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Aquascutum Active posts 66% growth, readies womenswear launch for spring/summer 2027

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January 12, 2026

Aquascutum Active, the sportswear line of the historic British brand founded in 1851 by John Emary (now owned by China’s Shandong Ruyi Group), ended 2025 with turnover of €6 million (40% generated in Italy), up 66.7% on the previous year. Launched in 2023, the line was conceived by Rome-based company Icon, which holds the manufacturing and distribution licence.

Aquascutum Active, AW 2026-27

“We proposed to the parent company that we take this heritage brand into advanced sportswear by using technical fabrics, more modern fits, and high-performance, sustainable, non-animal padding,” explains Damiano Ferretti, owner of Icon, to FashionNetwork.com. “The collection includes outerwear, with both urban and sportier lines; our plan is to introduce professional sports apparel- football, for example- by creating a dedicated division. For now, the line is menswear only, but already 20% of our clientele is female, who appreciate our more genderless offerings; for SS 2027 we will introduce a dedicated womenswear capsule.”

Starting with a focus on outerwear, over time Aquascutum Active-whose production is split between the Mediterranean basin (Italy, Albania, Turkey, Tunisia) and China- has evolved increasingly towards a total look: the AW 2026-27 collection comprises 120 styles, 30% of which are outerwear. Positioned in the premium segment, prices range from €250 to €800 for jackets, €55 to €85 for T-shirts, and €80 to €130 for polo shirts.

“We aim for a premium segment but with competitive prices,” the entrepreneur notes. “Today we are in 450 upper-mid to high-end stores, 280 of them in Italy. Internationally, we are present in the UK, the Netherlands, Belgium, Germany, France, Spain, and Eastern Europe; within a couple of seasons we aim for full coverage of Europe. In addition, we are entering Japan and North America, and we have a direct e-commerce site operating worldwide, which accounts for 15% of sales and is growing rapidly.”

Aquascutum Active, AW 2026-27
Aquascutum Active, AW 2026-27

From a stylistic perspective, starting with AW 2026-27 Aquascutum Active has begun a collaboration with Alessandro Pungetti, a leading figure in advanced sportswear, which is set to continue in the coming seasons. In addition, at Pitti Uomo 109 the brand is presenting a capsule with Societas, the label founded by Mirko Borsche, a designer recognised globally for redefining the relationship between football, fashion and visual culture.

The project draws on a creative universe deeply connected to English football, not as a mere sport but as a cultural phenomenon. As part of the collaboration, the trench coat- an emblem of Aquascutum Active- is reimagined through contemporary materials and construction: the silhouette meets a softshell bonded with fleece, creating a technical yet sophisticated garment designed for modern urban life; inside, custom heat-sealed seams carry the brand’s logotype as a hidden detail.

In addition, the historic Club Check is reinterpreted through a secondary colour palette of red, white, and navy, while the football shirt, a central element of the capsule, takes inspiration from England’s mid-1990s away kit: a contemporary reinterpretation filtered through the graphic rigour and visual sensibility of Aquascutum Active and Societas.

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Dior names Josh O’Connor as latest brand ambassador

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January 12, 2026

The house of Dior has named UK actor Josh O’Connor to be its latest brand ambassador, joining soccer legend Kylian Mbappé in the brand’s style diplomatic corps.

Josh O’Connor for Dior – George Eyres

 
“Dior is delighted to welcome Josh O’Connor as the new ambassador for Jonathan Anderson’s collections,” the Paris-based house said in a release.
 
The actor had previously been a presence at several runway shows of J.W. Anderson, who was appointed overall creative director of Dior in June 2025.

O’Connor first grabbed attention and international fame with his performance as Prince Charles in hit series The Crown- for which he won a Golden Globe Award for Best Actor .
 
Subsequently, he has garnered critical acclaim in a variety of films, including Luca Guadagnino’s Challengers, in which he wore clothes designed by Anderson in this studied melodrama about competing players and emotions in tennis.
 
O’Connor has also worked with Guadagnino in an ad campaign for Aston Martin, shooting an elegiac road movie short in sun-dried Sicily.

“Josh O’Connor embodies a singular, sensitive, and undeniably modern expression of masculine elegance, perfectly in sync with the contemporary Dior style,” added Dior about the Cheltenham, England-raised thespian.

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Very Group Q1 underlying profitability improves

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January 12, 2026

The Very Group has published its results for Q1 of FY26 (the 13 weeks to late September 2025) and they show the e-tail giant still loss-making but seeing “further improvements in profitability and a return to top-line growth compared to the same period in the prior year”.

The launch of The Very Collection in September 2025 was a key development for Very UK

It comes after what it described as “robust” results for FY25, even though they included a major pre-tax loss linked to a writedown of an inter-company loan made to the then-controlling Barclay family’s holding company as lenders prepared to take over the business.

Now owned by major lender Carlyle and reportedly up for sale, the company said that the market remains challenging but the group saw revenue growth of 2.4% to £460.8 million in Q1. At the star Very UK operation, revenue (which accounts for the bulk of the firm’s total retail sales) rose 3.7% to £406.7 million.

Growth was achieved in both Retail revenue with group sales of goods up 0.9% to £341.3 million and in Finance revenue, which jumped 5.8% to £112.9 million.

The company added that the Very UK operation saw strong results within its higher-margin Home category that rose 10.9% year on year, while its Sports offering increased 12.3% following the introduction of a number of key new brands in the second half of the previous year.

Meanwhile the Toys and Beauty category continue to perform well with 6.4% growth, of which Beauty alone saw 4.1% growth.

That said, Fashion and Sports combined declined 1% in a tough market but, as mentioned, Sports was strong. Parts of the Fashion market were buoyant as well with a 30.1% increase in casual womenswear sales, in part supported by the launch of its new own-brand offering The Very Collection in September 2025. Given that Q1 only ran until the end of that month, it looks likely that the collection will be able to contribute even more in the future.

This all led to gross profit rising to £173.4 million from £163.3 million, or a statutory gross margin rate of 37.6% up 1.3%pts.

It also said that its continued focus on cost controls contributed to a 16.3% increased in pre-exceptional EBITDA to £63.4 million.

That said, it still made a total pre-tax loss of £24.9 million, wider than the £23.1 million loss in the previous year. Similarly, the net loss of £31.4 million was larger than a loss of £23.1 million of the year before, although the company is clearly moving in the right direction on an underlying basis.

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British Land CEO Carter to step down

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January 12, 2026

UK property giant British Land is looking for a new CEO. Simon Carter’s five-year tenure at the top oversaw the firm’s successful pivot to a retail park focus. He’s departing after an 18-year total association to head European logistics properties firm P3 Logistics Parks.

British Land’s Nugent Shopping Park, south London

His departure comes with a 12-month notice period so there’ll be no immediate hurry to sign a replacement.

Carter first joined British Land in 2004, working in several roles across Strategy, Corporate Finance and Treasury before leaving in 2015 to become CFO at Quintain Estates & Development and then Logicor. He returned to British Land as CFO in 2018 and was appointed CEO in 2020.

William Rucker, chairman, said: “I want to thank Simon for his significant contribution to British Land. During his 18 years here across two stints he has achieved a huge amount, and as CEO has positioned the business for future success with a very strong management team and an exceptional London office campus and retail park platform.”

Carter added: “British Land has been a huge part of my professional life, and it has been a privilege to work for such a fantastic business.

“The contrarian calls we made post-pandemic have positioned British Land for long-term success. There is never a perfect time to move on, but I will be leaving the business with market-leading positions in London campuses and retail parks – both of which are benefitting from strong rental growth in supply-constrained markets.”

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