Fashion
Adidas sees improving UK performance as sales jump in double-digits
Published
October 1, 2025
Adidas UK has filed its accounts for 2024 and they show a marked improvement compared to the 2023 results.
The company’s sales increased by 14% to £1.283 billion. As well as being an improvement on 2023 it also reversed the declining trend scene in that year when sales had fallen by 9%.
The rise this time consisted of a wholesale increase of £144.7 million as well as an increase of £5.766 million in its own retail stores and £7.27 million via its online channel.
Gross profit increased to £269.7 million from £217 million and operating profit rose to £50.373 million from £36.25 million. Profit before tax was up to £45.858 million from £30.859 million, despite the company paying more tax this year. Its final profit for the financial year was £33.458 million, up from £21.994 million.
The gross profit margin also improved to 21% from 19% and the operating profit margin was 4% compared to 3% a year earlier.
But the company said that for 2025, it continued to expect macro economic challenges and geopolitical tensions to persist. That said, its 2025 outlook was positive driven by a strong brand momentum with high consumer demand for its products.
The company’s UK-specific results for 2025 won’t be available for another year, although globally it has been reporting higher sales and profits for this year, despite a very challenging backdrop.
Copyright © 2025 FashionNetwork.com All rights reserved.
Fashion
Louis Vuitton marks 10 years of Unicef partnership with limited-edition Silver Lockit
Published
January 13, 2026
Louis Vuitton is marking the tenth anniversary of its partnership with Unicef with the launch of a limited gold edition of the Silver Lockit pendant.
Produced in a highly limited series, the exclusive unisex design is crafted, for the first time, in yellow gold. For each gold pendant sold, Louis Vuitton will donate $800 to Unicef, strengthening the impact of its collaboration in support of children.
The anniversary celebrations will continue throughout 2026, with additional pieces from the Silver Lockit collection set to launch in April, alongside further activations linked to the partnership.
The French luxury house first introduced the Silver Lockit collection, inspired by the padlock of the 1901 Louis Vuitton Steamer bag, as part of its partnership with Unicef, solidified on January 12, 2016. The design reflects shared values of trust, protection and transmission that underpin both Louis Vuitton’s heritage and Unicef’s mission.
Since its debut, the Silver Lockit collection has been reinterpreted annually as a fundraising and awareness initiative. Over the past decade, the partnership has generated more than $28 million for Unicef, contributing to programmes that support children in vulnerable situations worldwide.
Copyright © 2026 FashionNetwork.com All rights reserved.
Fashion
Underwear and lingerie producer Trucco Tessile buys rights to Italian homewear brand Happy People
Translated by
Nicola Mira
Published
January 13, 2026
Major developments are on the cards in 2026 for Trucco Tessile, the Cuneo-based Italian producer of pyjamas, underwear and loungewear. Trucco Tessile has bought, for an undisclosed amount, Italian homewear brand Happy People, renowned for its cheerful, insouciant, creative and colourful style. “The acquisition marks a new chapter in the history of [Trucco Tessile], as the group aims to continue to grow and innovate while abiding by its values of quality, creativity and care for people,” said Agostino Trucco, CEO of Trucco Tessile since January 1, speaking to FashionNetwork.com.
Happy People was created with the goal of fostering joy and good cheer, and is well-known for its family-oriented collections and its distinctive depictions of two characters, a wolf and a sheep, that have become symbols of affection, close familiarity and good humour. “Happy People is much more than a brand, it’s a way of looking at life with joy,” said Trucco. “Welcoming [Happy People] into our family means believing in the value of emotions, in the power of a smile, and in the strength of stories that unite people. It’s a development that looks to the future with confidence, and goes hand in hand with our desire to keep innovating without losing our sense of humanity,” he added.
“[Happy People] is a label that has made history in its segment, so it cropped up on our radar. Let me underline that the company wasn’t going through a rough patch, business was buoyant, the owners simply decided to sell,” said Trucco. “As a result, we’re dealing with a brand (since we bought just the brand name – and only the rights relating to the apparel, pyjamas and underwear categories – we didn’t buy the company that produces Happy People) that is sound and well-established. It has an extremely strong identity, and is an interesting complement to our portfolio,” he added.
