Latest Articles in Business

First Q1 performances of luxury fashion companies impacted by Trump tariffs and geopolitical tensions

Financial news of the week: Trump Tariffs, Geopolitical Tensions Hit Luxury Sector The first financial results of Q1 2025, reported this week, show that trade tensions and geopolitical uncertainty are weighing on the performance of key luxury fashion groups. First Q1 results reveal slowdown across major fashion houses LVMH posted a 3 percent...

BusinessMember

France: intelligent protectionism faced with ultra fast fashion

Paris - Will protectionism become a condition for the survival of the French fashion industry? As the Trump administration relaunched its trade offensive against China in April 2025, imposing massive tariffs on imports, Europe braces for a shockwave that could hit its own market hard. Earlier this week the Fédération Française du Prêt à Porter F...

BusinessMember

CFDA partners with AI powered personal styling app Alta

The Council of the Fashion Designers of America (CFDA) has partnered with the personal styling app Alta in a bid to offer designers new ways to engage with audiences. Powered by more than a dozen artificial intelligence models trained by Alta's team, the app uses AI to optimize users' existing wardrobes and help them shop for pieces that fit and...

BusinessMember

Shein & Temu to increase prices as tariffs come down on cheap imports

Ultra-fast fashion retailer Shein and Chinese online marketplace Temu are set to increase prices next week as new tariffs implemented by US President Donald Trump on apparel and footwear in a bid to limit low-value imports begin. As the tariffs drive up expenses for companies, Temu and Shein issued statements to customers this week stating that...

BusinessFeaturedMember

LVMH general meeting: Jonathan Anderson at Dior Men's and 2025 strategy focused on quality

Jonathan Anderson appointed for the Dior Men's collection, to be shown June 2025; quality rather than growth, at all costs; the desire to create a free trade area with the US; and the vote in favour of keeping Bernard Arnault at the helm until the age of 85: these were the four key announcements that emerged from the general meeting of the...

BusinessMember

Textile-to-textile recycling: Reju partners with Rematrix

Textile-to-textile regenerator Reju has entered into a partnership with Rematrix, a Producer Responsibility Organization (PRO) from Vicenza, Italy, to secure a compliant and sustainable supply of end-of-life textiles. Rematrix collaborates with fashion companies and manages the end-of-life phase of their textile products, ensuring compliance...

BusinessMember

Communications group The Independents snaps up design studio 2x4

The Independents is continuing its acquisition spree. The international communications group has announced that it has snapped up design studio 2x4, in what it says adds “design and brand strategy capabilities to its growing roster of specialist agencies”. By bringing the New York and Beijing-based studio under its wing, The Independents said...

BusinessMember

Pimkie's restructuring shows encouraging results for Q1

Lille - Following a difficult period marked by a bankruptcy protection procedure, the French ready-to-wear brand Pimkie announced promising sales results for the first quarter and its intention to invest 10 million euros this year, particularly in the renovation of its boutiques. Encouraging First Quarter for Pimkie, Which Will Invest This Year...

BusinessMember

CaaStle reportedly secures bridge loan to support Chapter 11 process

CaaStle has seemingly found a light at the end of the tunnel. The US fashion rental platform, which has worked with brands like LK Bennett and Derek Lam on branded rental offerings, is believed to have secured a 2.75 million dollar bridge loan to help support an impending Chapter 11 process and despite an ongoing lawsuit. According to a letter...

BusinessMember

Swiss watch exports: US market drives March growth

Zurich - Swiss watch exports rebounded by 1.5 percent in March, climbing to 2.38 billion Swiss francs (2.56 billion euros), driven by watch shipments to the US, the Swiss Watch Federation announced on Thursday. "Across the entire first quarter, however, the trend remains slightly negative, with a decline of 1.1 percent,” the Swiss Watch...

BusinessMember

InPost acquires majority stake in home delivery service Yodel

InPost has expanded its presence in the UK market through the acquisition of local home delivery service Yodel. The European logistics firm snapped up 95.5 percent of Judge Logistics Ltd (JLL) share capital, the parent company of Yodel Deliver Network, while PayPoint retained a 4.5 percent stake. With this, InPost says it has moved up to become...

BusinessMember

UK inflation marginally eased in March yet clothing prices rise

Headline inflation in the UK marginally fell in March, however, prices rose in clothing and footwear, reversing trends seen earlier in the year. Prices for the category increased 1.1 percent in the 12 months to March 2025, the Office for National Statistics (ONS) reported, compared with a drop of 0.6 percent in the 12 months to February. ONS...