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Germany’s ZEW economic sentiment falls sharply in August

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Germany’s ZEW economic sentiment falls sharply in August



Germany’s ZEW Indicator of Economic Sentiment has dropped significantly in August 2025 to plus 34.7 points, down 18 points from July. The assessment of the current economic situation also weakened, with the situation indicator falling 9.1 points to minus 68.6 points.

For the eurozone, expectations slipped to plus 25.1 points, an 11-point decline from the previous month, as growth outlooks were revised down despite earlier stronger estimates compared to Germany. The eurozone’s current situation indicator also deteriorated, dropping 7 points to minus 31.2 points, ZEW said on its website.

“Financial market experts are disappointed from the announced EU–US trade deal. In August 2025, the ZEW indicator experiences a substantial decline, also due to the poor performance of the German economy in the second quarter of 2025. The outlook has worsened in particular for the chemical and pharmaceutical industries,” commented ZEW president professor Achim Wambach, PhD on the survey results.

Germany’s ZEW Economic Sentiment fell sharply in August 2025 to 34.7 points, down 18 from July, with the current situation at minus 68.6.
Eurozone sentiment slid to 25.1, down 11, and its situation index to minus 31.2.
ZEW’s Achim Wambach cited disappointment over the EU–US trade deal and weak Q2 performance, especially in chemicals and pharmaceuticals.

Fibre2Fashion News Desk (HU)




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Khaite sets sights on Japan with new joint venture

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Khaite sets sights on Japan with new joint venture


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December 2, 2025

Khaite is expanding into Japan through a newly formed joint venture with Yagi Tsusho Ltd., establishing Khaite Japan Corp. and marking the start of a long-term strategic partnership for the New York label.

Khaite sets sights on Japan with new joint venture. – Khaite

Under the agreement, Yagi Tsusho will introduce Khaite to the Japanese market beginning with the fall 2025 season, according to WWD. 

The Osaka- and Tokyo-born company has grown into a global operation with offices across the U.S., Europe, and Asia, and holds a joint venture with Moncler, while also owning British outerwear brand Mackintosh. Leveraging its local expertise and retail relationships, Yagi Tsusho will oversee Khaite’s expansion across key brick-and-mortar and digital channels in Japan.

Founded in 2016 by creative director Catherine Holstein, Khaite has emerged as a favourite among luxury consumers and industry insiders, earning Holstein back-to-back CFDA American Womenswear Designer of the Year awards in 2022 and 2023.

The brand also received an investment in 2023 from New York–based private equity firm Stripes. Earlier this year, Khaite opened its fifth boutique in Los Angeles, in Melrose Place.

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US Republican senator calls for DOJ and Homeland Security to investigate Shein, Temu for counterfeiting

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US Republican senator calls for DOJ and Homeland Security to investigate Shein, Temu for counterfeiting


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Reuters

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December 1, 2025

U.S. Republican Senator Tom Cotton of Arkansas sent a letter to Attorney General Pam Bondi on Monday calling for the U.S. departments of Justice and Homeland Security to investigate online retailers Shein and Temu, which ship most of their merchandise from China, for wide-scale intellectual property theft and counterfeiting.

Reuters

The letter, which was seen by Reuters, adds to the increased scrutiny of Shein and Temu, which both sell $20 shirts and $10 accessories, following the end of a U.S. trade exemption that helped both companies gain popularity in the region. Shein is privately held and Temu is owned by PDD Holdings.

Shein and Temu did not immediately comment on Cotton’s letter.
The European Commission said in July that Temu was breaking EU rules by not doing enough to prevent the sale of counterfeit goods on its platform. The company said at the time that it would fully cooperate with the Commission.

Shein has previously said that it requires its suppliers to certify that their products do not infringe on a brand’s intellectual property and that they are not counterfeit. The company has a team that ensures its sellers comply with the policy and takes swift action if they are not in compliance, a spokesperson previously said.

The ending of the, which allowed packages shipped directly to shoppers valued at under $800 to enter the U.S. duty-free, has “forced Shein and Temu to change their business model,” Cotton said in the letter.

“These companies now stock massive inventories in U.S. warehouses and distribution centers. Their goods are no longer slipping through ports,” Cotton said. “They are sitting on American soil under U.S. jurisdiction.”

Texas Attorney General Ken Paxton said on Monday he is investigating whether Shein violated state law related to unethical labor practices and the sale of unsafe consumer products. France last week asked a Paris judge to suspend Shein in the country for three months over sales of childlike sex dolls and banned weapons.
 

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Modella makes another acquisition, this time it’s the Wynsors footwear chain

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Modella makes another acquisition, this time it’s the Wynsors footwear chain


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December 1, 2025

Modella Capital is fast becoming one of the most acquisitive businesses on the UK high street and the latest retailer to join its portfolio is footwear chain Wynsors World of Shoes.

Wynsors

The company hadn’t made a formal announcement as we published but a spate of Companies House announcements came through about individuals ceasing to be “a person with significant control” of Wynsors’ parent company or becoming newly appointed directors. Yet the biggest clue that came early evening on Monday was the one that said “Appointment of Modella Capital Directors Limited as a director on 29 November 2025”.

There’s no hint of how much it might have paid for the business.

The story had originally been broken by Sky News on Monday morning, which had said the investment firm was targeting a takeover of the privately owned footwear retailer and was in “advanced talks”.

Wynsors trades from around 50 standalone shops across the north of England and Sky had said Modella was “the likeliest buyer” of the business, with expectations of a deal before the end of the year. Monday’s later developments tore that timeline up completely.

Modella was recently in the news as the buyer of Claire’s UK business. It also recently bought the non-travel locations of WH Smith (now renamed TG Jones) and owns Hobbycraft and The Original Factory Shop too. It had earlier hoped to add Poundland to its portfolio but missed out on that one.

Wynsors had been looking to sell for around two months and accountancy firm RSM had been hired explore interest from prospective bidders, Sky News said.

The chain trades from around 50 standalone stores and 40 concessions. It sells brands including Adidas, Skechers, Hush Puppies, Clarks, Nike, Kickers and more. And although its sells footwear for women, men and children, it focuses particularly on school shoes.

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