Trucco Tessile’s new acquisition is vertically integrated and has a strong product focus, complementing the Cuneo group’s nightwear know-how. The group’s portfolio also includes Julipet, a high-end men’s underwear brand, Boglietti, a women’s lingerie brand whose positioning was recently elevated from the market’s mid-range to the premium segment, and Alpina, a mid-range women’s and men’s underwear brand. “Style-wise, Happy People is entirely different from Boglietti, which targets elegant, understated and sophisticated women. Happy People’s brand narrative is fun, amusing and family-friendly,” said Trucco. “Besides, Happy People is a concept that goes beyond a mere product, pyjamas, and tells a love story – a strictly platonic one – between a wolf and a sheep.”

Happy People’s household linen range remains instead, as before, the property of Italian Textile Company, based in Ferno, near Varese. Trucco Tessile is planning to expand Happy People’s retail footprint both in Italy and abroad through the wholesale and e-tail channels. The brand is currently distributed via some 400 stores in Italy, Belgium, Spain, Germany and Greece.
In 2024, Trucco Tessile generated a revenue of €9 million, with e-tail sales growing and accounting for 10% of the total. “Through the new three-year business plan I have drawn up,” said Trucco, “we’ll try to align our three channels, i.e. e-commerce, the DTC channel consisting of our physical stores (we have a dozen) and the wholesale business, to become as much as possible an omni-channel company.”
As for Trucco Tessile’s other brands, Boglietti has developed a range that utilises natural fabrics like cotton, cotton-linen and cotton-bamboo blends, characterised by an “elegant, pared-down style consistent with the brand identity strategy we have implemented for the underwear and nightwear lines,” said Trucco.

Julipet’s new nightwear is an ode to colour: “we’re well aware that blue is the colour of the night and of Julipet, and is synonymous with elegance, but we’re bringing alternatives to the market. Our watchwords this year are colour, colour, colour. The same goes for [Julipet] swimwear, and of course there’s a whole range of Julipet apparel, chiefly travelwear, featuring ultra-resistant, breathable, fresh and lightweight high-tech fabrics. Our new Oxford line, with a dozen SKUs, is absolutely innovative. It’s a highly streamlined range in a wide variety of colours, whose key feature is the use of high-tech fabrics with specific functions. The garments are comfortable, extremely functional, and highly suitable for people who travel a lot,” said Trucco.
Alpina, which operates a handful of monobrand stores in Piedmont and is designed for everyday use, has functionality as its key feature. The brand’s hero products are its signature pyjamas, but Trucco Tessile is working to expand Alpina’s assortment to include sportswear, starting from the Fall/Winter 2026-27 season.
Copyright © 2026 FashionNetwork.com All rights reserved.
Fashion
Brunello Cucinelli full-year revenues up 11.5% driven by solid US and Asia sales
By
Reuters
Published
January 12, 2026
Revenues at Italian luxury group Brunello Cucinelli rose 11.5% at constant exchange rates last year, in line with its most recent guidance, boosted by solid growth across all regions, and particularly in the Americas and in Asia.
The cashmere brand, the first in the luxury sector to report 2025 preliminary sales, said on Monday its revenues rose to 1.41 billion euros ($1.65 billion) last year and reaffirmed that revenues would increase by 10% in 2026.
The company, which stands out in a luxury sector hit by slowing demand thanks to its focus on wealthier consumers, reported a 11.9% increase in turnover in the fourth quarter alone. Both the retail and wholesale channels contributed to the sales growth, though the latter at a more moderate pace.
In December, Cucinelli, whose cashmere jumpers can cost several thousand euros, raised its revenue growth forecast for 2025 to between 11% and 12% at constant exchange rates. The business has also recently confirmed its strong emphasis on the wholesale channel, seeing it as a good sales driver despite the challenging retail landscape.
© Thomson Reuters 2026 All rights reserved.
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