11 jul 2025 - 14:11
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.
Companies
11 jul 2025 - 14:07
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.
11 jul 2025 - 07:18
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.
11 jul 2025 - 07:12
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.
11 jul 2025 - 07:09
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.
11 jul 2025 - 06:59
After being slapped with an initial €40 million fine for deceptive advertising, the Asian online retail giant is now under scrutiny for potential data consent breaches.
11 jul 2025 - 06:45
The Italian luxury brand continues to defy the slowdown in the sector in the first half of the year and maintains its ambition for sustained growth, after raising its sales to €684 million in the first half of the year.
11 jul 2025 - 05:00
Merchandising continues to set the pace for the global fashion industry. To continue growing, to finance its expansion or to save itself from the red numbers are the main reasons that the sector wields.
10 jul 2025 - 15:11
The British company has announced a capital increase through the issuance of £20 million in convertible bonds, backed by Challice and Frasers Group, following a decline in sales and margins last year.
10 jul 2025 - 15:05
While no transactions are currently in place, the fund that controls the majority of the outdoor fashion company is exploring the option to divest a portion or its entire equity stake, which has seen a 23% increase in value.
10 jul 2025 - 15:04
The teen-focused accessories label is under strain from debt pressures, a downturn in consumption, and heightened costs resulting from recent U.S. tariff reforms.
10 jul 2025 - 07:15
The Japanese group that owns Uniqlo is confident that the impact of the new tariffs will be limited in fiscal 2025. The company closed the first three quarters with sales up 11% and gross margin down.
10 jul 2025 - 07:02
In the context of a contraction of its sales, which it blames on the global luxury crisis, the Italian fashion brand has seen its profit fall by 95% to well below one million euros, to €470,000.
10 jul 2025 - 06:55
The Italian department store company sealed the entry of different shareholders to its capital at the end of April, which has now been refuted by the Court of Venice, ending a negotiation process of more than a year.
10 jul 2025 - 05:30
With declining sales and a disengaged workforce, what has prompted the sports behemoth to falter, and what insights can be gleaned from a brand struggling to connect? This marks the latest chapter in Nike’s ongoing challenges.
10 jul 2025 - 05:00
The new store is located in The Galleria shopping center in Houston, Texas. The company specializes in denim and is present in Latin American markets such as Peru, Panama, Ecuador, Costa Rica and Guatemala.
9 jul 2025 - 18:06
The sports fashion company, owned by Pentland Brands, has signed a licensing agreement with the U.S. group as part of its relaunch strategy following the addition of a former Canterbury last year.
9 jul 2025 - 12:23
Eva Gallego, who comes from the department store group, joins the company to take over from Luis Maseres, who is leaving the company to embark on a new career path. Maseres has been with the company for more than a decade.
9 jul 2025 - 12:15
The new top executive, Mike Jatania, is also the co-founder of investment group Aurea, which bought the company last year after the British natural cosmetics company went into receivership.
9 jul 2025 - 11:09
Mark Zuckerberg’s company had been considering taking this step since last year, shortly after the launch of a second edition of Ray-Ban Meta glasses, smart wearables that broke sales records.
9 jul 2025 - 09:27
Seraphine went public in 2021, only to be bought in 2023 by the private fund Mayfair Equity Partners, which led to its delisting. Two years later, the company, which cannot find investors, is on the verge of bankruptcy.
9 jul 2025 - 05:00
The fashion industry’s leading firms, encompassing categories like mass distribution, luxury, department stores, and athletic wear, wrapped up the last financial year with growth, even as heavyweights like LVMH and Nike stumbled.
8 jul 2025 - 13:14
The decision is part of the company’s strategy to adjust its financial trajectory in light of reduced consumer spending. With over twenty years at Estée Lauder, Besnard also holds the position of senior vice president.
8 jul 2025 - 07:33
The online retail giant has made a formal application for a listing on the Asian stock exchange, attempting to sway British authorities, which still represent Shein’s main pathway to becoming a publicly traded company.
Modaes Global - Companies | Economic news of fashion companies. All the economic news of the main companies in the fashion business in Spain and around the world. - Modaes Global.
