Featured Latest News

Borgini Jersey Targets Double-Digit Growth as It Expands in Luxury Fashion

Ut World October 28, 2026 0

Italian textile manufacturer Borgini Jersey is strengthening its presence in the high-end fashion segment while continuing to expand its established sportswear and beachwear businesses. Founded in 1973 in Cassina Rizzardi, in Italy’s Como silk district, the company specialises in circular Continue Reading

Featured Latest News

Basicnet Revenue Jumps 21.6% in First Nine Months on Woolrich and Sundek Acquisitions

Ut World October 27, 2026 0

Italian fashion group Basicnet reported a 21.6% increase in consolidated revenue to €369 million in the first nine months of 2026, compared with €303.4 million in the same period last year. The Turin-based company’s growth was driven partly by the addition of Woolrich and Sundek to its brand portfolio. The results were reviewed by the […]Continue Reading

Featured Latest News

Temu Proposes Consumer Protection Changes After €200 Million EU Fine

Ut World October 26, 2026 0

Online shopping platform Temu has pledged to strengthen consumer protection measures following a €200 million fine imposed by the European Commission for violating the European Union’s Digital Services Act (DSA). The company has submitted proposals to the commission, which has initially accepted them. Temu has four months to implement the proposed changes, including Continue Reading

Featured Latest News

Boohoo/Debenhams to Create Over 1,200 Jobs at Burnley Hub

Ut World October 26, 2026 0

Boohoo/Debenhams Group is set to create more than 1,200 jobs as it returns its fulfilment operations to its Burnley distribution hub through a new partnership with GXO Logistics. The move, expected to take place early next year, follows the £90 million sale of the group’s Sheffield distribution site to Primark. GXO, the world’s largest pure-play […]Continue Reading

Featured Latest News

UK Retail Sales Fall 0.4% in September Amid Weak Consumer Confidence

Ut World October 23, 2026 0

UK retail sales volumes fell by 0.4% in September 2026 compared with the previous month, according to the Office for National Statistics (ONS), as uncertain consumer confidence weighed on spending. The decline followed a 0.7% increase in August and a 0.4% fall in July. The latest figures were weaker than economists’ expectations of a 0.1% […]Continue Reading

Featured Latest News

Prada Group Reports 15% Revenue Growth in First Nine Months of 2026

Ut World October 22, 2026 0

Prada Group reported net revenue of €4.54 billion for the first nine months of 2026, marking a 15% increase at constant exchange rates and 12% on a reported basis compared with the same period last year. Organic growth stood at 4%, excluding Versace’s contribution and currency effects. In the third quarter, sales rose 11% at […]Continue Reading

Featured Latest News

Adidas Raises 2026 Profit Forecast After Record Quarter

Ut World October 21, 2026 0

German sportswear giant Adidas has raised its operating profit forecast for 2026 to €2.5 billion from its earlier estimate of €2.3 billion, following a better-than-expected third quarter. The company also benefited from around €200 million in US customs duty refunds, most of which it has now received. Adidas shares rose 2.6 per cent on the […]Continue Reading

Featured Latest News

Vinted Faces Surge in Suspected Looted Goods After French Riots

Ut World October 19, 2026 0

Vinted, the Lithuania-founded secondhand online marketplace, has reported an influx of listings suspected to contain looted goods following riots across France. The unrest, which escalated over the weekend amid protests over the cost of living, saw several stores reportedly targeted, including luxury fashion outlets. Videos circulating on social media appeared to show Continue Reading

Featured Latest News

23rd MBA Award & First International MBA Award Presented to Moshe Miller

Ut World October 19, 2026 0

Moshe Miller, CEO and Chairman of Shoval Engineering Group, has been conferred with both the 23rd Multibillionaire Business Achiever (MBA) Award and the First International MBA Award. The honors were jointly presented by distinguished senior Indian journalist, author, and TV commentator Mr. S. Venkat Narayanan alongside Dr. Ajit Ravi, Founder of FICF and Chairman of […]Continue Reading

Featured Latest News

EU Ban on Destroying Unsold Luxury Goods Exposes Industry Challenges

Ut World October 16, 2026 0

Luxury fashion brands are facing growing pressure over their handling of unsold inventory as the European Union introduces stricter sustainability regulations. High-end labels, including Gucci, Burberry and Brunello Cucinelli, have seen products offered at significant discounts on online platforms such as Yoox, highlighting weakening demand in the luxury market. Continue Reading