Copenhagen International Fashion Fair returns August 5
With the aim to create opportunity for businesses amidst changing market conditions, this summer's edition signals a renewed commitment to emerging markets, with a 25% increase in focus on Asia, the Middle East, and the fast-growing Eastern European fashion consumer market.
Likewise, a key highlight for 2025 is the launch of CIFF Media, a new content platform that will deliver year-round industry leaders and market insight, through an all-video social and online channel. Designed to elevate the reach and resonance of the fair, CIFF Media layers digital storytelling atop physical experiences, offering brands and buyers a second-to-none support network.
'Now is the time for us to be bold, invest, and create a trade platform that innovates strategically to not only support, but power growth for brands,' said Sofie Dolva, director at CIFF.
'When the industry says 'challenge' we hear 'opportunity' and set about planning how we can look at the landscape differently, do more, and fulfil of commitment to the industry of being the best possible international hub for the fashion industry to come together and do business.'
This year's edition will also feature collaborations with The CFDA, Pitti Uomo, and ISPO, the world's largest sports trade fair, bringing curated brand showcases to Copenhagen. The fair equally works in close alliance with Copenhagen Fashion Week, DM&T (the Danish Fashion and Textile association), and Creative Denmark.
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Euronews
08-08-2025
- Euronews
Which nations have the highest and lowest minimum wages across Europe?
Millions of workers across the EU continue to earn minimum wage. The thresholds are intended to provide a basic standard of living for workers, although the levels have often failed to increase with inflation. As of July 2025, the monthly minimum wage before deductions in the EU ranged from €551 in Bulgaria, to €2,704 in Luxembourg, according to Eurostat. When EU candidate countries are included, Ukraine has the lowest minimum wage, at just €164. Five EU countries—Italy, Denmark, Sweden, Austria, and Finland—do not have a national minimum wage at all. Though Luxembourg ranks at the top and Ukraine at the bottom, when adjusted for purchasing power, how does the minimum wage across Europe compare country by country? Gross minimum wages in Europe As the chart below shows, there are significant differences in minimum wages across Europe, and Eurostat groups countries into three wage levels. Euronews has added a fourth category which groups nations with minimum wages under €600 and includes EU candidate countries. 1- Highest Group: Above €1,500 Except for France, which offers €1,802, all other countries in the highest group pay over €2,000 in monthly minimum wage. Besides, Luxembourg, these include Ireland (€2,282), the Netherlands (€2,246), Germany (€2,161), and Belgium (€2,112). 2- Mid group: Between €1,000 and €1,500. Several countries in the mid group are just above the €1,000 threshold. 3- Low group: Between €600 and €999 4-Very low group: Below €600 Several countries, including one EU member, have minimum wages below €600. This lowest group is mostly made up of EU candidate countries. It includes North Macedonia (€584), Turkey (€558), Bulgaria (€551), Albania (€408), Moldova (€285), and Ukraine (€164). Minimum wages reflect East–West divide As the map below shows, there is a strong geographical divide in nominal minimum wages across Europe. This is most notably between Western and Eastern Europe. In general, the four wage groups reflect different regions of the EU. Countries in the highest group are mainly in Western and Northern Europe. The mid group includes several countries from Southern and Central Europe. The low and very low groups consist mostly of Eastern European, Balkan, and EU candidate countries. Role of higher productivity on wages According to Dr. Sotiria Theodoropoulou of the European Trade Union Institute (ETUI), higher productivity usually equates to sustainably higher wages and salaries in general. Economies with more industrial or financial activity tend to be more productive, and high-tech industries also typically show higher productivity levels. Higher bargaining power for workers is another factor. Minimum wage rankings shift with purchasing power When comparing minimum wages across countries, purchasing power standards (PPS) are important because the cost of living varies widely. PPS provides a fairer comparison by using an artificial currency