Adolfo Domínguez reported turnover of 65 million euros in the first half of its 2025 financial year, from March to August. This represents a 5.4% increase on the same period of the previous financial year. The Spanish fashion company also recorded a net profit of 79,000 euros, compared with a loss of 625,000 euros in the first half of 2024.
A brand store in Andorra – Adolfo Domínguez
Although the company has posted profits for three consecutive years, this is the first time in 15 years it has delivered a positive first-half result, which is also its best half-year sales since 2012, as noted in its results report. Between March and August, Adolfo Domínguez also reported EBITDA of 8.3 million euros, up 37.2% on the first half of 2024.
The company’s strategy focuses on improving the profitability of its sales. Comparing the first half of 2016 with that of 2025, it has increased sales by 14 million euros while operating 151 fewer stores; it has also moved from losses of 12.3 million euros to a net profit of 100,000 euros in the latest half-year.
Adolfo Domínguez also improved its comparable sales, which at current exchange rates grew by 7.4% in the half-year. By region, the increase was 15.6% in Mexico, 8.6% in Japan, 6.6% in Europe, and 44.4% in the rest of the world.
By channel, online sales rose 16.1% year-on-year to account for 14% of the total. Franchises grew by 16.6%, “confirming the strong reception of the brand in markets managed through local partners,” the company said. Meanwhile, corners increased sales by 8%; company-operated full-price stores grew by 2%, while outlets saw sales decline by 11%, the only channel in negative territory. The company ended the half-year with 368 points of sale, six more than a year earlier and three fewer than at the end of its full 2024-2025 financial year, in which it posted sales of 136.5 million euros.
As for debt, Adolfo Domínguez closed the first half with gross financial debt of 13.3 million euros (3 million more than in the previous half-year), while net financial debt stood at 10.5 million euros. The group’s net financial position at the end of the half-year was negative 9.5 million euros. “It remains at solid levels despite the increase in indebtedness (28.1%), resulting mainly from the partial drawdown of 12 million euros under the ‘waiver,’ which extends the financing limit to 18 million euros without requiring additional collateral,” the company said.
Between March and August 2025, beyond the purely financial aspect, Adolfo Domínguez received B Corp certification, made strategic openings in Istanbul, Andorra, Mexico City and Beirut, and returned to the runway at MBFWMadrid.
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The demerger of Unilever‘s ice cream division, to be named ‘The Magnum Ice Cream Company,’ which had been delayed in recent months by the US government shutdown, will finally go ahead on Saturday, the British group announced.
Reuters
Unilever said in a statement on Friday that the admission of the new entity’s shares to listing and trading in Amsterdam, London, and New York, as well as the commencement of trading… is expected to take place on Monday, December 8.
The longest federal government shutdown in US history, from October 1 to November 12, fully or partially affected many parts of the federal government, including the securities regulator, after weeks without an agreement between Donald Trump‘s Republicans and the Democratic opposition.
Unilever, which had previously aimed to complete the demerger by mid-November, warned in October that the US securities regulator (SEC) was “not in a position to declare effective” the registration of the new company’s shares. However, the group said it was “determined to implement in 2025” the separation of a division that also includes the Ben & Jerry’s and Cornetto brands, and which will have its primary listing in Amsterdam.
“The registration statement” for the shares in the US “became effective on Thursday, December 4,” Unilever said in its statement. Known for Dove soaps, Axe deodorants and Knorr soups, the group reported a slight decline in third-quarter sales at the end of October, but beat market expectations.
Under pressure from investors, including the activist fund Trian of US billionaire Nelson Peltz, to improve performance, the group last year unveiled a strategic plan to focus on 30 power brands. It then announced the demerger of its ice cream division and, to boost margins, launched a cost-saving plan involving 7,500 job cuts, nearly 6% of the workforce. Unilever’s shares on the London Stock Exchange were steady on Friday shortly after the market opened, at 4,429 pence.
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Burberry has named a new chief operating and supply chain officer as well as a new chief customer officer. They’re both key roles at the recovering luxury giant and both are being promoted from within.
Matteo Calonaci becomes chief operating and supply chain officer, moving from his role as senior vice-president of strategy and transformation at the firm.
In his new role, he’ll be oversee supply chain and planning, strategy and transformation, and data and analytics. He succeeds Klaus Bierbrauer, who’s currently Burberry supply chain and industrial officer. Bierbrauer will be leaving the company following its winter show and a transition period.
Matteo Calonaci – Burberry
Meanwhile, Johnattan Leon steps up as chief customer officer. He’s currently currently Burberry’s senior vice-president of commercial and chief of staff. In his new role he’ll be leading Burberry’s customer, client engagement, customer service and retail excellence teams, while also overseeing its digital, outlet and commercial operations.
Both Calonaci and Leon will join the executive committee, reporting to Company CEO Joshua Schulman.
JohnattanLeon – Burberry
Schulman said of the two execs that the appointments “reflect the exceptional talent and leadership we have at Burberry. Both Matteo and Johnattan have been instrumental in strengthening our focus on executional excellence and elevating our customer experience. Their deep understanding of our business, our people, and our customers gives me full confidence that their leadership will help drive [our strategy] Burberry Forward”.
Traditional and occasion wear designer Puneet Gupta has stepped into the world of fine jewellery with the launch of ‘Deco Luméaura,’ a collection designed to blend heritage and contemporary aesthetics while taking inspiration from the dramatic landscapes of Ladakh.
Hints of Ladakh’s heritage can be seen in this sculptural evening bag – Puneet Gupta
“For me, Deco Luméaura is an exploration of transformation- of material, of story, of self,” said Puneet Gupta in a press release. “True luxury isn’t perfect; it is intentional. Every piece is crafted to be lived with and passed on.”
The jewellery collection features cocktail rings, bangles, chokers, necklaces, and statement evening bags made in recycled brass and finished with 24 carat gold. The stones used have been kept natural to highlight their imperfect and unique forms and each piece in the collection has been hammered, polished, and engraved by hand.
An eclectic mix of jewels from the collection – Puneet Gupta
Designed to function as wearable art pieces, the colourful jewellery echoes the geometry of Art Deco while incorporating distinctly South Asian imagery such as camels, butterflies, and tassels. Gupta divides his time between his stores in Hyderabad and Delhi and aims to bring Indian artistry to a global audience while crafting a dialogue between designer and artisan.