
David Jones Secures Emergency Cash from Hilco Global After Debt Breach
A $250 million network overhaul has failed to halt questions over supplier payments as brands exit.
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A $250 million network overhaul has failed to halt questions over supplier payments as brands exit.

Sales drops reaching 20 per cent across major fashion houses in mainland China trigger sharp equity losses and pressure retail operations across Asia.

Flat Asia-Pacific sales and weaker footfall in mainland China offset gains elsewhere as group revenue reached €1.49 billion.

Total group revenue increased 18 percent during the 26 weeks to September 26 while promotional sales dropped 300 basis points.

Fiscal 2025 net profit reached USD 7.2 billion as founder Amancio Ortega retains a 59 percent controlling stake.

Mainland sales for the 25 largest luxury labels also tumbled across August and September, with executives fearing weakness could linger until 2027.

The opening marks the US outdoor clothing brand’s second store in Greater China following an initial launch at Sogo Hong Kong.

Singapore private equity firm Affirma Capital backed Blue Elephant with a 100 billion won investment even after prosecutors indicted its founder over 51 copied frame designs.

The luxury alpine label expands into menswear on its tenth anniversary, rolling out 21 styles priced up to $1,980 across selected boutiques in Japan, Europe and the US.

Speakers from Sourcemap and Verité warned apparel brands of rising seizure risks under United States and European labor regulations.

Richemont remains roughly flat as major luxury companies report lower sales across a three-year downturn following the post-pandemic boom.

Currency shifts diverting spending to Japan and weak domestic consumer confidence curb demand for high-end apparel and leather goods across mainland boutiques.

Total group revenue rose 1 percent to 18.5 billion euros, missing analyst forecasts as Chinese luxury spending deteriorated.

The 16,400-store chain partnered with creators Nigo, Masamichi Katayama and Hiromichi Ochiai to overhaul the Japanese konbini format with exclusive apparel and a rooftop garden.

A survey of 13,026 consumers found synthetic petroleum-based materials still account for nearly 70 percent of global textile fiber production.

Upcycling used truck tarpaulins costs the Swiss accessory maker three times more than purchasing virgin raw materials.
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