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As it bids for IKKS, Beaumanoir publishes latest annual results for its subsidiaries

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November 25, 2025

The Beaumanoir group, which is in contention to acquire the troubled IKKS chain, has submitted its results, along with those of several subsidiaries, to the registry of the Paris Business Court. While the court’s decision is expected on November 28, the document indicates growth at group level but difficulties for some units. These figures should be viewed in context, as the document may omit certain activities within the group.

The Beaumanoir group oversees the European operations of the Boardriders brands – Element

With the aim of acquiring the brand names of the IKKS group and taking over three of the company’s stores for its Caroll and Morgan labels, Beaumanoir has made a bid of one million euros. In this endeavour, the Breton group is supported by three of its companies: Caroll International, Cafan (which primarily manages the Morgan brand), and Cariboo, a small retail business linked to the Boardriders group.

Improving results for Beaumanoir

Now accustomed to acquiring companies in distress, the C.C.V. Beaumanoir group reports positive momentum in the document it filed with the registry. It posted revenue of 2.1 billion euros for the 2024 financial year, ending on February 28, 2025, with operating profit of around 136.5 million euros. This marks an increase on the previous year, when the group reported 1.76 billion euros in revenue and operating profit of around 78.8 million euros.

IKKS attracts the interest of many industry players, including Beaumanoir
IKKS attracts the interest of many industry players, including Beaumanoir – OG-FNW

The document also details the results of SAS Cafan, the company managing Morgan, which would gain one or two stores in the event of a favourable ruling by the court of economic affairs on Beaumanoir’s offer. SAS Cafan posted net sales of 165.3 million euros in 2024, compared with 158.9 million euros in 2023. Its operating profit, however, has been steadily declining in recent years: 2.9 million euros in 2024, versus 5.3 million euros in 2023 and 9.6 million euros in 2022.

Caroll International grows despite operating profit in freefall

The distribution company Cariboo, by contrast, appears to be facing difficulties, according to the information in the document filed with the registry. It is forecasting sales of 8.7 million euros in 2024, compared with 27.6 million euros in 2023. Its operating profit is around 194,000 euros for 2024, versus around 131,000 euros in 2023. These figures may be linked to the situation of the Boardriders group brands (Quiksilver, Roxy, etc.), whose European operations were taken over by Beaumanoir from June 2024.

Caroll joined the Beaumanoir group in 2021
Caroll joined the Beaumanoir group in 2021 – Caroll

Lastly, Caroll International, the fourth component of the bid, recorded net sales of around 173 million euros in 2024, including 20.5 million euros in exports, compared with around 166 million euros in 2023. Its operating result is negative, at around -967,000 euros, versus just over 930,000 euros in 2023.

Owner of the Bonobo, Cache-Cache, Morgan, Vib’s, Caroll, and Sarenza brands, the group has also recently partially taken over Jennyfer and Naf-Naf. Beaumanoir’s strategy is to address a broad range of customer segments.

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Paris Menswear Tuesday: Études Studio, Auralee

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January 21, 2026

Two indie fashion brands, Auralee from Japan and Études Studio from France, staged highly contrasting collections on Tuesday, the opening day of Paris Fashion Week Men, testifying to the dynamism of the season in the French capital.
 
Auralee: Purist fashion with polish
 
A moment of grace on Tuesday evening at Auralee, where Ryota Iwai’s deceptively understated designs never fail to impress.

Auralee’s answer to its question: “What makes winter joyful?” – Luca Tombolini

 
Staged in the Musée de l’Homme facing an illuminated Eiffel Tower, the show was the latest pure statement by a designer whose clothes blend subtlety with refinement.
 
Whatever fabric Iwai plays with always seems just right: whether speckled Donegal tweeds seen in brown knit pants for guys, or a frayed hem skirt for girls in this co-ed show. Leather or lambskin jerkins and baseball jackets, all were ideal.

Semi-transparent nylon splash vests or wispy trenches had real cool. While Iwai’s detailing was also very natty- like the flight jacket trimmed with fur.

A women's look by Auralee
A women’s look by Auralee – Luca Tombolini

 
He is also a great colourist- from the washed-out sea green of a canvas ranger’s jacket to the moody Mediterranean blue of a caban. Though his finale featured a quintet of looks in black. Most charmingly a languid, deconstructed double-breasted cashmere coat worn on a shirtless model- the picture of perfection.
 
There were perhaps not that many sartorial fireworks in the show, but there didn’t need to be. This was a purist fashion statement of polish and precision that this audience could only admire.
 
Backed up by a great soundtrack – Sounding Line 6 by Moritz. Von Oswald or the cutely named Autumn Sweater by Yo La Tengo- the whole display won Ryota a loud and long ovation. Fully deserved too.
 
Études Studio: Resonating in IRCAM

Études Studio certainly know how to stage a show. The design duo invited guests into the bowels of the Institute for Research and Coordination in Acoustics/Music, or IRCAM a unique French concept dedicated to experimental sounds.

