Articles by Jaime Martinez
Pronovias reportedly up for sale
Madrid – Pronovias is up for sale. The goal is to find a new investment partner with the commitment and strength necessary to fully turn around its struggling business model. Its current owners, US private equity funds Bain Capital and Clearlake, have managed to patch up the structures. However, they remain affected following the disruption...
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US company Alpha Modus sues Inditex for patent infringement
Madrid – US-based Alpha Modus, a company specialising in the development of technological solutions for retail, has filed a lawsuit against Spanish fashion multinational Inditex for patent infringement. Alpha Modus argues that the owner of chains such as Zara, Massimo Dutti and Bershka has violated its intellectual and industrial property. This...
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Repsol enters textile recycling, takes a stake in Coleo
Madrid – The Spanish group Coleo, one of Europe's leading companies specialising in recycling and recovering textile waste, has welcomed the Spanish multinational energy company Repsol as a new investment partner. Through its social entity, Fundación Repsol, the company has now formalised its investment in one of the main subsidiaries of the...
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Urban Outfitters reaffirms growth strategy in Spain
US fashion group and retailer Urban Outfitters has strengthened its presence in Spain with the opening of its new store in the heart of Valencia this Thursday, November 13. The new flagship store marks the North American firm's return to a growth strategy in the country. The company has described Spain, where it now operates a total of four...
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Multiply approves integration of Two Point Zero and Ghitha, boosts valuation to 28 billion euros
Madrid – Following the news reported by FashionUnited last week, an extraordinary General Shareholders' Meeting for Multiply Group, the parent company of Tendam, was held this Monday at its Abu Dhabi headquarters. The meeting was convened to address the complex financial transaction for the integration, via acquisition, of two Emirati companies...
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Zara confirms “fashion house” strategy through collaboration with Ludovic de Saint Sernin
Zara has announced the development and upcoming launch of a capsule collection designed by the celebrated young French fashion designer Ludovic de Saint Sernin. Through this global project, the flagship of the Spanish fashion group Inditex takes another step in its strategy. The goal is to transform from a clothing brand into a “fashion house”...
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Recover scales up and starts commercialising finished fabric and garments
Madrid – The Spanish company Recover, a global pioneer specialising in the production of recycled cotton fibres, is scaling up its operations. It is launching the production and commercialisation of low-environmental-impact finished fabrics and garments. These products are now available to any interested company. The aim is to help “democratise”...
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Spanish brand Nude Project prepares for permanent US launch
Madrid – “It has exceeded all our expectations.” These were the words from Nude Project's management when assessing the pop-up activation launched in Miami at the end of last October. This was the brand's first of its kind in the US, and its success has confirmed plans for a permanent launch in the country. Opened on October 11 at 151 Northeast...
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Mango partners with TextileGenesis to trace its supply chain
Madrid – The Dutch company TextileGenesis, which specialises in traceability solutions for the textile and fashion industries, has just announced its partnership with the Spanish fashion multinational Mango. They began a collaboration in 2023, which is now scaling up. The Andic family's company is adopting TextileGenesis' tools to trace and shed...
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Inditex's Zara launches first standalone menswear boutique in the US
Madrid – Zara, the Inditex group's leading fashion chain by turnover, has just opened its first store in the US dedicated exclusively to menswear. This opening follows the store model and curated shopping experience presented by the chain in Madrid just over a year ago, albeit with some nuances. The company is relaunching a format it seemed to...
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