Finance news and archive

Tendam accelerates its strategic plan: more stores, more brands, and a larger international footprint

Madrid – Alongside the presentation of its 2025 financial results, for the fiscal year running from March 1, 2025, to February 28, 2026, Tendam's chairman and chief executive officer, Jaume Miquel, has outlined the key points of the company's new Strategic Plan. He also detailed the terms and objectives for its execution. The company is...

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Puig to present its new strategic plan on October 28

Madrid – In one of the week's major business stories, Puig held its 2026 Annual General Meeting last Friday, May 29. The meeting proceeded as planned, with shareholders approving every item on the agenda. These items ranged from the approval of the group's financial and non-financial statements for the 2025 financial year to the renewal of its...

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Carlyle seeks to sell its stake in Spain-based Jeanologia

Madrid – Following its initial investment in the Valencia-based company in early 2019, US investment firm Carlyle has reportedly decided to fully divest from Jeanologia. Carlyle also holds investments in other prominent Spanish and fashion sector companies, such as Codorniu and the Italian brand Golden Goose. Jeanologia specialises in...

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European fashion stocks soar following Iran ceasefire

Madrid – Optimism is taking hold of the markets following the hopeful bilateral ceasefire agreed between the governments of the US and Iran in the early hours of Wednesday, April 8, Central European Summer Time. The agreement, reached for the next two weeks, is based on open negotiations for a “definitive” and “long-term” peace deal. It will...

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Nextil raises 13.9 million euros in promissory notes following acquisition of Sindutex

Madrid – Spanish textile multinational Nextil has announced the successful completion of its latest debt placement through its promissory note programme on the Alternative Fixed-Income Market (MARF). This financing operation follows the acquisition of a majority stake in the Portuguese company Sindutex. This morning, Nextil Group announced the...

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Estée Lauder loses 5.22 billion dollars on stock market after confirming Puig negotiations

Madrid – In Spain, investors, the market and analysts have enthusiastically welcomed the talks between Puig and The Estée Lauder Companies for a potential merger agreement. A decidedly opposite sentiment is being felt on the other side of the Atlantic, where the US beauty multinational's shares recorded another session in the red on March 24. On...

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European fashion stocks decline amidst Middle East conflict

Madrid – Major European fashion companies are holding their breath, waiting to see how markets and their shares will evolve following the outbreak of the new military conflict between the US and Israel against Iran. The war has unleashed instability in the Persian Gulf region. This has been fraught with uncertainty since last Saturday, which...

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Inditex shares reach new all-time high amid strategic buyback and super bowl visibility

Madrid – The Spanish group's main chain made headlines worldwide last week for its high-profile collaboration with Bad Bunny at the Super Bowl. The Puerto Rican artist was crowned the artist with the “greatest impact” in the history of the sporting event. It is now essential to examine how investors and the market have valued this impact....

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Nextil welcomes Maxum to capital structure, launches circular fashion vertical NextGreen

Madrid – Nextil Group continues its journey towards growth and improved profitability. The Spanish textile multinational has announced a new strategic agreement with US-based Maxum International Group. This binding partnership strengthens existing ties between the two companies. It guarantees support for the launch and growth of NextGreen, a new...

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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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Nextil improves credit rating, eyes expansion in Portugal and Guatemala

Madrid – Following a period of strong financial results and a strengthened balance sheet, Spanish textile company Nextil is accelerating its 2024–2026 Strategic Plan. The plan is centred on three key initiatives: improving its credit rating, expanding operations in Portugal through acquisitions, and increasing production capacity at its plant in...

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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...