Business

LuxExperience to sell The Outnet assets in 30 million dollar deal

LuxExperience – the luxury group formed following Mytheresa’s acquisition of Yoox Net-a-Porter (YOOX) – has announced that it has entered into an agreement with The O Group LLC to sell the set of assets that power multibrand platform The Outnet. The deal, to be made for a cash consideration of 30 million dollars, includes the relevant brand...

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Shoe circularity gets trial run: Footwear Collective pilots circular systems amid EPR push

While fashion’s recycling systems are steadily advancing, footwear remains one of the industry’s toughest circularity challenges. It is this challenge, however, that The Footwear Collective is looking to tackle head-on through a series of shoe-dedicated programmes that intend to address the lack of infrastructure readily available to this...

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How can brands and retailers navigate EU textile and garment regulations?

In the European Union, a person consumes on average 19 kilograms of textiles per year according to the European Environment Agency (EEA). Of those, 8 kilograms are clothing, 7 kilograms are household textiles and 4 kilograms are shoes. “Nineteen kilograms basically compare to what can fit in a large travel suitcase,” compared EEA expert on...

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Crocs reports Q3 revenue and profit decline

US footwear group Crocs Inc. reported a significant decline in revenue in the third quarter of the 2025 financial year. Profit also fell significantly short of the previous year's level. However, the latest results, which the company presented on Thursday, exceeded analysts' expectations. In the months from July to September, group revenue...

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