Companies

The Swiss luxury conglomerate behind Cartier and Montblanc closes the first quarter with a 3% growth, despite a 7% decline in its watchmaking segment and sluggish performance in Asia.

Barcelona welcomes the Swedish cult brand with a fresh store concept after Ben Gorham’s departure, while a British niche perfumery brand unveils its inaugural Spanish boutique.

As Marta Ortega and Óscar García Maceiras mark their fourth year of leadership, a new corporate general management position emerges amidst Mango’s reorganization after its founder’s demise.

The U.S. group that owns the Coach brand has increased its stake in the sustainable leather manufacturer in a $15 million funding round, aiming to get closer to Generation Z.

The CEO of the Spanish retail giant, number one in the world, said that the company is keeping its expansion plan intact in the U.S., its main international market.

The group’s general shareholders’ meeting has formalized the appointment of Pontegadea’s CEO, Roberto Cibeira, as a new member of the board of directors. He bids farewell to outgoing Vice-Chairman José Arnau.

The Barcelona-based company has closed an €18 million seed round, with participation from the fashion distribution group. Both would be working to automate processes that traditional robotics has not been able to.

The Italian label brings on the Belgian creative mind, fresh off her Andam Grand Prize victory. She follows Francesco Risso, with a background of building her own brand and experience at Dries Van Noten and Marc Jacobs.

The historic French firm specializing in knitwear expects to exceed €10 million in sales by 2025. The funds will enable new international openings, strengthen the team and develop production techniques.

With a refined aesthetic and focus on quality over logos, Spain’s MR.AB is preparing its U.S. expansion as demand for discreet menswear continues to rise.

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.

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