Latest Articles in Business

OLYMP places responsibility for people and the environment at its core

"Responsibility is only a value when it is lived up to." With this central quote from Mark Bezner, owner and CEO of OLYMP Bezner KG, the company, internationally renowned for high-quality menswear, is launching its new communication on corporate responsibility and sustainability. In the future, OLYMP will label each product with its individual...

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Frasers Group launches takeover bid for Accent Group

UK retail conglomerate Frasers Group plc has announced an unsolicited all-cash on-market takeover offer to acquire all outstanding ordinary shares in Australian performance and lifestyle footwear retailer Accent Group Limited that it does not already own. The offer is set at 0.65 Australian dollars per share, valuing the remaining 77.10 percent...

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El Corte Inglés boosts profits by +22.6 percent to 628 million euros in 2025

Madrid – Spanish department store group El Corte Inglés reported the results for its last fiscal year 2025 on Monday morning. For the period ending February 28, 2026, the company increased its revenues and profits while continuing to reduce its debt. According to information provided by the Spanish company's management, El Corte Inglés (ECI)...

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Pitti Uomo 110: How Kutetailor is building the operating system for modern tailoring

For decades, made-to-measure tailoring has been defined by craftsmanship. Today, the challenge is no longer craftsmanship alone—it is scalability. As retailers and brands face growing demand for personalization, many are struggling to bridge the gap between customer customization and manufacturing execution. Long lead times, fragmented...

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Fast fashion law: discussions to resume in parliament

Paris - More than two years after a bill to curb the rise of “fast fashion”, epitomised by the giant Shein, was adopted by the National Assembly, its progress will resume in parliament. A highly anticipated meeting has been scheduled for next week. Adopted by MPs in March 2024 and then by the Senate in June 2025, the bill from Horizons MP Anne-C...

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Trump announces definitive peace agreement with Iran and reopening of Hormuz

Madrid – The president of the United States, Donald J. Trump, has announced that the country has reached a definitive peace agreement with the Islamic Republic of Iran. This will put an end to the armed confrontations between the two countries and will allow for the complete, toll-free reopening of the Strait of Hormuz. The treaty will be...

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How to do it: Brands talk about DPP implementation

The digital product passport (DPP) is currently being rolled out under the EU's Ecodesign for Sustainable Products Regulation (ESPR). From 2027, it will be mandatory for priority product groups, including garments and textiles, and will apply to almost all physical goods sold in the EU, regardless of where the manufacturer is located. For...

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The rise of British farm-to-fashion: 3 Companies spearheading the return to local production

In a fashion landscape defined by increasingly complex supply chains and globalised tensions, the UK’s ‘farm to fashion’ movement has emerged as a stabilising presence. Such setups are not exactly new in the way of localisation, yet the format is being revived and modernised alongside a cross-industry call for a return to “Britishness”. Many of...

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Theker robotics closes 85 million dollar funding round, backed by Inditex and the Arnaults (LVMH)

Madrid – Spanish robotics start-up Theker Robotics has confirmed the closing of its latest funding round of 85 million dollars. The emerging company specialises in the design, production and marketing of robots for industrial process automation. The funds were contributed by a diverse group of investors, both old and new. These include the...

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UK store fashion outperforms as physical leads category higher

The pattern inverted from recent weeks, with UK store fashion sales growing +6.60% in the latest week against a near-flat +0.19% base last year — a clean underlying gain rather than a base-effect rebound, according to the latest BDO High Street Sales Tracker. Total fashion like-for-like (LFL) sales held in growth at +1.85%, against a positive...

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The story behind World Collective and its DPP-Ready Textile Library

“Our goal is to create an ecosystem, not simply a fabric marketplace,” Jeanine Ballone, co-founder and CEO of World Collective explains when asked what her mission is. Ballone launched the digital sourcing platform in 2022 after years of working across what she described as a fragmented and relatively outdated global supply chain. To address...

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Original Blues appoints liquidators after 41 years in business

British clothing brand Original Blues is joining the slew of retailers shutting up shop after appointing liquidators to oversee its winding down process. According to a filing with The Gazette, Umang Patel of Neum Insolvency was named the company’s liquidator. The official voluntary process will involve the sale of assets to pay creditors before...