h By Christian de Angelis

Dec 12, 2019 — 9:00am

Inditex beats H&M, highest profitability since 2014

The group got a gross margin of 60.8% from August to October, three tenths more than in the same period of 2018, and evolves in profitability better than its rival H&M.

h By C. J./ D. G.

Dec 12, 2019 — 8:57am

Decarbonization and circularity: how does the European Green Deal affect fashion?

Between Thursday and Friday, the European Commission will approve the European Green Deal, which aims to implement measures to make Europe climate neutral.

h By Andrea C. Rosales

Dec 12, 2019 — 8:54am

Petri Alava (Infinited Fiber): “There has been little innovation in textile”

Alava has been leading Infinited Fiber company since 2016, owned by H&M and specialized in a technology to produce new natural fibers from waste.

h By mds

Dec 11, 2019 — 7:01pm

Coty appoints former Mars exec as chief procurement officer

Pascal Baltussen will assume his position on January 1 and will report directly to Coty’s CEO Pierre Laubies. Last November the cosmetics company appointed Richard Jones, former Kering as global chief supply officer.

h By mds

Dec 11, 2019 — 6:48pm

Topshop CEO exits amidst restructuring

Paul Price leaves the company, that ended its fiscal year 2018 with losses of 138 million pounds (170.2 million dollars) after avoiding bankruptcy. It is not clear whether the company has begun the search for a replacement.

h By mds

Dec 11, 2019 — 6:18pm

Denim Première Vision visitors rate drops 15.5% in its last edition

The trade show specialized in denim, which took place between December 3 and 4 at the London Printworks London, welcomed 1,979 visitors.

h By mds

Dec 11, 2019 — 5:47pm

Shandong Ruyi: Moody’s downgrades company rating to CAA1

Analysts believe that the problem of the Chinese company’s debt is related to the acquisitions made by the company in the last ten years, which have meant paying out 40,000 million yuan (5.6 billion dollars).

h By mds

Dec 11, 2019 — 5:16pm

Brooks Brothers opens new store in Westfield London

The American company has opened its fourth store in the United Kingdom in one of the largest shopping malls in Europe, Westfield London.

h By Mds

Dec 11, 2019 — 4:57pm

Inditex sales climb 9.7% in third quarter, profit grows 14%

Zara’s parent company reached a revenue of 1.2 billion euros (1.3 million dollars) in the third quarter.

h By mds

Dec 11, 2019 — 4:56pm

Inditex hires more digital talent: appoints Anna Lange to the board

Lange is the chief executive officer of Mentis, the software company she founded in 2013. The executive is also member of the board of Orange, Pernod Ricard, amongst others.

h By mds

Dec 11, 2019 — 4:21pm

Inditex confirms full year 2019 outlook: like-for-like sales to grow 6%

The company plans to expand its selling space between 5% and 6% and estimates that the contribution of the new space to the growth of the group will be around 3%.

h By mds

Dec 11, 2019 — 4:20pm

Zara, Stradivarius and Bershka lead Inditex openings in the third quarter

Zara was the chain of the group with more openings in the period with 16 new stores. Stradivarius opened 12 and Bershka and Oysho opened ten each.

h By mds

Dec 11, 2019 — 4:19pm

Inditex completes landing in the US with online launch of Uterqüe and Stradivarius

Zara was the chain with most openings in the third quarter, followed by Stradivarius, with 12 new stores and Bershka and Oysho with ten new stores each.

h By I. P. G.

Dec 11, 2019 — 9:00am

Manteco forecasts 8% growth fueled by ‘eco’ turn

The company, which supplies to H&M, Inditex, Mango, Kering or LVMH, has grown 18% per year since 2012 and plans to grow 8% this year.

h By P. R./ I. P. G.

Dec 11, 2019 — 8:57am

Spanish Mango negotiates its comeback to Morocco with Nike’s partner in Africa

The Spanish company is in conversations with the Maltese group Hudson to open stores in the main cities of the country.

h By C. J.

Dec 11, 2019 — 8:54am

What is the Fashion Industry Charter for Climate Action and who’s in it

h By mds

Dec 10, 2019 — 7:16pm

Loewe opens its first store in New York

The luxury company, owned by French luxury holding LVMH, has opened a store at 76 Green Street in Soho, New York.

h By mds

Dec 10, 2019 — 6:47pm

Marc Jacobs and Safilo sign early license renewal

The group has renewed the license of the company owned by LVMH after ending licenses of Dior in September, and Gucci in 2016.

h By mds

Dec 10, 2019 — 6:30pm

Mytheresa expands its offer: launches menswear

The German luxury online retailer will launch its menswear in January 2020 and it will have an offer of 120 brands.

h By mds

Dec 10, 2019 — 5:55pm

H&M drives its sustainability strategy forward: participates in COP25

The Swedish fashion retailer wants to reduce its greenhouse gas emissions into the atmosphere throughout its value chain in 2040.