Blog

Ralph Lauren Gets $82m Back in Tariff Refunds as Its Average Price Rises 9%
Ralph Lauren booked $82.3m in refunded US tariffs in its second fiscal quarter, gave $33.2m to charity and raised its outlook, while the average price shoppers paid rose 9%. Why... Read more...
Coach Sales Jump 16% as Handbag Prices Rise and Kate Spade Falls 10%
Tapestry’s Coach grew sales 16% to $1.66bn in its first fiscal quarter as handbag prices rose at a double-digit rate and unit sales barely moved. Kate Spade fell 10%. What... Read more...
ThredUp Wins a Record 1.82m Buyers but Forecasts a Holiday Revenue Dip
ThredUp reported third-quarter revenue of $88.2m, up 7%, as active buyers rose 16% to a record 1.82 million and orders grew 17%. Its net loss widened to $5.5m and it... Read more...
Coperni, the Paris Label Behind the Swipe Bag, Is Liquidated After 13 Years
Coperni, the Paris label founded in 2013 by Arnaud Vaillant and Sébastien Meyer, is ceasing operations after five months in receivership. The company says its cash crisis came from sums... Read more...
Lee Jeans Sold to Authentic in Up-to-$1bn Deal, Now Made Under Four Licences
Authentic Brands Group has completed its purchase of Lee from Kontoor Brands in a deal worth up to $1bn, and named four regional licensees to make and sell the 1889... Read more...
Primark Profit Falls 12% as Price Cuts Squeeze Its Margin to 10.2%
Primark’s adjusted operating profit fell 12% to £1.01bn in the year to 12 September, as permanent price cuts on staples squeezed its margin to 10.2%. Sales rose only because of... Read more...
Bangladesh Forms a New Garment Wage Board After Protests Halt 529 Factories
Bangladesh formed a new minimum wage board for garment workers on 1 November after protests disrupted 529 factories and nearly a million workers. The minimum is Tk12,500 a month; production... Read more...
Joseph Owner Explores Sale as Modella Capital Weighs a Bid; Sales at £45m
Modella Capital, the investor behind TG Jones and former owner of Claire’s UK, is reportedly considering a bid for Joseph, the London label owned by Onward Kashiyama. Joseph’s sales fell... Read more...
BHV Marais Enters Receivership in Paris After Its Shein Bet, 700 Jobs at Stake
A Paris court placed the BHV Marais department store into receivership on 2 November. Sales fell from €274m to €170m in 2025, brands including Dior left after it hosted Shein,... Read more...
US Clothing Tariffs: Why $1 of Duty Can Add $2.50 to the Price Tag
Since 24 July, clothing imported into the US has paid its ordinary duty plus a Section 301 tariff of 10% or 12.5%, depending on origin. How that duty is multiplied... Read more...
EU Green Claims Ban: What ‘Eco-Friendly’ Means on Clothing Labels Now
Since 27 September 2026, EU law bans generic green claims such as “eco-friendly” on clothing unless backed by recognised top environmental performance, along with home-made sustainability badges and offset-based “carbon... Read more...
What Happens to a Fashion Brand After a Luxury Group Sells It?
When a luxury group sells a label, the buyer is usually a rival group, a brand-management company that licenses the name, or a founder or specialist. How Versace, Marc Jacobs... Read more...
Jimmy Choo Sales Rise 11.5% as Michael Kors Cuts Its Discount Days by Half
Capri Holdings said Jimmy Choo sales rose 11.5% to $146m in the quarter to 26 September while Michael Kors fell 8.6% to $663m, as Capri cut markdowns, raised some prices... Read more...
The RealReal Posts a Record $642m Quarter as LuisaViaRoma Goes to Auction
The RealReal reported record gross merchandise value of $642m for the third quarter and raised its full-year outlook. The same week, a Florence court put LuisaViaRoma’s business up for auction... Read more...
Hugo Boss Reverses Its Pakistan Accord Exit, Rejoining the Factory Safety Pact
Hugo Boss will rejoin the Pakistan Accord, the legally binding factory safety agreement with global unions, from January 2027. The German group had declined to renew earlier this year, prompting... Read more...
eBay Revenue Rises 14% as Secondhand Becomes a Monthly Habit for 47% of Shoppers
eBay grew third-quarter revenue 14% to $3.2bn, and its own survey found 47% of shoppers now buy secondhand at least monthly. But excluding Depop and Tise, its active buyers grew... Read more...
Troubadour, the London Bag Brand, Raises £3.2m to Grow in the US and Europe
Troubadour, the London maker of work and travel bags, has raised £3.2m in a round led by Harlo Equity Partners to expand in North America and Europe, launch a first... Read more...
UK Budget Makes Amazon, Shein and Temu Collect VAT for Sellers Above £90,000
Chancellor John Healey’s Budget on 28 October makes online marketplaces including Amazon, eBay, Shein and Temu responsible for collecting VAT from UK business sellers above £90,000 from October 2027, and... Read more...
