Modaes Global | Fashion business news

The Chinese company specialized in jewelry closed 2025 with a 17.5% drop in sales, but has boosted its margins and increased operating profit by 9.8%, after redoubling its commitment to premium stores and fixed-price gold.

Japanese Label Comme des Garçons Sets Sights on Latin America With São Paulo Debut

The Japanese fashion brand will open a store in the Iguatemi São Paulo shopping mall, which specializes in luxury and where brands such as Balenciaga, Loewe and Chanel already operate. The opening is scheduled for May 2026.

The French luxury house of giant LVMH becomes an official partner of the Spanish white club for institutional events and travel, with a tailoring collection designed by creative director and music producer Pharrell Williams.

Inside LVMH’s Startup Bet: The Tech Disruptors Backed by Bernard Arnault

The French luxury group LVMH has awarded innovation at the Vivatech trade show in Paris, highlighting technological solutions that reshape the future of fashion and luxury, from agricultural traceability to digital body language.

Mango Cuts Nearshoring to 36%, Total Garment Output Up 7%

The Spanish fashion company worked in 2024 with a total network of 2,676 factories, of which 966 were located in close proximity. China is the company's main supplier, accounting for 36.85% of its sourcing.

H&M Inches Into Premium Territory With Kidswear Focus, Galeries Lafayette Tie-Up

The Swedish fashion retail group continues to raise its positioning and is making its debut in French department stores to attract a new premium clientele. After the summer, it will open a new flagship store in Le Marais.

The son of Mango's founder will now be in charge of the Andic family's assets and will remain vice-president of the Catalan company. The group creates a macro product area that encompasses all its lines.

The Canadian sportswear retailer will generate up to 20% of the fibers in its product portfolio from recycled materials sourced from Samsara Eco, in which it acquired a stake two years ago.

Poundland Sold to Gordon Brothers as Pepco Group Streamlines Portfolio

The low-cost fashion group has sealed the sale of its food chain to the company and has obtained an 80 million euro loan from the investment fund to support the new roadmap outlined in the company's plans.

The executive is reportedly working on the dissociation of his functions as Chairman and CEO, a position for which he is seeking a replacement in order to address the upcoming repositioning of the group.

Inflation in the fashion and footwear sector remains on a downward trend, despite the tariff pressures that are affecting companies in the sector. In May alone, fashion prices fell by almost 1%.

The U.S. giant is teaming up with Indian brand NorBlack NorWhite as part of its new offensive in the country. The collaboration fuses sporty functionality and textile tradition with bandhani technique.

The French stock market regulator has sanctioned Shandong Ruyi's environment for manipulating information and failing to declare changes in shareholdings. The ownership structure of Smcp as a whole has been in dispute since 2021.

The Galician group that owns Zara has started fiscal 2025 with a weak increase in sales and a flat net income performance. The group keeps gross margin under control, but has challenges ahead.

More than half of European consumers are pessimistic about their economies, while the number of people who are confident they can maintain their standard of living for the rest of the year is falling, according to BCG's latest report.

The recycled fiber supplier has introduced a latest line of fabrics made from citrus waste, replacing the use of virgin wood and debuted in a piece from Loewe's summer collection.

The private equity fund backed by the LVMH conglomerate launches its first investment vehicle focused on Japan. The operation plans to support around ten local companies in sectors such as beauty and retail.

The U.S. group, owner of brands such as Reebok, Quiksilver and Champion, has launched a new headquarters in the Asian giant's city to accelerate its expansion in the Asia-Pacific region.

The Spanish fashion company, focused in a strategic plan until 2029, has announced the launch of a new limited edition line, which will be presented at a company fashion show in early September in Barcelona.

The U.S. sportswear company specializing in the practice of yoga continues its international expansion plans with the opening of a store in the Brazilian city of Sao Paulo.

