Latest Articles in Business

Tendam profits soar by 26 percent, announces 100 openings for 2026

Madrid – Spanish fashion multinational Tendam, the parent company of chains such as Cortefiel, Women'secret and Springfield, reported its results for its latest 2025 fiscal year this Tuesday morning. The period ended on February 28, with the group achieving further growth in revenue and profits. These results will serve as a foundation to...

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Japanese fashion deal: Human Made acquires Undercover

Two Japanese fashion brands are joining forces. Human Made Corporation is acquiring 100 percent of the shares of Undercover Co. Ltd., according to various media outlets including Hypebeast. The deal will make Undercover a subsidiary of Human Made from the first quarter of the 2028 financial year. The two companies are no strangers to each other....

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El Corte Inglés boosts profits by +22.6 percent to 628 million euros in 2025

Madrid – Spanish department store group El Corte Inglés reported the results for its last fiscal year 2025 on Monday morning. For the period ending February 28, 2026, the company increased its revenues and profits while continuing to reduce its debt. According to information provided by the Spanish company's management, El Corte Inglés (ECI)...

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Fast fashion law: discussions to resume in parliament

Paris - More than two years after a bill to curb the rise of “fast fashion”, epitomised by the giant Shein, was adopted by the National Assembly, its progress will resume in parliament. A highly anticipated meeting has been scheduled for next week. Adopted by MPs in March 2024 and then by the Senate in June 2025, the bill from Horizons MP Anne-C...

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Trump announces definitive peace agreement with Iran and reopening of Hormuz

Madrid – The president of the United States, Donald J. Trump, has announced that the country has reached a definitive peace agreement with the Islamic Republic of Iran. This will put an end to the armed confrontations between the two countries and will allow for the complete, toll-free reopening of the Strait of Hormuz. The treaty will be...

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Theker robotics closes 85 million dollar funding round, backed by Inditex and the Arnaults (LVMH)

Madrid – Spanish robotics start-up Theker Robotics has confirmed the closing of its latest funding round of 85 million dollars. The emerging company specialises in the design, production and marketing of robots for industrial process automation. The funds were contributed by a diverse group of investors, both old and new. These include the...

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Sustainable fashion: consumers prioritize transparency and education, Paris Good Fashion reveals

The association Paris Good Fashion asked participants in its citizen consultation the question: “How can we make dressing sustainably and ethically desirable?”. Over 168,000 participants took part in the exercise. The main finding was that respondents' primary expectation is for more information, transparency and education, as they find the...

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Fashion company Laagam open-sources AI system for corporate knowledge management

What was the return on the last pop-up? Which deals were finalised in the meeting with a supplier three months ago? What observations did the sales team relay from their latest conversation with a key client? In most companies, answering such questions still requires a fragmented search. Information is typically scattered across documents,...

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Frasers announces two billion euro bid for Hugo Boss

London - British apparel company Frasers Group (Frasers) announced on Wednesday its intention to acquire the remaining capital of German premium clothing group Hugo Boss for almost two billion euros (2.31 billion. Frasers already holds more than a quarter of the company. As Hugo Boss is listed in Frankfurt, Frasers intends to “launch a voluntary...

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Bimba y Lola profits soar to eight million euros in 2025

Madrid – Galician fashion multinational Bimba y Lola has today reported on the profitability data recorded by the company at the close of its last fiscal year, 2025. These metrics provide a clearer and more complete picture of its actual performance over the past year. They supplement the initial estimated sales figures released by its...

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Seaweed fabric pioneer Keel Labs files for bankruptcy protection

Keel Labs, the US startup behind the first fabrics made from seaweed, filed for Chapter 11 bankruptcy protection with the North Carolina court on June 5. The company has an estimated ten million dollars in assets and one million dollars in liabilities. To produce Kelsun, biopolymers are extracted from seaweed and converted into threads through a...

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Counterfeiting proves costly for the fashion sector

European fashion retailers lose over 12 billion euros (13.88 billion dollars) annually on clothing and a further 2.7 billion euros on jewellery and handbags. This is according to research by the European Union Intellectual Property Office (EUIPO), which enforces intellectual property. The EUIPO states that consumers are willing to pay more for ‘...