Modaes Global | Fashion business news

The Spanish industrial giant, undergoing a strategic transformation, opened a new plant in Central America last year, setting sights on becoming a pivotal supplier for US enterprises.

The American company has ended its partnership with NBA star Stephen Curry’s brand, aiming to streamline its recovery strategy by focusing on its own namesake label.

El Palacio de Hierro Marks a Decade of Its Flagship Store in Mexico City

A decade post-renovation, the prestigious department store’s flagship on Moliere Avenue 222 remains a magnet for luxury aficionados, showcasing elite offerings from Dior, Hermès, Chanel, and LVMH since 1997.

In a bid to sidestep heightened regulatory scrutiny, the e-commerce titan claims it should not be labeled as a Very Large Online Platform (VLOP) under EU regulations.

Richemont Thrives Amid Luxury Slowdown: Reports Fourfold Profit Increase

In the face of global turmoil, the world’s second-largest luxury conglomerate sees profits soar, outperforming industry giants like LVMH and Kering. Richemont attributes its success to a “moderate” pricing strategy.

Making its initial foray into the Latin American market, the American group has secured a minority interest in Xinú, the premium Mexican fragrance house, though financial details remain undisclosed.

As Inditex’s most competitively priced label, Lefties is projected to reach profitability in 2024, thanks to its rapid expansion and market success, earning it the title of the group’s most dynamic brand. With an impressive tally of over 200 stores, Lefties is leading the charge in accessible fashion.

After securing Woolrich in a €90 million deal, BasicNet co-CEO Alessandro Boglione explains how the brand’s legacy, product strength and European focus support a long-term vision built on steady expansion rather than rapid returns.

Desigual’s Fashion Journey: From Lacroix to Egonlab in Search of the Elusive ‘Je Ne Sais Quoi’

Spanish company has spent over a decade using France as its creative laboratory and aesthetic proving ground through collaborations. Now, amidst a brand repositioning and return to profitability, the company unveils a new partnership.

Celebrating a decade since establishing its first sustainability goals, the outdoor fashion company has published a unified report, highlighting its strides and hurdles in eco-conscious fashion.

In late October, the European Parliament rejected the proposed agreement with the European Commission, delaying the regulatory simplification and decreasing the count of companies subject to Due Diligence and sustainability reporting.

With a £237.5 million loan package under its belt, the UK group eyes enhanced financial agility as it navigates the final stages of a restructuring that has successfully slashed losses by 50%.

The smaller chain of the Spanish powerhouse, is poised to make its mark in Düsseldorf’s bustling commercial hub as part of its European expansion.

Spearheaded by the former CEO of H&M, the innovative materials firm is expanding its leadership roster, welcoming a new Chief Technology Officer, Chief Financial Officer, and Communications and Public Affairs Director.

In a bid to steer clear of the September Formula 1 hustle, the Spanish event of fashion, footwear, and accessories will hold its inaugural 2026 event in February, with the summer edition now set for July.

The U.S.-based conglomerate behind The North Face, Vans, and Timberland aims to slash its debt by up to 21% with a transaction valued at $600 million. The sale was unveiled last September.

The Italian group has indefinitely delayed the release of its financial results for the period, pending the outcome of its application for a preliminary arrangement with creditors, submitted earlier in October.

The British company has wrapped up the period with sales totaling 1.032 billion pounds ($1.35 billion) and an adjusted operating profit of 19 million pounds ($24.9 million), marking a rebound after two years of decline.

The Italian shoe-maker embarks on a restructuring journey to secure its EBIT margin at year-end, while forecasting a high single-digit fall in sales.

Mexico’s premier shopping bonanza has firmly cemented its status as a commercial landmark. This year’s edition is forecasted to hit a record-breaking sales target, surpassing $10 billion.

Kim Kardashian and Jens Grede’s company, backed by fresh financial resources, is set to extend its business avenues, diversify products, expand its store network, and push for international growth.

Turin’s fashion powerhouse, holding brands such as Kappa, K-Way, and Superga, has secured the European rights and 100% control of Woolrich Europe from L-Gam, with expected sales reaching €90 million by 2025.

The French designer, honed in Antwerp and founder of Atlein, with stints at Balenciaga, Givenchy, and Saint Laurent, is appointed to lead the creative renaissance of the Mayhoola-controlled fashion entity.

Peter Bragdon and Joseph Boyle step into co-presidency roles at the American sportswear titan, as the company lays the groundwork for Timothy Boyle’s succession after his impressive four-decade tenure.

Italian footwear giant, owned by British private equity firm Permira, is nearing a deal with HongShan Group, the company behind PopMart, with a transaction expected in the coming weeks.

The German group has inked a long-term licensing deal with ULAC, previously holding a 49% stake in Puma’s subsidiary that spearheaded the business, managing production and distribution in the region.

The American fiber development company has broadened its manufacturing footprint in Asia, unveiling a second plant as part of its largest investment in the region, valued at over $98 million.

The next-generation materials company is set to raise between $500 million and $700 million by 2026, bolstered by a recent purchase agreement with sportswear titan, Nike.

Italian conglomerate continues its shopping spree by bolstering its home textiles division with Kasanova’s 700 stores, currently facing financial headwinds. OVS already has a foothold in the sector with its Croff chain.

The deal, set to be finalized next month, aims to bolster the financial framework of the Italian brand, which is 70% owned by a Qatar-backed investment fund and 30% by the French luxury powerhouse.

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Giorgio Armani’s ‘Crossroads’ Returns: A Tribute to Five Women’s Stories

LVMH Brings Caillebotte Paintings to Its Iconic New York Location

The luxury brand’s foundation furthers its partnership with Paris’s Musée d’Orsay while securing a new alliance with Los Angeles’ Getty Museum. This collaboration has resulted in the acquisition of two Caillebotte masterpieces now showcased in their flagship.

K-Way’s 60-Year Journey: A Fashion Retrospective in a New Special Edition Book

Founded by L. Claude Duhamel in 1965, the iconic French brand marks its 60th anniversary with a captivating book that chronicles its journey from inception to present through archival materials and designer contributions.

From Fashion to Living Spaces: Margiela’s Bold Move into Dubai’s Palm Jumeirah

French luxury maison embarks on its inaugural venture into the residential sphere with 25 exquisite villas nestled in the heart of Palm Jumeirah, marking a strategic expansion into the Middle East, where a new boutique is also on the horizon.

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Authentic Brands Eyes Acquisition of Italian House Missoni to Bolster Luxury Portfolio

LVMH Strengthens Watch Division with Stake in Swiss La Joux-Perret

On Boosts Sales Through September Despite 11.8% Earnings Dip Due to Rising Costs

Asics Reports Over 30% Profit Leap by September, Revises Forecasts Upward

Fashion Industry Curbs Black Friday Discounts to Navigate Tariff Impact

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Falabella’s Fashion Surge: Sales Climb 9.4% with Profit Boost Through September

German Retail Giant Kadewe Appoints New General Manager Amid Legal Turmoil

Leggings Out, Denim In: Jeans Market Poised for a 42% Surge by 2030 Amid Cotton Price Hike

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