Ssense announce on Monday its co-founders, Rami Atallah, Bassel Atallah, and Firas Atallah will retain control of the Canadian luxury e-commerce platform after the firm filed for bankruptcy protection in September.
Ssense
The founding trio, in partnership with a Canadian multi-family office, have been selected as the successful bid in the Court-supervised Sale and Investment Solicitation Process conducted under the Companies’ Creditors Arrangement Act (CCAA). The parties have entered into a definitive purchase agreement, which is slated to finalise no later than February 13.
“The day-to-day leadership remains unchanged with our existing executive team under the transaction,” the company said in an internal memo.
“This outcome will allow us to provide continuity and stability for our customers, suppliers, partners, and you, our employees.”
The sale follows a troublesome period for Ssense. In May, the company axed 100 positions, as the firm tried to lower overheads amid the luxury slowdown affecting demand for high-price goods, especially more younger, aspirational luxury shoppers — Ssense’s target market.
In September, it filed for Canada’s equivalent of bankruptcy protection, owing more than $200 million in debt to banks and brand partners. The filing also served to fend off a legal manoeuvre by the company’s creditors to force a sale.
Ssense was founded in 2003 by Atallah and his brothers, Firas and Bassel, under the company name, Groupe Atallah Inc. In 2021, the luxury retailer received a minority investment from Sequoia Capital for a post-money enterprise value of more than $3.6 billion, according to an announcement at the time.
Apparel retailer Lululemon Athletica said on Monday it expects fourth-quarter revenue and profit to be toward the high end of its previous forecast range on the back of strong demand during the holiday season.
Lululemon
Shares of the company were up about 1% in premarket trading. They had fallen nearly 46% in 2025.
The positive forecast comes as Lululemon contends with challenges, including a proxy fight launched by its founder Chip Wilson, while striving to reignite demand from young and affluent shoppers amid stiff competition and pressure from activist investor Elliott Management.
The athleisure maker had previously projected fourth-quarter revenue to be between $3.50 billion and $3.59 billion, and earnings per share in the range of $4.66 to $4.76.
Eleven years after its launch, French menswear brand Seagale is still going strong. 2025 was a pivotal year for the Toulon-based brand, which worked to consolidate its commercial and operational infrastructure, and generated a revenue of €6 million. Seagale, founded in 2014 by Bertrand Durand-Gasselin and Matthieu Rivory, is hoping to grow this figure to €8 million in 2026.
Seagale was founded in Toulon, France, in 2014 – Seagale
“In 2025, we worked on several not-so-visible but crucial projects: we launched a new, better-performing website, and we deployed new POS systems for our stores, new ERP solutions for our logistics, and new CRM tools to boost customer loyalty, so as to be able to smoothly scale up the business,” said Durand-Gasselin.
Direct retail a strategic mainstay for Seagale
In 2025, Seagale also strengthened in-store customer service, placing more emphasis on the role of its retail staff as product experts, spending more time on advising customers, assisting with fittings, and promoting a free alteration service for trousers.
In 2025, Seagale generated a revenue of €6 million – Seagale
Seagale, distinctive for its high-performance, minimalist outfits, sells only through the direct retail channel, via its e-shop and four monobrand stores. The first store was opened in Toulon, followed by one in Paris in 2021, and by stores in Nice and Lyon in 2024. The latter two have made successful inroads with their clientèle: the Lyon store is appreciated by urban professionals who like Seagale’s versatile clothes, while the Nice clientèle is attracted by lifestyle and travel items, suited to both tourists and locals.
New stores planned in 2026
Through its own stores, Seagale is able to offer good value for money for items made with “increasingly expensive” high-tech materials, while keeping in close touch with its community. In 2026, the brand is planning to open one or two new stores, “perhaps a second one in Paris, but we’re also looking around Bordeaux and Toulouse,” said Durand-Gasselin.
A second Seagale store is likely to open in Paris in 2026 – Seagale
“We have everything we need to make [2026] a successful year,” said Durand-Gasselin, adding that “what makes us especially proud is that we’re constantly growing while remaining a profitable, 100% self-financed company. This rare freedom allows us to build the brand exactly as we wish.” For the time being, Seagale has about 30 employees, between the headquarters and warehouse in Toulon and the stores’ staff.
Constant investment in textile innovation
Seagale has made a name for itself with clothes suitable for sporting activity, the office, and urban outings, and has always made innovation one of its bywords. The brand has developed fabrics for specific uses, like the 140g Performance Merino jersey, a blend of merino wool and Cordura, and the Active Stretch fabric, used to make wrinkle-free, elasticated shirts.
Seagale is widely relying on textile innovation – Seagale
Seagale is also expanding its collaborative efforts to develop exclusive fabrics, for example high-performance merino wool-nylon blends, Cordura, high-tech yarns, and specific knitwear, sourcing these fabrics chiefly in France, Spain and Italy. The garments are produced in Lithuania and Tunisia.
Seagale’s innovation drive extends beyond textiles. Since the end of 2024, the brand has started utilising AI solutions, notably in advertising.
“We’re using AI as a tool, not as an end in itself. We have two goals: increasing our agility, and finding ways to better illustrate technical concepts that are sometimes hard to showcase with classic [communication] formats,” said Durand-Gasselin. He indicated that Seagale is now relying on a combination of real pictures and AI-generated images.
Nearly 200 brands reached all-time annual sales highs on StockX in 2025, highlighting the growing influence of the secondary market across sneakers, apparel, and accessories, according to the platform’s seventh annual “Big Facts: Current Culture Index” report, released on Monday.
Scarcity and collaborations drive resale growth in 2025: StockX. – Ugg
“Our data shows that 2025 wasn’t defined by a single category or trend — it was shaped by a number of standout releases. Companies that moved quickly, prioritized innovation, and aligned with the right partners reaped the benefits,” said Greg Schwartz, StockX CEO.
“Nearly 200 brands reached all-time annual sales highs on StockX last year, from legacy leaders to emerging and independent labels. As we look ahead to 2026 and beyond, the brands that will win are those that understand scarcity, storytelling, and community — not just scale.”
Legacy sneaker brands including Nike, Jordan, Adidas, New Balance and Asics remained the platform’s top sellers for the third consecutive year, with Nike and Jordan showing early signs of recovery as average resale prices rose 5 percent and 6 percent year over year. At the same time, less conventional brands posted outsized growth, led by Mizuno, which recorded a 124 percent increase in sales, followed by Maison Mihara Yasuhiro, Saucony and Salomon.
Outside of sneakers, comfort-led and creatively driven footwear gained momentum. Ugg retained its position as the top-selling non-sneaker footwear brand, while Nike emerged as the fastest-growing in the category, fueled by demand for its ReactX Rejuven8 recovery shoe.
In apparel, Uniqlo ranked as the fastest-growing brand following collaborations with Needles and Kaws, while Skims and Adidas also posted strong gains tied to limited releases and partnerships.
Accessories continued to be shaped by scarcity. Sprayground was the only brand to rank among both the top five best-selling and fastest-growing accessories labels, with sales up 287 percent. Louis Vuitton climbed four spots to number 4, driven by strong demand for its latest Murakami collaboration.
Looking ahead, StockX expects major global sporting events to influence fashion demand in the year ahead, with the 2026 FifaWorld Cup likely to accelerate soccer’s impact on U.S. style, and the Milan Olympics presenting new opportunities for sport-fashion crossover.
Bad Bunny is also poised for a defining year, with a Super Bowl halftime performance and a fully original Adidas signature sneaker slated for release.