Companies

Since its founding in 1881, the American fashion group has seen its gross margin decrease, influenced by intensified promotions with the Puerto Rican artist and the effect of tariffs on imports to the U.S.

As tariff hikes loom in 2025, the athletic gear titan has been reshaping its sourcing strategy for ten years, expanding its supplier base and minimizing reliance on a few providers.

The French fashion powerhouse expands its diversification strategy with the introduction of Kitchoun, its new children’s footwear brand, alongside the Kiabi Home line.

In a circular fashion move, the British company collaborates with Oxfam to sell its items on eBay, refurbished by Reskinned, following the collection of 36.5 million garments from the brand.

Shares in the German sportswear leader Puma surged by more than 15% following the Pinault family’s revelation of their intent to divest their 29% holding.

Following the launch of a new London store this April, a dynamic Inditex brand strengthens its UK presence with a flagship debut at Manchester’s Trafford Centre.

Tom Allsworth, co-founder of Revolution Beauty, takes the helm of the cosmetics company as it continues to search for a buyer, following its announcement in May.

With extensive careers in multinational companies, both executives are set to join on September 1. Brok, who also serves on the boards of Revlon and Oatly, and Laundry, a 19-year veteran of Amazon, bring a wealth of experience to their new roles.

The American clothing rental company is set to hand over 86% of its equity to investors in a move to slash some of the debt burden lingering on its balance sheet since the pandemic hit.

The Danish company, keeping the specifics of the investment under wraps, is optimistic that the funds will drive the German company’s aim to launch a small-scale plant by 2026.

American denim giant appoints Chris Callieri to a newly created role this September, replacing the duties of former COO Liz O’Neill, who retired earlier this year.

The cosmetics giant wrapped up the fiscal year with a revenue of $5.893 billion, falling short of the previous year’s performance. After dipping into the red in the third quarter, the company remains in negative territory.

Since January, Bellini has been at the helm of Mayhoola, the parent company holding a 70% stake in the Roman fashion house. He steps in following Jacopo Venturini’s summer departure after a five-year tenure.

With co-founders Maurice and Paul Marciano and CEO Carlos Alberini in the mix, the transaction values the U.S. fashion house at $1.4 billion, as Guess prepares to exit the New York Stock Exchange.

The accessory brand catering to children and teens has revealed the sale of its North American operations to private equity firm Ames Watson, aiming to curb losses following its bankruptcy filing.

Facing a three-year slump in sales, the U.S.-based beauty company cites socio-economic pressures and waning consumer demand in major markets such as the United States and China as contributing factors.

The Finnish powerhouse has wrapped up the first half of the year with net profits surging nearly 21 times compared to the same period last year, fueled by the stellar performance of sportswear giants Salomon and Arc’teryx.

In 2022, the U.S.-based lingerie giant made a strategic acquisition of Adore Me for $400 million, embracing size inclusivity as part of its ongoing efforts to appeal to a wider demographic during its transformation turmoil.

Closing out fiscal 2024, the British luxury shoe company reports €86.4 million in revenue, attributing the growth to its transition towards a direct-to-consumer sales strategy.

South Korean sports equipment giant Misto Holding wrapped up the first half of the year with sales reaching 2.46 trillion won ($1.44 billion) and net profits of 290.658 billion won ($209 million).

For the past two years, the Asian e-commerce giant has been on a quest to become publicly traded. In this time, it has submitted two other proposals to the stock markets of New York, London, and now Hong Kong.

Stepping into the role in 2026, Line Andrea Fandrup aims to harmonize financial operations with the growth and sustainability goals of the Danish conglomerate, following Thomas Børglum Jensen’s eight-year leadership.

The ecommerce company is under legal fire for allegedly causing consumers to overpay for third-party products on its platform, potentially impacting up to 45 million people.

Robin Gendron takes the helm as regional president for Kim Kardashian’s lingerie line, as the brand sets its sights on opening flagship locations in London and Dubai by next summer.

The Italian powerhouse, a leading European luxury e-commerce platform, has turned to government and judicial authorities seeking measures to tackle debts of up to €30 million.

12 13 14

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.

Special series

Companies

Mergers & Acquisitions

The Leadership Shuffle

Global Fashion Giants

Bernard Arnault

Luca de Meo

Óscar García Maceiras

Nicolas Bos

Richard Dickson

Elliott Hill