Companies

Danish retail giant Bestseller unveils its first physical store for its new brand at Salera Shopping Center, a spacious 3,500-square-feet location, with plans for further expansion in other Spanish cities such as Madrid, Zaragoza, Granada, and Vitoria.

As the Latin ecommerce giant approaches the final stretch of a pivotal year, it eagerly anticipates a new era under the leadership of Ariel Szarfsztejn. The company has also promoted its Brazil director to global head of marketplace.

The Italian luxury powerhouse faces a downturn in sales amidst a broader demand crisis impacting the luxury sector, causing the group to miss its agreed sales-to-earnings ratio.

Dior, Vuitton, Bulgari, and Tiffany, under the French conglomerate, are expanding their footprint in the booming South Korean market, offering a stark contrast to the luxury slowdown in China and waning consumer strength in the U.S.

The recycling initiative, backed by over 30 stakeholders including brands, manufacturers, and recyclers, aims to reach an annual installed capacity of recycling 2.5 million tons by then.

The German footwear specialist has projected its outlook after nearly doubling its net earnings in the first nine months of the current fiscal year, reaching €254.4 million.

Shares of the Italian luxury powerhouse plummeted 17% yesterday following a Morpheus Research report that casts doubt on its operations in Russia and market valuation. Cucinelli has dismissed the allegations.

With a boost from a 9% increase in its German operations, LuxExperience, the conglomerate behind Mytheresa, Net-a-Porter, and off-price platforms Yoox and The Outnet, closed the fiscal year with $2.75 billion in sales.

In a landmark five-year partnership, American next-gen materials leader partners with Indian textile titan to source Circ’s recycled fiber.

The Swedish giant saw its sales slump deepen through August, impacted by currency fluctuations, while profits fell another 9.8%. Yet, the company managed to boost its earnings in the last quarter.

The French fashion powerhouse is making a comeback after a strategic overhaul, aiming to strengthen its foothold in Asia with a new executive from SMCP, who also boasts experience at Dolce & Gabbana, Chanel, and LVMH.

The American company behind Cycora, the recycled polyester featured in collections from Zara, Ganni, Gap, and Patagonia, has appointed Adolfo Tannenbaum to spearhead its operations in Spain and parts of Europe.

In the first half, retail giants such as Falabella, Liverpool, and Palacio de Hierro saw their revenues climb, amassing a combined turnover of $23.3 billion. The five major players reported a collective profit of $1.2 billion.

Expanding its reach, the UK-based makeup and skincare brand launches a digital storefront within the U.S. ecommerce titan’s Premium Beauty program, complementing its existing presence in Sephora, Ulta, and Nordstrom.

Bernard Arnault bolsters his media holdings with the purchase of Challenges, a leading French political and economic magazine, transitioning from the longstanding leadership of Claude Perdriel after almost 40 years.

The Colombian men’s fashion company appoints Esteban González, CEO of Agua Bendia for six years, to take over from Carlos Arturo Calle, the founder’s son, after more than a decade at the helm.

The British sports fashion retailer has expanded its market share across North America and Europe in the first half of the fiscal year, with sales soaring following the integration of Hibbett and Courir.

From Barcelona to Covent Garden’s core. The Spanish group is reshaping Byredo’s global footprint with new high-profile locations, amid the brand’s transition following Ben Gorham’s departure.

Barcelona becomes the launch city for Foot Locker’s first store following its merger with a historic competitor, signaling the start of a broader expansion throughout the country.

LVMH’s beauty and cosmetics powerhouse strengthens its commitment to the Iberian Peninsula, unveiling a new 2,800-square-feet flagship in the heart of Lisbon on Rua Augusta.

Global fiber production soared to a record high last year, reaching 123 million tons, marking a 5.6% increase over 2023. Over the past five years, these boosts have led to a 20% rise in fashion industry emissions.

Amidst a contentious fireworks display in Tibet, the Finnish group’s company is drawing attention from Chinese authorities and stirring widespread reactions across social media.

In a bid to ease its debt burden, the luxury retailer is on the lookout for an investor to acquire 49% of Bergdorf Goodman, valued at $1 billion, following its recent Neiman Marcus acquisition.

The Chinese giant’s partnership with Pimkie for international growth sparks immediate reaction from federations, leading them to pull their backing from the brand. The country is at the forefront with its anti-Shein law.

With the latest wage hike, fashion industry employees will see their minimum pay rise to $210, still below the $232 sought by unions, affecting almost a million workers in the country.

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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.

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