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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 Continue Reading

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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

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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

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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

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Montirex Revenue Surges 79% as It Launches Ilia Topuria Collaboration

Ut World October 12, 2026 0

Sportswear brand Montirex has reported strong financial results for 2025, alongside the launch of a new performance apparel collaboration with UFC champion Ilia Topuria. The four-piece Ilia Topuria x Montirex capsule collection features a jacket, T-shirt, pants and shorts designed to combine technical functionality with contemporary styling. Available in off-white, Continue Reading

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Le Silla Reports €25 Million Turnover, Targets US and Emerging Markets

Ut World September 30, 2026 0

Italian luxury footwear and handbag brand Le Silla is expanding its global presence after recording group turnover of around €25 million in 2025, up approximately €5 million from the previous year. The Porto Sant’Elpidio-based company unveiled a new contemporary retail concept during Milan Fashion Week at its Via Sant’Andrea store, featuring materials such as steel […]Continue Reading

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Tendam Reports Record First-Half Sales of €744.9 Million

Ut World September 14, 2026 0

Spanish textile conglomerate Tendam reported record first-half results, with sales rising 10.7% year-on-year to €744.9 million between March and August 2026. Like-for-like sales increased 7.6%, while digital revenue surged 20.7%, supporting the group’s strongest first-half performance in its history. Net profit climbed 27.9% to €59.3 million, while EBITDA increased 12.2% Continue Reading

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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, revenue declined 6% in EMEA amid weak […]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