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Dsquared2 to cut approximately 40 jobs

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October 20, 2025

Dsquared2 is facing challenges. The brand, founded by Italian-Canadian twin brothers Dean and Dan Caten, announced a “strategic reorganisation across its global offices” in a statement, a move which will affect approximately 40 roles.

Dean and Dan Caten at the end of the Dsquared2 fashion show – Autumn/Winter 2025/26 – Womenswear – Milan – ©Launchmetrics/spotlight

In Milan, this process will follow a collective redundancy procedure, conducted in full compliance with all legal requirements, the Dsquared2 Group assures. The company adds that it will “work in close partnership with trade unions to ensure fair treatment and comprehensive support for all affected employees” throughout the transition period, “reflecting the company’s enduring values and commitment to its people.” The procedure is expected to be completed by early 2026.

Dsquared2 states that it has had to respond to the evolving market landscape, as “the fashion industry continues to face profound and complex challenges, impacting brands across the globe. Dsquared2, with its legacy of bold creativity and resilience, is once again stepping forward to meet this moment with determination and clarity.”

Finally, the Caten brothers emphasise that the decision, “though difficult, is a proactive step towards strengthening the Group’s operational structure and positioning it for long-term success”, as part of a transformative journey for Dsquared2, which “embraces change, drives innovation, and reinforces its foundation for sustainable growth.”

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Delsey appoints Gilles Bariguian as global chief executive

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December 10, 2025

Delsey turns its focus to international markets. The luggage brand has just announced the appointment of its new global managing director, Gilles Bariguian. He will lead the group into a new phase of accelerated international expansion, a move upmarket, and towards profitable growth as the brand approaches its 80th anniversary in 2026.

Gilles Bariguian brings extensive experience in luxury and international markets – Delsey

“I am delighted and honoured to be working with the teams to elevate the brand and open a new chapter of global development in a rapidly changing mobility market. Delsey is no longer just a travel brand; it now caters to every moment of mobility, a market that has evolved significantly since the Covid-19 period,” said Gilles Bariguian.

Diversifying its international presence

With 20 years’ experience at Procter & Gamble across four continents, and roles at Guess EMEA, Etoile Group (specialising in luxury in the Middle East), and Cenomi (a department-store chain in Saudi Arabia), Delsey’s new global managing director will be tasked with steering the Parisian brand’s international expansion. At the same time, he will continue his consulting work with the Saudi Fashion Commission and its 100 Brands programme.

With its strongest presence in the US (2,561 points of sale) and Europe (1,688), the brand counts just over 300 points of sale in Asia and 111 across the Arabian Peninsula.

Beyond international expansion, the objectives of the new global managing director are to accelerate digital transformation, broaden the product portfolio, and build sustainable, profitable growth for Delsey, a company founded in 1946.

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Amazon to pay 510 million euros to settle tax probe in Italy – sources

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December 10, 2025

Amazon has agreed with Italy’s tax collection agency to pay 510 million euros ($582 million) to settle a tax dispute in the country, two sources close ⁠to the matter said on Wednesday.

Amazon logo is seen in this illustration created on February 11, 2025 – REUTERS/Dado Ruvic/Illustration/File Photo

However, in an unusual ⁠development, Milan’s prosecutors are in disagreement with the accord between the revenue agency ‍and ‌the U.S. tech company and plan ⁠to continue their ‌investigation, two other sources ‌said.

The prosecutors, who suspect evasion amounting to some 1.2 billion euros related to 2019-2021, expect to wrap up ‍their probe early next year, according to the second two sources ‌familiar ⁠with ​the investigation.

The prosecutors are also ⁠conducting ​two other investigations into the company – one involving alleged tax evasion ​relating to 2021-2024, and another involving alleged customs and tax ⁠fraud involving ⁠Chinese imports.

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Topshop in Myer deal for Australia comeback

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December 10, 2025

Topshop will be back in Australia from next February with a comeback launch in all 56 of key department store retailer Myer’s stores.

Cara Delevingne, the face of Topshop’s revival – Topshop

It’s the latest development in a relaunch story that has seen it inking online and physical store deals in multiple countries. It’s currently available physically in the UK, Ireland, Belgium, France, Denmark, Germany, the Baltic states, and Spain, and is continuing a long-term link-up with Nordstrom in the US. It’s planning around 20 international relaunches in 2026.

As with its relaunch in other countries, the Australian offer will be built around “sharp tailoring, statement outerwear and reworked denim” with long-time popular jeans styles.

Topshop’s brand director Henrik Matthiesen called the Myer deal an “important milestone as we reintroduce Topshop to the world. Working with Myer allows us to bring our renewed vision to the Australian market with energy, relevance and a stronger connection to how people want to dress today, all while building on Topshop’s iconic British heritage”.

And the department store chain’s chief merchandise officer Belinda Slifkas highlighted how the retailer is continuing to “refresh and elevate our womenswear offering with globally relevant, fashion-forward labels. We’re seeing a growing number of younger customers choosing Myer, and with Topshop’s arrival, we’re confident this will further strengthen our appeal and deepen our connection with this customer group”.

Topshop was last available in Australia as far back as 2020 and its return to the market will also see it available online there as well as in physical stores.

Its relaunch this year has grabbed headlines all the way as it has staged high-profile events like its Trafalgar Square runway takeover in the summer. It has also attracted plenty of interest by linking up with higher-end retailers such as Liberty, Printemps Haussmann, and Magasin du Nord.

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