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Inditex rewards its top executives with 14.8 million euros in shares

Madrid – Following the guidelines set for the execution of its 2023 to 2027 Long-Term Incentive Plan, the Spanish fashion multinational Inditex group has distributed 14.8 million euros (17.06 million dollars) in shares among its top executives. The company has included Carlos Torretta, husband of its executive chairwoman Marta Ortega Pérez, in...

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Shares in focus: Adidas and Puma defy Nike's influence amid supportive market environment

On Wednesday, shares in Adidas and Puma defied the disappointing outlook from US competitor Nike. While Nike's stock slumped by 10.5 percent to 47.25 dollars in pre-market US trading, the shares of the two German sportswear manufacturers recovered in a very strong overall market. In the Dax, however, Adidas shares rose by a below-average 0.6...

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AllSaints to streamline buying and merchandising with Impact Analytics

British fashion retailer AllSaints has partnered with Impact Analytics, an AI-native solution for retail decision-making, pricing, merchandising, and inventory optimisation, to modernise and scale its buying and merchandising operations to streamline its business processes. In a statement, AllSaints said it has selected Impact Analytics to adopt...

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Textile Exchange publishes policies ahead of Materials Matter Standard launch

Textile Exchange has released a comprehensive set of policies providing guidance for certification holders defining the steps required as they move from the organisation's existing standards to its it new Materials Matter Standard. The Transition Policy outlines the actions organisations must take to align with the new standard. The Scope and...

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Switzerland's Sulzer joins Spinnova to advance circular fibre production

Sulzer, a Swiss industrial engineering and manufacturing company, has officially joined Spinnova’s ecosystem to support the availability of the firm's fibre in the textile market. The collaboration expands on Sulzer’s role in Spinnova’s technology development and strengthens the consortium with advanced engineering expertise. Suzler is a major...

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Classic brands, new icons: PVH leverages pop culture for Tommy Hilfiger and Calvin Klein

At US fashion group PVH Corporation (PVH), the strategic priorities are clear. The company is focusing entirely on strengthening its two heritage brands, Tommy Hilfiger and Calvin Klein. Collaborations with prominent figures from the music and cultural sectors play a key role in this strategy. Recently, prestigious partnerships in professional...

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One year of 'Liberation Day': where Trump's tariff plans stand today

When Donald Trump issued an invitation to the White House Rose Garden exactly one year ago, it was already clear to many that something significant was coming. The topic was to be tariffs, “unfair trade” and the American economy. The US president celebrated it as “Liberation Day”. In Germany, the EU and other parts of the world, however, his...

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Esprit reduces annual loss following restructuring

Apparel provider Esprit presented its financial results for the first fiscal year following its major restructuring on Monday. After divesting the majority of its operational business, the parent company, Esprit Holdings Ltd., is now focusing entirely on a licensing model for the once-popular brand. Consequently, losses were significantly lower...

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Kering sells majority stake in Milan building for over one billion euros

French luxury group Kering announced on Wednesday it has sold a majority stake in a building in Milan to the Qatari Al Mirqab Group for over 1 billion euros (1.15 billion dollars). Kering announced the acquisition of the building for approximately 1.3 billion euros in April 2024. In a press release on Wednesday, the group stated it is “...

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Wacoal acquires Glamorise to bolster digital growth

The US-based Wacoal International Corporation (WIC), which serves as the parent company of Wacoal America, Inc., has announced an agreement to acquire all issued and outstanding shares of Glamorise. Based in New York, Glamorise specializes in the design, development, and e-commerce-driven sales of women’s innerwear. The strategic move is...

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Falke's managing partner: “We face challenges with tariffs that are economically damaging”

The hosiery and apparel supplier Falke KGaA, based in Schmallenberg in the Sauerland region of Germany, celebrated its 130th anniversary last year. The family business now employs the fifth generation and combines traditional craftsmanship values with continuous product development. The range includes sheer tights, trainer socks and functional...

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Reju secures 135 million euro funding for textile regeneration hub in the Netherlands

French company Reju has been awarded a 135 million euro (156.6 million dollars) subsidy from the Dutch government to advance its plans for a recycling centre in Limburg. The company, which is owned by the French tech firm Technip Energies, announced the development in a press release. The funds originate from the National Investment Scheme for...