Home

News

Business

Latest Articles in Business

Authentic enters 311 million dollar deal to acquire Dockers from Levi Strauss

Authentic Brands Group has entered into a definitive agreement to acquire Dockers from Levi Strauss & Co. for a transaction value of 311 million dollars. The deal reflects LS&Co.’s strategic efforts to zone in on its direct-to-consumer business. The transaction, which is subject to customary adjustments and closing conditions, has the potential...

Member

Business

Parent company Arc’teryx and Peak Performance raises annual expectations after positive Q1

Amer Sports, Inc. had a strong first quarter. The Finnish sports group saw significant growth in both revenue and net income, according to the published quarterly figures. Due to the strong results, Amer Sports, Inc. decided to raise its expectations for the full financial year. Amer Sports, Inc. is the parent company of the brands Arc’teryx,...

FeaturedMember

Business

Textile crisis between India and Bangladesh: Inside a logistical lockdown

By blocking imports of Bangladeshi garments via land, India is indirectly closing off its neighbour’s access to its ports and airports, which are essential for its global exports. The decision appears to be a form of diplomatic retaliation. On May 17, 2025, India announced the suspension of several Bangladeshi imports via its land border posts,...

Member

Business

Tamara Ralph settles legal dispute with former Ralph & Russo creditor

Designer Tamara Ralph has settled a legal dispute with Candy Capital, a former creditor of her shuttered Ralph & Russo business, which she had run alongside Michael Russo. Candy, an investment firm owned by real estate agent Nick Candy, had filed a lawsuit against the British luxury brand back in 2021 in regards to a disagreement over a 15...

Member

Business

The Crown Estate signs “transformational” partnership with Lendlease

The Crown Estate, which manages property and land belonging to the British monarch, has formed a joint venture with Australian developer Lendlease on six major projects in the UK, including 60 acres above and around Euston Station in London. In a statement, The Crown Estate said its investment in the new 50/50 joint venture will support the...

Member

Business|Beauty

Unilever to invest 80 million pounds in new fragrance facility

British fast-moving consumer goods giant Unilever is investing 80 million pounds to build in-house fragrance capabilities in the UK, including plans for a new state-of-the-art fragrance facility near Liverpool to develop “leading-edge digital capabilities and to recruit and partner for the very best fragrance talent and expertise”. Plans for the...

FeaturedMember

Business

H&M Foundation names Global Change Award winners

H&M Foundation, the non-profit funded by the Persson family, which founded fashion retailer H&M, has named 10 early-stage innovations that will “reshape the fashion industry” from clean tech recycling in China to community-powered circularity in Ghana as winners of the Global Change Award (GCA) 2025. The annual awards aim to spotlight “...

Member

Business

European economy starts 2025 stronger than expected

The European economy surpassed expectations at the start of 2025. The European Commission shared in its most recent economic forecast that the economy had a stronger start than anticipated. The European economy is expected to continue growing slowly in 2025, with an acceleration in 2026, according to the update. The Gross Domestic Product in the...

Member

Business

Hudson’s Bay intellectual property acquired for 30 million dollars

The intellectual property of Canadian retailer Hudson’s Bay Company (HBC) has been snapped up in an acquisition deal amounting to 30 million Canadian dollars (21.5 million US dollars). The move has been made by Canadian Tire Corporation (CTC), which announced that it had entered into a definitive agreement to secure the HBC Stripes – the stripe...

Member

Business

Growth of Chinese economy slowed in april

The growth of the Chinese economy in April did not meet analysts' expectations. Retail sales growth and production growth in the country were lower than previously expected, according to Reuters and AP News. A major reason cited was the increase in import duties between the US and China since the beginning of April. Retail sales growth amounted...

Member

Business

Reju announces first industrial size textile-to-textile recycling centre in the Netherlands

After openings its pilot plant “Regeneration Hub Zero” in Frankfurt, Germany in October of last year, textile-to-textile regeneration company Reju has announced its first industrial size textile-to-textile recycling centre in the Netherlands. Called “Regeneration Hub One,” Reju has selected Chemelot Industrial Park in Sittard, Netherlands, which...

Member

Business

Carlyle close to finalising sale of Twinset for just under 200 million euros

US fund Carlyle is about to conclude an agreement to sell the Italian ready-to-wear brand Twinset to the investment groups Borletti and Quadrivio, according to sources close to the matter cited by Reuters. The transaction, expected in the coming days, would value the brand at just under 200 million euros, amid significant debt. Founded in 1987...