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

In an effort to bolster local fashion labels and fortify supply chains, the government has entrusted Merak Capital, a private firm, with the lead, backed primarily by the cultural development fund.

Facing heightened tariff challenges, the company forecasts a $1.5 billion impact for the fiscal year. The U.S. conglomerate reports a 30% drop in net profit and a 3.2-point decline in its gross margin.

In a €1.25 billion transaction, the European Commission has approved Prada Group’s purchase of Versace, confirming no competition hurdles.

As part of its aggressive expansion into the American market, the Spanish fashion company has unveiled two new stores in 2025, first landing in Houston in June and now opening its doors in Los Angeles.

As the Swiss sports equipment group nears the end of its ambitious three-year growth plan, Scott Maguire is poised to drive the final effort to outpace competitors Nike and Adidas in market share.

The Danish jewelry powerhouse is gearing up for a leadership shift. Alexander Lacik, the CEO for almost seven years, will vacate his position in 2026, making way for Berta de Pablos-Barbier, the brand’s current marketing head, who will assume the role next March.

American investment bank lowers its investment recommendation on the fragrance market, predicting a shift in the cycle after three years of perfumes dominating as the industry’s strongest category.

Matthew Ives steps in as CEO, succeeding interim leader Andrew Holmes from 2024. The British executive will report directly to Philippe Fortunato, head of the Swiss luxury group’s fashion and accessory maisons.

Coty’s leadership shake-up sees the appointment of a new president for its cosmetics line, as the company weighs ‘divestitures and spin-offs’ in response to ongoing industry rumors.

After over three decades as the steward of her family’s legacy, Silvia Venturini Fendi transitions to an honorary role at the brand. This shift comes amid a strategic overhaul following Kim Jones’ departure.

In a move towards sustainability, the renowned Italian lingerie company launches Life Re-Tights, a program that will repurpose recycled hosiery into new creations, thanks to collaborations across the supply chain and EU financial backing.

The private equity firm has stepped in to save 156 stores of the U.S. accessories brand, securing employment for 1,000 individuals across the UK, though the sale price remains confidential.

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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

Saudi Arabia Launches €68 Million Fund to Boost National Fashion Industry

Modaes

1 oct 2025 - 07:14

Nike Posts Strong Q1 Sales Despite Sluggish Profitability

Modaes

1 oct 2025 - 06:01

Prada Secures EU Approval for Versace Acquisition

Modaes

30 sep 2025 - 14:39

Bridal Fashion Leader Rosa Clará Expands U.S. Footprint with New Los Angeles Boutique

Modaes

30 sep 2025 - 14:37

On Enhances Executive Line-Up with New COO During Expansion Phase

Modaes

30 sep 2025 - 14:25

Pandora Appoints Former President of Moët & Chandon Berta De Pablos-Barbier as CEO

Modaes

30 sep 2025 - 06:53

Puig Faces Downgrade from Bank of America Amid Fragrance Sector ‘Slowdown’

Modaes

30 sep 2025 - 06:48

Richemont Strengthens Dunhill with Former Cartier Exec as CEO

Modaes

30 sep 2025 - 06:45

Coty Merges Beauty and Fragrance Divisions, Signals Potential Divestitures

Modaes

30 sep 2025 - 06:43

Fendi’s New Era: Silvia Venturini Steps Back, Paving Way for Creative Transition

Modaes

29 sep 2025 - 15:55

Calzedonia Teams Up with Companies to Advance Tights Recycling Initiative

Modaes

29 sep 2025 - 15:47

Claire’s Rescues Half of Its UK and Ireland Stores with Modella Capital Acquisition

Modaes

29 sep 2025 - 15:36