Portugal news and archive

Primark commits to 85 million euro investment in Spain and Portugal

Madrid – As part of its sustained commitment to the Spanish and Portuguese markets, Primark's management for Iberia has just announced an investment of over 85 million euros (100 million dollars) in its businesses in both countries. These funds will be used for the refurbishment of part of its current store portfolio and for the opening of new...

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Business

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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Business

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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Business

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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Business

ISTO to drive international growth following partnership with Altaz Capital

Portuguese fashion label ISTO, which focuses on timeless wardrobe menswear staples, has announced a strategic partnership with Altaz Capital, an investment and operational firm specialising in supply chain optimisation, operations, logistics, international expansion, and financial strategy to support its international growth objectives. The...

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Business|Interview

Portuguese footwear industry to invest 600 million euros

The Portuguese footwear, components, leather goods manufacturers association (APICCAPS), which represents the footwear industry in the country, is looking to invest 600 million euros in the industry by 2030 with a focus on innovation, sustainability, worker skills and international growth. “This is our largest investment ever. We believe that we...

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Retail

Primark to invest 40 million euros in Portugal

International value fashion and lifestyle retailer Primark is ramping up expansion plans in Portugal with a 40-million-euro investment in the country. In a statement, Primark said it plans to open four new stores in four new cities, alongside extending its Colombo store in Lisbon, creating more than 500 new jobs. The plans coincide with Primark’...

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Business

Portuguese footwear industry looks to be an alternative to Italy

Portugal is looking to become a “strong alternative to Italy” for the footwear industry after announcing it will invest 600 million euros into the sector over the next few years. According to international consultancy EY Parthenon’s study, ‘The Footwear Industry’s Path to Luxury,’ Portugal could become a key player in the luxury footwear sector...

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Fashion

Short circuit fashion: Portugal Fashion is on the right track

From 14 to 18 March 2023, Portugal Fashion in Porto organised its 52nd fashion week. Its mission? To bring together a successful local industry and local and international designers onto one podium, in a convergent short circuit dynamic. "The challenge of Portugal Fashion is to promote our national brands, especially the young ones, and to...