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Nextil benefits from Trump's tariffs: 175 million dollar contract with US-based Maxum

Madrid – The Spanish textile company Nextil Group has secured a major partnership with the US multinational Maxum International Group, becoming a key player in Maxum’s supply chain. This partnership is a direct result of the relocation of production by US companies, driven by the new trade and tariff policies of President Donald J. Trump. The...

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Bimba y Lola's H1 revenue increases 7 percent driven by retail

Madrid – Bimba y Lola has reported a strong performance for the first half of its 2025 financial year, with revenue growing by 7 percent, more than double the growth rate from the same period last year. While specific total revenue figures were not disclosed, the company's financial health seems robust, building on a year that closed with total...

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Hype products, collaborations and outerwear: What chinese consumers want

Chinese consumers have been faced with an unstable economy and ever-new challenges since the pandemic. This is also reflected in their shopping behaviour. Although uncertainties such as the trade dispute with the US and the real estate crisis are putting additional strain on consumers and dampening consumer sentiment, private households seem to...

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Kering to develop Valentino eyewear

Paris - French luxury group Kering, which holds a 30 percent stake in the Valentino fashion house, is set to develop and distribute Valentino's eyewear collections. This new partnership between Kering Eyewear and Valentino will begin on January 1, 2026, marking the start of a long-term collaboration. According to a press release issued on...

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Armani's succession plan: Sale of company shares mandated in will

More information is emerging about the future of the late designer Giorgio Armani's company. New reports state that his heirs must sell a share of the company or initiate a stock market listing. News agency Reuters has seen a copy of the will. It states that the heirs must sell a 15 percent share within 18 months. At a later stage (between three...

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Petit Bateau acquisition by Regent: What's next for the French brand?

At the time of publishing, the acquisition of Petit Bateau by Regent from Groupe Rocher has not been finalised. Everything remains to be determined. All parties involved remain tight-lipped. "Given the recent announcements, the details and terms will be discussed with staff representatives as part of the ongoing legal procedures," Petit Bateau...

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US and China trade talks: Focus on economy, trade, and TikTok

The US and China will resume trade talks next week. The US Treasury announced that Treasury Secretary Scott Bessent will meet with Chinese representatives in Madrid. Among them will be Vice Premier He Lifeng, who has led previous talks for China. There was no immediate confirmation from Beijing. According to the US announcement, Bessent will...

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Swatch responds to US tariffs with special "39%" watch

Zurich - Watch brand Swatch has responded to US tariffs with a special edition watch. The design plays on the 39 percent levy imposed on Switzerland. The brand has pledged to stop selling the watch "as soon as the US changes its tariffs". The Swiss brand, known for its multicoloured plastic watches, has launched a model where the numbers three...

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Markets speak: Inditex rises and Puig falls after results presentation

Madrid – Puig and Inditex presented their respective balance sheets for the first half of 2025 between the afternoon of Tuesday, September 9 and the morning of Wednesday, September 10. The markets responded to these reports in clearly contrasting ways, reflecting both rejection and confidence from investors in their respective performances and...

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Kering postpones call option for Valentino

French luxury group Kering and Qatari investment firm Mayhoola have revised their agreement regarding the ownership structure of Italian fashion house Valentino. Both parties announced on Wednesday that Valentino's ownership structure will remain unchanged until at least 2028. Mayhoola currently holds 70 percent of Valentino's shares. Kering...

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Ask Ralph: Ralph Lauren launches AI-powered digital stylist with Microsoft

In the US, fashion house Ralph Lauren has launched Ask Ralph, a new AI-powered styling tool within the Ralph Lauren app. The digital assistant acts as a virtual stylist. It provides users with instant, personalised outfit advice from the womenswear and menswear Polo Ralph Lauren collections through simple questions or prompts. The tool was...

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Richemont chairman hopeful of negotiated solution on US tariffs

Zurich - Richemont chairman Johann Rupert expressed optimism for a negotiated solution regarding US tariffs on Swiss goods. He stated on Wednesday that the luxury group remains "well-positioned" for the long term. "I am in contact with the Swiss government and the heads of the negotiations in the US", Rupert said at the annual general meeting in...