Fashion
Singapore’s UOB raises Vietnam’s 2025 GDP growth forecast to 7.5%
The Vietnamese government is targeting a GDP growth of 8.3-8.5 per cent this year.
The United Overseas Bank has raised Vietnam’s 2025 GDP growth forecast to 7.5 per cent from 6.9 per cent, citing economic resilience and dynamism despite tariff risks and uncertainties.
The government’s 2025 growth target is 8.3-8.5 per cent.
For 2026, UOB maintained its growth forecast at 7 per cent.
It expects the country’s exports to grow by about 10 per cent in 2025 compared with 14 per cent in 2024.
For 2026, UOB maintained its growth forecast at 7 per cent.
Vietnam’s GDP expanded by 7.52 per cent year on year (YoY) in the first half (H1) this year, marking the quickest H1 pace since 2011, according to the Singapore-based bank’s global economics and markets research unit.
The strong first-half results were propelled primarily by a 14-per cent YoY rise in exports, bolstered by improved market sentiment following US President Donald Trump’s temporary reduction of reciprocal tariffs to a baseline 10 per cent for trading partners over 90 days.
Tariff uncertainties abated in the second half of 2025 after the US locked in country-specific rates ahead of the August 1 deadline, with Vietnam’s levy settling at 20 per cent.
Despite tariff pressures, UOB expects the country’s exports to grow by about 10 per cent this year compared with 14 per cent last year, assuming a moderate 1-5 per cent YoY expansion over the rest of the year.
Vietnam’s manufacturing Purchasing Managers’ Index (PMI) rebounded to 52.4 in July after three consecutive months below the 50-point contraction threshold. Industrial output rose by 9 per cent YoY.
Realised FDI reached $13.6 billion as of July, up from $12.6 billion a year earlier, indicating full-year inflows may surpass $20 billion compared with $25.4 billion in 2024, a domestic news agency reported citing the UOB document.
Fibre2Fashion News Desk (DS)
Fashion
Chiara Ferragni appears before Milan court for fraud trial
By
Ansa
Translated by
Nicola Mira
Published
November 5, 2025
Italian fashion influencer Chiara Ferragni has appeared before the Milan court for the second pre-trial hearing relating to the case in which she, alongside two other defendants, is accused of aggravated fraud over the misleading charity claims linked to two notorious Christmas cake and Easter eggs promotions.
Assisted by her attorneys, Giuseppe Iannaccone and Marcello Bana, Ferragni appeared at the court’s third criminal section before judge Ilio Mannucci Pacini, for a closed hearing scheduled to make a decision on the plaintiffs and on the type of trial procedure.
Ferragni, who has always proclaimed herself innocent, decided to attend in order to formalise her decision to opt for an abbreviated trial procedure.
“Thank you for your attention, thank you for being here. It’s a difficult phase in my life and I think you’ll understand if I don’t feel like making any further comments, but thank you for being here and let’s move on,” said Ferragni as she left the court building after the hearing.
This is the first time that Ferragni has appeared in person at the Milan court for this much talked-about case. The first hearing, a few weeks ago, was merely procedural. At the end of January, Ferragni had been summoned to trial by deputy prosecutor Eugenio Fusco and prosecutor Cristian Barilli. Also summoned were her co-defendants, former employee Fabio Damato and Francesco Cannillo, president of cereal and chocolate producer Cerealitalia-ID. Alessandra Balocco, CEO of the Balocco confectionery company, was also among the defendants, but she died in August.
Ferragni stated she was planning to attend the hearings out of respect for justice, to refute the charges and prove her innocence. Her attorneys have said she hasn’t committed any crime, and has already settled the civil case, having made donations worth €3.4 million in total. According to the Milan prosecutors, who oversaw the investigation carried out by the Economic and Financial Police Unit between 2021 and 2022, Ferragni allegedly deceived her followers and consumers, and made unfair profits of approximately €2.2 million from the sales of products for which no charity donation was made.
Italian consumer watchdog Codacons withdrew its complaint after reaching an agreement with Ferragni. A 76-year-old lady who had bought several of the Christmas cakes in question did apply to appear as a plaintiff in the hearing but, following an out-of-court settlement, withdrew her application. Two other consumer protection associations, Adicu and Casa del consumatore, had also initiated a claim. The latter has not accepted a settlement agreement worth €5,000. A final decision on the plaintiffs will be made by the judge. The dates of the abbreviated procedure hearings have been set for November 25 and December 19, and sentencing is expected in January.
Copyright © 2025 ANSA. All rights reserved.
Fashion
ThredUp sales surge 34 percent on increased orders
Published
November 4, 2025
ThredUp announced on Tuesday sales for the third quarter surged 34 percent to $82.2 million, with the U.S. resale platform attributing the increase to a lift in customer numbers and order growth.
The Oakland, California-based company said active buyer numbers rose 26 percent to 1.57 million, while orders skyrocketed 37 percent to 1.61 million for the third quarter ending September.
Net income fell to $583,000 during the quarter, compared to $739,000 in the prior-year period.
“In Q3, we are proud to have delivered our fourth consecutive quarter of accelerating revenue growth, driven by exceptional new buyer acquisition and order growth,” said ThredUp CEO and co-founder, James Reinhart.
“This quarter, we launched a fully rebranded ThredUp experience, with new products and features that create a more personalized and engaging way to buy and sell secondhand. These advancements are enabled by years of investment in our data and technology infrastructure, positioning us to innovate faster and strengthen our competitive moat in the growing resale market.”
Looking ahead, ThredUp expects full-year revenue to be in the range of $307 million to $309 million, up 18 percent year-over-year at the midpoint.
Earlier this year, ThredUp in late September unveiled a full rebrand designed to strengthen its position as a leader in the now-mainstream secondhand market.
Copyright © 2025 FashionNetwork.com All rights reserved.
Fashion
Primark festive campaign highlights affordable fashion and a community spirit
Published
November 4, 2025
Primark has unwrapped its ‘Full on Festive Feels’ Christmas campaign featuring “affordable fashion, joyful gifting and community”. It’s just launched in 470 Primark store windows globally, and across digital and social media channels.
The campaign’s theme is all about “friends and family capturing their festive celebrations and the moments that give people the full-on festive feels, without having to break the bank”.
“Whether it’s nights in wearing cosy FamJams, glitz and glam partywear for nights out with friends, those festive home finds or tying the bow on the perfect present”, Primark said the aim is to bring “all the festive feels at the incredible value that it’s famous for”.
This year, fashion also plays a major part in a line-up featuring essential seasonal pieces that make up its new price promotion-based ‘Major Find’, which offers products or a look “reflecting a style of the moment, at unbeatable value”.
This includes a corset leopard-print mini dress (£10), a black peplum top, and a black sculpted coat (£20). Other standout pieces to complete the festive look are a coordinated two-piece, including a black sequin top (£16) and matching black sequin trousers for (£20).
But, of course, the other major aspect of this year’s campaign theme is ‘community’ and Primark’s also donating gift packs totalling £250,000 to local charities. Stores have partnered with them to provide specially selected gift packs of clothes and festive essentials to people who need them.
Copyright © 2025 FashionNetwork.com All rights reserved.
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