Articles by Jaime Martinez
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 UK's 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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Cristina Alba Ochoa takes the helm at Pronovias Group as CEO
Madrid – Pronovias Group, the Spanish multinational and leading global bridal fashion company, welcomed a new CEO on Monday, 21 July, with the appointment of Cristina Alba Ochoa. Alba Ochoa replaces Marc Calabia, who has stepped down from his responsibilities and left the company he had been leading since 1 September 2023. Commenting on her new...
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El Corte Inglés completes 500 million euro debt issuance
Madrid – El Corte Inglés, the Spanish department store group, has successfully completed a debt issuance totalling 500 million euros. The placement was executed through a bond issue with an interest rate of 3.5 percent and a maturity date in July 2033. According to details provided by the Spanish company's management, the transaction received...
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Mango reports strong H1, aims to make US one of top three markets by 2026
Madrid – Spanish fashion multinational Mango has just reported its sales figures for the first half of its current 2025 financial year, showcasing significant double-digit growth. According to the information provided by Mango's management, the Spanish company closed the first half of its 2025 financial year generating total sales of 1.73...
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Inditex relaunches Lefties in France
Madrid – While the precise financial contribution of Lefties to Inditex's overall business model remains largely undisclosed, the brand is increasingly assuming a prominent and public role within the group's growth strategies. This was underscored during the recent Inditex general shareholders' meeting, where the imminent relaunch of Lefties in...
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Puig experiences slowdown in the Americas and in fragrances and fashion
Madrid – Puig, the leading Spanish multinational in the fashion and beauty sectors, has reported its sales figures for the second quarter of its 2025 financial year. This period ended on 30 June. The company acknowledges its accounts have been affected by exchange rates, especially due to the weakness of the US dollar. This weakness is a...
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Inditex maintains its commitment to the US: first standalone Zara Man and flagship in San Francisco
Madrid – Amidst a macroeconomic and geopolitical backdrop where trade tensions instigated by the US government threaten to significantly impact the operations of multinationals like Inditex. During the Spanish company's latest annual general meeting on Tuesday, chief executive officer Óscar García Maceiras was clear and firm on the matter: “We...
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Inditex sees profit grow in first half of 2025 as commercial activities pick up
Madrid – This morning, July 15, Inditex’s 2025 annual general meeting took place at the company’s headquarters in Arteixo, Galicia. The meeting, chaired by Marta Ortega Pérez, non-executive chair of the Spanish fashion multinational, saw the approval of the company's 2024 annual accounts. It also highlighted various ongoing initiatives and...
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Rosalía, new global ambassador for New Balance
Madrid – Rosalía, the ever-expanding Spanish artist whose fusion of music and styles continues to revolutionise the global music scene, is further strengthening her ties with fashion. She has been signed as the new global ambassador for the US sportswear brand New Balance. The singer-songwriter has already debuted in this role, presenting the...
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