Latest Articles in Business

Tilt raises 26 million dollars with Vinted Ventures

The start-up Tilt, an e-commerce platform specialising in live shopping and live auctions, has reached a key milestone by announcing a 26 million dollar funding round on LinkedIn. While the funding intends to accelerate the platform's technological innovations, the core element of this announcement is the major and highly strategic participation...

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Business|Artificial Intelligence

Spanish startup Flipflow closes a three million euro funding round backed by Puig and Mango

Madrid – Valencia-based startup Flipflow, a market analytics firm specialising in the retail sector, announced this week that it has successfully completed a three million euro funding round. This injection of funds will allow the company to accelerate the technological development of its solutions for the retail industry and its international...

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Business

France fines Shein over 22 million euros for traceability and consumer law violations

France's fraud authority has issued two fines to Shein totalling over 22 million euros (25.56 million dollars), it announced on Wednesday. The authority cited failures related to product traceability, environmental claims, withdrawal periods and delivery times. The institution, which reports to the French Ministry of Finance, has increased the...

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Business

New US tariffs loom for economies failing to prevent forced labour goods

The US has threatened 60 economies with new tariffs for failing to prevent imports of products made with alleged forced labour or for inadequately enforcing existing import bans. The Office of the US Trade Representative announced this late on Tuesday evening (local time). Consequently, the European Union (EU), the UK and Switzerland, as well as...

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Business

Inditex calls annual general meeting for July 7

Madrid – Following the publication of its first quarter 2026 results, Inditex has called its investors to the 2026 Annual General Meeting, scheduled for Tuesday, July 7. During the meeting, the appointment of José Ignacio Goirigolzarri Tellaeche as a new independent director on the Inditex Board of Directors will be proposed. Goirigolzarri is...

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Business

Danish brand Fine Chaos to close

Fine Chaos is closing five years after its launch and will celebrate one last time during Copenhagen Fashion Week. The Danish fashion brand, founded in early 2021 by Ludvig Isaksen and creative director Marc Møllerskov, will cease operations in August. Isaksen announced the news in an email to FashionUnited. “The vision we set for ourselves in...

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Business

Inditex reports best first quarter in its history with sales of 8.75 billion euros

Madrid – Spanish fashion multinational Inditex group reported its results for the first quarter of 2026 earlier today. The company, which owns chains such as Zara, Bershka and Massimo Dutti, completed the three-month period from February 1 to April 30 by recording its best first-quarter results in its history. According to information submitted...

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Business

Victoria’s Secret raises full-year forecast after surprisingly strong first quarter

US lingerie retailer Victoria’s Secret & Co. exceeded its own targets and analysts' expectations in the first quarter of the 2026/27 financial year. The management subsequently raised its full-year forecast on Tuesday. In the 13 weeks to May 2, the parent company of the Victoria’s Secret, Pink and Adore Me brands generated sales of 1.56 billion...

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Business|Artificial intelligence

Spanish AI platform Modelia closes 1.2 million dollar funding round to scale operations

Madrid – Modelia, the Spanish international business-to-business (B2B) platform specialising in AI-generated image creation and management for the fashion industry, has announced the successful completion of a 1.2 million dollar seed funding round. The capital will be used to drive and further scale its operations, with the US currently standing...

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Business

On reveals its strategic plan for Spain

Madrid – On Running, or simply On for true sports enthusiasts, celebrated the final of its ‘On Squad Race’ initiative in Barcelona this past weekend, featuring teams from France, Italy and Spain. The relay competition has been promoted globally by the brand. FashionUnited had the privilege of participating first-hand, an experience that provided...

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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...