Latest Articles in Business

Puig to present its new strategic plan on October 28

Madrid – In one of the week's major business stories, Puig held its 2026 Annual General Meeting last Friday, May 29. The meeting proceeded as planned, with shareholders approving every item on the agenda. These items ranged from the approval of the group's financial and non-financial statements for the 2025 financial year to the renewal of its...

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Business|CONGRESS

Data as new raw material: European textile industry redefines its digital future

The Textile ETP Annual Assembly brought together over one hundred professionals from the textile industry at the Amsterdam Fashion Institute (AMFI) last week. Researchers, engineers, innovation managers and technology companies attended the event. It was marked by the challenges of an industry seeking to redefine its future amidst regulatory...

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Business

Amazon announces "three new logistics sites" in France

Paris - Amazon plans to invest more than 15 billion euros (17.49 billion dollars) in France over three years. The company announced on Monday "three new logistics sites" intended to create 1,000 permanent jobs. These will be in addition to the more than 7,000 already promised by the company in early May. "Amazon is strengthening its presence...

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Business|Interview

Textile production in Germany: “Inventing Industry 7.0” at Textile Factory 7.0

The German government-funded future project, “Textile Factory 7.0” (T7), launched almost a year ago. It is a collaboration between the University of Applied Sciences Hochschule Niederrhein (HSNR) and other stakeholders from research, business and local authorities. The ambitious goals were announced in July 2025 already: Production and business...

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Business

Zalando's agreement with Vestiaire Collective officially launches the 'new new' era

This Thursday, the platforms Vestiaire Collective and Zalando announced a partnership that pushes the boundaries of the resale market. By partnering with a powerful e-commerce player, capable of selling pre-loved items in 14 European markets to millions of visitors, Vestiaire Collective is ushering second-hand fashion into a new era: that of the...

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Business

Ganni acknowledges progress and outstanding goals in its 2025 responsibility report

Danish fashion brand Ganni has published its 2025 Responsibility Report, which concludes its Gameplan 2.0 (2023–2025) sustainability strategy and introduces Gameplan 3.0, the new framework that will guide its environmental and social commitments until 2028. The document outlines unmet goals, structural barriers yet to be resolved and a...

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Business

Le Coq Sportif redefines its Iberian game with a distribution partner

The French brand Le Coq Sportif has signed a strategic agreement with Albion 1879 SL to drive its growth in the Iberian Peninsula. The focus will be on Spain and Portugal, aiming to accelerate its consolidation in the premium sport lifestyle segment. The move follows the company's restructuring after its Spanish subsidiary entered insolvency...

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Business

EU imposes 200 million euro fine on online retailer Temu

The European Commission has imposed a 200 million euro fine on the Chinese online marketplace Temu for illegal products. The Brussels authority announced that the company had failed to properly assess the risks and damages to consumers. This is a particularly serious breach of the Digital Services Act (DSA). Consumers in the EU were highly...

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Business

Zalando expands pre-owned offering through partnership with Vestiaire Collective

Vestiaire Collective is bringing second-hand luxury fashion to Zalando. The Berlin-based online retailer and the French resale platform have entered into a partnership, the two companies announced on Thursday. A hand-checked selection of second-hand luxury items will now be available on Zalando. The collaboration will be rolled out in 14...

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Portugal's textile exports find new life outside Europe

Portuguese textile and apparel exports closed the first quarter of 2026 with moderate yet significant growth. This progress comes amid a challenging environment where a decline in several European markets was offset by growth in non-EU destinations. Between January and March, the sector's international sales reached 1.44 billion euros (1.67...

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Business

Fashion tech platform Vaayu acquired by Carbonfact

French sustainability platform Carbonfact has acquired its German competitor Vaayu Tech GmbH. The companies made a joint announcement today. The purchase price has not yet been disclosed. The acquisition brings the two largest decarbonisation tools for the fashion industry under one roof. Existing clients will migrate to Carbonfact. The combined...

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Galería Canalejas, central Madrid's 'luxury mecca', is up for sale

Madrid – The Spanish multinational OHLA, successor to the former OHL of the Villar Mir Group, will put the exclusive Galería Canalejas shopping complex up for sale at the end of the year. This was announced by its chairman of the board of directors and main shareholder, Luis Amodio. He has ruled out the possibility of the transaction being...