Modaes Global | Fashion business news

Ecoalf Secures €7 Million Loan from Impact Bridge to Fuel Global Expansion

The spanish company with a sustainable approach, which closed its last fiscal year with a turnover of 58 million euros and double-digit growth, plans to use the funds to boost its growth within the sector.

According to U.S. media reports, beauty giant Coty is said to be exploring a potential two-step divestiture of its luxury and mass-market businesses, with groups Interparfums and Kering reportedly among the key players involved.

Izzard will replace Dave Murray, the British ecommerce platform's current chief financial officer, who is stepping down at the end of June, a year and two months after taking up the position, in search of new opportunities.

Luca de Meo: From Auto Executive to Kering's New CEO—What’s Next for the Luxury Giant?

The French group is entrusting its comeback to the former CEO of Renault, an expert in business transformation with an unconventional profile in luxury. The driving force is operations, but also design, which is what Kering needs.

Amid ongoing financial and leadership turbulence, French luxury group Kering is reportedly finalizing the appointment of Italian executive Luca de Meo as CEO, marking a strategic shift from François-Henri Pinault’s tenure.

Heather Kaminetsky returns to lead Net-a-Porter. The luxury fashion ecommerce platform redefines its structure following the acquisition by retailer MyTheresa, with new appointments in buying, brand and regional leadership.

Brazilian footwear giant Alpargatas, owner of leading beachwear brand Havaianas, has signed a distribution agreement with U.S.-based Eastman Group to boost its American business and initiate a transition plan for the brand.

The Asian e-commerce giant concentrated the bulk of its greenhouse gas emissions in manufacturing and transport, which rose 9.7% and 13.7%, respectively, as Shein’s aggressive growth outpaced its decarbonization efforts.

Leonard A. Lauder, chairman emeritus of The Estée Lauder Companies, passed away on June 14 at age 92. Son of company founders Josephine Esther Mentzer and Joseph Lauder, he helped shape the U.S. giant into a global powerhouse.

Despite a slowdown in luxury sales, industry giants are investing upstream, acquiring companies at the beginning of the supply chain, from tanneries and textile mills to knitwear specialists, to secure future craftsmanship.

Intelligent robots, superchips from Nvidia and LVMH or L'Oréal technology leaders: VivaTech 2025 broke records with 180,000 professionals and 14,000 start ups, consecrating Paris as the capital where luxury converses with AI.

After closing all its stores in the market in 2021, the Spanish fashion retail giant is opening the doors of two new stores of its young chains in Venezuela, the country's capital.

The two Inditex chains, which have a presence in India through their subsidiary Trent Retail India Private, have not reached 300 million euros in sales. Zara will not grow if it does not find suitable spaces.

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.

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.

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.

After having been declared in judicial liquidation, the French fashion company has finally been saved from disappearance by two companies in the sector, which will keep a third of the jobs and part of the stores.

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.

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.

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%.

More news

Profiles

Bernard Arnault

President and CEO of LVMH

Pier Paolo Righi

CEO of Karl Lagerfeld

John Donahoe

CEO of Nike

Jesús Gil

Head of Southern Europe in Esprit

Taku Morikawa

General manager of Uniqlo Europe

Tadashi Yanai

Founder and CEO of Fast Retailing

Jack Ma

Founder of Alibaba

Gaston Bottazzini

General manager of Falabella

View all profiles

Look

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.

View all articles

The global
fashion business
journal

Ecoalf Secures €7 Million Loan from Impact Bridge to Fuel Global Expansion

Coty Explores Potential Sale of Luxury and Consumer Divisions

Asos Names Aaron Izzard as New CFO in Leadership Reshuffle

Luca de Meo: From Auto Executive to Kering's New CEO—What’s Next for the Luxury Giant?

Kering Turns to Former Renault CEO Luca de Meo to Steer Its Transformation

Net-a-Porter Appoints Heather Kaminetsky as New CEO

Alpargatas Strikes U.S. Deal With Eastman to Expand Havaianas Business

Shein’s Emissions Rise 23% by End of 2024, Despite Sustainability Claims

Leonard A. Lauder, Beauty Industry Icon and Estée Lauder Heir, Passes Away

Luxury Ties Its Know-How to Supply as M&A Wave Reshapes Manufacturing Landscape

Luxury and Beauty Take Center Stage in Paris at Record-Breaking VivaTech 2025

Inditex Returns to Venezuela With Bershka and Pull&Bear

Zara and Massimo Dutti Face Slower Growth in India Under Trent, With Less Than 1%

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

Jennyfer Gets Partial Lifeline From Celio and Beaumanoir Group

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