Modaes Global | Fashion business news

Zimmermann Sets Foot in Latin America with Strategic Launch in Mexico

Australian fashion powerhouse under Advent International’s helm makes waves with its first store opening at the newly launched Ánima Village in Los Cabos, targeting the discerning Latin American clientele.

River Island Faces Significant Losses, Embarks on Restructuring Path Through 2028

In 2024, the British retailer faced another downturn, reporting losses of 138.4 million pounds ($184.4 million). With fresh funding, the company aims to return to profitability within three years.

Kering Revamps Tailoring Strategy: Brioni and Norbert Stumpfl Diverge

Norbert Stumpfl steps down as Design Director of Kering’s storied Italian tailoring brand after seven years, in a move that underscores the ongoing creative reshuffling in the luxury industry.

L’Oréal Ups Investment in Galderma, Increasing Ownership to One-Fifth

In a strategic move, L’Oréal is poised to expand its investment in Galderma. Following its initial 10% acquisition in 2024, the company plans to finance an additional 10% stake through cash and credit lines, finalizing the deal with EQT by the first quarter of 2026.

Facing financial turbulence, the Italian fashion conglomerate behind brands such as Moschino, Alberta Ferretti, Philosophy, and Pollini, is teetering on the edge of bankruptcy, following a 27% sales dip in the first six months.

The Swedish brand with American roots, under the helm of MF Brands Group, has appointed Fredrik Malm as CEO starting December 1, succeeding Patrik Söderström amidst a strategic push in retail and licensing.

Victoria’s Secret Surges Ahead in Q3: Revenue Up 9%, Losses Down 43%

U.S. intimate apparel giant, under the leadership of Hillary Super since 2024, wraps up the period with sales hitting $1.471 billion. Third-quarter losses are pegged at $31.34 million.

Estée Lauder Bolsters Portfolio with Fresh Brands Amid Business Overhaul

The beauty conglomerate is set to diversify its geographical reach amid softening consumer demand in the US and China, aiming to expand its market share, rejuvenate its brand, and attract a broader audience base.

French shipping company to resume operations in the Red Sea, joining Maersk’s recent announcement. The Suez Canal Authority confirms safe passage amid current ceasefire conditions.

With a valuation ten times its anticipated year-end core profit, the Italian luxury brand is on the verge of acquisition by China’s HongShan fund, targeting a pre-Christmas deal.

After sealing a €90 million deal for Woolrich, the Italian group that owns Kappa has struck another agreement, taking the reins of Kickoff, the company behind California’s Sundek, valued at €33.5 million.

With eyes set on Latin America, the British fashion giant plans to bolster its presence with 45 self-operated retail locations within five years. An upcoming website launch marks its foray into the region’s digital marketplace.

The French brand unveils a cinematic journey through Brazil, highlighting its production process from the rubber forests of the Amazon to recycling initiatives with local waste-picking cooperatives.

The country’s textile industry leaders stand firmly against the Asian government’s move to bolster union activities in workplaces. Concerns are mounting over potential new protests reminiscent of the upheaval seen in 2024.

Spanish fashion brand Desigual forges a strategic alliance with Myntra to tap into the Asian market, mirroring the online strategies of Inditex, Hoff, Mango, and Tendam on the popular e-commerce platform boasting 60 million users.

In a surprising move, the Italian luxury label has confirmed the exit of its recently appointed creative director. This decision follows closely on the heels of Prada’s takeover and the director’s brief tenure as Donatella’s successor.

The American company revamps its strategic blueprint following the divestment of its Italian brand. According to John Idol, the sale provides financial leverage to accelerate the growth of both Michael Kors and Jimmy Choo.

The U.S. judicial system has ruled in favor of Adidas, concluding that the company did not deceive its investors about antisemitic conduct, highlighting that the inherent risk in partnering with controversial celebrities like Kanye West was evident.

