Textil Lonia news and archive

Sociedad Textil Lonia’s revenue up by 15 percent in 2016

The Galician group that markets Purificación García and CH Carolina Herrera brands obtained a profit of 37.3 million euros during its last accounting year, finalized on February, 28. This figure implies an improvement of 15 percent over the gains recorded in the previous twelve months, according to the accounts deposited with the Spanish...

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Business

Spanish brands make it to the global luxury 'top 100'

Several Spanish names sound with strength within the top 100 global luxury list that consulting firm Deloitte draws every year. In fact, this is the third consecutive year in which the Spanish fashion sneaks among the top ranking. Sociedad Textil Lonia, Puig, Tous, Festina Lotus and St. Patrick remain among the hundred largest luxury companies...

Fashion

Puig Group keen to buy LVMH stake in Textile Lonia

Grupo Puig, the Catalonian perfumery group, is keen to acquire the 25 percent stake that LVMH has held up to date in Sociedad Textil Lonia (STL), the Galician company that produces items under the Carolina Herrera and Purification Garcia brands. Both the Dominguez family - which now controls75 percent of the Galician group's capital – and Puig...

Fashion

LVMH ultimates its exit from Textil Lonia SA

The French luxury giant LVMH is finalizing the sale of its 25 percent stake in Textil Lonia SA. The Spanish textile group owns Purification Garcia and Carolina Herrera brands in Spain. Although the operation is being undertaken with the utmost discretion, sourcesclose to the company have revealed that the output of LVMH stake in the company...