Ecoalf has opened a new store in Tokyo, as part of its global expansion, marking a “milestone in the brand’s mission to redefine the fashion industry through innovation and determination,” as reported in a statement on Thursday.
Javier Goyeneche, founder of Ecoalf – Ecoalf
The store is located inside NEWoMan Takanawa, one of Japan’s most prominent shopping destinations, with which Ecoalf reinforces its “commitment to bring its message and products to key cities around the world.”
The new store joins the recent openings in Biarritz and Bilbao, and after the openings in Bolzano (Italy) and San Sebastián, which join the stores already established in Madrid, Barcelona, Milan and four others in Japan, with which the company currently operates in retail, wholesale and online, reaching more than 1300 multi-brand partners globally.
Ecoalf has also indicated that the new flagship store reflects “the Spanish firm’s design philosophy of turning waste into resources.”
“Its minimalist interior is made from renewable materials such as reclaimed wood, steel and stones molded by rivers and seas, while the mannequins, made from recycled sneakers and PET bottles collected through Ecoalf’s recovery projects, function both as art installations and storytelling tools, immersing the visitor in the brand’s values,” the company said.
The store also incorporates innovative furniture created jointly with UACJ, a leading aluminium manufacturer, using ultra-lightweight recycled aluminium usually destined for the automotive industry. This cross-industry collaboration “reduces carbon dioxide (CO2) emissions associated with transportation and underlines Ecoalf’s commitment to promoting circular solutions beyond fashion.”
Javier Goyeneche, founder and president of the company, said that the flagship store in Tokyo “is not just a store, but a platform to connect people with its mission.”
“Japan is a market where innovation and sustainability go hand in hand, and this new space allows us to inspire more people to join our movement,” he added.
With Japan as one of its key markets (with currently five points of sale), Ecoalf reinforces its multichannel model, which currently consists of 40% retail, 40% wholesale and 20% online.
Finally, the firm has stressed that the “brand’s momentum continues to demonstrate that a business model that respects the planet can also be profitable and scalable, as reflected by its 20% growth in turnover and a positive Ebitda of 3.4 million euros in fiscal 2024-2025.”
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The Italian competition authority said on Tuesday it had opened two investigations into Swiss watchmaker Swatch and Japan’s Citizen Watch.
Reuters
The probes involve an alleged infringement of European rules on the fixing of retail prices displayed online by the groups’ authorised distributors.
The two companies may be limiting price competition among their retailers through a vertical agreement, by imposing retail prices on their distributors and adopting “retaliatory commercial measures” against those that fail to comply, the antitrust authority said in a statement.
The agency’s officials carried out inspections at the Italian offices of Swatch and Citizen on December 3.
Swatch and Citizen did not immediately respond to a request for comment.
British retail tycoon Mike Ashley has pledged around 670 million pounds ($890.6 million) worth of shares in his sportswear and fashion retailer Frasers Group Plc as collateral for a loan from HSBC, according to filing on Tuesday.
Reuters
Ashley’s holding company, MASH Beta Limited, which holds the majority of Frasers’ issued share capital, pledged about 103.6 million ordinary shares.
Frasers’ shares were down about 1.3% at 646.5 pence as of Tuesday’s last close.
This move comes after the company’s heavy investments in newer geographies and taking or increasing shareholding in recent months across companies, from fashion groups to electrical retailers. Mike Ashley holds roughly a 73% stake in Frasers, according to data compiled by LSEG.
The company whose portfolio includes Sports Direct, House of Fraser and Flannels, reaffirmed its full-year profit forecast earlier this month.
G-III Apparel on Tuesday raised its full-year earnings forecast on the back of better-than-expected earnings in the third quarter, which also saw the U.S. firm’s sales drop 9% to $988.6 million.
Courtesy
The New York-based firm logged earnings of $80.6 million, or $1.84 per diluted share during the three months ending October 31, compared to $114.8 million, or $2.55 per diluted share, in the prior year’s third quarter.
While profits were lower than the same period last year, the owner of Karl Lagerfeld, Sonia Rykiel, and DKNY brands, “delivered a strong third quarter with gross margins and earnings far exceeding our expectations,” according to said Morris Goldfarb, G-III’s chairman and chief executive officer.
“This was driven by the strength of our go-forward portfolio, particularly our owned brands, as well as a healthy mix of full-price sales and our mitigation efforts against tariffs. I am pleased with how our brands are resonating with consumers and encouraged by the solid demand we have seen throughout the holiday season to date,” continued Goldfarb, who said his company is raising its fiscal 2026 earnings guidance to “reflect our third quarter outperformance tempered by the uncertainties around the consumer environment and tariff-related margin pressures.”
In June, G-III Apparel filed a $250-million lawsuit against PVH Corp., escalating tensions between the two fashion giants with allegations of breached licensing agreements and interference in business relationships. The complaint, filed in New York state court, targets PVH and its Calvin Klein Inc. and Tommy Hilfiger licensing divisions.