Fashion Startup Founder Pleads Guilty in $300 Million Fraud
Christine Hunsicker admitted she falsified financial statements to promote CaaStle Inc. as a valuable, growing business when in reality it was struggling.
Madrid, Spain
Beauty
Spanish Surgeons Perform Pioneering Face Transplant
In a world first, the facial tissue came from a donor who had requested an assisted dying procedure.
Spanish Surgeons Perform Pioneering Face Transplant
In a world first, the facial tissue came from a donor who had requested an assisted dying procedure.
Beauty
Byredo, Paco Rabanne Owner Puig Sales Rise 8%
The Spanish beauty conglomerate saw growth in all three of its divisions, which include the Dr. Barbara Sturm, Charlotte Tilbury and Carolina Herrera brands.
Byredo, Paco Rabanne Owner Puig Sales Rise 8%
The Spanish beauty conglomerate saw growth in all three of its divisions, which include the Dr. Barbara Sturm, Charlotte Tilbury and Carolina Herrera brands.
Retail
Zara Owner’s Lean Business Model Helps It Cope With Pandemic
Inditex managed to reduce stock-in-trade by 19 percent at the end of July, softening the blow to earnings.
Zara Owner’s Lean Business Model Helps It Cope With Pandemic
Inditex managed to reduce stock-in-trade by 19 percent at the end of July, softening the blow to earnings.
Retail
Inditex Pledges to Maintain Workers’ Rights Throughout Its Supply Chain
In a joint agreement with global workers' union IndustriALL, the Zara owner has committed to ensuring health and safety standards are met and workers' rights to unionise are maintained.
Inditex Pledges to Maintain Workers’ Rights Throughout Its Supply Chain
In a joint agreement with global workers' union IndustriALL, the Zara owner has committed to ensuring health and safety standards are met and workers' rights to unionise are maintained.
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Retail
Inditex Posts Quarterly Loss Following Store Closures
The Zara owner reported a net loss of $465 million despite a 95 percent increase in online sales in April.
Inditex Posts Quarterly Loss Following Store Closures
The Zara owner reported a net loss of $465 million despite a 95 percent increase in online sales in April.
Retail
Zara Owner Built a Post-Covid Retailer Before Coronavirus
Inditex managed to rely on its online business to keep operations running, limiting the damage from shuttered stores.
Zara Owner Built a Post-Covid Retailer Before Coronavirus
Inditex managed to rely on its online business to keep operations running, limiting the damage from shuttered stores.
Retail
Report: Inditex to Reopen Stores in Spain Following Coronavirus Shutdown
The Zara owner will open several of its smaller stores as the Spanish government eases some lockdown restrictions, according to a source close to the company.
Report: Inditex to Reopen Stores in Spain Following Coronavirus Shutdown
The Zara owner will open several of its smaller stores as the Spanish government eases some lockdown restrictions, according to a source close to the company.
Global Markets
Global Garment Industry Calls for Support for Manufacturers
Major brands including H&M and Adidas are working with the International Labour Organisation to commit to paying factories for finished goods.
Global Garment Industry Calls for Support for Manufacturers
Major brands including H&M and Adidas are working with the International Labour Organisation to commit to paying factories for finished goods.
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Retail
A Spain Loosens Lockdown, Inditex Slowly Sends Employees Back to Work
The fashion giant's logistics centres in Spain have reopened, but the company is said to be taking measures to ensure staff safety.
A Spain Loosens Lockdown, Inditex Slowly Sends Employees Back to Work
The fashion giant's logistics centres in Spain have reopened, but the company is said to be taking measures to ensure staff safety.
Retail
Coronavirus Stalls Fashion Giant Inditex
The fast-fashion chain's operations have come to a halt as the coronavirus pandemic continues.
Coronavirus Stalls Fashion Giant Inditex
The fast-fashion chain's operations have come to a halt as the coronavirus pandemic continues.
Retail
Zara Owner Posts Strong Profit Growth
Inditex reported a net profit of €1.17 billion ($1.3 billion) for the third quarter and forecasts full-year sales growth of up to 6 percent.
Zara Owner Posts Strong Profit Growth
Inditex reported a net profit of €1.17 billion ($1.3 billion) for the third quarter and forecasts full-year sales growth of up to 6 percent.
Retail
Inditex Is Still Betting on Brick-and-Mortar Retail
The Zara-owner has cut the number of stores it has in its home market, but is expanding the footprint of existing locations.
Inditex Is Still Betting on Brick-and-Mortar Retail
The Zara-owner has cut the number of stores it has in its home market, but is expanding the footprint of existing locations.
The News in Brief
Victoria’s Secret Forecasts Its Best Year Since L Brands Split
The underwear company is anticipating net sales of at least $6.85 billion in the current fiscal year, exceeding analyst estimates and marking the highest revenue since its split from L Brands Inc in 2021.
Uniqlo Aims to Grow Tenfold in India With Summer-Centric Clothes
The Japanese brand is accelerating its expansion in India to capture a greater share of the rapidly growing apparel market and affluent consumer base.
Oasis Pressures Kao in Latest Japan Activist Investor Push
Activist fund Oasis Management Co. is calling on the Japanese personal care company to convene an extraordinary general meeting, seeking a probe into its supply-chain risk management and internal control.
American Eagle Forecasts Sales Growth Above Estimates on Demand From Wealthy Shoppers
The retailer surpassed annual sales forecasts but expects a $60 million drag from import tariffs in the first half of 2026.
Missoni Family Exits Namesake Brand
The transaction gives FSI, a Milan-based private equity fund, a controlling share in the Italian luxury house, as more founder-owned brands turn to investors to fund growth and weather a tough global market.
Ross Stores Forecasts Annual Sales Above Estimates on Resilient Demand for Discounted Apparel
Spend growth at off-price chains is among the strongest in retail, with gains across all income segments.
Abercrombie & Fitch Forecasts Muted Annual Sales Amid Tariff Uncertainty
The retailer said it was accounting for the 15 percent tariff announced by US president Donald Trump after the Supreme Court struck down most of his earlier tariffs.