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Pringle of Scotland reports resilient performance in 2024

Pringle of Scotland Limited has reported strengthening of its financial position for the 52-week period ended December 29, 2024, characterized by a rise in turnover and a return to profitability. The heritage knitwear brand, headquartered in Hawick, saw its turnover climb to 3.79 million pounds (5.11 million dollars). This increased commercial...

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Crew Clothing's 2024 turnover up 7 percent, profit after tax nearly doubles

Crew Clothing Co Limited has announced a robust financial performance for the 52-week period ending December 29, 2024, characterized by a significant leap in profitability and continued retail expansion. The British lifestyle brand reported a 7 percent increase in turnover to 123.4 million pounds (166.5 million dollars) compared to the previous...

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Safilo and Pierre Cardin renew eyewear licence until 2031

Safilo Group and the maison Pierre Cardin have signed an early renewal of the global licence agreement for the design, production and distribution of its optical frames and sunglasses collections. The agreement extends the current partnership until December 31, 2031, consolidating an industrial and commercial relationship that began in 1991. The...

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Footwear brand Gabor has a new owner: Arklyz

Swiss investor Arklyz has acquired the German footwear brand Gabor. The company, based in Stans on Lake Lucerne, did not disclose the purchase price. According to the announcement, all regulatory approvals have been received. Gabor, previously owned by its founding family, is primarily known for its womenswear shoes. The company is now 100...

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Swinger International acquires sneaker brand Philippe Model

Philippe Model, an internationally recognised sneaker brand, has been sold to Swinger International spa. The seller was 21 Invest, the private equity fund founded by Alessandro Benetton. With this acquisition, the company strengthens its presence in the premium fashion segment. The brand's sneakers are available in key European, American and...

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Overcoming the ‘data deficit’: The key to sustainability in fashion logistics

From 2025 onwards, many large companies across Europe will have to comply with the Corporate Sustainability Reporting Directive (CSRD) (CSRD). This rule significantly expands the number of organisations required to report on environmental, social and governance (ESG) impacts, and introduces the requirement to align with the European...

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Protest Sportswear acquires Swedish ski brand 8848 Altitude

Protest Sportswear has made an acquisition. The Dutch company announced just before the festive season that it is acquiring 8848 Altitude, a Swedish ski and outdoor brand. Protest Sportswear stated that the acquisition strengthens its position in the high-end technical winter sportswear segment. This move expands the Dutch company's portfolio....

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JOTT placed in receivership

Marseille - Marseille-based ready-to-wear company JOTT, which employs nearly 200 people, was placed in receivership on Thursday. A source close to the matter confirmed this on Friday, corroborating a report from La Provence. According to the ruling reviewed by AFP, the Marseille economic activities court has initiated receivership proceedings...

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TFG London acquisition strategies yield revenue surge amid macroeconomic headwinds

TFG Brands (London) Limited, the central UK hub for The Foschini Group (TFG), has reported a significant revenue increase for the financial year ended 29 March 2025. Despite a challenging global economic backdrop, the Group’s turnover rose to 377.5 million pounds, up 16.7 percent, bolstered by the successful acquisition of White Stuff in October...

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AI in fashion: How Playar uses XR and AI for immersive experiences and storyliving

Artificial intelligence (AI) is rapidly changing the fashion industry. While some companies are waiting, others are taking bold steps forward. For the ‘AI in Fashion’ series, FashionUnited speaks with Justin-Caine Cavanas, XR and AI lead at Playar, a company specialising in immersive experiences. 1. Who are you and what do you do? I am...

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Circulose partners with Birla Cellulose for advancement of circular textiles

Swedish recycling textile pulp manufacturer Circulose has entered into a strategic partnership with Birla Cellulose, a sustainable viscose fiber manufacturer, to help accelerate textile recycling through enhanced brand collaborations and access to end-to-end solutions across the value chain. Under the new partnership, Circulose will supply Birla...

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Storm Bram dampens fashion sales as UK retail hits nine-month low

The UK retail sector faced its toughest trading week since early spring, with total like-for-like (LFL) sales plunging by -7.13%. This sharp decline marks the lowest result since the second week of March, a downturn exacerbated by the disruptive arrival of Storm Bram, which brought heavy rain, gale-force winds, and snow to much of the country....