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Adolfo Domínguez narrows its losses by nearly 19% in the third quarter, lifts turnover by 2.5%

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January 16, 2026

Adolfo Domínguez continues to progress on its path to profitability: in the third quarter of the 2025/2026 financial year, spanning September to November, it reduced its losses by 18.6%. By comparison, at the end of the first nine months of the 2024/2025 financial year it posted losses of €1.65 million, whereas at the end of the same period in the current financial year the figure stood at a net loss of €1.34 million.

Adolfo Domínguez grew sales by 2.5% in the third quarter – Adolfo Domínguez

This is, the company emphasised, the best for this period since the 2013 financial year in terms of its net result. And what about turnover? Adolfo Domínguez’s sales in the first nine months of the financial year reached €93.3 million, 2.5% more than a year earlier. Comparable sales, meanwhile, rose 4.2% year on year, while gross profit increased by 6.4% to €56.6 million.

Operating profit (EBIT) totalled €0.8 million, an improvement of €1.3 million on the previous year. EBITDA came to €12.4 million, up 24.9% year on year.

Adolfo Domínguez’s corporate finance director, Rubén Martín, highlighted the company’s efforts to “maximise the profitability of sales and the commercial network, with a notable improvement in margin, in operating profit and greater profitability of the network in Spain, a market that continues to consolidate despite the sector’s downward trend.”

43.9% of sales from international markets

The Spanish fashion company, as it did when presenting its results for the first half of the financial year, highlights the upward trend in its international sales. In the first nine months of the financial year, they accounted for 43.9% of total revenue.

The brand’s network comprises 372 points of sale in 53 countries. Notable in the third quarter were sales increases of 89% in the Middle East and 13.5% in Latin America. “In countries such as
Chile, Colombia, Uruguay, and Paraguay, revenue growth is
above 26% thanks to its connection with the market and
selection of commercial partners,” the company said. In the Mexican market, where it operates 142 points of sale, sales rose by 6.1% in the period. And what about Europe? Standouts included France (21.7%), Portugal (6.7%) and the UK (4.8%). By channel, online sales in the first nine months of the financial year increased by 8.5% compared with the same period of the previous year.

Adolfo Domínguez ended its last full financial year with revenue of €136.5 million, with 41% of its sales outside Spain. Among the group’s latest developments is the departure of its managing director at the beginning of 2026, just a few months after his appointment.

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Rapha launches designs for USA Cycle team

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January 16, 2026

Rapha has made a major step forward with its international ambitions, unveiling its debut collection for the USA Cycling team. The high-profile London-based performance wear specialist said the association “ushers in a new era for American cycling”. It’s also a timely move, given the US will be staging the next summer Olympic Games in 2028.

Rapha

Rapha said it will be outfitting the USA’s “most talented athletes” through to the end of 2029, “bringing its signature style and panache to the ultimate stage for the sport”.

It also sees the team partnership taking Rapha into new disciplines such as Track, BMX Racing, and BMX Freestyle. 

The debut collection draws inspiration from the 1984 Los Angeles Olympics, “a watershed moment for American cycling” when the home nation took nine medals.

Blending elements from the Stars and Stripes with a ‘Lightspeed’ pattern (on the front and back of the jerseys) is central to the designs with the latter “adding to a long tradition of using patterns to express motion and speed in sportswear”. Stripes are also an integral part of both Rapha’s design heritage and the history of cycling apparel, the brand noted.  The kit’s lighter colouring ensures suitability to hot conditions. 

The designs also incorporate a collegiate-style typeface, characteristic of American sports, accented with a stripe.

The jersey’s sleeves also feature star and stripe detailing, with the left arm showcasing the navy Rapha armband and script logo. The bib shorts contrast white striped stars and USA graphics with a navy base, designed to contour to the body and enhance the feeling of speed.

With story labels a long-standing Rapha tradition, such details are also inscribed inside of the garments with the collection featuring five unique story labels “celebrating the full range of USA Cycling disciplines”.

Of course, seeing as American interest in cycling “is at an all-time high”, with 112 million people there riding bikes in 2024, according to PeopleForBikes, replica kit and a range of merchandise will be available next month.

