Fashion
Fairfax & Favor sales, profits drop, but category expansion could drive growth
Published
January 5, 2026
Fairfax & Favour saw lower sales and profits in the year to late March 2025, although the comparison period had benefitted from being a 13-month one rather than 12 months this time.
The company sells footwear, accessories and outerwear with a focus on a rural lifestyle. Its turnover declined to £31.18 million from £36.11 million in the previous period. However, while the latest number was also below its 2023 figure, it was higher than the £28.88 million it had made in 2022.
EBITDA for the company was £1.395 million this time compared to £3.056 million last time. Its EBITDA had been higher in both 2023 and 2022.
Profit before tax this time was (£0.692 million compared to £2.474 million in the previous 13-month period while net profit was £0.717 million, down from £1.839 million last time.
The company, which achieved B-Corp accreditation during the year, said it was the first leather footwear brand in the UK to achieve the award.
Other developments in the year included several major milestone projects linked to its long-term strategic objectives. These included the incorporation of a US subsidiary to support increasing demand from customers based in America. This helped it achieve US revenue growth of 16%.
It also opened a further three UK stores in December 2024, taking its estate to nine independent locations with new stores helping to grow its direct retail revenue by 11%.
Plus it also entered the pre-owned channel and said it made significant progress during the year in the delivery of an app and loyalty scheme. They eventually launched in July 2025.
So why did its turnover fall this time more than could be accounted for by the previous period having had an extra month? The company said underlying trading in the core business throughout the period was difficult due to multiple ongoing macroeconomic effects leading to lower than forecast revenues. In fact, revenues and core online trading were down 10%.
But it sees these challenges as short term and it continues to invest in growth of the business.
Also that growth should come through its development of outerwear and other clothing, expanding it beyond its original position as a footwear label.
It has also been focusing on operating efficiency and delivered several significant IT projects during the year.
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Fashion
Policy easing drives Argentina’s garment import surge in 2025
Argentina’s apparel imports surged 97.35 per cent YoY to $681.19 million in 2025, driven by import policy easing, improved access to foreign exchange and inventory restocking.
Volumes rose to 38.07 million kg, while average prices fell to $17.89 per kg.
Asia-Pacific dominated sourcing with an 84.16 per cent share, led by China, as retailers rebuilt stocks amid limited domestic manufacturing capacity.
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Fashion
Reebok India signs Olympian Manu Bhaker as brand ambassador
At just 24, Manu has established herself as one of India’s most accomplished sport shooters and a symbol of resilience and mental strength. She made history at the 2024 Paris Olympics by winning two bronze medals in the women’s 10m air pistol and the 10m air pistol mixed team events, becoming the first Indian athlete to win two medals at a single Olympic Games and the first Indian woman shooter to win an Olympic medal. Her journey has been shaped as much by training and discipline as by results, making her a natural fit for Reebok, a brand that has long championed training, fitness and high-performance sport. Manu embodies a new generation of Indian athletes who are confident, self-aware, and deeply invested in the process. From refining technique to building mental strength, her career reflects the realities of elite sport, where progress is earned through consistency and intent.
Reebok has named Olympic shooter Manu Bhaker as its brand ambassador in India.
The partnership aligns the brand’s training-first philosophy with Bhaker’s discipline and mental strength.
The two-time Paris 2024 bronze medallist embodies resilience and preparation, reinforcing Reebok’s renewed focus on performance sport, training culture and distribution-led growth across India.
Commenting on the collaboration, Manu Bhaker said, “Every result begins long before competition day. Training, focus, and belief shape everything I do, and that’s what connects me with Reebok. I’m proud to represent a brand that stands for preparation and backs athletes through every phase of the journey.”
Speaking on the association, Arjun Ramamoorthy, Brand Head, Reebok India, added, “Manu Bhaker represents the future of Indian sport – focused, fearless, and deeply committed to the work behind performance. As Reebok sharpens its focus on training and high-performance sport in India, this partnership reflects our belief in athletes who don’t chase shortcuts, but show up prepared. It’s about empowering people to push further through training and self-belief.”
This strategic collaboration underscores Reebok’s renewed commitment to sport and distribution growth across India, strengthening its presence in performance categories and engaging communities that value the discipline of daily training as the foundation of performance. Together, Reebok and Manu Bhaker will encourage athletes and fitness enthusiasts to shift focus from podium moments to the preparation that earns them.
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)
Fashion
Uzbekistan to raise 2026 share of automated cotton harvesting to 70%
Around 10,000 units of agricultural machinery will be purchased in all this year, raising the fleet to 292,000 machines, the president’s official website said in a release.
Uzbekistan plans to raise the share of automated cotton harvesting to 70 per cent this year, President Shavkat Mirziyoyev said.
The proportion of machine-harvested cotton is 52 per cent now.
It plans to acquire 800 cotton-picking machines, as well as 6,000 seeders, tractors and combines.
The country will seek $400 million from global financial institutions to back farmers in acquiring new equipment.
The level of mechanisation in agriculture now stands at 81 per cent.
Uzbekistan has purchased 1,756 cotton-picking machines in the last few years, raising the proportion of machine-harvested cotton to 52 per cent.
Last year, 2.1 million tonnes of cotton were harvested using automated machines.
Uzbekistan will seek $400 million from international financial institutions to back farmers in acquiring new equipment. Tractors and combines will be available on a 10-year lease at 18-per cent interest in local currency, with the first two years interest-free. The government will subsidise 8 per cent of the interest rate.
Fibre2Fashion News Desk (DS)
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