Articles by Jaime Martinez
Inditex “elevates” Massimo Dutti in Korea with its first high street store
Madrid – Inditex continues to strengthen its profile as a multinational group, this time focusing on gaining momentum in Asia. This is a strategic region for the Spanish company's interests. It has expanded its presence through Massimo Dutti, the group's premium fashion brand. The brand has not only just opened a new flagship store in Korea but...
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El Corte Inglés's employers' association joins Federation of International Retail Associations (FIRA)
Madrid – La Distribución Anged (Anged), the Spanish business organisation representing the interests of retail companies such as El Corte Inglés, Carrefour, C&A and Pepco, has decided to raise its international influence. It has joined the Federation of International Retail Associations (FIRA) as a new full member. The federation comprises a...
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Spanish brand Altonadock enters liquidation
Madrid – It appears to be the end of the road for Altonadock's 16-year journey as a specialist menswear brand. The company has filed for voluntary administration. Furthermore, it has been requested and agreed that the process will proceed directly to the liquidation phase. The fashion brand was launched around 2010 by entrepreneur Ángel Ortega,...
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Puig shares rally following Berenberg and Jefferies valuations
Madrid – Despite the initially lacklustre results reported by Puig for the first half of its 2026 financial year, published exactly one week ago, the accounts of the owner of Carolina Herrera, Jean Paul Gaultier and Paco Rabanne appear to have been well-received by the market and analysts. This is evidenced by the latest valuations the Spanish...
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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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