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flag Belgian IKKS unit files for bankruptcy, closing stores and cutting jobs, while Saks secures $1B loan to stabilize.

flag The Belgian subsidiary of French fashion brand IKKS has declared bankruptcy, closing about ten stores and eliminating dozens of jobs, though franchisees may remain open. flag Saks Global secured a $1 billion emergency loan as part of a $1.75 billion financing package to stabilize operations. flag In Germany, Pepco exited insolvency after cutting nearly half its stores and workforce, while Shein removed climate-neutral claims under regulatory pressure. flag H&M posted stronger-than-expected profits despite falling sales, and Zalando is expanding generative AI use in fashion retail. flag Belgium’s Les Jumelles grew from a garage startup into a recognized brand with physical stores and international B2B expansion.

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