The EU Commission said on Tuesday it has fined fashion brands Gucci, Chloe, and Loewe a combined 157 million euros ($181.52 million) for fixing resale prices, in breach of EU competition rules, adding that this kind of anticompetitive behaviour increases prices and reduces choice for consumers.
Monogram accessories by Gucci
“In particular, the three fashion companies interfered with their retailers’ commercial strategies by imposing restrictions on them, such as requiring them to not deviate from recommended retail prices; maximum discounts rates; and specific periods for sales,” the Commission said in a statement.
Gucci-owner Kering said the EU probe was resolved following a cooperation procedure with the brand and the financial hit was provisioned in the group’s 2025 first-half results.
Richemont, which owns Chloe, and LVMH, the owner of Loewe, did not immediately reply to a request for comment.
French eco-conscious footwear brand Zeta has expanded its range to include smart shoes with its latest collection, Saudade, which it is showcasing at its pop-up at 3, rue Sainte-Croix-de-la-Bretonnerie, in Paris’s Marais, from November 5 until December 29, 2025.
Zeta steps into Paris with a year-end pop-up – Zeta
This move is very recent and, in its first two months, the new product category accounted for 20% of sales. It has also increased the number of Zeta’s manufacturing partners, with the brand producing exclusively in Portugal. It now works with five factories: two dedicated to trainers and three to shoes (loafers, ballet flats, and smart shoes). The brand also plans to include sandals in its next summer collection.
Portuguese at heart
When Laure Babin talks about Portugal, her long-standing attachment to the country is clear. This bond has been forged over the course of the Zeta adventure. Today, the entrepreneur and designer travels there several times a year, and the manufacturers have become ‘friends’. She is also supported in the creative process by a professional based in Portugal. The brand’s latest collection, entitled ‘Saudade’ (‘nostalgia’ in Portuguese), is inspired by the country’s time-honoured craftsmanship.
The brand presents its latest collection, entitled ‘Saudade’ – Zeta
Zeta’s creative approach is complemented by collaborations- for example with ready-to-wear label Émoi Émoi in 2024. Laure Babin also plans to announce a new collaborative release soon. Her dream partnership is to work with Flotte and develop rain-ready versions of the brand’s shoes. The brand also boasts a ready-to-wear range of essentials and recycled fleece jackets.
From grape pomace to coffee grounds
This stronger presence in Portugal is linked to the brand’s sustainability commitments, which have set it apart through the use of materials derived from agricultural waste. It began with grape pomace (for leather), then maize (for textiles), before collaborating with Nespresso on coffee grounds in 2022. After eight months’ work with a Portuguese manufacturer, the brand secured exclusive rights to the material for one year, before its availability was opened up to other market players. In 2023, the brand decided to move into leather made from olive pomace, the name given to the waste from oil production.
The brand bases all its production in Portugal – Zeta
With these commitments, Zeta hopes to secure B Corp certification and entreprise à mission status in 2026, as it prepares its applications. Securing these labels would mark a major step forward for this Bordeaux-based brand, founded in 2020 by Laure Babin, then a master’s student in management at IAE Bordeaux. Incubated at the Cité Numérique de Bègles in Nouvelle-Aquitaine during its first year of activity, the start-up was launched thanks to a crowdfunding campaign, enabling it to sell 3,000 pairs of shoes. Today, Zeta has grown, and is driven by a team of eight, regularly supported by freelancers.
Footwear, an important lever for sustainable action
Why shoes? The answer is simple: footwear is typically polluting and universally consumed. It therefore represents a powerful lever for sustainable action. More than five years after its founding, the eco-conscious label is distributed in France, Italy, the US, and Asia through a network of 70 retailers. Born as a DNVB, Zeta was able to move into wholesale from its first year, with the support of the Cité du Vin in Bordeaux, which still sells its shoes. While the post-Covid era brought a new lease of life to physical retail, Zeta is now reinvesting in digital, at a time when the market is tightening.
Zeta tests the waters in Paris, where its target clientele is concentrated – Zeta
Even so, its Paris pop-up is an opportunity to test a direct presence in the French capital- favourable ground for its development, since Zeta’s target is urban 30- to 35-year-olds in the CSP+ bracket. ‘The response has been very positive so far,’ says Laure Babin. The pop-up enables the brand to meet its customers and reach an international clientele, showcasing its bestsellers and winter collection. This year, for the first time since its creation, the brand faced the issue of dormant stock and took part in Black Friday to clear it.
