Companies

In a strategic move, the French group appoints Vania Lacascade as global brand president of Lancôme, focusing on driving innovation, personalization, and building emotional connections with consumers.

The Finnish company, having already recorded nearly a 30% increase in sales during the first half, raises its full-year forecast again, with the outdoor sector driving significant growth for the group.

Spanish jewelry Giant Reshuffles Leadership After Carlos Soler-Duffo’s Departure. Sánchez Joins Tous, Bringing International Experience and Expertise in Family-Run Businesses. Luis Maseres Steps Into His Role at Portuguese Parfois.

Vincent Baland takes the helm as Managing Director for the region at the Barcelona-based firm. Educated at HEC and Sciences Po, the executive has over two decades of global expertise with Japan’s Shiseido.

The Italian fashion retail giant has wrapped up the first half of the fiscal year with a 4.1% boost in revenue and a staggering 31.7% surge in profits, marking the best period in its history.

The fashion distribution giant has reported a profit of 1.375 billion pounds ($1.876 billion) in the first half of the year and is forecasting a 7.5% sales growth for the full fiscal year.

Recycled materials accounted for 7.6% of the total, with the majority sourced from plastic bottles, compared to less than 1% from recycled fibers of other textiles, consistent with last year’s figures.

The Paris-based perfume giant announces the shutdown of its fashion division, which it has overseen for ten years, after reporting a 5.8% boost in sales.

Ewan Venters is set to take on a newly created role starting October 1st, having served as a non-executive director at the British fashion retailer since February.

In the midst of a season of change, Laura Kim and Fernando Garcia exit their design roles after a nine-year tenure, as the house embarks on a rare talent search in New York City. The duo will now focus on their label, Monse.

As the first-ever Colombia Fashion Summit approaches, Inexmoda’s top executive, Sebastián Díez, advocates for a strategy centered on design, sustainability, and branding to establish Medellín as a key regional hub targeting the US and Europe.

Aiming for an international comeback, the U.S. brand brings on board former top executives from leading fashion and beauty companies to drive its new line initiatives.

Luca de Meo, stepping in for François-Henri Pinault, makes a bold statement by appointing Francesca Bellettini as CEO of the leading brand, aiming to breathe new life into the holding.

Jaden Smith steps into the role of creative director for men’s collections at the renowned French luxury shoe and accessories label, taking over from the brand’s founder. His first capsule collection will debut in Paris.

Italian footwear and leather goods giant strengthens its North American operations with the appointment of Marco Felci. The region contributed €85 million in 2023, accounting for 7.6% of the company’s revenue.

While the beauty sector isn’t known for its aggressive growth, a shift in consumer habits is emerging that could challenge traditional beauty companies. The declining consumption in China is taking a notable toll.

After nine months since the founding family regained full control, the Spanish jewelry company is set to welcome a new chief executive. Soler-Duffo’s exit was a consensual decision.

With an eye on expanding denim’s reach, the Irish label focuses on cost-effectiveness, diverse sizing, and extensive production to edge out competitors turning premium. Currently, denim ranks as their second top-selling womenswear category.

Currency fluctuations gnaw at growth margins of major fashion conglomerates. Inditex’s forecast for the current fiscal year suggests a 4% sales impact.

The new CEO of the French luxury group is looking to his roots for key appointments, bringing on Renault’s Thomas Cuntz as the newly created Head of Talent Development.

The French fashion company is teaming up with the Chinese platform to co-create collections, aiming to boost its online revenue, which has struggled to exceed 5% of total sales in recent years.

The American company, cautious in its 2024 year-end forecasts, unveils a new roadmap through 2028 aiming for mid-single-digit annual growth while ensuring continuity.

The French luxury group has announced it fell victim to a cyberattack by Shiny Hunters, compromising Gucci customer data including names, addresses, and total spending.

Spanish Group Secures Agreement with U.S. Company for Textile Production, Setting Sights on $175 Million in Five Years After Closing Nextil’s Production Plants in Portugal.

In a deal sealed for a symbolic amount, Grupo PDC acquires Brazilian cosmetics maker, bolstered by a $22 million credit agreement.

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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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