News

French billionaire Bernard Arnault, Europe’s richest man, further tightened his grip on LVMH after he delivered on a promise to boost his holding in the luxury group beyond the 50% mark. 

There have been recent indications we are past the nadir of contracting Swiss watch exports. But recovery is slow and, even if the market strengthens, the spoils won’t be evenly spread.

The Italian leather goods brand recorded revenue of €114 million in fiscal 2025, up 10% over the previous year, confirming the result posted in H1 and generating a positive EBITDA result.

Former The Body Shop, Charles Tyrwhitt and L’Occitane CEO David Boynton has become jewellery giant Pandora’s MD for Northern Europe following a nine-month stint as its interim GM for Central Eastern Europe.

British retail sales fell sharply in February, which stores partly blamed on ⁠unusually persistent wet weather that encouraged shoppers to spend online instead, the Confederation of British Industry said on Tuesday.

The Trump tariffs did not prevent an increase in US imports, nor did they reduce imports of textiles and clothing; instead, these flows simply shifted towards Asian suppliers other than China.

​As global footwear and lifestyle brand Converse continues to deepen its retail presence across India, the label has made its brick-and-mortar debut in Kolkata in partnership with Bhaane Group.

High-performance thermal insulation specialist PrimaLoft, owned by the Compass Diversified group, has announced that Eric Weis has been appointed as president, replacing former CEO Anne Cavassa.

French cosmetics brand Clarins has deployed the AI Shade Finder, a high-precision colorimetric diagnostic tool developed with Californian firm IlluminateAI, to optimise in-store conversion rates for foundations.

Coach continues to up its sustainability credentials with the US luxury brand back collaborating with Beyond Retro’s parent company Bank & Vogue.

Portuguese-British brand Marques’Almeida unveiled a collection in London and announced that, after a period dedicated to menswear, it is returning to womenswear, with its presentation in London, then in Milan.

They’re big. They’re coming. And Nobody’s Child’s ahead of the game. The fashion retailer has produced its own practical guide to Digital Product Passports (DPP) launching in early 2027. 

Want to know what’s behind the ‘M’ in Montirex? Look no further, as the UK sportswear brand has “pull[ed] back the curtain” with a YouTube series delivering an “honest unfiltered look at building a brand”.

Sephora has been opening a number of stores since it returned to the UK market a few years ago and now it’s ready for the next step as it introduces its boutique store concept with a Carnaby Street, London opening.

Uniqlo’s deep association with tennis and its stars continues with the Japan apparel retail giant signing Emma Raducanu as its latest global ambassador.

Spanish fragrance and cosmetics company PyD is expanding into Brazil and Canada in partnership with Prestige Perfumes e Cosméticos SA, adding more than 300 points of sale for Tous, Halloween, and Scalpers.

EU countries on Tuesday gave their final approval to scale back rules that require companies to address environmental and human ⁠rights risks in their supply chains, after months of pressure.

Saks Global Enterprises said hundreds of brands, including Burberry and those owned by LVMH and Kering, have either resumed or continued shipping to the troubled retailer as it tries to emerge from bankruptcy.

Barcelona-based brand Desigual has taken its store count in China to nine with the opening of a new store at Shanghai’s Taikoo Hui shopping centre, bolstering its expansion following 113% growth in the country in 2025.

Spanish fragrance company Eurofragance has named Felipe Araya as general manager for the EAT region, a newly created role designed to strengthen its leadership there following the appointment of Joan Pere Jiménez as CEO.

Meta Platforms Inc. and its partner EssilorLuxottica SA, out to an early lead in the market for smart glasses, are working through differences over pricing and strategy as demand surges, according to sources.

Originally planned for late 2025, these Shein concessions are opening in department stores in Limoges, Angers, Dijon, Grenoble, and Reims, four months after the outcry sparked by the platform’s arrival at the BHV Marais.

The owner of most global IKEA outlets said on Tuesday sports retailer Decathlon will open a store in one of ⁠its British locations as the budget furniture giant rolls out trials of bringing third parties under its roof.

Barcelona-based textile company Nextil reported revenue of €30.4 million for 2025, with EBITDA of €9.5 million and a net profit of €3.7 million, while also reducing its net financial debt by 65%.

Shein plans to invest over 10 billion yuan to strengthen its supply chain in Southern China, as the fast‑fashion online retailer seeks to reinforce ties with Beijing amid a stalled Hong Kong IPO and mounting pressures. 

Together Group, the growing agency collective for fashion, beauty and lifestyle, is embracing AI and has signed up with Multiply.co as the tech firm’s first international network client.

The French women’s and menswear brand has named a leading figure from the media world as its creative chief. Dan Sablon, culture director-at-large at Vogue France, will debut at Paris Fashion Week in March.

​Harrods’ fashion buying director Simon Longland has delivered his verdict on London Fashion Week and while he’s tight-lipped about the newcomers on his watchlist, he’s happy to share what he saw as the top collections.

The Met announced on Monday the official theme for its upcoming 2026 Met Gala is ‘Fashion is Art’, which is set to take place on May 4.

The Salvation Army has launched “Thrift Score,” the world’s first digital thrift store on Roblox, as part of its aim to reach a new generation.