Modaes

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Modaes is Spain’s leading business news outlet covering the fashion industry. Founded in 2009, Modaes was created to serve as the go-to tool for fashion professionals in the country to stay informed about the industry and make better business decisions.

News by Modaes

The UK-based group, under the leadership of Newton-Jones, has expanded its portfolio by acquiring the luxury London fashion brand, unveiling an ‘innovative’ strategic plan. LK Bennett caught the eye of British retailer Next earlier this year.

In a bid to navigate the reputational crisis surrounding department stores, the group distances itself following the controversy over hosting the first permanent Shein store in the country. A Canadian asset manager might be the potential buyer.

The company, having finalized the $600 million sale of Dickies last September, reported a 1.48% sales boost for the period ending last December. The gross margin reached 56.3% for the quarter.

The children’s and teen accessory chain has filed for bankruptcy for the second time in under a year. U.S. consultancy firm Kroll has been appointed as the company’s administrator.

The Asian e-commerce leader, in its debut meeting with the organization, suggests compiling a ‘serial offenders’ list to address the scandal of child-like sex dolls on its platform.

The US e-commerce behemoth has undertaken two massive restructuring phases within three months, terminating 30,000 jobs worldwide. This move represents the most extensive workforce reduction seen since 2022.

The Irish fast-fashion giant is set to expand its footprint in the Middle East with new stores in Dubai, Bahrain, and Qatar. This strategic move will extend the brand’s presence to 21 countries, even as it faces a challenging year with declining sales.

Shares of the French group plummeted on the first trading day post-earnings announcement, revealing a 13.3% drop in profit and a 5% decline in revenue.

The bridal fashion company undergoes yet another management shake-up nearly a decade after the Palatchi family sold it. Abencys is on the hunt for a buyer for the entire business, though a piecemeal sale remains on the table.

Frank Sluis has transitioned from the food industry to join the company, stepping into the shoes of Martin Hoffmann, who took on the dual role of CEO and CFO after his appointment in the sports enterprise.

Strengthening its hold, the French luxury powerhouse has secured an additional 9% of the Italian label for €1 billion, raising its total stake to 94% and pegging the company’s valuation at €11 billion.

The Italian brand experiences a downturn in annual revenue, with a significant 16.6% decline in Asia-Pacific and a marked drop in its leading footwear line impacting overall performance.

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Modaes | News by Modaes | Modaes Global. Modaes is Spain’s leading business news outlet covering the fashion industry. Founded in 2009, Modaes was created to serve as the… - Modaes Global.

Modaes

News by Modaes

Gordon Brothers Takes Over LK Bennett, Sets Stage for Global Expansion

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