Companies

The Italian conglomerate reports a 27% sales plunge and a dip into the red for the first half of the year, citing the luxury market downturn as a key factor. Aeffe and Pollini are notably impacted, while Alberta Ferretti and Moschino remain unscathed.

Leading a charge in local markets, the U.S. athletic giant leverages the Jordan brand in its latest expansion blueprint, aiming to rekindle its connection with the public.

The Italian footwear company is drawing attention from several Chinese investment funds, with HongShan standing out as the sole bidder with an offer to acquire 100% ownership from current stakeholder Permira.

Targeting further expansion in the luxury segment, the Japanese firm has strategically acquired an Italian company renowned for its metallic coating solutions, particularly for zippers.

The British footwear giant is pushing ahead with its global expansion plans despite a challenging fiscal year. Early this summer, the company revealed its entry into the Latin American market.

Propelled by Asia’s momentum and the robustness of retail, Brunello Cucinelli has achieved a 10.8% growth in the first nine months, reaching €1.019 billion in sales revenue. The brand stands firm on its business model amidst a stock market dip.

In a bold move, Shein is set to launch its first physical presence at the historic SGM department stores in Paris, alongside five more openings across the provinces. The agreement faces hurdles as Galeries Lafayette intervenes, sparking warnings about the impact on local fashion sectors.

Italian luxury lingerie brand revives its Bologna production plant, re-employing 200 workers following a €25 million acquisition by Peter Kern last June.

In a strategic move towards its 2030 expansion goals, the Swiss powerhouse has revealed its intention to acquire a leading American fragrance company. The transaction is expected to finalize by the year’s end.

The Austrian cellulose fiber manufacturer cites tariff uncertainties in the Asian market as the driving force behind its decisions, which may include selling its Indonesian facilities.

Facing heightened tariff challenges, the company forecasts a $1.5 billion impact for the fiscal year. The U.S. conglomerate reports a 30% drop in net profit and a 3.2-point decline in its gross margin.

With the promotion of the executive from the Women’s division, the Spanish fashion group bolsters its team in a year defined by the departure of her predecessor, Óscar Germade, and other significant shifts in the leadership structure.

In recent months, several leading groups in the sector have seen leadership shake-ups. El Palacio de Hierro navigates the transition after Juan Carlos Escribano’s retirement, while Brazilian textile giant Vicunha welcomes a new CEO.

In a €1.25 billion transaction, the European Commission has approved Prada Group’s purchase of Versace, confirming no competition hurdles.

As part of its aggressive expansion into the American market, the Spanish fashion company has unveiled two new stores in 2025, first landing in Houston in June and now opening its doors in Los Angeles.

As the Swiss sports equipment group nears the end of its ambitious three-year growth plan, Scott Maguire is poised to drive the final effort to outpace competitors Nike and Adidas in market share.

The Danish jewelry powerhouse is gearing up for a leadership shift. Alexander Lacik, the CEO for almost seven years, will vacate his position in 2026, making way for Berta de Pablos-Barbier, the brand’s current marketing head, who will assume the role next March.

Matthew Ives steps in as CEO, succeeding interim leader Andrew Holmes from 2024. The British executive will report directly to Philippe Fortunato, head of the Swiss luxury group’s fashion and accessory maisons.

Coty’s leadership shake-up sees the appointment of a new president for its cosmetics line, as the company weighs ‘divestitures and spin-offs’ in response to ongoing industry rumors.

LVMH-owned luxury brand closes fiscal 2024 with €885 million in revenue, marking a 9.17% increase, a stark contrast to the over 30% growth seen in 2023. Net profits, however, fell by 24%.

After over three decades as the steward of her family’s legacy, Silvia Venturini Fendi transitions to an honorary role at the brand. This shift comes amid a strategic overhaul following Kim Jones’ departure.

In a move towards sustainability, the renowned Italian lingerie company launches Life Re-Tights, a program that will repurpose recycled hosiery into new creations, thanks to collaborations across the supply chain and EU financial backing.

The private equity firm has stepped in to save 156 stores of the U.S. accessories brand, securing employment for 1,000 individuals across the UK, though the sale price remains confidential.

Originally launched as a Zara outlet, the chain is expanding into the British market with a fresh look and its Home collection, eyeing new stores on Oxford Street and at Westfield London among four upcoming openings.

The company was hit by a database breach on Friday, marking the second incident since May, compromising customer names, contact details, and loyalty card information.

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

Bernard Arnault

Luca de Meo

Óscar García Maceiras

Nicolas Bos

Richard Dickson

Elliott Hill