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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 Fashion & Textile Association (UKFT) has wrapped up its study by presenting a comprehensive 2035 strategy, seeking government collaboration to uplift the nation’s textile infrastructure.

The British luxury conglomerate has navigated a transitional fiscal year, marked by steady revenues, a declining operating margin, and a negative bottom line due to exceptional expenses and mounting internal cost pressures.

The Italian conglomerate reports a 27% sales plunge and a dip into the red for the first half of the year, citing the luxury market downturn as a key factor. Aeffe and Pollini are notably impacted, while Alberta Ferretti and Moschino remain unscathed.

Leading a charge in local markets, the U.S. athletic giant leverages the Jordan brand in its latest expansion blueprint, aiming to rekindle its connection with the public.

The Italian footwear company is drawing attention from several Chinese investment funds, with HongShan standing out as the sole bidder with an offer to acquire 100% ownership from current stakeholder Permira.

Targeting further expansion in the luxury segment, the Japanese firm has strategically acquired an Italian company renowned for its metallic coating solutions, particularly for zippers.

The British footwear giant is pushing ahead with its global expansion plans despite a challenging fiscal year. Early this summer, the company revealed its entry into the Latin American market.

Propelled by Asia’s momentum and the robustness of retail, Brunello Cucinelli has achieved a 10.8% growth in the first nine months, reaching €1.019 billion in sales revenue. The brand stands firm on its business model amidst a stock market dip.

Italian luxury lingerie brand revives its Bologna production plant, re-employing 200 workers following a €25 million acquisition by Peter Kern last June.

In a strategic move towards its 2030 expansion goals, the Swiss powerhouse has revealed its intention to acquire a leading American fragrance company. The transaction is expected to finalize by the year’s end.

The Austrian cellulose fiber manufacturer cites tariff uncertainties in the Asian market as the driving force behind its decisions, which may include selling its Indonesian facilities.

Starting today, companies have the option to voluntarily disclose the environmental cost score of their garments, presented as a range from 0 to infinity, assessing the impact throughout the entire value chain.

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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

UK Seeks Funding for Ambitious Textile Recycling Infrastructure Initiative

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