Etsy Returns to Buyer Growth as Revenue Rises 10.9% — and Ads Take a Bigger Cut
Etsy reported third-quarter revenue of $692.5 million on 28 October, up 10.9%, as active buyers grew for the first time in two years after the sale of Depop. The company... Read more...
EU €2 Parcel Fee From 1 November: What It Means for Temu and AliExpress Orders
The EU’s €2 handling fee applies from 1 November to every item line in parcels shipped to shoppers from outside the bloc, on top of the €3 duty in place... Read more...
Marc Jacobs Signs First Licence Since LVMH Sale, Handing China to I.T Group
Hong Kong retailer I.T Group has taken over Marc Jacobs in Greater China under a long-term licence, the first since WHP Global and G-III bought the label from LVMH. Marc... Read more...
Burberry Turns Regent Street Flagship Into Burberry House, With Trench Repairs
Burberry will restore its London flagship at 121 Regent Street in phases and reopen it as Burberry House in autumn 2027, with a Trench Arcade offering coat restoration, an archive... Read more...
Shein Agrees to Pay $100m to Settle US FTC Probe Over Delivery Complaints
Shein will pay $100 million to settle a US Federal Trade Commission probe into delivery delays and customer complaints, Reuters reported. What the figure means, why it lands at a... Read more...
Why Is Gucci Struggling? Kering’s Third-Quarter Numbers Explained
Gucci’s comparable sales fell 6% to €1.29 billion in the third quarter and Kering dropped its 2026 growth goal. What is going wrong, what GucciCore is, whether prices are falling,... Read more...
Vinted and Rivals Agree Four Steps to Block Looted Goods After French Riots
Vinted, Amazon, eBay, Leboncoin, Meta and TikTok agreed four measures with French ministers on 19 October to stop goods looted in the 17 October riots being resold online, including tighter... Read more...
Quince Launches in the UK With £50 Cashmere. Here’s How to Test It
Quince, the San Francisco retailer valued at $10.1 billion, launched its UK website on 19 October with Mongolian cashmere jumpers from £50, silk blouses at £55 and leather bags from... Read more...
Mulberry Sales Rise 18% at Full Price as the Luxury Giants Shrink
Mulberry’s sales rose 18.1% in the 26 weeks to 26 September, with US sales up 28% and growth in every region, while promotional sales fell by 300 basis points. Full... Read more...
Alexander McQueen Parts With Seán McGirr After Three Years as Kering Exits Mount
Seán McGirr is leaving Alexander McQueen after three years, Kering confirmed on 15 October, the same day Calvin Klein confirmed Veronica Leoni’s exit and six days after Anthony Vaccarello left... Read more...
Moschino Owner Aeffe Seeks Wage Support for 389 Workers as €115m Sale Nears
Aeffe, the Italian group behind Moschino, Alberta Ferretti and Pollini, has requested extraordinary wage support for 389 employees after filing for a court-approved restructuring in Bologna. A €115 million rescue... Read more...
A Mid-Market Retailer Is Compounding While Luxury Stalls — the Counter-Evidence This Argument Has to Answer Honestly
A mid-market British retailer raised guidance for the second time this year while luxury houses reported break-even margins and guidance cuts. Any thesis that cannot accommodate that is a slogan.... Read more...
A Shrinking Company Bets on a Celebrity Sub-Line While an Independent Marks Twenty Years — Borrowed Attention Against Earned Position
A design chief was named for a celebrity sub-line at a company whose sales fell 10% last quarter, while an independent designer marked twenty years and observed that creativity without... Read more...
A Small Brand Targeted Four Times Its Size in Three Years and Is Now in Liquidation — How to Tell One That Will Survive From One That Will Not
A Spanish menswear brand with roughly €4.5m of turnover set a €17m target and has entered liquidation. It did not fail because it was small; it failed trying to stop... Read more...
A Succession Appointment and a Boot Brand Sold to a Specialist — Why Who Owns a Label Decides Whether It Is Made Well or Merely Marketed
A succession appointment at the holding company above the world's largest luxury group, and the sale of a technical boot brand back to a ninety-year-old specialist manufacturer. Neither is about... Read more...
A Marketplace Beat on Revenue, Raised Its Guidance and Cut Twelve Percent of Its Staff — What That Gap Means If You Buy From Independent Makers
Etsy beat on revenue, raised its growth guidance and cut roughly 220 jobs — 12% of staff, mostly product and engineering — on the same day. The gap between those... Read more...
Two Brands Under One Roof Moved in Opposite Directions in the Same Quarter — the Cleanest Evidence Yet That Specific Beats Broad
Inside one holding company in a single quarter, Jimmy Choo grew 9.3% while Michael Kors fell 7.6% — same owner, same macro, opposite directions. Ralph Lauren, meanwhile, grew 14% on... Read more...
