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Fashion for Good endorses Spinnova’s consortium model

Finnish fibre tech firm Spinnova has found allyship in Fashion for Good, an accelerator and collaboration platform hoping to help contribute to the establishment of an industry ecosystem to scale textile innovation. Fashion for Good’s involvement follows the introduction of Spinnova’s revised strategy earlier this year. The Finland-based firm...

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Kering monetises Fifth Avenue asset through Ardian partnership

Luxury group Kering and investment firm Ardian have announced the completion of a co-investment agreement, formalised through the creation of a joint venture centred on a real estate asset on Fifth Avenue in New York. The building, located at 715-717 Fifth Avenue, occupies a prime position offering approximately 10,700 square metres of luxury...

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Safilo withdraws bid for Inspecs

Safilo does not intend to make a binding offer for British eyewear company, Inspecs. In a statement, Inspecs said that in light of the proposed acquisition by Bidco at a price of 84 pence per share, Safilo Group has confirmed it does not intend to make a binding offer for Inspecs. Bidco is a newly formed company established for the acquisition...

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Luxury: 86 percent of Indian consumers plan to increase spending over next 12 months

Nearly two thirds of Indian and Chinese consumers have spent over 20,000 euros on luxury goods in the past 24 months. Additionally, 86 percent of Indian consumers plan to further increase their spending over the next 12 months, the most significant figure among all markets analysed. The data confirms that luxury growth continues, yet drivers and...

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Cheap clothing imports, high-quality material exports: figures reveal Japan's fashion industry

In recent years, Japan's apparel market has consistently fallen short of the nine trillion yen level seen before Covid-19. One reason for this phenomenon is the labour shortage in the textile industry. The average annual income in the textile sector is 5.81 million yen, which exceeds the wider industry average. However, textile wages remain more...

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Next said to be among suitors for Russell & Bromley takeover

British retailer Next is reportedly among a string of suitors eyeing an acquisition of Russell & Bromley. The family-owned footwear business announced in October that it was seeking external financing as part of the next phase of its ReBoot turnaround plan. Next is said to be among the interested parties, according to sources for Sky News, with...

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Frasers Group reportedly eyeing SilkFred takeover

Frasers Group is said to be mulling a takeover of troubled e-tailer SilkFred. According to sources for Drapers, the British retail giant is one of three parties considering a takeover. SilkFred appointed administrators from Quantuma in November after becoming “another victim of tough trading conditions”, the firm’s managing director, Andrew...

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SuperCircle secures 24 million US dollars to scale textile waste management

Circularity infrastructure start-up SuperCircle, which offers a full-service technology and reverse logistics textile management platform for retail brands, including J.Crew, Guess, and Reformation, has raised 24 million US dollars to scale its AI-powered platform. The Series A funding was led by venture capital firm Foundry, with participation...

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Future Snoops: “AI can become one of the most powerful sustainability tools we have”

“The future isn’t predetermined. The impact of AI depends entirely on how we choose to use it. If we’re intentional, if we design responsibly and act with purpose, AI can become one of the most powerful drivers of sustainability in the decade ahead,” said Emma Grace Bailey, director of sustainability at Future Snoops (FS), during the trend...

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Rent the Runway achieves 15.4 percent revenue growth in Q3 driven by subscriber increase

Rent the Runway, Inc. reported financial results for the fiscal quarter ended October 31, 2025, demonstrating execution on its multi-year transformation plan with significant strategic and operational milestones. Revenue grew 15.4 percent year-over-year to 87.6 million dollars, driven by subscriber growth, with ending active subscribers...

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IKKS Group acquired, many jobs to be cut

French ready-to-wear group IKKS, having been placed in receivership, has found a buyer. The acquisition will see its workforce halved with the loss of approximately 500 jobs, according to the takeover bid approved by the Paris Commercial Court on Friday. 546 direct jobs retained out of 1,094 The offer proposes the retention of 546 direct jobs...

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Business|CEO Interview

Toms' next chapter: CEO Jessica Alsing discusses brand resurgence and global market expansion

Earlier this year, Toms found its new chief executive in Jessica Alsing, the first woman to helm the global footwear brand. Her appointment marked the beginning of a new phase defined by growth, innovation and a renewed take on philanthropic giving, the latter a core pillar in the brand’s legacy. Upon her appointment, Alsing underlined a focus...