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El Corte Inglés completes 500 million euro debt issuance

Madrid – El Corte Inglés, the Spanish department store group, has successfully completed a debt issuance totalling 500 million euros. The placement was executed through a bond issue with an interest rate of 3.5 percent and a maturity date in July 2033. According to details provided by the Spanish company's management, the transaction received...

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Mango reports strong H1, aims to make US one of top three markets by 2026

Madrid – Spanish fashion multinational Mango has just reported its sales figures for the first half of its current 2025 financial year, showcasing significant double-digit growth. According to the information provided by Mango's management, the Spanish company closed the first half of its 2025 financial year generating total sales of 1.73...

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Swatch Group's profits plummet in first half

Zurich - Swiss watchmaker Swatch Group published its half-year results on Thursday. The results were heavily affected by weak consumer spending in China, causing its net profit to plummet. The group, owner of the multicoloured plastic watch brand and other brands, including Tissot, Longines and Omega, saw its net profit fall to 17 million Swiss...

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Puig experiences slowdown in the Americas and in fragrances and fashion

Madrid – Puig, the leading Spanish multinational in the fashion and beauty sectors, has reported its sales figures for the second quarter of its 2025 financial year. This period ended on 30 June. The company acknowledges its accounts have been affected by exchange rates, especially due to the weakness of the US dollar. This weakness is a...

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Wrangler chooses Genesco for design and distribution of footwear line

Denim brand Wrangler wants to expand its presence in the footwear market. It has chosen to join the portfolio of wholesale distributor Genesco. Genesco will design, source and market footwear for men, women and children under the Wrangler brand. The two have signed a multi-year licensing agreement for this purpose. The two American companies...

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China criticises politicisation of global trade

Following the latest tariff threat from Washington, China indirectly criticised the US in the ongoing trade dispute. Vice premier He Lifeng, speaking at the opening of the supply chain expo in Beijing, said, "Currently, some countries, under the guise of risk reduction, are intervening in the market. They are imposing tariffs and enacting...

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About You reports progress in revenue and earnings after acquisition by Zalando

A few days after the acquisition by online retailer Zalando SE, Hamburg-based e-commerce group About You Holding SE (About You) presented its results for the first quarter of the 2025/26 financial year. On Tuesday, the company announced increases in revenue and operating profit, as expected. “The results were driven by the targeted...

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Richemont starts financial year with sales growth

Jewellery and watch group Richemont increased sales in the first three months of the 2025/26 financial year. The important Asian market is also showing signs of stabilisation. This comes after the company, like many other luxury companies, felt the effects of a recent consumer slump in China. Between April and June, Richemont's sales increased...

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Inditex sees profit grow in first half of 2025 as commercial activities pick up

Madrid – This morning, July 15, Inditex’s 2025 annual general meeting took place at the company’s headquarters in Arteixo, Galicia. The meeting, chaired by Marta Ortega Pérez, non-executive chair of the Spanish fashion multinational, saw the approval of the company's 2024 annual accounts. It also highlighted various ongoing initiatives and...

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Fairly Made relies on AI to enhance sourcing transparency in fashion

For traceability, simply making declarations is no longer enough. Fairly Made, a French green tech company specialising in sustainable fashion, has unveiled a new tool, Supply Chain Intelligence, to help leaders in fashion meet regulatory requirements, such as the CSRD, ESPR or AGEC. According to a survey conducted by the auditing firm...

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Anta sports remains on growth course in first half

Chinese trading group Anta Sports Products Limited (Anta Sports) increased its retail revenues in key segments in the first half of the 2025 financial year. This was according to an interim statement published by the company on Tuesday. No specific figures were disclosed, however. Revenue contributions from the German outdoor supplier Jack...

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Cotton and biodiversity: New report demonstrates key role of smallholder farmers

When it comes to cotton, many think of large companies responsible for its cultivation. However, according to Solidaridad figures from 2023, 70 percent of the world's cotton is produced by smallholder farmers. These are family farms of between one and ten hectares. Four key factors are responsible for agriculture contributing significantly to...