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Esprit reports 75% sales drop, shifts focus to licensing

Translated by Nazia BIBI KEENOO Published August 29, 2025 Esprit is now operating primarily as a licensor. Still, management hopes its licensing business will begin generating stronger revenue going forward. Without that growth, the insolvent holding company—under which the brand’s wholesale and e-commerce operations in Europe, Hong Kong, and North America are grouped—may continue to […]

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Rains co-founder Daniel Brix Hesselager takes over as CEO

Translated by Nicola Mira Published August 29, 2025 In a post on his LinkedIn account, Steen Borgholm has announced he is stepping down from the role of CEO at Danish rainwear specialist Rains. “No drama, simply a matter of priorities,” wrote Borgholm, thanking the staff at Rains, of which he has been in charge for

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Paris to host the Sustainable Leather Forum on September 8

Translated by Nazia BIBI KEENOO Published August 29, 2025 The leather industry’s annual Sustainable Leather Forum will take place on September 8 at the Maison de la Chimie in Paris. Organized by Alliance France Cuir, this seventh edition will focus on water as its central theme, guiding the day’s discussions and conferences. Sustainable Leather Forum

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US-EU deal, Asian tariffs and digital threats: a turbulent summer in customs

Translated by Nazia BIBI KEENOO Published August 29, 2025 The year 2025 is shaping up to be a turning point in global trade, as the United States escalates a customs battle with nations where it runs large deficits. FashionNetwork.com reviews the key agreements and declarations of the summer that could reshape sourcing strategies in textiles,

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Asda still struggling but George shines, plans 10 more fashion and home standalones next year

Published August 29, 2025 Supermarkets giant Asda continues to struggle but its George clothing and homewares brand remains a beacon with sales rising in Q2. George at Asda The company’s overall quarterly results showed total revenue excluding fuel falling 0.2% to £5.3 billion with its major supermarkets the main issue as the convenience stores chain,

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Levis Strauss UK stays strong as it boosts female-focused marketing

Published August 29, 2025 Levi Strauss UK has filed its accounts for the year to the end of November 2024 and they show turnover and profit rising. Beyoncé for Levi Strauss – Levi Strauss Of course, first of all we have to issue a caveat – the individual company results for a giant multinational organisation

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Castore acquires Belstaff from Ineos, which takes stake in the sportswear brand

Translated by Nazia BIBI KEENOO Published August 28, 2025 Castore, the British sportswear company founded in 2015 by brothers Tom and Phil Beahon, announced on August 28 that it has acquired Belstaff, the high-end heritage outerwear label. Financial details of the deal, completed on a debt-free, cash-free basis, weren’t disclosed — but it includes a

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Dick’s Sporting Goods lifts outlook as Foot Locker deal approaches

By Bloomberg Published August 28, 2025 Dick’s Sporting Goods Inc. raised its full-year outlook, a signal of resilient consumer demand as the retailer prepares to acquire sneaker chain Foot Locker Inc. Dick’s raises profit outlook and prepares $2.4 billion Foot Locker deal – Bloomberg The company now projects comparable sales growth of between 2% and

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