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Seidensticker CEO: US expansion and return of wholesale for womenswear?

January remains a difficult month for brick and mortar retail, a sentiment echoed by shirt specialist Seidensticker. Nevertheless, the German company has a positive outlook for the year and expects the situation to stabilise, according to CEO Silvia Bentzinger. At the Pitti Uomo menswear trade fair in Florence, the CEO offered insights into the...

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Gordon Brothers acquires LK Bennett, plans asset-light model

Global asset management firm Gordon Brothers has acquired the British heritage brand LK Bennett and its related intellectual property assets from the joint administrators of LK Bennett Fashion Limited. The deal, announced on January 28, 2026, follows the second collapse of the brand since 2019 amid a “challenging business and retail environment”...

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Amazon to reduce global workforce by 16,000 roles

E-commerce giant Amazon is cutting 16,000 jobs worldwide. The company has not yet specified which roles will be affected as it concentrates its efforts on artificial intelligence. “The reductions we are implementing today will impact approximately 16,000 roles across Amazon, and we are working (...) to support everyone whose position is...

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The North Face and Timberland drive VF Corporation's Q3 growth

US apparel group VF Corporation has once again exceeded expectations in the third quarter of its 2025/26 financial year. The parent company of brands such as The North Face, Vans and Timberland achieved surprising growth in revenue and profit, according to the latest results presented by the company on Wednesday. In the three months to December...

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At CIFF, Selected unveils modular retail concept as global rebrand continues

At the ongoing edition of CIFF, Bestseller-owned Selected is stepping up its transformation, unveiling a new modular retail concept as it accelerates a broader European expansion strategy. The launch marks progress in the Danish brand’s transition from brand to label, with department store partnerships and shop-in-shop formats central to its...

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Dr. Martens shares fall after flat revenue forecast for 2026

Shares in British shoemaker Dr. Martens fell by almost 12 percent on the London Stock Exchange on Tuesday. This followed the publication of a company report on the same day, signed by CEO Ije Nwokorie. He states that revenue for fiscal year 2026 will likely remain stable. This is not good news, considering the declining performance over the past...

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Amazon unintentionally announces layoffs in mistaken email sent to employees

Amazon has unintentionally informed employees of a new round of global job cuts in an email that appears to have been sent out mistakenly. The layoffs, referred to in the email as part of “organizational changes” in Amazon’s cloud unit, would affect a group of workers across the US, Canada, and Costa Rica. Employees at Amazon Web Services (AWS)...

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Debenhams Group hikes earnings outlook and decides to keep PrettyLittleThing

UK-based online platform Debenhams has announced it is trading ahead of initial expectations for the financial year ending February 28, 2026. The group now expects full year adjusted EBITDA for total operations to reach 50 million pounds (69 million dollars). Strategic shift for PrettyLittleThing In a significant policy reversal, the board of...

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LVMH increases stake in Loro Piana to 94 percent

Yesterday, during a conference call with analysts, LVMH chairman and chief executive officer Bernard Arnault announced that the group has strengthened its hold on the Italian brand, Loro Piana. The company conducted a partial buyout in 2025 of the brand's shares held by the Loro Piana family, as reported by Italian news agency Il Sole 24 Ore...

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Salvatore Ferragamo's 2025 revenue declines to 977 million euros

Salvatore Ferragamo has reported its preliminary consolidated group revenue figures for the 2025 financial year and for the fourth quarter. In the fourth quarter of 2025, preliminary consolidated revenues were 282 million euros (338 million dollars). This represents a decrease of 2 percent at constant exchange rates and 3.2 percent at current...

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Goodbye DFS, hello Sephora: LVMH's major strategic shift — an analysis of the 2025 financial year

LVMH closes the 2025 financial year with a clear-sighted assessment. Following the post-pandemic euphoria, Bernard Arnault's group reported revenue of 80.8 billion euros, a 5 percent decline on a reported basis. While this headline decline is largely exacerbated by currency volatility, particularly the weakness of the dollar and yen against the...

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Adidas faces global union pressure over collective bargaining practices

Trade union representatives from key Adidas supplier countries gathered in Tangerang, Indonesia, earlier this month to discuss labour standards, collective bargaining and working conditions across the brand’s global supply chain. Around 30 union delegates from Cambodia, Indonesia, Pakistan, India and Myanmar attended, alongside representatives...