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Belgium’s Van de Velde posts H1 revenue growth on D2C strength

Belgian lingerie group Van de Velde reported H1 2026 comparable revenue of €116.6 million (~$136.07 million), up 4.0 per cent YoY. Reported revenue rose 5.2 per cent to €115.7 million (~$135.02 million), while net profit increased to €16.1 million (~$18.79 million). D2C revenue surged 15.2 per cent to €34.2 million (~$39.91 million), supported by product […]

Skechers is now the second-largest footwear brand in US

Skechers is now the second-largest footwear brand by units sold in the US, driven by affordable comfort, work, kids’ and performance styles. The gain raises competition across US casual, fashion and sport footwear ranges, supported by comfort technologies and athlete-led visibility. The brand sells through 700-plus US stores, its web shop and retail partners, relevant […]

US’ Somnigroup completes $2.3 bn Leggett & Platt combination

Somnigroup has completed its all-stock combination with Leggett & Platt, valued at $2.3 billion including debt. The merged bedding and engineered components group operates over 170 plants in 37 countries, backed by more than 36,000 staff. The deal deepens Somnigroup’s vertical integration, secures a critical supply-chain element and lifts annual run-rate synergy expectations to $75 […]

US’ Somnigroup announces new president of Leggett & Platt

Somnigroup International has appointed Tyson Hagale as President of Leggett & Platt, effective immediately, with oversight responsibility for the entire company. Hagale, a 25-year veteran of Leggett & Platt and former Bedding Products segment president, will report to CEO Karl Glassman. Hagale is recognised for his leadership in restructuring and industry expertise.

China’s 19% Japan apparel decline could open India a $31bn market

India ships garments to Japan duty-free since 2011, but still accounts for under 2 per cent of the market. Japan’s apparel imports from China fell for four straight years to $11.23 billion in 2024, over 19 per cent below 2021. China’s share falls below half in 2025 as Vietnam and Bangladesh gain from China-plus-one sourcing […]

Artist Yayoi Kusama Has Died at 97

The renowned Japanese avant-gardist died on Wednesday at a hospital in Tokyo from multiple organ failure, according to her US gallery, David Zwirner. She was 97.