México news and archive

Authentic Brands Group taps L’Oréal veteran to helm Mexico team

US fashion conglomerate Authentic Brands Group has named Victor Alvarino as its new senior vice president, head of Mexico. The executive confirmed his appointment via LinkedIn. Alvarino has already been with Authentic since September last year, having initially served as director of Mexico while also holding the title of senior vice president....

Fashion

Swiss watch industry should find time for India, says Deloitte

India and Mexico could become new drivers of growth for the Swiss watch industry, which has been clobbered by US tariffs and slumping demand in China, top audit firm Deloitte said Wednesday. The emblematic Swiss industry "is navigating one of the most complex periods in recent memory", the professional services giant said in the 11th Deloitte...

Retail

Skims expands global reach with debut store in Mexico

Skims, the shapewear, underwear and swimwear brand co-founded by Kim Kardashian and Jens Grede, has opened its first permanent store in Mexico, located in the Artz Pedregal shopping centre in Mexico City. In a statement, Skims said the debut store in the country marks a “significant milestone” in its worldwide growth, as it continues to...

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Business

Kontoor Brands to close manufacturing operations in Mexico

Wrangler’s parent company Kontoor Brands is reportedly preparing to shutter its manufacturing operations in Coahuila, Mexico. According to local press, the fashion group is in the process of moving its production to Bangladesh. It is believed that four plants located in Torreón, La Rosita, San Pedro and Coyote are to be impacted by the closures,...

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Mexico eliminates tariff-free footwear imports to protect its industry

The Mexican government announced on Thursday the elimination of a temporary trade regime that allowed the tariff-free import of finished footwear. This has reduced production and employment in the sector, according to President Claudia Sheinbaum. This decision is the latest in a series that the left-wing government has implemented. It aims to...

Fashion

Adidas apologizes to Mexican artisans for sandal design

Sportswear giant Adidas apologized to an Indigenous community in Mexico Thursday for using their traditional sandals as inspiration for a new design, after an outcry by officials and President Claudia Sheinbaum. Local authorities had complained that the Oaxaca Slip-On sandals were a "reinterpreted" model of huarache sandals, particularly one...

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Mexico seeks compensation from Adidas in cultural appropriation row

Mexico's government said Friday it was seeking compensation from Adidas, which is accused of cultural appropriation for bringing out sandals resembling traditional design from the southern state of Oaxaca. The Oaxaca Slip-On sandals were created by US fashion designer Willy Chavarria, who has Mexican heritage, but drew pushback from officials in...

Fashion

Mexican authorities accuse Adidas of cultural appropriation

Officials in the southern Mexico state of Oaxaca accused sportswear giant Adidas of cultural appropriation after the fashion brand debuted sandals similar to a traditional design from the region. The Oaxaca Slip-On sandals were created by American fashion designer Willy Chavarria, who has Mexican heritage, but drew pushback from both state and...

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Business

OTB Group expands in Mexico

As part of its strategy to strengthen its presence in North America, OTB Group will begin expanding its presence in Mexico. According to OTB, this expansion responds to the strategy of investments in direct channels, which allow the group to expand its retail business. This applies to both markets where it already has a presence and new...

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UK consumer goods giant Unilever to invest 1.5 billion dollars in Mexico

British consumer goods giant Unilever said Friday that it would invest 1.5 billion dollars in Mexico, which is wooing foreign companies in the face of US President Donald Trump's trade war. "This investment will create 1,200 new direct and indirect jobs in Mexico," Unilever's chief supply chain and operations officer Willem Uijen said at...

Retail

Farm Rio opens first store in Mexico

Brazilian fashion and lifestyle brand Farm Rio continues its global retail expansion with its first store in Mexico, marking the brand’s expansion into Latin America. The 1,140-square-foot store is located on the ground floor of Shopping Artz Pedregal in Mexico City and has been designed by Cajoo Studio to bring together Farm Rio’s love for...

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Amazon rival Mercado Libre to invest 3.4 billion dollars in Mexico

Mercado Libre, a Latin American rival of Amazon, announced Friday a 3.4 billion dollars investment in Mexico, the latest in a series of pledges by foreign firms in spite of US tariff threats. "It means that despite these tariff issues, they're going to continue their investment in Mexico," economy minister Marcelo Ebrard said after the Argentine...