In light of a lawsuit from heir Nicolas Puech, the French luxury group has denied allegations of redirecting Hermès shares, linking the missing stocks to managerial actions and LVMH’s landmark 2010 acquisition.

The Italian luxury giant faces allegations of labor exploitation involving its subcontractors, prompting an investigation. Concurrently, police have raided thirteen luxury firms, probing similar concerns.

The company sustains its upward sales trajectory with a 1.74% increase in Q3, yet faces a gross margin decline to 56.3% from 58.4%, influenced by tariffs, discounts, and overall cost hikes.

Under new regulations, New York requires businesses to inform consumers if AI and personal data shape their purchase prices.

The Spanish conglomerate bounces back from its sales plateau in the first half of the fiscal year, exceeding €9.814 billion in the third quarter. Profitability sees a lift with an 8.92% uptick.

Fueled by a surge in third-quarter momentum, the company reported a robust balance sheet up to October, highlighting a historic margin unrivaled in the last ten years, albeit shadowed by adverse currency exchange challenges.

Latin America’s growth faces a slow trajectory, according to the organization, as challenges such as stagnant productivity, high informality, weak institutions, and inadequate innovation investment stall its progress.

Facing the brunt of Trump-imposed tariffs, the retailer reports a mere 0.2% growth in Q3, coupled with plummeting earnings. Nevertheless, the company remains optimistic, adjusting its full-year outlook upward.

As part of a structural shake-up, Craig Williams and Muge Dogan leave the organization, which is dissolving its commercial and technology VP roles. Elliott Hill will now receive direct reports from the heads of China, Europe, North America, and Asia.

French luxury powerhouse takes a minority stake in Borland Jewelry through a €12 million funding round, riding the wave of gold’s rising allure in Asia.

The ecommerce conglomerate slashes its seller fees in Europe by 2% to 5%, enabling them to better compete on pricing against major rivals Shein and Temu.

A US retail tech company files a lawsuit against the Swedish fashion giant over allegations of patent infringement in the US, echoing similar claims previously made against Zara, part of Inditex.

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Boggi Milano Sets Sights on 2026 FIFA World Cup as Official Event Supplier

Kujten Cashmere Adorns the Icy Décor of the Grand Palais des Glaces

Paris is set to get a touch of luxury as the renowned French cashmere brand takes charge of the event’s rest area, unveiling an exclusive capsule inspired by the city’s charming terraces.

Travel in Style: Louis Vuitton Elevates Pets with Luxe Business-Class Collection

Pet owners can now flaunt matching style with their companions as the French brand debuts a travel line, featuring the Speedy Pet Trunk, Kennel Trunk, and a fresh version of the beloved Neverfull.

Decathlon Scores Major Win as Official Supplier for 2026 Paralympic Committee

The French fashion and sportswear giant has secured a deal to outfit the entire Committee delegation, from board members to consultants and staff, with over 350 uniforms totaling 8,000 pieces.

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Inditex’s Maceiras on Growth, Diversification and Strengthening the Group’s U.S. Footprint

Inditex Speeds Up: Posts 2.7% Growth in First Nine Months, Profits Climb 3.9%

Ex-Italian PM Enrico Letta Joins Inditex’s International Advisory Team

Inditex Takes on Trump’s Tariffs with Bershka’s U.S. Launch

Inditex Cuts Cash Reserves by 4.7%, Focuses on Financial Investments

Record-Setting Q3 for Inditex: Best Gross Margin in Over 10 Years

Inditex Shrinks Footprint by 132 Stores, with Zara Home and Oysho at the Forefront

Deloitte Returns as Inditex Auditor for 2027-2029 Term

UK Bans Nike, Lacoste, and Superdry Ads on Allegations of ‘Greenwashing’

American Eagle Maintains Steady Sales through Q3, Sees 54% Drop in Profits

Hugo Boss Eyes Long-term Growth: Sales Down, Investment Up Until 2028

New Balance Hits €160 Million Milestone in Spain, Riding High on Brand Success