Modaes Global | Fashion business news

The U.S. group that owns the Coach brand has increased its stake in the sustainable leather manufacturer in a $15 million funding round, aiming to get closer to Generation Z.

The CEO of the Spanish retail giant, number one in the world, said that the company is keeping its expansion plan intact in the U.S., its main international market.

Marta Ortega Charts Inditex’s Path: Expanding in Size, Responsibility, and Core Values

The group’s general shareholders’ meeting has formalized the appointment of Pontegadea’s CEO, Roberto Cibeira, as a new member of the board of directors. He bids farewell to outgoing Vice-Chairman José Arnau.

Inditex Invests in Robotics Startup Theker to Revolutionize Industry Tech

The Barcelona-based company has closed an €18 million seed round, with participation from the fashion distribution group. Both would be working to automate processes that traditional robotics has not been able to.

Brussels has finalized the list of products included in the second tariff package planned by the EU, valued at €72 billion, with which it plans to respond to the imposition of levies by the United States.

Marni’s New Creative Vision: Meryll Rogge Appointed Following Francesco Risso’s Departure

The Italian label brings on the Belgian creative mind, fresh off her Andam Grand Prize victory. She follows Francesco Risso, with a background of building her own brand and experience at Dries Van Noten and Marc Jacobs.

The historic French firm specializing in knitwear expects to exceed €10 million in sales by 2025. The funds will enable new international openings, strengthen the team and develop production techniques.

China’s Economy Outperforms Predictions, Growing 1.1% in Q2 and 5.2% Annually

China’s economy grows slightly slower than in the first quarter, with the National Bureau of Statistics noting the nation’s resilience amid external pressures.

From Spain to the U.S.: MR.AB Taps Into Silent Luxury Trend in Men’s Fashion

With a refined aesthetic and focus on quality over logos, Spain’s MR.AB is preparing its U.S. expansion as demand for discreet menswear continues to rise.

Aditya Birla: The Powerhouse Behind India’s Desert Cotton Boom

Aditya Birla is India’s largest business conglomerate, with seven listed companies and a market capitalization of more than $100 million. The group has conquered half the world with its yarn, metals and chemicals.

In the quest for differentiation, fashion brands increasingly turn to collaborations, navigating a terrain where the boundaries between luxury, premium, mainstream, and low-cost are increasingly indistinct. The key issue: a lack of synergy among collaborators.

LVMH’s brand, now the fifth Italian firm facing allegations of labor misconduct, joins the ranks with Dior and others from the group. Legal authorities describe the situation as a pervasive issue nationwide.

Esteban González, former Agua Bendita CEO, steps in now as manager for the Colombian men’s fashion label, taking over from Carlos Arturo Calle, who has been at the helm since 2012.

For the first time, the Irish low-cost fashion conglomerate is combining its customer and digital sectors, aiming for a ‘clear and consistent’ user experience. Houston takes over from Michelle McEttrick, who served for three years.

With a strategic push towards global reach and eco-conscious practices, the company’s leap is powered by its executive’s know-how, who now serves as board president at Circulose after leading H&M as CEO.

As the fashion world grapples with new sustainability hurdles, the British author and researcher who first popularized a pivotal sector term nearly twenty years ago weighs in on the industry’s path forward.

The executive, who joined the PVH group brand in October 2023, has left the brand in parallel to the departure of global president Eva Serrano, as confirmed by Modaes. Both Spaniards came from Inditex.

Donald Trump maintains that he will reverse his decision “if the European Union or its companies decide to manufacture products in the United States”. The European Union, for its part, will hold the retaliatory measures in abeyance.

The Spanish group, owner of Zara, proposes a combination of a multi-year cash bonus and a promise to deliver shares free of charge. The board will also give the green light to the appointment of Roberto Cibeira as a director.

After experiencing an 80% revenue plunge in the past year, the top jewelry group globally is pursuing partnerships with Chinese e-commerce firms or investors to rebrand its presence in the region.

