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Barclay family to lose control of Very Group to Carlyle - report - FashionNetwork India
News business : Ownership of fashion/lifestyle e-tail giant Very Group is expected to transfer to its biggest lender — US investment giant Carlyle Group. Current owner, the Barclay family, is preparing to cede control of the firm.
S&P Global revises credit outlook for Gucci owner Kering to negative from stable - FashionNetwork India
News business : S&P Global has revised its credit outlook for luxury goods group Kering S.A. to negative from stable, after sales of Kering's Gucci brand and other products declined in the first half of the year.
Adidas apologises for sandal appropriating Indigenous Mexican design - FashionNetwork India
News medias : Adidas has formally apologised after Mexico President Claudia Sheinbaum criticised the sportswear brand over a shoe that replicated traditional Indigenous huarache sandals without attributing the design.
Copenhagen Fashion Week: strong season as 20th anniversary draws closer - FashionNetwork India
News defiles : As it approaches its 20th anniversary in 2026, Copenhagen Fashion Week goes from strength to strength. Hugely influential for its pioneering sustainability focus, its latest outing also offered some strong collections.
UK's John Lewis dives even deeper into beauty with huge investment, Fenty collab - FashionNetwork India
News distribution : Beauty consumers are enjoying a good year when it comes to store choice. Superdrug, Boots and Sephora are building out their portfolios with new superstores in key destinations, and John Lewis has joined the party.
Gemfields sells Fabergé eggs maker for $50 million - FashionNetwork India
News business : Gemfields Group said on Monday it had sold Fabergé Ltd, the maker of the jewelled Fabergé eggs, to SMG Capital for 50 million dollars, as the coloured gemstones miner ramps up efforts to streamline its business.
Trump’s 50% levy is forcing Indian banks to scrutinise exporters - FashionNetwork India
News industrie : Indian banks are increasing scrutiny of new loan applications from exporters by asking about exposure to the US market and contingency plans for coping with US President Donald Trump’s steep tariffs.
Relief for River Island as High Court approves restructuring, but the hard work starts now - FashionNetwork India
News distribution : River Island got the green light from the High Court for its restructuring plan on Friday so its planned 33 store closures will now go ahead and a lifeline loan from the family that founded and owns it will be unlocked.
Mexico wants Adidas to pay up after Mexican-American designer launches Indigenous-inspired shoe - FashionNetwork India
News medias : Mexico is looking for footwear giant Adidas to pony up after a Mexican-American designer, Willy Chavarria, working with the firm launched a shoe inspired by a traditional Indigenous sandal, authorities said on Friday.
Switzerland says tariff talks with US continue, gold industry concerned about bullion trade - FashionNetwork India
News industrie : Switzerland is continuing discussions with the US about reducing potentially crippling import duties, its government said on Friday, as the country's gold industry warned exports of gold bars to the US.
Ikea bets on online growth in China with JD.com launch - FashionNetwork India
News distribution : Swedish retailer Ikea opened a digital store on Chinese e-commerce platform JD.com on Friday, as it expands its presence on third-party online shopping sites in China to draw in new customers with cut-price products.
Elf Beauty sees smaller core profit margin in first half of fiscal 2026 on tariff costs - FashionNetwork India
News business : Elf Beauty said on Wednesday it expects a smaller core profit margin for the first half of fiscal 2026 due to higher tariff costs, clouding gains from an upbeat first quarter.
Wary of sticker shock, retailers clash with brands on price hikes - FashionNetwork India
News industrie : Caught between rising costs from tariffs and belt-tightening consumers, big retailers are clashing with the producers of consumer brands such as Nivea-maker Beiersdorf, as they look to avoid sticker shock.
Ralph Lauren lifts revenue view, warning on margin pressure weighs on shares - FashionNetwork India
News business : Ralph Lauren raised its annual revenue forecast on Thursday on higher demand for its Polo shirts and cable-knit sweaters in North America but said tariff pressure on its margins will ramp up in the back half of the year.
Zalando's Q2 GMV and revenue rise, e-tailer ups guidance after About You buy - FashionNetwork India
News business : German online fashion e-tailer Zalando saw its gross merchandise volumes (GMV) rising in Q2, it said on Tuesday, when it also raised its full-year guidance to include newly acquired About You.
Michael Kors owner Capri posts smaller-than-expected revenue drop - FashionNetwork India
News business : Capri Holdings posted a smaller-than-expected drop in quarterly revenue on Wednesday, helped by improving demand for the Michael Kors owner's luxury handbags and footwear despite a broader retail slowdown.
Euro zone retail sales grow quicker than thought after revisions - FashionNetwork India
News business : Euro zone retail sales grew quicker than thought in June, data showed on Wednesday, reinforcing views that the bloc remains resilient to trade uncertainty thanks to the continued rebound in domestic consumption.
Prada promotes Christopher Bugg to chief communication officer - FashionNetwork India
News nominations : Prada has promoted Christopher Bugg to chief communication officer. Bugg was hired in January 2020 as Prada's marketing and communication director for Asia and swiftly appointed group communication director.
Tween jewellery retailer Claire’s files for second bankruptcy - FashionNetwork India
News business : US retailer Claire’s has filed for its second Chapter 11 bankruptcy, months after President Donald Trump’s tariff plans created uncertainty for how the pre-teen-focused retailer’s global supply chain will be affected.
Kohl’s can turn its meme moment into something more - FashionNetwork India
News distribution : Kohl’s Corp. should make the most of its meme stock status. Some of the investor fervour around the department store has faded but another 6% jump on Monday puts its shares at almost double their April low.
US proposes new drone rules that could lead to Amazon deliveries - FashionNetwork India
News innovations : The US Transportation Department is proposing new rules to speed deployment of drones beyond the visual line of sight of operators, a key change needed to advance commercial uses like package deliveries.