Luxury fashion news and archive

Japan's luxury market remains resilient despite weak yen, falling wages and rising prices

Japan's general fashion and textile market began declining in the 1990s and contracted further during the Covid-19 pandemic. Although a gradual recovery has been observed in recent years, the market has yet to return to pre-pandemic levels. The domestic luxury market, however, has shown significant growth over the past five years despite the...

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Fashion

Why Merino wool is in demand now more than ever

The global wool industry is experiencing its strongest rally in decades, with Merino wool once again at the centre of fashion and performance innovation. In Australia, the world’s leading producer, the Eastern Market Indicator (EMI), the sector’s key benchmark, climbed 109 cents in recent weeks to reach 1,453 cents per kilogram, marking the...

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Puig growth slows to +3.17 percent, impacted by exchange rates

Madrid – Puig, the Spanish fashion and beauty multinational owning a brand portfolio that includes Carolina Herrera, Jean Paul Gaultier and Rabanne, has reported its sales for the third quarter of its current 2025 fiscal year. For the period ending September 30, the company was affected by exchange rates, closing with a revenue increase of +3.17...

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JP Morgan cuts Puig's share value to 12.50 euros, hitting a new stock market low

Madrid – Shares for the Spanish fashion and beauty group Puig hit a new all-time low during trading on Thursday, October 9, plummeting by 6.70 percent. This sharp decline was triggered by a major shift in stance from US investment bank JP Morgan, which reportedly cut its valuation of Puig's share price by 50 percent. The bank drastically lowered...

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Fashion

McCollough and Hernandez embrace Anderson's legacy in their debut for Loewe

Continuity and heritage. These two terms best summarise the new path Spanish brand Loewe has begun to tread, following the departure of Jonathan Anderson and the arrival of the duo Jack McCollough and Lazaro Hernandez as the new creative directors of the Spanish fashion house. This marks a new chapter in its nearly 200-year history. The North...

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Loewe grew by +9 percent in Jonathan Anderson's final year

Madrid – Spanish brand Loewe has presented the results for its main parent company, Loewe SA, for its latest 2024 financial year. The Madrid-based fashion house, owned by the French multinational holding company LVMH, once again achieved record turnover, although it experienced a notable drop in profits. These financial statements mark the end...

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People

Puig promotes Jose Manuel Albesa to deputy CEO

Madrid – Coinciding with the publication of the results recorded at the close of the first half of 2025, Puig has announced the restructuring of its Executive Committee, with the creation of the new position of deputy CEO. This position has been designated to senior executive, Jose Manuel Albesa. According to the Spanish fashion and beauty...

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Puig's net profit jumps 79 percent in first half of 2025

Madrid – Puig, the leading Spanish multinational in the fashion and beauty sectors and parent company of brands such as Carolina Herrera, Jean Paul Gaultier, Paco Rabanne, Nina Ricci, Byredo and Dries Van Noten, reported its results for the first half of the 2025 financial year after the market closed. This six-month period, ending on June 30,...

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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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TikTok creators driving luxury growth for younger consumers

TikTok is continuing to drive growth for luxury brands, especially with younger consumers and first-time buyers, through creator-generated content and peer validation, according to new data from the social media platform and research company AYTM. According to a study of more than 3,000 luxury consumers across the UK, US, France and Italy in May...

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Retail|INTERVIEW

Trent's new Barcelona store: Redefining fashion consumption through rental

Madrid-While fashion rental thrives in established markets like the US and UK, it's still emerging in Spain. However, growing consumer interest in sustainability and flexibility is creating opportunities for businesses seeking to diversify. Trent, an online platform founded by Laia Cuscó and Alejandro Assens in 2022, has gained stylist...

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Puig maintains outlook after opening year with sales increase of 7.8 percent

Madrid – Even with a blackout and unprecedented problems in communications networks in the history of Spain, the fashion and beauty multinational Puig responded to its scheduled meeting with investors. As planned, it presented the sales figures recorded during the first quarter of its new fiscal year of 2025 on Monday, after the markets closed....