Fashion
MoU signed to digitise logistics ecosystem in India’s Andhra Pradesh
ULIP is a digital gateway that enables industry stakeholders to access logistics-related datasets from various government systems. ULIP has integrated with 44 systems across 11 ministries.
An MoU was recently signed by the National Industrial Corridor Development Corporation Limited, the Logistics Data Services Limited and the Andhra Pradesh government to digitise the logistics landscape of the South Indian state by leveraging the Unified Logistics Interface Platform.
The platform aims at enhancing coordination, improving efficiency and supporting informed decision-making across sectors.
The MoU was signed in the presence of Indian Minister of Commerce and Industry Piyush Goyal and state chief minister N Chandrababu Naidu on the sidelines of the 30th Confederation of Indian Industry (CII) Partnership Summit in Visakhapatnam.
A robust integrated digital platform will be developed and implemented to provide government and private stakeholders in Andhra Pradesh with real-time visibility into the state’s logistics operations and performance metrics, a release from the Indian Ministry of Commerce said.
The platform aims at enhancing coordination, improving efficiency and supporting informed decision-making across sectors.
Fibre2Fashion News Desk (DS)
Published
November 18, 2025
British retailer JD Sports is opening its largest European store in Barcelona, following four years of work on the project. The company has chosen 9 Portal de l’Àngel (one of the most sought-after shopping streets in the Catalan capital) for its new flagship: a 1,500-square-metre store across two floors that will employ 110 people and open to the public on November 22.
“The location on Portal de l’Àngel is crucial, as it not only puts us on one of the busiest streets in Europe, but also places us at the heart of tourism and local retail, allowing us to reach a diverse audience,” said José Carlos González, JD Sports’ associate director of retail for Southern Europe.
As for the store’s design, he said it had been “carefully conceived to respect and highlight the building’s historic architecture, which incorporates three centuries-old palaces.”
“Over four years, including the discovery of architectural remnants, we have worked to ensure that modern design and technology integrate harmoniously with Barcelona’s distinctive cultural and architectural essence, creating a space that pays homage to the city,” he added.
The flagship represents “a step change” in the way the chain “connects with the consumer.”
“It is a project that places JD at the forefront of international retail, where the store is not only a place to buy products, but a space that inspires, brings together urban tribes, fosters collaborations with young talent and helps shape culture,” said González.
With the opening of this space, JD Sports reaches 530 employees in Barcelona and 690 across Catalonia. The establishment “forms part of the company’s consolidation and expansion strategy” in Spain. Footwear, sportswear and accessories make up the store’s offer, which carries its own brands as well as Adidas, New Balance, Asics and Nike.
In collaboration with Nike, the store will feature a dedicated area for the U.S. company’s women’s collections, accompanied by a series of initiatives and events. In this context, JD Sports says its new Barcelona store will run a programme of activities, as it aims to be a “meeting point” for its clientele.
“JD Sports has managed to differentiate itself with an exclusive product offering and unique collaborations, along with a shopping experience that integrates both the physical and the digital. Our proposition goes beyond selling products; we seek to connect with urban culture and build a community,” said the chain’s associate director of retail for Southern Europe.
JD Sports was founded in 1981, entered the Spanish market in 2012 and aims to reach 150 stores in the country in the medium term. The British giant also operates in the country through Sprinter, an Alicante-based retailer pursuing its own expansion plan.
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Copyright © 2025 FashionNetwork.com All rights reserved.
Published
November 17, 2025
The Metropolitan Museum of Art announced on Monday its annual Costume Institute exhibition theme for spring 2026.
Dubbed “Costume Art”, the exhibition will focus on Western art from prehistory to the present, and will explore artistic representations of the dressed body, pairing fashions and artworks from the New York-based museum’s collection.
The theme will also “highlight the inherent relationship between clothing and the body,” according to a statement from the museum.
The exhibition, opening its doors to the public May 10, will be the first to take place in the museum’s nearly 12,000-square-foot suite of galleries adjacent to the Great Hall, marking “a new chapter for the museum,” it added.
As always, the celebrity-packed Met Gala will celebrate the opening of “Costume Art” on May 4, 2026, taking on the same theme and dress code.
The Met Gala 2026 will be the first to take place since Anna Wintour stepped down as American Vogue’s editor-in-chief earlier this year. However, the fashion veteran remains the magazine’s global editorial director and parent company Conde Nast’s chief content officer, and will continue to oversee Met Gala proceedings.
Copyright © 2025 FashionNetwork.com All rights reserved.
By
Bloomberg
Published
November 17, 2025
Lugano Holdings Inc., an operator of high-end jewelry boutiques owned by Compass Diversified, has filed for bankruptcy months after it accused its former chief executive of stealing millions of dollars from the business and misrepresenting investment deals with high net worth clients.
The retailer sought court protection Sunday in Delaware saying it has an offer to sell the business to Enhanced Retail Funding, a deal that must be approved by a bankruptcy judge and is subject to better offers at a Chapter 11 auction. Lugano listed at least $100 million in assets and more than $500 million in liabilities on its Chapter 11 petition.
The bankruptcy filing comes months after the departure of former Lugano Chief Executive Officer Mordechai Haim Ferder, who established the business in 2004. Following an internal investigation by Compass, Lugano filed a civil lawsuit in June accusing Ferder of forging invoices and sale documents.
“With Lugano’s decision in place, there is now a defined and orderly process to bring the Lugano matter toward resolution,” Compass Chief Executive Officer Elias Sabo said in a statement.
Compass acquired a majority interest in the business in 2021 at a $256 million valuation, according to court papers.
The complaint alleges Ferder concealed the nature of transactions he entered into with high net worth individuals related to financing the purchase of diamonds that investors were told would be sold for a higher price, according to the lawsuit. Investors were told they’d get a stake in a diamond and would be repaid at a “substantially above market, interest rate,” the lawsuit alleged.
Ferder is accused of disguising these transactions as ordinary sales and recording the incoming funds as revenue rather than liabilities, according to the complaint. As a result, he misled Lugano’s stakeholders and auditors about the company’s actual performance and valuation, the lawsuit alleged.
Ferder resigned as chief executive officer in May and has not formally responded in court to the June lawsuit. He couldn’t be reached for comment Monday. Lugano said in the June lawsuit that Ferder was residing in Tel Aviv “and appears to be in the process of moving his assets out of the United States and to Israel.”
Lugano Chief Restructuring Officer J. Michael Issa said in a Sunday court filing that other lawsuits have been filed against the company and Ferder since the summer.
Ferder and his affiliated entities retained about 40% of the business following the Compass acquisition, a deal that fueled the opening of additional boutiques and a private social club for its clients called Lugano Privé, Issa said.
The company had believed it generated $470 million in revenue and $180 million in operating income in 2024 but now “those amounts are being revised to reflect actual revenues and operating income at substantially lower levels,” he said.
Compass has agreed to provide Lugano with $12 million in Chapter 11 financing to fund the bankruptcy and related sale process. Lugano said its stores remain open and are operating normally.
The case is Lugano Diamonds & Jewelry Inc., number 25-12055, in the US Bankruptcy Court for the District of Delaware.
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