Profit Up, Revenue Down, and an Archive Partnership — What It Looks Like When a Brand Maintains a Reputation Instead of Spending It Down
A British heritage brand reported pre-tax profit up 5% on revenue down 1.61%, and announced a research partnership with a menswear archive. Together those describe something rare: a company content... Read more...
A Bid for the Buildings and a Platform Measuring Throughput — Nobody in Modern Retail Is Paid to Judge Whether Clothes Are Any Good
A private firm bid $934m for 117 former department store properties, roughly $8m a site, while an online platform reported gross merchandise value up 20.7%. One is real estate, the... Read more...
One Country Wants Its Textile Industry Back and Another Has Outgrown Its Reputation — How the Way Clothes Are Bought Decides How They Are Made
Two manufacturing stories from opposite ends of the supply chain describe one broken relationship. Britain is being urged to use public procurement to rebuild a textile base it lost; Bangladesh... Read more...
A Fair-Fashion Pioneer Changed Hands and a Fast-Fashion Giant Funded Fibre Research — Only One of These Can Be Checked, and That Is the Whole Lesson
In one week, a German fair-fashion pioneer passed to a new owner and a fast-fashion giant funded university research into turning brewery waste into textile fibres. One story is about... Read more...
The Market Has Cut Its Price for Ultra-Fast Fashion by Two Thirds in Under Four Years — and a Valuation Is a Better Argument Than Any Editorial
Shein is reportedly targeting $30–40bn for a Hong Kong listing, against a private valuation of $98.2bn in 2022 — a markdown of roughly two thirds in under four years. The... Read more...
A Scarcity Designer and a High Street Chain Are Rising in the Same Index — the Barbell Market Is Real, and the Middle Is Where It Breaks
In a single quarterly demand index, Phoebe Philo and Celine surged while the high-street brand Massimo Dutti entered the top ten. Craft-led scarcity and honest accessibility are rising together, and... Read more...
A Luxury House Put Seven Hundred Million Into Making Things Instead of Raising Prices — and the Capital Expenditure Line Is the Most Honest Number in Fashion
Buried in a set of full-year luxury results is one of the most revealing numbers in fashion: roughly $700m of capital expenditure directed into manufacturing capacity, alongside fashion price increases... Read more...
Ferragamo Is Profitable Again by Three Tenths of One Percent — What a Break-Even Heritage House Reveals About the End of Mid-Luxury Pricing Power
Ferragamo returned to profit in the first half, but only just: €1.5m of net profit on €468m of revenue, a margin of roughly three tenths of one percent. The recovery... Read more...
Hugo Boss Has Lost a Tenth of Its Quarter and Control of Its Own Future — What Happens to a Brand When a Volume Operator Takes the Wheel
Hugo Boss reported second-quarter sales down 10% and operating profit down 28%, with its home region falling 14% — all while a discount-retail conglomerate's takeover offer went unconditional. It is... Read more...
LVMH Has Sold Patou Back to the Man Who Built It — and the Accounting Explains Exactly Why Scale Could Not Make a Small House Work
LVMH has sold the Paris house Patou back to Dilesh Mehta, the businessman who owned it before bringing the group in as a partner in 2018. Eight years, €23.9m of... Read more...
Outspent From Above, Undercut From Below — Why the Mid-Sized Heritage House Is the Hardest Position in Luxury, and Why Craft Alone Is Not a Strategy
The mid-sized heritage house, built on a century of authentic craft but lacking conglomerate scale, occupies one of the hardest positions in fashion: outspent from above, undercut from below, and... Read more...
When a Magazine Calls a Brand Luxury, Read the Page Instead
Not long ago, Vogue ran a sponsored Alo story that looked exactly like editorial. Underneath the prose sat a sophisticated marketing machine — and what the brand really rented was... Read more...
French Favourite or Made in France — What a Nationality on the Label Actually Promises, and Five Checks Before You Pay the Heritage Premium
A label that calls a brand a French fashion favourite sells a feeling, Parisian taste, effortless elegance, while making no verifiable promise about where the garment was actually made. National-origin... Read more...
A Value Fashion Chain Has Quietly Closed Two Hundred and Forty-Six Stores Since the Pandemic — and the Real Lesson Is That Undifferentiated Scale Has Nowhere Left to Hide
The Cato Corporation, a value-priced women's fashion chain, has quietly closed 246 stores since 2022 and plans more in 2026 — even as value-seeking has become the dominant consumer behaviour.... Read more...
Korean Independent Labels Are Reaching China Through One-Hour Livestreams Instead of Stores — And the Capital-Light Playbook Is a Structural Advantage Scale Cannot Copy
Korean independent labels such as Mardi Mercredi and Matin Kim are reaching Chinese consumers through one-hour livestreams on platforms like Xiaohongshu and TikTok Shop, testing demand before committing to costly... Read more...