A look by Études Studio
A look by Études Studio – Collective Parade – Gaspar J. Ruiz Lidberg

Which we enjoyed a lot of thanks to Darren J. Cunningham, a British electronic musician known professionally as Actress. It made for a dramatic mood, as keys and chords swelled and raged throughout this show.
 
As a result, the design duo of Aurélien Arbet and Jérémie Egry titled this Autumn/Winter 2027 collection ‘Résonances.’ Terming it in their program: “A medley bringing into dialogue the minimalist experiments rooted in John Cage’s philosophy with the emergence of intelligent Dance Music in the early 1990s.”
 
The result was a rather moody series of clothes, made in a sombre palette of muddy brown, dark purple, black, black, and even more black.

Muted tones at Études Studio
Muted tones at Études Studio – Collective Parade – Gaspar J. Ruiz Lidberg

 
What stood out were the bulbous, off-the-shoulder puffers, worn over corduroy shirts or roll-necks- topped by some great rancher hats courtesy of Lambert. One could also admire sleek raingear; cool cocoon shaped jerkins and fuzzy mohair sweaters.  And appreciate a sleek A-Line coat and zippered knit safari jacket in a rare women’s look in this show.
 
Photoshopped faces in black and white scarves all looked very appealing, as did the brand’s debut bag, a satchel in tough canvas. And one had to applaud one great dull gold, wildly deconstructed puffer.
 
That said, the collection lacked proper kick and rarely resonated as the show title suggested it would. A decent statement about the mode, but far from a fashion moment. 
 

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Animer launches as French citizen-led union championing regenerative fashion

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January 21, 2026

Not a label, not a lobby, not even a legal entity. That is how Arielle Lévy, president of the Une Autre Mode Est Possible (UAMEP) collective, characterises this nascent union. Animer, an acronym for “Acteurs Nationaux Indépendants Mode Engagée Régénérative,” aims to shine a light on all the initiatives undertaken by fashion stakeholders, from producers to brands, who are advancing responsible, regenerative fashion in France.

The union was founded by eight collectives involved in regenerative fashion – UAMEP

The union was officially launched on Monday January 19, following the petition initiated by Arielle Lévy against Shein in response to the watering down of the anti–fast fashion law. Titled “Paris deserves better than Shein,” the petition drew nearly 140,000 signatures. “I wanted us to unite because I realised how strong the civic voice was,” explains Arielle Lévy. “These collectives are doing superb work and, at a certain point, there is a desire to close ranks, to make society together,” she says.

“Breaking the isolation of initiatives across the regions”

In addition to UAMEP, a number of other collectives are behind Animer, including Fashion Revolution France, L’Âme du Fil (Angers), Collectif Baga (Marseille), Café Flax (Clermont-Ferrand), Le Comptoir de la mode responsable (Poitiers), Le Conservatoire de la Mode Vintage (Isère), and La Grande Collecte/Textile Lab (La Rochelle). “It’s a union of independent collectives, committed to their local areas and sharing the same societal project,” Arielle Lévy emphasises.

The union hopes to represent all French territories
The union hopes to represent all French territories – Collectif Baga

The union plans to focus its efforts on the ground, working across supply chains, regions, practices and even our shared imagination. With “hundreds” of stakeholders already on board via the various founding collectives, Animer is built on ten key ideas: dignity, value-sharing, traceability as a common language, less and better, circular design, smart re-localisation, carbon sobriety, inclusion and plurality, cooperation rather than “sterile competition”, and proof through action.

Animer’s founders plan to bring together all the initiatives active in regenerative fashion across the country. The union hopes to become a preferred interlocutor in defending a societal project focused on respect for the earth, and for men and women. With the help of Fashion Revolution, it aims to act in the national interest by engaging the general public and the country’s institutions.

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L’Oreal to invest $383 million in Indian beauty tech hub

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January 21, 2026

French cosmetics giant L’Oreal said on Wednesday it will set up a beauty tech hub in the south Indian city of Hyderabad with an initial investment ⁠of over 35 billion rupees ($383.4 million).

L’Oréal

The hub aims to be a global ⁠base for AI-driven beauty innovation, create 2,000 tech jobs through 2030, and speed up the rollout of ‍advanced ‌AI beauty solutions, the company said in a ⁠statement.

Nicolas Hieronimus, L’Oreal’s ‌CEO, and the state government of Telangana ‌formalized the partnership at the World Economic Forum, Davos.

Telangana has rapidly emerged as a key investment and technology hub in southern India.

Bilateral ‍trade between India and France stood at $15 billion in 2024, and Indian Prime Minister ‌Narendra ⁠Modi ​and French President Emmanuel Macron have ⁠been ​forging warmer ties.

The two sides have also been working to recast their tax treaty since ​2024 to modernize it by adapting global standards on tax transparency, Reuters ⁠reported in December.
 

© Thomson Reuters 2026 All rights reserved.



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