that reflects what people can actually buy in each country. One PPS is an artificial currency unit that, in theory, buys the same amount of goods and services in every country, according to Eurostat. When adjusted for purchasing power, the wage gaps between countries become significantly narrower. For example, in Luxembourg, the minimum wage is 4.9 times that of Bulgaria — the highest and lowest in the EU. In PPS terms, this gap narrows to 2.3 times. While Luxembourg (2,035) still ranks at the top, Estonia (886) has the lowest PPS minimum wage. When EU candidate countries are included, Albania is an outlier at the bottom, with a PPS of 566. At the top, Germany, the Netherlands, and Belgium follow Luxembourg. Ireland and France come next. While Eastern and Balkan countries often rank low in euro terms, they perform much better in PPS terms. Western European countries still lead, but their advantage is smaller. For example, seven EU member states rank below North Macedonia, Turkey, and Montenegro in PPS terms. These include Malta, Hungary, Slovakia, Czechia, Bulgaria, Latvia, and Estonia. In addition to Turkey and North Macedonia, Romania also ranks significantly higher in PPS. Montenegro and Bulgaria hold relatively stronger positions as well. Estonia and Czechia are the two countries that lost the most ground in PPS rankings compared to their positions in euro terms. Minimum wages changes over the past 6 and 12 months Over the last six months, from January to July 2025, the minimum wage remained unchanged in most EU and candidate countries. In euro terms, North Macedonia recorded the highest increase at 7.7%, followed by Greece with 6.1%. Turkey saw the largest drop, with a 21.2% decline, followed by a 9.9% fall in Ukraine. In candidate countries, changes in exchange rates played a major role. For example, in Turkey, the minimum wage stayed the same in Turkish lira during this period. However, minimum wage earners have been hit hardest by the highest inflation rate in Europe. Between July 2024 and July 2025, Montenegro and North Macedonia recorded the highest increases in minimum wages, both above 20%. In contrast, Ukraine and Turkey experienced the largest declines. Among eurozone countries, Croatia saw the biggest rise at 15.5%, followed by Lithuania with 12.3%. In France, the increase was modest at just 2%. Spain and Germany recorded slightly higher gains, with 4.4% and 5.2% respectively. However, when inflation is taken into account, the real value of these increases is likely much smaller. The UK National Minimum Wage increased by 6.7% from April 2025.
Fashion Network
05-08-2025
- Fashion Network
Copenhagen Fashion Week day one: slip dresses and off-centre tailoring are key
Copenhagen Fashion Week kicked off on Monday and in its usual trailblazing way, the focus was squarely on sustainability as well as style. Deadstock fabrics and natural fibres had a starring role but the limits of sustainability didn't seem to limit the imagination of the designers. OpéraSport, established in Denmark's capital by Stephanie Gundelach and Awa Malina Stelter, opened the SS26 official show/presentation schedule. Integrating classic and contemporary styles with the sporty edge of Copenhagen, it focused on easy separates and slip dresses with the bikini top a key piece for both city dressing and vacations. Printed or appliqué flowers were also important in a low-profile palette of blues, black, white and mint green. Freya Dalsjø was back after several years away from the runway with an SS26 offer made from deadstock. The Copenhagen-based label designed by Freya Dalsjø, Karis Dalsjø and Mikkel Schou specialises in intricate craftsmanship and works solely with 'natural' materials such as wool, cashmere, silk, leather, and silver. The overall look felt season-neutral with spring grey woollens sculpted into quiet luxury coats and tunics. In fact, the off-centre tunic-easy pants combo was everywhere, as was the one-shoulder dress. Creamy whites and browns continued the neutrals-natural edge, but leather worked in multiple ways highlighted the craft at the label's heart. For instance, an intricate leather technique developed by the label saw the material cut and rolled into thin strings which are then are then finely sewn. The strings are cut into various lengths and the ends are coloured and they're knotted into a base. This is about as far from fast fashion as it's possible to get. As with OpéraSport, appliqué florals also popped up at Bonnetje (returning for the second time as part of CPHFW NewTalent), here seen on a