Companies

Luxury digital powerhouse divests shares in one of its brands to an investor group in a $30 million deal, aiming for $4 billion in revenue by 2030.

The American conglomerate, known for owning brands like Lee and Wrangler, expanded its brand portfolio this June with the acquisition of the Norwegian outdoor fashion company, which will now be globally led by Børre Hegbom.

The American powerhouse wraps up the first nine months of its fiscal year with $2.327 billion in revenue and a net profit of $84 million, as Q3 challenges hit the bottom line.

The American fashion powerhouse narrowly avoided third-quarter losses, yet profits tumbled by 27%. Year-to-date losses have ballooned to a staggering $186.4 million.

With Iberia positioned within the ‘big six’ markets of the US giant, Laura López, Vice President for the region, highlights substantial growth opportunities, buoyed by the strength of Dick’s.

With 30% of its operations rooted in the U.S., the Spanish company still grapples with the luxury industry’s crisis, likely disrupting its anticipated growth, aiming for a 26 million turnover this fiscal year.

Inditex marks its 50th anniversary with a sprawling 20,400-square-feet store and its debut café, enhancing the customer experience strategy, joining the Hermosilla Street location in Madrid.

The fragrance and cosmetics giant concludes Q3 with stagnant sales in its flagship division and a shrinking U.S. market presence. The company faces challenges from currency fluctuations and sector dynamics.

Italian label, backed by Auriel Investment, has inked a deal with Tomorrow platform to take on the global wholesale operations of Cavalli starting Fall 2026, marking a new chapter in the brand’s international expansion.

The group wrapped up its fiscal year ending in April with a revenue of 374.6 million pounds ($495.3 million) and profits of 33.3 million pounds ($44 million), marking a turnaround from last year’s losses.

On the heels of a challenging sales year, the Italian brand makes a comeback. As it wraps up its integration with Vsp Vision, the group’s slipping sales in America, a major market, shift its attention towards opportunities in Asia.

The company, which ended its last fiscal year in the red, welcomes the improved figures but remains cautious about consumer spending weakness and the $100 million tariff impact projected for this year.

Founded in 1945, the French group has entered judicial proceedings to restructure its debt, aiming to address years of accumulated decline amidst a turbulent domestic market undergoing transformations and bankruptcies.

The sportswear giant has reported revenues of €5.973 billion and a gross profit of €2.754 billion, both falling short of the figures recorded by the company during the same period last year.

In the face of waning apparel demand and burgeoning inventory, Mexico’s department store behemoth is betting big on the final quarter to secure its profitability.

The Italian powerhouse streamlines operations with the merge of Se-Schema Eta and Bm-Benetton Manufacturing, both under the Edizione umbrella. This strategic move comes amid losses recorded by both entities in 2024.

As the board prepares to meet today, all eyes are on Bottazzini’s future with the Spanish company. Appointed as CEO just over a year ago, Bottazzini first came on board as a personal consultant to Marta Álvarez, the chairwoman.

Starting January 1st, 2026, the German e-commerce powerhouse will welcome a new executive to their leadership team, aligning with their European expansion strategy and succeeding David Schröder, who will return to his role as co-CEO.

The Swedish retail titan partners with a leading cotton mechanical recycling company, with whom it has been co-developing products since early last year. The garments are set for mainstream retail rollout.

The Italian outdoor fashion conglomerate attributes its financial dip to global geopolitical tensions and restrained consumer spending. Regional highlights include robust performances in America and China, while EMEA and Japan show signs of weakness.

While the company achieved impressive results throughout the year, it faced setbacks in the third quarter in its footwear segment and within the US market. Still, the company has increased its annual projections.

Once a landmark name among Spain’s emerging brands, Ananas Anam, the creator of Piñatex, now faces an unexpected end with a buyout offer from fruit giant Del Monte. What caused the unraveling of this pineapple promise?

Spanish footwear company steps into the UK with its first standalone store in Soho, London, as previously reported by Modaes. This opening follows its recent launches in Amsterdam and New York.

In a strategic move, the U.S. e-commerce behemoth is set to trim 10% of its office personnel, marking 1.55% of its global workforce. This comes after a significant 27,000 job cuts in 2022 as it emerged from the pandemic.

VF Corporation, the powerhouse parent of The North Face, Vans, and Timberland, reported a 0.8% increase in sales for the first half, reaching $4.563 billion, as it strategically aims to cut its debt by 21% post-Dickies sale.

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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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