Protecting sustainable European businesses
‘We’re well established in the trainers sector,’ says Laure Babin, despite an ‘uncertain’ climate marked by falling purchasing power and unfair competition. Zeta has joined the complaint against Shein brought by the Fédération Française du Prêt-à-Porter Féminin (FFPAPF). This competitive pressure is particularly tough for the label, which intends to keep production in Portugal.
The brand now sells loafers, ballet flats and smart shoes – Zeta
At the end of 2024, the company organised its first fundraising round and raised €600,000, from its community but also from figures such as William Hauvette (founder of Asphalte), Philippe Berland (former CEO of La Redoute), and some of the founders of the green bank Green-Got. A crucial boost to accelerate its operations.
For the 2025 financial year, which ended last August, the company achieved annual growth of 20%, despite profitability challenges. Sales momentum is set to accelerate in the current financial year, reaching +70% by August 2026.
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In February, the French low-impact clothing brand Faguo will launch several thousand T-shirts and a sweatshirt produced by Losanje, a specialist in the industrialisation of upcycling for clothing and accessories.
Faguo x Losanje
For this series, Faguo has opted to produce Lugny T-shirts, featuring the brand’s tree logo on the chest, along with the Dirac hooded sweatshirt. The former, available in blue and dark green, is priced at €60, while the latter, in blue, costs €105. The pieces were made from garments collected at sorting centres in France and across Europe, then cut and assembled by Faguo’s teams.
“We felt it was important to choose our iconic pieces for this collaboration, to help shift perceptions of upcycling,” Anaïs Barry, Losanje’s marketing and communications director, tells FashionNetwork.com. “Our aim is always to dress people with the smallest possible environmental impact. With upcycling, we reduce that impact by a further 90% compared with a standard Faguo garment. But we’re also counting on the pieces appealing in their own right as products.”
For Losanje, the stakes are high. The French company, whose aim is to prove that upcycling can be an industrial alternative to producing new clothes, has delivered what could be, in Europe and worldwide, the first 100% upcycled collection produced in several thousand unique pieces, according to Simon Peyronnaud, president and co-founder of Losanje.
“We’ve already released drops with brands such as Miu Miu and Marine Serre, collaborations that involved dozens or hundreds of pieces,” explains the executive. “This time, we’re looking at genuine repeatability. It’s been a highly instructive collaboration, and one we have high expectations for, to demonstrate that we can source existing materials here at home rather than from cotton fields.”
Faguo x Losanje
Losanje claims to have reused over 320 tonnes of textile products in five years via upcycling, through collaborations with the SNCF, La Poste, the Comité Paris 2024 and Roland-Garros, among others. To support its growth, the company recently inaugurated a new factory in Nevers, in the Nièvre department.
“We’re moving from a 700-square-metre industrial workshop to a real 2,500-square-metre factory, purpose-built to take us to the next level,” explains Simon Peyronnaud, whose company currently employs 25 people. He hints at several ongoing projects with brands and groups keen to invest in an upcycled offering.
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Morleys, the small UK department stores chain, has announced a new CEO and another tweak to its top team.
Morleys
The company — which owns the Morleys stores, as well as Elys and Jollys — said this week that Allan Winstanley will be stepping down from his role as CEO at the end of this month, “following a successful tenure leading the business”.
In his place, it has named Ray Clacher to the top job, effective 5 January. It said he “brings extensive experience across the retail and fashion sectors”.
Most recently, he was chief commercial officer at BrandAlley and before this, he held senior leadership roles within the Li & Fung Group, including group managing director for Gieves & Hawkes, Kent & Curwen and Cerruti 1881.
Earlier in his career, he worked at UK retail businesses DH Evans and House of Fraser, “giving him a deep understanding of the UK department store landscape”.
Clacher said it’s an “exciting time” for the group with the reopening of its Jollys store in Bath planned for August 2026.
He added: “The business has a proud history and a strong position in the UK department store market, and I look forward to working with the team to build on this success and drive growth in the years ahead”.
The company’s chairman Bernard Dreesmann said that his “breadth of experience across premium fashion, commercial retail and department stores makes him exceptionally well placed to lead Morleys into its next chapter”.
Buying director Daren Gittins “has also decided to take a planned break from the business to pursue his passion for travel” as of the end of April 2026.
He’s spent 13 years with Morleys and “has played a pivotal role in shaping the department store group’s buying strategy”.