simple slip dress in a creamy neutral sheer. And the statement slip dress was a big part of the collection whether bi-coloured and asymmetric with hi-lo hems, or cut in slight heavier materials with raw and intricate seams. But tailoring was also fundamental. The label specialises in reassembling old suits into new silhouettes. So think men's suiting with a sexier edge, the star piece being the roomy blazer. Also interesting was Forza Collective with a collection founder Kristoffer Kongshaug said is the result of more than 14 years of experience from working with both smaller houses and large corporations in Paris and New York, including Raf Simons, Christian Dior Couture, Balmain, Lanvin and Theory. It's all about a 'vision and a style rather than fashion or trends'. But trends weren't hard to find with the season's mix of tailoring and softness (yes, the slip dress again) very much on show. Here that slip was the star piece, cut asymmetrically or with some intricate gathering. Wrap effects and strategic cutouts also figured strongly with, again, a mainly neutral palette of black, white and grey, but given a pop via rich reds. The feel was entirely different at Caro Editions where occasion dressing got colourful in pink-toned lace-like sheers, multicolour polka dots and tonal stripes. There was an 80s vibe to belted dresses and jumpsuits as well as to almost-but-not-quite ra-ra minis. And the exaggerated bow was the key detail. Find it on wrap belts, the hem on polka dot pants, or feminising a pair of sneakers or tote bag.
Fashion Network
31-07-2025
- Fashion Network
Safilo up 2.3% in the first half
In the first six months of 2025, eyewear specialist Safilo posted net sales of 537.6 million euros, up 2.3% at constant exchange rates and 1.1% at current exchange rates. In the second quarter, which closed at 251.9 million euros, alongside similar growth at constant exchange rates, there was a 1.1% decline at current exchange rates, driven mainly by a weakening of the dollar against the euro by about 5%. "In the six-month period, sales in the main wholesale channels, represented by independent opticians and retail chains, recorded high-single-digit growth. The online business showed moderate growth, holding steady at around 16% of revenues. Solid growth in Smith's direct-to-consumer channel and continued strength in sales to pure-player Internet customers offset the underwhelming performance of Blenders' e-commerce," the company explained in the press release issued. Geographically, sales in North America totaled 220.9 million euros in the six months, up 2.8% at constant exchange rates and 1.5% at current exchange rates; second-quarter sales of 102.1 million euros were up 4.8% at constant exchange rates but down 1.1% at current exchange rates. Europe ended the half year slightly up (+1.7%, both at constant and current exchange rates), totaling 243.1 million euros, while the second quarter was essentially stable (+0.5% at constant exchange rates and +0.4% at current exchange rates) at 114.2 million euros. In the second quarter, France continued to be the main growth engine in the region; the Northern and Eastern European markets also continued to show good dynamism, driven by the group's main owned and licensed brands. As for the first six months, performance was supported by double-digit increases for David Beckham, Tommy Hilfiger, Boss, and Marc Jacobs, with solid results in both optical frame and sunglass collections. Asia Pacific is the fastest growing region, with +14.7% at constant exchange rates and +14.1% at current exchange rates in the first half (30.2 million euros) and +11.5% at constant exchange rates and +8.2% at current exchange rates in the second quarter (15.7 million euros). In the rest of the world, sales in the second quarter of 2025 stood at 19.8 million euros, down 5.2% at constant exchange rates and 14.9% at current exchange rates. The area's performance was mainly affected by a slowdown in business to distributors in the Middle East, in a market environment made difficult by geopolitical tensions. In contrast, sales in Latin America grew in the second quarter, thanks to the good recovery of business in Mexico. In the first half of 2025, sales in the Rest of the World totaled 43.5 million euros, down 3.8% at constant exchange rates and 10.8% at current exchange rates. In terms of margins, Adjusted EBITDA for the first half of the year was 62.3 million euros, up 8.1% (accounting for 11.6% of sales), while EBITDA for the second quarter rose 9% to 27.9 million euros (11.1% margin).
