Latest Articles in Business

Inflation in Germany above the two percent mark, again

Rising prices for services and food have pushed the inflation rate in Germany above the two percent mark for the first time since July. In November, consumer prices were 2.2 percent higher than in the same month last year, the Federal Statistical Office confirmed on Tuesday. Preliminary data had already been available at the end of November....

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'Fashion Future': What do younger generations demand from the fashion industry?

Fashion has always been obsessed with youth, but while designers look to the younger generation as a source of inspiration, the generation they are courting is rarely represented when it comes to concrete questions and decisions. Trend seminars and retail conferences repeatedly emphasize the importance of attracting Generation Z - born between...

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Truss secures investment from FIGR Ventures

UK-based resale fashion tech start-up Truss, which is looking to revolutionise the fashion industry by powering resale with AI-enabled data infrastructure, has secured 300,000 pounds in investment from FIGR Ventures. In a statement, Truss said with the new 300,000-pound capital it has also secured critical match-funding to activate a 1.1 million...

Business

Kering confirms tax authorities talks regarding Alexander McQueen probe

Kering is believed to have confirmed that it is currently negotiating with Italian tax authorities to settle a tax probe on Alexander McQueen. The company responded to a report by Reuters–which cited sources with knowledge on the matter–that stated Florence-based prosecutors had opened up an inquiry for omitted tax declarations for the years...

Business

L.L. Bean carries out second round of layoffs this year

US footwear company L.L. Bean has initiated what is now its second round of layoffs for this year. According to various media reports, this latest move will impact between 50 and 75 people, accounting for 3 percent of the company’s Maine workforce. A spokesperson for L.L. Bean told media outlets that "fluctuating retail landscapes” and a need to...

Business

THG Fulfil to deliver a greener e-commerce experience with Zedify

THG Fulfil, the fulfilment and courier management solution from THG Ingenuity, has announced a strategic partnership with Zedify, the UK's fastest-growing cargo bike delivery company, to offer a sustainable delivery option at the checkout. In a statement, THG Fulfil said it would leverage Zedify's innovative zero-emission delivery network for a...

Business|Beauty

LVMH Recherche announces strategic partnership with Integrated Biosciences

LVMH Recherche, the LVMH Beauty research and development division, has announced a strategic research partnership with biotechnology company Integrated Biosciences to discover novel chemical entities that target ageing at the molecular level. The multi-year partnership aims to “supercharge” LVMH Recherche by leveraging Integrated Biosciences’...

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Activist investors call for change at Macy’s, retailer responds

Two activist shareholders of Macy’s have called on the US department store giant to make a number of changes to its structure, including a possible sale of Bloomingdale’s, after it delivered “limited sustainable improvements” to operating results. In a press release and presentation addressing the retailer, Barington Capital Group LP and Thor...

Business|Beauty

Lorena Cosmetics acquires Sk:n and The Harley Medical Group

Lorena Cosmetics, a market leader in healthcare services operating as part of the Lorena Investments Group, has acquired collapsed aesthetic and cosmetic surgery clinic chains Sk:n and The Harley Medical Group (THMG). In a statement, Lorena Cosmetics said the acquisition was part of a broader strategic consolidation, which also includes The Skin...

Business

Mister Spex’s Black Friday campaign drives 30 percent LFL sales growth

Mister Spex, Europe’s omnichannel optician, during its Black Friday 2024 campaign, saw like-for-like sales in its German stores growing by over 30 percent compared to the same period in 2023. The company said that the strong performance was driven by increased foot traffic and precisely targeted marketing efforts, underscoring the importance of...

Business

Pepco Group records strong FY24 financial results

European variety discount retailer Pepco Group, in its preliminary unaudited results statement for the 12 month period said that revenue of 6.2 billion euros, increased by 10.2 percent, driven by new store growth. Like-for-like (LFL) revenue declined by 3.2 percent during FY24. Pepco revenue increased by 14.2 percent; Poundland by 0.2 percent...

BusinessPartner Content

Dutch luxury with global ambitions: LynnSophie® expands into key markets

Rooted in the Netherlands, the luxury fashion brand LynnSophie® is making waves across Europe, with the Middle East poised as its next frontier. Driven by founder Myrthe van der Zanden’s dedication to quality, sustainability, and timeless elegance, the brand is emerging as a fresh name in high-end fashion tailored for career mothers. As...