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Hugo Boss Q2 2025: Sales down, profit up on cost cuts

The German fashion group Hugo Boss AG saw a slight decline in sales in the second quarter of the 2025 financial year. However, profits rose significantly due to cost reductions. Overall, the company exceeded market expectations with the results presented on Tuesday. Group sales amounted to one billion euros in the months from April to June. This...

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India-UK FTA: Balancing trade dynamics amid US tariff concerns

The highly anticipated Free Trade Agreement (FTA) between the UK and India has been officially signed, promising to significantly reshape the trade landscape for both nations. The agreement, signed in the presence of Indian Prime Minister Narendra Modi and his British counterpart Keir Starmer, is expected to increase annual trade by 34.53...

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UK retailers to “actively diversify” beyond the US due to tariff uncertainty

The US is historically the UK’s largest non-European Union retail market, but with the ongoing uncertainty surrounding tariffs imposed by President Trump’s administration, 76 percent of UK exporters are now actively looking to diversify beyond the US market. New research from ESW, which delivers international ecommerce solutions, and research...

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The 'Prato system': corruption and illegal labour at the heart of the Italian textile industry

The fatal shooting of Zhang Dayong in Rome, who was found with six bullet wounds, initially seemed unconnected to Prato, Italy's textile hub. However, investigators now believe the murder is part of a brutal "hanger war" between rival Chinese mafia groups for control of Europe's largest garment manufacturing centre. This criminal escalation is...

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