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PVH Reports 3% Sales Decline as Calvin Klein Slumps

Ut World September 3, 2026 0

PVH Corp. reported a 3% decline in second-quarter sales to $2.097 billion, with a sharp drop in Calvin Klein revenue weighing on the results. Calvin Klein sales fell 7%, partly due to the timing of wholesale shipments in the Americas, while Tommy Hilfiger sales remained steady. By region, Continue Reading

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Shein Valuation Drops 70% as Hong Kong IPO Targets $1.77 Billion

Ut World August 24, 2026 0

Online fast-fashion retailer Shein launched its long-awaited Hong Kong IPO on Monday, seeking to raise up to HK$13.86 billion ($1.77 billion) and valuing the company at about $27 billion at the top of its price range. The valuation is roughly 70% below its private-market peak of nearly $100 billion in 2022, highlighting growing investor concerns […]Continue Reading

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France Fines Boohoo €2.3 Million Over Misleading Discounts

Ut World August 20, 2026 0

France’s consumer watchdog has fined British fast-fashion retailer Boohoo €2.3 million ($2.69 million) for deceptive practices, including misleading discounts and improper product labelling. The Directorate-General for Competition, Consumer Affairs and Fraud Control (DGCCRF) said 40% of the promotions it examined were not genuine price reductions, while 7% offered smaller Continue Reading

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Lacoste Pays €9.9 Million to Settle French Tax Dispute

Ut World August 7, 2026 0

French fashion brand Lacoste has reportedly paid €9.9 million to the French Ministry of Finance following a tax reassessment, according to L’Informé. The dispute reportedly began four years ago and involved the group’s holding company, which oversees subsidiaries in France and international markets including Germany, Asia and the United States. The initial reassessment was Continue Reading

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Luxury’s Shift From Destruction to Sustainability

Ut World August 5, 2026 0

The conviction of four former Chanel employees in Hong Kong for attempting to steal hundreds of luxury bags and wallets destined for destruction has revived debate over one of the fashion industry’s most controversial practices. Between 2016 and 2017, the employees allegedly diverted more than 700 Chanel products worth millions of dollars before they were […]Continue Reading

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Ferretti Family Leads €115 Million Bid to Revive Aeffe

Ut World July 31, 2026 0

The Ferretti family, the current owner of Italian fashion group Aeffe, has announced a binding offer to relaunch the company following a meeting at Italy’s Ministry of Business and Made-in-Italy (MIMIT). The proposal has been submitted in partnership with Invitalia, investment fund Oxy, and a manufacturing partner from China. The deal, valued at approximately €115 Continue Reading

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Chanel Cooperates with Italian Probe into Supply Chain Labour Practices

Ut World July 17, 2026 0

French luxury fashion house Chanel said it is fully cooperating with Italian authorities in an investigation into alleged labour exploitation involving subcontractors in the luxury goods supply chain. The company confirmed it had already moved to sever ties with the subcontractor in question after receiving an alert on May 18, directing its packaging supplier to […]Continue Reading

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Tombolini Expands Global Presence as International Growth Drives Business

Ut World June 25, 2026 0

Italian menswear brand Tombolini is accelerating its global expansion after recording a 20% year-over-year increase in business, with international markets now contributing nearly 70% of its total revenue. The company has recently opened seven standalone stores and is preparing new retail locations in Uzbekistan, Poland, and Dubai, further strengthening its presence in key Continue Reading

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Superdry Secures Stan Ray Distribution Rights Across UK and Europe

Ut World June 23, 2026 0

British fashion brand Superdry has acquired the exclusive distribution rights for American heritage workwear label Stan Ray across the UK and Europe, with plans to launch the brand from the spring/summer 2027 season. The agreement covers menswear, womenswear and kidswear, marking another step in Superdry’s strategy to expand its portfolio of complementary fashion brands. Continue Reading

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Adidas Tops Fashion Sector in Global Sustainability Ranking

Ut World June 19, 2026 0

Adidas has emerged as the highest-ranked fashion and sportswear brand in the inaugural Sustainability Consumer-led Brand Ranking released by Kantar in June 2026, securing third place overall among more than 2,160 brands assessed worldwide. The German sportswear giant was joined in the global top 20 by The North Face, Veja, Nike and Dove, while eco-friendly […]Continue Reading