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Puig shares plummet after Estée Lauder negotiations end

Madrid – The market's response to the announcement of the unsuccessful end to negotiations between Puig and The Estée Lauder Companies regarding a potential merger of their businesses has been swift. It has come in the form of a severe penalty for the Spanish company. The group's shares opened Friday's trading session, May 22, 2026, by...

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ANDAM Innovation Award 2026: Alphalyr illustrates the rise of AI in the fashion value chain

Alphalyr, an AI platform for supply, retail and e-commerce data analysis, is the winner of the ANDAM Innovation Award 2026. The company will receive a grant of 100,000 euros. Pili, which develops bio-based dyes intended to replace petrochemical alternatives, has received the special jury prize. This 2026 edition shows that fashion innovation is...

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H&M: why the Persson family is buying back its own shares on a massive scale

H&M's founding family is continuing to purchase shares in the Swedish group. Its holding company, Ramsbury Invest, has acquired almost 39 million euros worth of additional shares. This is part of a series of regular transactions over several months, as the stock has underperformed since the start of the year. This methodical signal is being...

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Vinted: purchasing power, resale and climate at the heart of 2025 impact report

Vinted's 2025 impact report aims to demonstrate that second-hand fashion has become a lever for consumer purchasing power, a tool for economic circularity and a means of reducing fashion's environmental impact. According to Vinted, one of Europe's leading second-hand fashion platforms, users saved 21.6 billion euros (25.07 billion dollars) on...

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No merger: Puig and Estée Lauder end negotiations without an agreement

Madrid – After nearly two months of intense negotiations, there will be no merger, acquisition, absorption, or any similar operation leading to the integration of the Spanish fashion and beauty multinational Puig group and the American company The Estée Lauder Companies into a single entity. Both companies have now announced through separate...

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Walmart performs better than expected, but consumer is under pressure

New York - American retail giant Walmart published a higher-than-expected turnover on Thursday for its first quarter, which runs from February to April. Its executives warned that American consumers were being constrained by the return of inflation. Turnover reached 177.8 billion dollars, an increase of 7 percent compared to the same period last...

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French upcycler Losanje receives 6.7 million euro capital injection

French company Losanje, which specialises in textile upcycling, has secured a capital injection of 6.7 million euros (7.79 million dollars). Upcycling involves reusing existing materials to create a new product, such as making a bag from a pair of jeans. This process increases the value of the residual product, turning textile waste into a...

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Dior: Delphine Arnault champions price caution to win back clientele

Delphine Arnault, chief executive officer of Dior, has announced a reassessment of the house's pricing policy for certain products, reports the Financial Times. The announcement was made at the Business of Luxury conference, organised by the British newspaper and held on Monday in Puglia. The head of the LVMH group's second-largest brand by...

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Marquee Brands signs agreement with Damac Group to acquire majority stake in Roberto Cavalli

Marquee Brands has announced a definitive agreement to acquire a majority stake in Roberto Cavalli, through a strategic partnership with the Dubai-based Damac Group. Closing of the transaction is expected in the second quarter of 2026 The transaction is expected to close in the second quarter of 2026, after which Damac Group will “remain a...

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Pronovias enters administration for its sale to Cap Capital

Madrid – The pre-arranged steps for the swift acquisition of Pronovias by Cap Capital continue to be strictly followed. The leading global company in the bridal fashion sector has now been placed into administration. This is part of the “pre-pack” administration process that will conclude with its sale to the British investment group. According...

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DSSLR, founded by Puma founder's grandson, initiates insolvency proceedings

DSSLR GmbH, the company founded by Christoph Dassler, has filed for insolvency. Preliminary insolvency proceedings were initiated last week for the Herzogenaurach-based sportswear brand. The responsible Nuremberg District Court announced the proceedings. Jochen Zaremba, a lawyer from the Nuremberg-based restructuring firm Schwartz, has been...

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Giambattista Valli regains control of his fashion house

Italian designer Giambattista Valli is regaining full control of his Parisian fashion house. According to reports from WWD, an agreement has been reached to buy back all shares held by Artémis, the investment holding company of the Pinault family. This transaction marks the end of a multi-year financial collaboration and signals the return to...