Articles by Jaime Martinez
Nextil sells Portugal production facilities in 4.4 million euros deal
Madrid – Spanish textile multinational Nextil, which currently operates its main production hubs in Portugal and Guatemala, is continuing to optimise its business model with the sale of all its production facilities in northern Portugal. This transaction, executed under a sale and leaseback agreement, allows the company to continue operating at...
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South Korean Naver acquires Wallapop
Madrid – Naver, a South Korean technology company often referred to as the "Google" of its home country, has acquired Wallapop, the popular Spanish second-hand platform. Founded in Barcelona in 2013, Wallapop is credited with popularizing consumer-to-consumer (C2C) resale in Spain, including for fashion items and accessories. This acquisition is...
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Mango scales up Mango Teen in the UK with its first store outside London
Madrid – Mango continues to drive its teen fashion line, Mango Teen, internationally with the opening of a new standalone store in the strategic UK market. The company has chosen to scale up operations for this line, launched in 2021 as part of its diversification strategy. This marks the first standalone Mango Teen store to open outside London,...
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El Corte Inglés targets "Net Zero" by 2050 with new sustainability plan
Madrid - El Corte Inglés, the Spanish department store group, has launched its new 2025-2030 Sustainability Master Plan, reaffirming its commitment to environmental responsibility. The plan is a comprehensive roadmap aimed at achieving "Net Zero" status by 2050, with a focus on minimizing the company’s environmental impact and reducing...
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Adriana Domínguez re-elected as chair and CEO of Adolfo Domínguez
Madrid – In addition to informing the National Securities Market Commission (CNMV) of the results recorded at the close of the first quarter of 2025, Adolfo Domínguez also reported on the agreements adopted during its latest general shareholders' meeting held this past Wednesday, July 30. Following the meeting, Adriana Domínguez was re-elected...
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Adolfo Domínguez Q1: Sales dip, losses narrow
Madrid – Spanish fashion company Adolfo Domínguez has reported its results for the first quarter of its current 2025 financial year. This period, covering March to May, saw the Galician fashion group achieve turnover slightly below last year's figures, and once again reported losses. According to the accounts presented by Adolfo Domínguez's...
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El Corte Inglés reduced its international business by 20 percent and laid off over 900 employees in a year
Madrid - Following multiple confirmations of its positive trajectory and the announcement of its best revenue figures in 14 years for fiscal year 2024, El Corte Inglés has now released its consolidated accounts, providing a comprehensive view of its global business model. This detailed disclosure follows the department store giant's commitment...
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US-EU Ttade agreement reached, aims for stability amidst uncertainty
Madrid – After months of intensive negotiations, representatives from the United States government and the European Union have successfully concluded a new trade and tariff agreement. European Commission President Ursula von der Leyen hailed the pact, stating it "creates certainty in uncertain times" and offers "stability and predictability for...
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Multiply Group completes acquisition of Tendam, will drive growth using AI as a lever
Multiply Group, an investment holding company based in Abu Dhabi, completed the acquisition of a 67.91 percent stake in Tendam, a Spanish fashion multinational, on 23 July 2025. Tendam owns brands such as Cortefiel, Springfield, and Women’secret. The transaction values Tendam at approximately 1.3 billion euros (5.6 billion UAE dirhams), with...
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Founder of Inditex acquires 49 percent of British port company PD Ports
Madrid – Amancio Ortega, founder and majority shareholder of Inditex, the owner of Zara, continues to expand and diversify his investment portfolio. He has increased his list of logistics assets with the purchase of 49 percent of the British port company PD Ports. PD Ports is one of the UK’s leading port groups and the statutory body for the...
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