The world’s largest luxury conglomerate claims that no banking data has been leaked, but warns users that they may face fraud attempts in the coming days. LVMH Korea announced another attack a week ago.

With the launch of its new production center, LVMH’s optical division now spans 430,556.42 square foot and employs over 1,300 personnel, marking a significant expansion for the luxury conglomerate.

The largest U.S. cosmetics chain expands its global footprint with the acquisition of niche and high-end retailer Space NK, as it finalizes plans to enter the Mexican market through a partnership with Grupo Axo.

Continuing its executive overhaul, the US-based sports equipment leader has seen CEO Elliott Hill replace eleven of his fifteen direct reports since his appointment.

Marking a robust performance, the U.S. denim group closed the semester with a $202 million profit, starkly rising from last year’s $7.3 million, and posted nearly $3 billion in sales.

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Puig Bottles Its History in a Book by Rizzoli

Schiaparelli’s Historic UK Debut: A Deep Dive into Fashion’s Influential Legacy at the V&A

From March to November next year, the Victoria and Albert Museum in London will unveil ‘Fashion Becomes Art,’ the first exhibition in the UK to celebrate the legacy of Italian haute couture house Schiaparelli.

A Deep Dive into Chanel’s Creative Universe: The Debut of Arts & Culture Magazine

The French maison introduces Arts & Culture, a new publication dedicated to its links with the artistic world, with international distribution and a presentation in London as part of the brand’s centenary in the United Kingdom.

From Bulgari to Etruscan Jewelry: Foundation Safeguards History in Rome

Teaming up with the National Etruscan Museum of Villa Giulia in Rome, the luxury Roman brand foundation marks an exhibition and unveils a three-year initiative aimed at conservation, volunteer efforts, and the revitalization of museum displays centered on Italy’s rich legacy.

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Tapestry Boosts Stake to 10% in Recycled Leather Innovator Gen Phoenix

Inditex Pursues ‘Selective’ U.S. Growth Amid Tariff Pressures

Marta Ortega Charts Inditex’s Path: Expanding in Size, Responsibility, and Core Values

Inditex Invests in Robotics Startup Theker to Revolutionize Industry Tech

EU Prepares for Trade Battle with New Tariff Plan Targeting Key US Industries

Marni’s New Creative Vision: Meryll Rogge Appointed Following Francesco Risso’s Departure

LVMH Backs French Knitwear: Luxury Ventures Invests in Molli

China’s Economy Outperforms Predictions, Growing 1.1% in Q2 and 5.2% Annually

From Spain to the U.S.: MR.AB Taps Into Silent Luxury Trend in Men’s Fashion

Aditya Birla: The Powerhouse Behind India’s Desert Cotton Boom

From Success to Failure: The Risks and Rewards of Fashion Collaborations

Loro Piana Under Judicial Administration in Italy Over Labor Abuse Accusations

Arturo Calle Ushers in New Leadership Era, Steps Away from Founding Family

Primark Revamps Executive Team, Combines Customer and Digital Departments

Former H&M Chief Joins Mango’s Board as the Brand Strengthens Sustainability Efforts

Kate Fletcher on the Roots of Ultra-Fast Fashion and Shein’s Unstoppable Rise

Calvin Klein Loses Chief Product Officer Following Eva Serrano’s Exit

Trump Slaps 30% Tariff on EU Goods, Offers Reprieve If Production Moves to US

Inditex to Propose New Executive Incentive Plan at Shareholders Meeting

Pandora Seeks Partners to Revitalize Chinese Market After 80% Sales Drop

LVMH Targeted by Cybercriminals in UK Data Breach Affecting Multiple Luxury Companies

Thélios Expands Production Capacity with New Metal Eyewear Facility in Longarone

Ulta Beauty Makes UK Debut through Space NK Acquisition, Prepares Mexican Market Entry

Nike Taps Industry Veteran: Aaron Cain Steps Up as Converse Chief

Levi’s Rides ‘Made in USA’ Wave: Posts 5% Growth and Profit Increase in H1