Business

Global luxury “stays resilient” despite economic uncertainties and consumer shifts

Global luxury markets proved resilient into 2025, as consumers worldwide spending reached 1.44 trillion euros, to stand broadly flat compared with last year, with the luxury sector expected to improve in 2026, according to management consulting firm Bain & Company, in partnership with Altagamma, the Italian luxury goods manufacturers’ industry...

loading...

Member
BusinessMember

US company Alpha Modus sues Inditex for patent infringement

Madrid – US-based Alpha Modus, a company specialising in the development of technological solutions for retail, has filed a lawsuit against Spanish fashion multinational Inditex for patent infringement. Alpha Modus argues that the owner of chains such as Zara, Massimo Dutti and Bershka has violated its intellectual and industrial property. This...

loading...

BusinessMember

Dr. Martens reports improved profitability in first half as new strategy gains traction

Dr. Martens plc reported first-half results for the 26 weeks ended 28 September 2025, highlighting early progress under its new consumer-first growth strategy and a marked improvement in profitability despite broadly flat revenues. Group revenue edged down 0.8 percent to 322 million pounds, or up 0.8 percent on a constant-currency basis, as the...

loading...

Retail

A look inside Galeries Lafayette's first department store in India

The opening of this first Galeries Lafayette in India, developed as a franchise with Aditya Birla Fashion & Retail (ABFRL), a subsidiary of the global conglomerate Aditya Birla Group, was announced in October 2025. It is part of the Galeries Lafayette group's desire to establish itself as a leading destination to promote the French 'Art de...

loading...