 51 percent, whilst a consortium including Mathias...

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Bestseller and John Lewis among Circulose’s latest partners

Recycled textile manufacturer Circulose has announced a slew of new partners as it continues to push forward with its renewed strategic direction focused on securing long-term commitments from brands. The latest additions include Bestseller, John Lewis, C&A, Filippa K, Reformation, Faherty, Bobo Choses and Zero. Their commitment comes on the...

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Lotto to relaunch in North America through new lifestyle apparel license

The parent company of Lotto, WHP Global, has established a new licensing partnership that will see the Italian brand enact its “most significant North American fashion relaunch to date”. The deal was struck with Pure Cotton Global Group, which has been tasked with designing, manufacturing, and distributing a lifestyle apparel line across the US...

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Bravissimo reports 79.3 million pounds revenue after Wacoal Europe acquisition

Bravissimo, a retailer specializing in lingerie, swimwear, and nightwear, underwent a significant change with the acquisition of its immediate parent company, Bravissimo Group Ltd, by Wacoal Europe on September 26, 2024. This acquisition resulted in a change in the accounting reference date to March 31, extending the current reporting period to...

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Stella McCartney reports widened loss amid revenue decline in 2024

Stella McCartney Ltd, the luxury fashion brand, reported a significantly increased loss for the year ended December 31, 2024, despite continued strategic efforts focused on sustainability and product innovation. The company's loss for the financial year widened to 33.59 million pounds in 2024, up from a loss of 24.68 million pounds in the prior...

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Making structure effective: AI as a cost lever in the fashion industry

However high the cost pressure may be, compromising on quality is not an option in the fashion industry. A reliable planning rhythm, a robust data foundation and practical AI building blocks reduce friction costs along the fashion value chain. Thoughtful governance is key during implementation to ensure that savings potential is realised in...

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Eterna files for self-administration proceedings

Eterna Mode GmbH has filed for insolvency under self-administration at Passau District Court. The aim of the proceedings is to implement the final milestone in the transformation of the Passau-based shirt and blouse specialist. This includes the complete outsourcing of logistics as well as the sale and leaseback of the company premises, Eterna...

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VF Corp’s UK and Ireland arm faces job losses as yearly profit slips

US fashion group VF Corporation has cut almost 100 jobs across its UK and Ireland business as turnover and profit slipped over the year to March 31, 2025. According to a filing with the UK’s Companies House, the company’s Northern European division saw its employee numbers drop from 709 in the year prior to 623. FashionUnited has contacted VF...

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How the FullBeauty and DXL merger reshapes the Big & Tall market

Last week, two major players in the US’ size-inclusive apparel category joined hands. FBB Holdings I, Inc. (FullBeauty) and Destination XL (DXL) announced a major merger in a move that intends to accelerate respective growth plans and scale the presence of a “category-defining retailer for inclusive apparel”. Framed as a “merger of equals”, the...

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Fashion for Good endorses Spinnova’s consortium model

Finnish fibre tech firm Spinnova has found allyship in Fashion for Good, an accelerator and collaboration platform hoping to help contribute to the establishment of an industry ecosystem to scale textile innovation. Fashion for Good’s involvement follows the introduction of Spinnova’s revised strategy earlier this year. The Finland-based firm...