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Boohoo sidesteps Frasers over new management incentive plan

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Boohoo sidesteps Frasers over new management incentive plan


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Bloomberg

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November 28, 2025

British fast-fashion retailer Boohoo Group Plc will bypass major shareholder Frasers Group Plc on a new management incentive plan, as it pushes ahead with its turnaround efforts.

The group behind Debenhams.com and Boohoo.com said that while sidestepping a key shareholder on a pay plan runs against usual corporate-governance practice, the decision was justified because Frasers has repeatedly sought to disrupt the company’s strategy and future success.

Representatives for Frasers didn’t immediately respond to a request for comment.

The move comes as Boohoo reported a 23% drop in first-half revenue, missing analyst estimates. Still, its gross margin was ahead of expectations and the company sees earnings before interest, taxes, depreciation and amortization growing in the double digits next year.

Shares of Boohoo jumped as much as 24% in early London trading, the most on an intraday basis since April. They had lost about two-thirds of their value this year through Wednesday’s close.

“The turnaround plan is coming together at pace,” analysts at Panmure Liberum said in a note. “When top line growth returns this is well set for very strong EBITDA margins and cash generation.”

Boohoo said it wants a new program because incentives didn’t include chief executive officer Dan Finley or chief financial officer Phil Ellis — despite both being central to delivering the company’s turnaround. Payouts will be triggered at various market capitalization milestones, starting from when the stock triples from its current baseline level, Boohoo said.

The decision not to consult Mike Ashley’s Frasers Group is the latest development in a long-running spat that includes wrangling over board representation. Earlier this year, Ashley voted against Boohoo’s move to rebrand itself as Debenhams Group.

When Boohoo bought Debenhams out of administration in 2021, it shut the chain’s unprofitable stores and relaunched it as a marketplace featuring around 10,000 fashion, home and beauty brands.

The company is also reviewing other parts of its portfolio, including a potential sale of its PrettyLittleThing brand, and is consolidating warehouse operations.



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Fashion

The new economics of fashion: Trust, longevity and price discipline

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The new economics of fashion: Trust, longevity and price discipline




Fashion demand in 2026 remains intact but more selective, with consumers spending cautiously and prioritising value, durability and versatility.
Intentional purchasing and promotion sensitivity are reshaping pricing dynamics and margin structures.
Polarised consumer behaviour is pushing brands to rebuild trust, justify full price and align sustainability with longevity.



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US brand Calvin Klein unveils Spring 2026 denim with Jung Kook

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US brand Calvin Klein unveils Spring 2026 denim with Jung Kook



Calvin Klein Inc., which is part of PVH Corp. [NYSE:PVH], announces the launch of its Spring 2026 denim campaign starring global brand ambassador Jung Kook of renowned boy band BTS.

Directed and shot by Mert Alas, the new chapter sharpens the focus on denim as the ultimate expression of personal style through icon Jung Kook’s distinctive and influential point of view as he lives in the moment.

Calvin Klein, owned by PVH Corp., has unveiled its Spring 2026 denim campaign fronted by BTS icon Jung Kook.
Directed and photographed by Mert Alas, the cinematic film fuses music, movement and city energy, highlighting 90s Straight, Baggy and reworked Trucker silhouettes.
A special appearance by Rosie Perez amplifies the brand’s signature visual storytelling.

The campaign unfolds across a series of immersive worlds, unified and guided by Jung Kook’s style, attitude and way of living. The high-impact film fuses fashion and entertainment, moving to an instantly recognizable soundtrack and brought to life through the artist’s signature choreography and commanding presence. The interplay of music and movement – complete with a cameo from New York City legend Rosie Perez – captures the impact synonymous with Calvin Klein’s iconic visual storytelling.

Calvin Klein jeans are at the center of the wardrobe with hero silhouettes leading the narrative: the effortless attitude of the 90s Straight; the relaxed and nostalgic proportions of the Baggy; and new interpretations of the iconic Trucker jacket — all reimagined with elevated washes and designed for versatility. Casual logo tees and oversized bombers complete the looks, reinforcing denim as both uniform and statement.

“I love Calvin Klein jeans because they’re designed to be lived in,” said Jung Kook. “The looks I wore for this campaign nod to ‘90s style while feeling completely modern. It was exciting to bring together my love of music, dance and fashion against the energy of the city.”

Note: The headline, insights, and image of this press release may have been refined by the Fibre2Fashion staff; the rest of the content remains unchanged.

Fibre2Fashion News Desk (RM)



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China targets 4.5 to 5% GDP growth for 2026

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China targets 4.5 to 5% GDP growth for 2026



China is aiming for a GDP growth rate of at least 4.5 to 5 per cent in 2026, according to a government work report submitted on March 05, 2026 to the national legislature for deliberation.

Premier Li Qiang, who delivered the report at the opening of the fourth session of the 14th National People’s Congress in Beijing, said the growth target is “well aligned with the country’s long-range objectives through the year 2035 and is broadly in line with the long-term growth potential of China’s economy, with favorable conditions in place for achieving this target.”

China has set a GDP growth target of 4.5–5 per cent for 2026, alongside goals to stabilise employment, manage inflation, maintain grain output and cut emissions.
The plan also preserves flexibility for structural reforms under the 15th Five-Year Plan, aiming to balance steady economic expansion with long-term, high-quality and sustainable development.

Main development targets for 2026 also include a surveyed urban unemployment rate of around 5.5 per cent, creation of over 12 million new urban jobs, a rise in the consumer price index of around 2 per cent, personal income growth in step with economic growth, a basic equilibrium in the balance of payments, grain output of around 700 million tonnes, and a drop of around 3.8 per cent in carbon dioxide emissions per unit of GDP.

Qiang said the targets took into account the need to leave room for structural adjustments, risk prevention and reform in the opening year of the 15th Five-Year Plan (2026–30) period, to lay a solid foundation for improved performance in the coming years. Government at local level should, taking into account their own conditions, make solid efforts to deliver positive outcomes, he added.

Analysts said the 2026 target reflects a pragmatic approach in recognising structural and cyclical challenges facing the world’s second-largest economy, while pursuing reasonable growth in line with high-quality development.

Fibre2Fashion News Desk (JP)



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