Articles by Jaime Martinez
El Corte Inglés reduces emissions, collects over 630 tonnes of textile waste in department stores
Madrid – Spanish department store company El Corte Inglés continued to make solid progress towards its goal of becoming a “Net Zero” company by 2050 during the 2025 financial year. This goal has been approached through a general reduction in its greenhouse gas emissions. The company also continued to enhance the role of its department stores as...
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Inditex shares reach new all-time highs, up +40 percent over 12 months
Madrid – Kicking off what is already shaping up to be a particularly good summer for Inditex, the Spanish fashion multinational, owner of popular chains such as Zara, Bershka and Massimo Dutti, has started this August with its shares hitting new all-time highs. This stock market push has, in turn, led the company to also set a new record for...
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Inditex partners with MIT to transform brewery waste into circular textiles and dyes
Madrid – In the journey towards a more sustainable and circular model, the fashion and textile industries have found an unexpected partner: brewery waste. These materials, previously discarded, are now the subject of research by the Massachusetts Institute of Technology (MIT) and the University of La Coruña. The study, funded by Inditex, will...
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Tous profits plummet by 60 percent amid rising gold and silver prices
Madrid – On Monday, August 3, 2026, Spanish jewellery company Tous reported its performance during its last full financial year, 2025. The jewellery and lifestyle brand ended the period with a contraction in sales and a significant drop in net profit. This decline was influenced by three factors: exchange rates, a general increase in raw...
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Munich announces 65 redundancies and the closure of 15 stores in Spain
Madrid – Renowned Barcelona-based brand Munich, which specialises in the design and sale of fashion and footwear, has begun negotiations for a collective redundancy procedure. This will affect approximately 65 employees and involve the closure of 15 stores. The restructuring of its workforce and retail network is a result of the economic...
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El Corte Inglés drives Sfera's internationalisation with 28 new stores outside Spain
Madrid – Following its last Annual General Meeting exactly one week ago, the management of El Corte Inglés has now published the financial and non-financial reports for its 2025 financial year. The period ended on February 28, during which the company quietly continued to give a special international boost to Sfera, its fashion and accessories...
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Inditex-backed Epoch Biodesign acquires Spanish plant to scale recycled nylon production
Madrid – London-based biotechnology start-up Epoch Biodesign has announced the acquisition of the former Domo Polymer nylon 6,6 polymerisation plant in Blanes, Gerona. The company specialises in the enzymatic biorecycling of pre- and post-consumer textiles. The acquisition has been described as a “fundamental step” towards its goal of moving to...
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Puig profits fall by 4.4 percent in the first half of 2026
Madrid – On Thursday, July 30, 2026, at market close, the Spanish fashion and beauty multinational Puig reported its results for the first half of its 2026 fiscal year. The group owns fashion houses such as Jean Paul Gaultier, Paco Rabanne, Carolina Herrera and Byredo. The period, which ended on June 30, saw the company achieve low single-digit...
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Bershka prepares for US launch, debuting its new store concept in Spain
Madrid – Bershka, the Inditex group's (Inditex) leading youth fashion brand and its second-largest by turnover after Zara, continues to advance its sustained commitment to the physical channel. The brand has reopened its flagship store in the city of La Coruña in Spain. This point-of-sale is the most emblematic in its commercial network. The...
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Momad reviews its latest edition and announces dates for its next 2027 event
Madrid – Marking a turning point in its recent performance, Momad, the international fashion, footwear and accessories trade fair organised by Ifema Madrid (Ifema), held its latest edition from July 23 to 25. The organisation has now reviewed the three-day event, validating the new trade fair format that debuted at this latest edition. This...
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