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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 British company has wrapped up the period with sales totaling 1.032 billion pounds ($1.35 billion) and an adjusted operating profit of 19 million pounds ($24.9 million), marking a rebound after two years of decline.

The Italian shoe-maker embarks on a restructuring journey to secure its EBIT margin at year-end, while forecasting a high single-digit fall in sales.

Kim Kardashian and Jens Grede’s company, backed by fresh financial resources, is set to extend its business avenues, diversify products, expand its store network, and push for international growth.

The French designer, honed in Antwerp and founder of Atlein, with stints at Balenciaga, Givenchy, and Saint Laurent, is appointed to lead the creative renaissance of the Mayhoola-controlled fashion entity.

Peter Bragdon and Joseph Boyle step into co-presidency roles at the American sportswear titan, as the company lays the groundwork for Timothy Boyle’s succession after his impressive four-decade tenure.

Italian footwear giant, owned by British private equity firm Permira, is nearing a deal with HongShan Group, the company behind PopMart, with a transaction expected in the coming weeks.

The German group has inked a long-term licensing deal with ULAC, previously holding a 49% stake in Puma’s subsidiary that spearheaded the business, managing production and distribution in the region.

The American fiber development company has broadened its manufacturing footprint in Asia, unveiling a second plant as part of its largest investment in the region, valued at over $98 million.

The next-generation materials company is set to raise between $500 million and $700 million by 2026, bolstered by a recent purchase agreement with sportswear titan, Nike.

Italian conglomerate continues its shopping spree by bolstering its home textiles division with Kasanova’s 700 stores, currently facing financial headwinds. OVS already has a foothold in the sector with its Croff chain.

The deal, set to be finalized next month, aims to bolster the financial framework of the Italian brand, which is 70% owned by a Qatar-backed investment fund and 30% by the French luxury powerhouse.

The iconic Missoni brand may soon see a shift in ownership as its founding family and the Italian Strategic Fund mull over a potential sale to the U.S. conglomerate behind Champion and Reebok, a company recently linked with Marc Jacobs negotiations.

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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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