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Jott administration: three candidates vie for ready-to-wear company

Marseille (France) - The Marseille commercial court on Friday reviewed bids from three candidates to take over the Marseille-based ready-to-wear company Jott, known for its colourful down jackets. These were selected from around 15 potential buyers who came forward in February. The court will announce its decision on April 13. The Jott brand...

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Puig: The group that dreamed of becoming LVMH, yet may disappear under Estée Lauder's shadow

Madrid – Everyone has a price. This stark premise lies at the core of the current negotiations for a “potential” merger between the US group The Estée Lauder Companies and Spain’s Puig. The deal, should it materialise at the right valuation, could effectively subsume Puig’s 112-year history. Founded in 1914 in Barcelona by Antonio Puig Castelló...

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Nextil raises 13.9 million euros in promissory notes following acquisition of Sindutex

Madrid – Spanish textile multinational Nextil has announced the successful completion of its latest debt placement through its promissory note programme on the Alternative Fixed-Income Market (MARF). This financing operation follows the acquisition of a majority stake in the Portuguese company Sindutex. This morning, Nextil Group announced the...

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LuisaViaRoma workers go strike in Florence amid liquidation filing

Employees of Italian retailer LuisaViaRoma have gone on strike in Florence today, after union representatives announced that liquidation proceedings were being pursued by the company. As reported by La Nazione, the Italian court's protective measures under the negotiated crisis settlement procedure expired. LuisaViaRoma has announced it will...

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Hennes & Mauritz reports strong profit growth in first quarter despite sales decline

The Swedish apparel group Hennes & Mauritz AB (H&M) experienced a significant decline in sales in the first quarter of the 2025/26 financial year, largely due to negative currency effects. However, the parent company of brands such as H&M, Cos, Weekday, & Other Stories and Arket managed to significantly increase its profit. This was revealed in...

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Circular Assets: How SMCP is regaining control of the resale market to drive profitability

Long considered a peripheral or even competing market, second-hand fashion is now establishing itself as a new engine for growth and product cycle monetisation in affordable luxury. By deploying its own white-label resale solution, the SMCP Group is doing more than just following a trend: it is reclaiming a market segment that brands had...

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Estée Lauder loses 5.22 billion dollars on stock market after confirming Puig negotiations

Madrid – In Spain, investors, the market and analysts have enthusiastically welcomed the talks between Puig and The Estée Lauder Companies for a potential merger agreement. A decidedly opposite sentiment is being felt on the other side of the Atlantic, where the US beauty multinational's shares recorded another session in the red on March 24. On...

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Global economic update: oil prices fall, stock markets reassured amid Middle East conflict

Paris, France – The latest global economic developments on Wednesday at approximately 8am GMT, as the war in the Middle East enters its 26th day. Oil prices fall Oil prices fell on Wednesday, with Brent dropping below 100 dollars, following Iran's announcement that it would unblock the Strait of Hormuz for ships deemed “non-hostile” and the...

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Sandbridge Capital investment to fuel Jacquemus' international growth and beauty sector entry

According to sources from Modaes, Simon Porte Jacquemus has reportedly sold approximately 5 percent of his house to Sandbridge Capital, a Californian fund specialising in luxury, beauty and wellness. This transaction, although awaiting official confirmation, complements the financial structuring plan of a brand already engaged in a phase of...

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Ba&sh surpasses 300 million euros: drivers of an accelerated recovery

After two challenging financial years, Ba&sh has returned to a tangible growth trajectory. The French premium ready-to-wear brand once again surpassed 300 million euros (348 million dollars) in turnover in 2025, with a 9 percent like-for-like increase, according to data released by the group. In France, growth reached 11 percent, confirming a...

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Analysis: Financial health of independent designers threatened by Saks Global's restructuring

Last week, an unprecendented movement had begun in the fashion world. The leaders of the four main international industry organisations sent an open letter to Saks Global's CEO, Geoffroy van Raemdonck, urging him to guarantee payment of outstanding invoices to independent and emerging designers as part of the retailer's judicial restructuring....

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Kickers, San Marina, Pataugas: Chaussea's vertical integration strategy

By acquiring Kickers the French retail giant Chaussea is making more than just an opportunistic purchase. The Lorraine-based group has secured a 50-year-old brand, confirming the emergence of a strategic 'distributor-operator' model. This model allows for the vertical integration of struggling assets, fully leveraging the power of its 650-store...