Companies

Esteban González, former Agua Bendita CEO, steps in now as manager for the Colombian men’s fashion label, taking over from Carlos Arturo Calle, who has been at the helm since 2012.

For the first time, the Irish low-cost fashion conglomerate is combining its customer and digital sectors, aiming for a ‘clear and consistent’ user experience. Houston takes over from Michelle McEttrick, who served for three years.

With a strategic push towards global reach and eco-conscious practices, the company’s leap is powered by its executive’s know-how, who now serves as board president at Circulose after leading H&M as CEO.

The executive, who joined the PVH group brand in October 2023, has left the brand in parallel to the departure of global president Eva Serrano, as confirmed by Modaes. Both Spaniards came from Inditex.

The Spanish group, owner of Zara, proposes a combination of a multi-year cash bonus and a promise to deliver shares free of charge. The board will also give the green light to the appointment of Roberto Cibeira as a director.

After experiencing an 80% revenue plunge in the past year, the top jewelry group globally is pursuing partnerships with Chinese e-commerce firms or investors to rebrand its presence in the region.

The world’s largest luxury conglomerate claims that no banking data has been leaked, but warns users that they may face fraud attempts in the coming days. LVMH Korea announced another attack a week ago.

With the launch of its new production center, LVMH’s optical division now spans 430,556.42 square foot and employs over 1,300 personnel, marking a significant expansion for the luxury conglomerate.

The largest U.S. cosmetics chain expands its global footprint with the acquisition of niche and high-end retailer Space NK, as it finalizes plans to enter the Mexican market through a partnership with Grupo Axo.

Continuing its executive overhaul, the US-based sports equipment leader has seen CEO Elliott Hill replace eleven of his fifteen direct reports since his appointment.

Marking a robust performance, the U.S. denim group closed the semester with a $202 million profit, starkly rising from last year’s $7.3 million, and posted nearly $3 billion in sales.

After being slapped with an initial €40 million fine for deceptive advertising, the Asian online retail giant is now under scrutiny for potential data consent breaches.

The Italian luxury brand continues to defy the slowdown in the sector in the first half of the year and maintains its ambition for sustained growth, after raising its sales to €684 million in the first half of the year.

Merchandising continues to set the pace for the global fashion industry. To continue growing, to finance its expansion or to save itself from the red numbers are the main reasons that the sector wields.

The British company has announced a capital increase through the issuance of £20 million in convertible bonds, backed by Challice and Frasers Group, following a decline in sales and margins last year.

While no transactions are currently in place, the fund that controls the majority of the outdoor fashion company is exploring the option to divest a portion or its entire equity stake, which has seen a 23% increase in value.

The teen-focused accessories label is under strain from debt pressures, a downturn in consumption, and heightened costs resulting from recent U.S. tariff reforms.

The Japanese group that owns Uniqlo is confident that the impact of the new tariffs will be limited in fiscal 2025. The company closed the first three quarters with sales up 11% and gross margin down.

In the context of a contraction of its sales, which it blames on the global luxury crisis, the Italian fashion brand has seen its profit fall by 95% to well below one million euros, to €470,000.

The Italian department store company sealed the entry of different shareholders to its capital at the end of April, which has now been refuted by the Court of Venice, ending a negotiation process of more than a year.

With declining sales and a disengaged workforce, what has prompted the sports behemoth to falter, and what insights can be gleaned from a brand struggling to connect? This marks the latest chapter in Nike’s ongoing challenges.

The new store is located in The Galleria shopping center in Houston, Texas. The company specializes in denim and is present in Latin American markets such as Peru, Panama, Ecuador, Costa Rica and Guatemala.

The sports fashion company, owned by Pentland Brands, has signed a licensing agreement with the U.S. group as part of its relaunch strategy following the addition of a former Canterbury last year.

Eva Gallego, who comes from the department store group, joins the company to take over from Luis Maseres, who is leaving the company to embark on a new career path. Maseres has been with the company for more than a decade.

The new top executive, Mike Jatania, is also the co-founder of investment group Aurea, which bought the company last year after the British natural cosmetics company went into receivership.

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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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