Rapha CEO Fran Millar, said: “This kit represents over a decade of world-class competition and innovation. We’ve left no stone unturned so that when USA Cycling athletes show up for their country, they can stand on the start line with total confidence.

“The starting pistol for LA has been fired and there is nothing more powerful for a sport than a home Games. The energy, the expectation, the history – Rapha will support American cycling to seize the opportunity with both hands.”

In November, Rapha also “marked a major milestone” by opening its first ‘Clubhouse’ in mainland China. Located on Donghu Road in the heart of Shanghai’s historic Hengshan-Fuxing Road Cultural Area, it said the new space becomes a  “purposeful commitment to one of the fastest-growing cycling communities in the world”.

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Represent names former Adidas Yeezy boss as its North America president

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January 16, 2026

British luxury streetwear brand Represent has a new country president to lead its North American ambitions. Jim Anfuso, described as a veteran of the footwear and streetwear industry with “pivotal experience” managing the high-profile Adidas Yeezy business, has joined Represent’s executive leadership team.

Jim Anfuso, Represent’s new North America president

He’s tasked with accelerating Represent’s foothold in the US, “currently the brand’s fastest-growing market”. In his new role, Anfuso will oversee all countrywide operations, including retail expansion, wholesale partnerships, and the scaling of its performance line 247. 

The role will also leverage Anfuso’s “deep experience in the footwear sector to refine Represent’s footwear strategy, a category the brand has identified as a key growth pillar”.

Represent noted the appointment “comes at a critical inflection point”, following the opening of the brand’s West Hollywood flagship and the “rapid adoption” of the 247 label.

As the brand “shifts from a cult British label to a global powerhouse”, it said Anfuso “brings a rare dual expertise in high-heat product strategy and operational infrastructure, a skillset honed during his tenure managing one of the most significant footwear partnerships in history”.

CEO Paul Spencer added: “As we enter our next phase of global expansion, the US market represents our most significant opportunity.

“Jim’s track record speaks for itself. From the minute we met… we knew he would be a great cultural fit with the wider leadership team and with [co-founder] George [Heaton] working side by side in our LA. office. Jim’s ability to navigate complex operational landscapes while maintaining brand integrity is exactly what Represent needs right now.”

George Heaton also said: “We have built Represent on ‘Relentless Effort’, and to crack the US market, we needed a leader who understands both the culture of streetwear and the mechanics of a billion-dollar operation. Jim shares our obsession with product and precision. This is a critical piece of the puzzle for the US business”

Anfuso said of his appointment: “Represent has achieved something rare: a hyper-loyal community that spans luxury, streetwear, and performance. My focus is now on operationalising that energy for the US market building the infrastructure, the team, and the strategy to take us from a ‘cult favourite’ to a dominant market leader.

“We are going to execute with the same level of precision and ambition that defined my previous work in this space.”

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Qatar fashion show postponed on regional security concerns, organisers say

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January 16, 2026

The Doha Fashion Show has been rescheduled to March because of regional security concerns, organisers said on Friday after Qatar announced precautionary measures at the US-run Al Udeid Air Base amid rising tensions.

The Doha ​Fashion Show has been postponed

Organisers said the decision to delay the show was taken “out of ⁠an abundance of caution” to prioritise the safety of designers, talent, partners, media, and ⁠guests, while ensuring a high-quality experience. The show was supposed to take place from January 19 to January 21.

Qatar said on Wednesday that ‍precautionary ‌measures had been taken at Al Udeid, including the departure ⁠of some personnel, because ‌of rising regional tensions, according to its International ‌Media Office. The office said the steps were part of broader efforts to safeguard the security of citizens and residents and protect critical infrastructure and military facilities. The security ‍warning at Al Udeid was lowered one day later, three sources briefed on the situation told Reuters on ‌Thursday.

The ⁠Doha ​Fashion Show is a biannual fashion event ⁠launched to ​position Qatar as a regional hub for luxury, fashion, and creative industries. It typically features runway shows, designer presentations and ​industry networking, with a focus on emerging talent.

The show is part of Qatar’s ⁠broader effort to diversify ⁠its economy and expand its cultural and lifestyle sectors, alongside investments in tourism, sports and the arts. 

© Thomson Reuters 2026 All rights reserved.



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