The effects of the exchange rate and the impact of the leap year in the quarter weighed on the growth of the multinational, owner of Zara: discounting both effects, year-on-year growth stood at 5.3%. Gross Margin Reaches €5.01B

Just over twelve months after it passed the first test in the country's lower house, the anti-Shein bill today got the green light from the Senate as well, with a total of 337 votes in favor and only one vote against.

The Italian intimate apparel manufacturer, which filed for insolvency early last year, announces the closing of the sale and purchase transaction that will allow the company to continue with the continuity of its business.

The U.S. company thus maintains the good performance with which it closed the full year in 2024, when it posted record results, although it has already announced some measures to deal with commercial volatility.

The optics division of the French luxury specialist company has announced the purchase of Italian sunglasses and optical products company Lenti as part of its industrial development and market presence.

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President and CEO of LVMH

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CEO of Karl Lagerfeld

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Head of Southern Europe in Esprit

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Tommy Hilfiger Makes a Stylish Return to Formula 1 With Cadillac Debut

Fondation Cartier Ushers in a New Era in Paris, Bridging Art, City, and Memory

The French luxury jewelry foundation inaugurates its headquarters in the former Grands Magasins du Louvre with an exhibition of 600 works that reviews its forty years of history from the crossroads between art, science and urban landscape.

Zegna Strengthens Its Partnership with Art Basel Through Multiyear Agreement

This year, Art Basel will feature fashion houses Zegna, Hugo Boss and Bulgari. Zegna announces multi-year collaboration, Hugo Boss debuts official awards and Bulgari joins as a partner of the Venice Biennale.

Loewe Craft Prize 2025 Crowns the Most Extreme Sculpture of the Competition

Japan's Kunimasa Aoki wins the Loewe Craft Prize 2025 with a ceramic work pushed to the limit. Among the 18 finalists, the competition also recognizes artists from India and Nigeria for their creative techniques.

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Chow Tai Fook Boosts Margins and Operating Profit Despite 17.5% Sales Decline

Japanese Label Comme des Garçons Sets Sights on Latin America With São Paulo Debut

Louis Vuitton Teams Up With Real Madrid as It Expands in High-End Sports Marketing

Inside LVMH’s Startup Bet: The Tech Disruptors Backed by Bernard Arnault

Mango Cuts Nearshoring to 36%, Total Garment Output Up 7%

H&M Inches Into Premium Territory With Kidswear Focus, Galeries Lafayette Tie-Up

Mango’s Jonathan Andic Steps Back From Daily Operations to Focus on Family Holdings

Lululemon Commits to Decade-Long Partnership With Samsara Eco to Boost Circularity

Poundland Sold to Gordon Brothers as Pepco Group Streamlines Portfolio

Kering’s François-Henri Pinault Reportedly Preparing Succession After Two Decades at the Helm

U.S. Fashion Prices Continue to Fall Even as Tariff Pressures Loom

Nike Strengthens India Presence With Local Partnership After Years of Restructuring

SMCP Hit With €1.7M Fine for Former Chinese Shareholders’ Concealment of Stakes

Inditex Stumbles: Five Key Pressures Driving Slowdown

Fashion Hit Hardest as European Consumer Confidence Dips

Loewe Goes Zesty: Paula’s Ibiza Collection Features Pyratex Citrus Textiles

L Catterton Launches $315 Million Fund to Invest in Japanese Companies

Authentic Brands Expands Asian Footprint With New Shanghai Hub

Desigual Debuts Studio, a Premium Line Backing Its Repositioning Efforts

Alo Yoga Expands Latin American Footprint With First Store in Brazil

Inditex Slows in Q1: Marginal Growth in Sales and Profit

French Senate Cracks Down on Ultrafast Fashion with Anti-Shein Law

La Perla Changes Hands: American Peter Kern Takes Control of the Company

Urban Outfitters Closes First Quarter With Double-Digit Gains in Sales and Profit

Kering Eyewear Seals Acquisition of Italian Manufacturer Lenti