Companies

Owner of Zara has executed a land swap, acquiring more than 730,000 square feet, paving the way for the relocation of Massimo Dutti, Bershka, Oysho, and Lefties headquarters.

The German conglomerate has restructured its direct-to-consumer units into distinct online and global segments, relieving the former vice president of both. An announcement is expected soon on who will take the helm of the digital division.

The American department store giant is set to slash approximately 8% of its office workforce, impacting 22,000 employees. Market insiders point to its ongoing struggle to boost sales and profitability.

The Spanish powerhouse Sociedad Textil Lonia wrapped up the fiscal year with a turnover of €410.4 million and profits of €36.5 million, both trailing last year’s figures.

Irish fast fashion powerhouse opens its flagship store in partnership with Alshaya Group, following their 2024 strategic alliance. Upcoming launches are slated for Dubai and New York.

With just a quarter left in its fiscal year, the Italian luxury brand hits €695 million in sales. Direct stores are eclipsing wholesale channels, as the Asian market struggles to keep pace.

The Hong Kong-listed Italian group has experienced a slowdown in growth driven by currency shifts. Despite this, the company achieved a steady 9% growth at constant exchange rates through September, consistent with its first-half results.

The Italian luxury conglomerate continues to post declining quarterly results, primarily driven by Thom Browne’s performance, with sales plummeting 19% in the first nine months of the year.

The German cosmetics giant, known for brands like Nivea and Eucerin, has adjusted its consumer segment growth forecasts down by 1.5% for the year, citing tariff pressures as a contributing factor.

Fashion retail titan is set to complete construction of its second logistics hub in Zaragoza by next June, backed by a €600 million investment and adding 1,500 jobs.

French fashion powerhouse posts €295M revenue, defying Asian downturn with firm footing in France. Staying committed to its full-price strategy, the brand cuts back on discounts.

In response to declining performance, the French group implements a decisive turnaround plan at its UK operations, targeting a return to profitability over the next three years by reducing the London office staff by 33%.

The footwear company exceeded ten million euros in revenue in 2024 and now anticipates boosting it to over thirteen million, driven by international expansion and a stronger-than-expected network of multi-brand clients in Spain.

Despite a revenue boost to €3.415 billion this quarter, the French luxury giant, helmed by Luca De Meo, continues to grapple with challenges following a 15% drop in the previous quarter.

The Spanish fashion powerhouse expands its footprint in the Nordic countries, continuing its international trajectory which has seen its youngest brand reach India, Venezuela, Sweden, Italy, Paraguay, and the UK over the past year.

The French conglomerate wrapped up the quarter with sales soaring to €3.9 billion, fueled by robust performance in Europe, the Americas, and its leather goods division, which remains its key driver. By September, the company had amassed a staggering €11.9 billion.

The Mexican retail giant, one of the world’s leading department store operators, wrapped up the period with a revenue of 150.096 billion Mexican pesos ($8.143 billion) while experiencing a 29% drop in net profit.

The company proudly claims triumph over tariff impacts, projecting enhanced profits for the period. Anticipating a robust fiscal year, the company eyes a 9% revenue surge.

The American investment firm is exploring options to divest from the niche French perfume brand, valued at over $2 billion, amidst a backdrop of Kering and LVMH’s cosmetic divestitures.

The French luxury giant is reportedly in talks to sell off half of its stake in the company co-owned with singer Rihanna, as Kering finalizes the sale of its beauty division.

The Spanish bridal fashion company has set its sights on a younger demographic through a new platform, with a particular focus on the United States—a pivotal market in its international growth strategy.

French conglomerate reports €32.807 billion in sales for the first nine months, solidifying its market stance following the Kering Beauty integration and reigniting rumors of a potential Armani deal.

Despite the dollar’s weakness, the fragrance company reported a robust quarterly revenue of €261.7 million at constant exchange rates, reaffirming its forecast of hitting €900 million by 2025.

In a bid to support broader corporate investments, the Swedish fashion powerhouse is aiming to secure €500 million via senior bonds. The retailer’s most recent market venture was at the close of 2023.

The American company is set to unveil a flagship store along with two standalone locations in London in the coming weeks, marking a strategic move in its relaunch plan focused on captivating the new generation.

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