Pangaia Welcomes Daniel Gómez as New CEO Post Acquisition by Abu Dhabi’s Sovereign Fund

Pangaia changes captain. The sustainable fashion company, owned by Aurora Vision Group since January this year, has appointed Inditex’s former director of e-commerce and omnichannel for Russia as CEO. Daniel Gomez joins the company, replacing Nathalie Longuet, who co-founded the company and took over in November 2023.

Gomez’s appointment “marks the beginning of a new chapter” under Aurora Vision Group, part of Abu Dhabi-based investment holding company Royal Group, which acquired a majority stake in the brand in January.

Daniel Gomez was Inditex’s e-commerce and omnichannel director for Russia from 2011 to 2018, and has a background in marketing and management areas of fashion, accessories and retail in Europe, the Middle East and Asia.

Pangaia was acquired by Royal Group in early 2025, after posting a loss of €50.4 million in 2022 and with a profitability plan in place

Daniel Gómez holds a degree in journalism from the Complutense University of Madrid, and a certificate in corporate innovation from Stanford University. His first steps were as an account executive at Wasabi Comunicación, from 2004 to 2008, before becoming international purchasing manager at Do & Co Group, an Austrian company specialized in luxury catering, where he worked until 2011.

Gomez was appointed director of digital in fashion, accessories and joint ventures for Chalhoub Group, a Dubai-based group specializing in distribution, retail and marketing of luxury brands in the Middle East, a position he held from 2018 to 2021. In recent years, he has been in charge of digital for groups such as AlMalki Group, TXT and Stealth Company, all based in the Middle East.

Following the company’s losses recorded in 2022, which reached $50.4 million, Pangaia carried out a restructuring plan between 2023 and 2024, through which the company hoped to return to profitability in 2023.

Sales for the company, whose brightly colored tracksuits gained popularity during the pandemic, fell 42% to $37.1 million from a peak of $76 million in 2020.

The company was born out of influencer-turned-investor Miroslava Duma’s Future Tech Labs material innovation incubator in 2019, and its initial success attracted backing from a number of high-profile names, including investment funds backed by Will Smith and Leonardo DiCaprio.