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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

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.

Arc’teryx elevates its leadership team by appointing a former Tommy Hilfiger executive as Chief Brand Officer. The Vancouver-based technical brand, under Amer Sports, is also strengthening its regional structure in EMEA amid a growth surge.

Arnaud Reytan, a seasoned specialist in business restructuring, steps into the leadership role of the menswear and womenswear brand following Anne-Laure Couplet’s departure. Last March, Verdoso assumed control of The Kooples.

Spanish fashion distribution giant has emerged as the sole bidder for the coveted plot, leveraging a Madrid-based entity established last year. The final price tag, taxes included, stands at €78 million.

Under the new trade pact, European exporters could see annual tariff savings of up to €4 billion. The EU is optimistic about doubling its exports to the Asian market once the agreement is operational.

The first three quarters saw the British company amass 573 million pounds ($783 million) in revenue, while direct sales markets feel the pinch of fewer discounts.

British fashion powerhouse, renowned for its outerwear, has boosted its revenue by the close of its fiscal year 2025, ending April 30th, driven by robust demand for women’s apparel and accessories.

Chinese powerhouse, also the owner of Fila and majority shareholder of Amer Sports, steps up as the largest stakeholder in the German sports gear group. Anta acquires the Pinault family’s stake.

In efforts to optimize efficiency, the American sportswear giant has downsized its domestic workforce to “streamline operations and enforce greater discipline,“ according to a Reuters report.

A group of cybercriminals has claimed responsibility for an attack on the sportswear giant, although the company has yet to disclose specifics about the breach involving up to 1.4 terabytes of data.

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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

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