Drapers Fashion retail industry news, trends and analysis
Castore revenue rises as losses widen
Castore has reported a 30% rise in revenue year on year to £334.6m for the 18 months to 3 August 2025, as the Manchester-based sportswear expanded its portfolio with the acquisition of Belstaff.
Brands
Zegna Group revenues climb
Ermenegildo Zegna Group (Zegna Group), has reported a 2.5% year-on-year rise in revenue to €470.2m (£405.4m) during the first quarter of 2026.
Prada hails ‘positive’ quarter despite weakened demand at Miu Miu
Prada Group has posted "positive" results in the first quarter ended 31 March 2026, as demand for Miu Miu slows and the Middle East conflict drags on sales.
Profits climb at Puma as turnaround strategy prevails
Operating profit at Puma was up 19.6% year on year to €51.9m (£44.9m) in 12 weeks 30 April 2026, despite a 1% dip in sales to €1.86bn (£1.61bn) on an adjusted currency basis.
Shein cancels branded supplier orders
Shein has cancelled outstanding spring/summer 26 and autumn/winter 26 orders with branded suppliers worth up to "millions of pounds", Drapers understands.
Profits inch up at Armani Group despite sales slip
Operating profit at Armani Group improved 2% year on year to €52.6m (£45.6m) in 2025, in the luxury business' first full-year results since the death of founder Giorgio Armani in September.
The Very Group makes interim CFO permanent
The Very Group, which owns retailers Very and Littlewoods, has made interim CFO Edward Fry permanent with immediate effect.
Adidas profits surge despite ‘volatile’ trading environment
German sportswear giant Adidas has hailed a strong first quarter amid a "very volatile" retail market as operating profit for the first quarter of the year surged 16% to €705m (£611m).
First Look: Mulberry’s new collection celebrates tradition and transparency
Mulberry has launched a new capsule for its 55th anniversary, aiming to show how transparent leather supply chains can positively impact people and planet through regenerative farming and localised sourcing.
Ganni CEO exits
Ganni chief executive Laura du Rusquec has stepped down after two years at the helm of the Danish fashion brand, with former Tom Dixon CEO Hans Hoegstedt taking over as interim CEO.
Vinted hits €8bn valuation after share sale
Vinted has completed a secondary share transaction of €880m (£761.9m), valuing the second-hand fashion online marketplace at €8bn (£6.9bn).
First look: Perry Ellis Europe opens new London HQ
Perry Ellis Europe has opened a new central London headquarters, located at 60 Charlotte Street, bringing its teams together under one roof as it looks to drive collaboration across its brand portfolio.