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ModaPortugal Links will showcase 18 European design talents in Porto on December 11

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December 9, 2025

ModaLisboa has announced a new edition of ModaPortugal Links, an initiative led by CENIT (Centro de Inteligência Têxtil), in partnership with ANIVEC (Associação Nacional das Indústrias de Vestuário e Confeção), to be held on Thursday, December 11, at the Palácio da Bolsa in Porto. The event will bring together young European fashion designers, ITV (Indústria Têxtil e do Vestuário), and international experts for “a meeting dedicated to creativity, innovation, and sustainability,” according to a statement published on its website.

ModaLisboa

Associação ModaLisboa will lead the event’s artistic curation and production. The organisation positions itself “as a strategic platform linking education, design, and production, highlighting the relevance of the national ITV and its role in building a more responsible and technologically advanced fashion industry,” adds the statement sent to FashionNetwork.com.

ModaPortugal Links includes the European Young Fashion Designers Competition, featuring 18 promising talents from eight leading European schools: Aalto University (Finland), Institut Français de la Mode (France), Polimoda (Italy), ESAD, the Faculty of Architecture of the University of Lisbon, and Modatex Porto (Portugal), London College of Fashion (UK), and HEAD Genève (Switzerland).

The 18 young designers will visit five leading ITV companies and technology centres (Citeve, Inovafil, Irmãos Rodrigues, Pedrosa Rodrigues, and Valérius 360) on December 9 and 10 to learn about “cutting-edge production processes, sustainable models, and practices that reinforce Portugal’s position as an international benchmark in textile innovation.” The group will then present their collections to an international jury on December 11 at the Palácio da Bolsa in Porto.

“The competition final will take the form of a runway show and will culminate in the awarding of prizes to the winners from each country, along with the distinction of Best Collection in the ModaPortugal Links Fashion Design Competition,” reads the ModaLisboa website.

“The ModaPortugal Business Excellence Awards will also be presented at the ceremony, honouring Portuguese companies that have stood out over the last year in categories essential to the industry’s future: Brand, Exports, Industry 4.0, Investment, Sustainability, and Turnover.”

The statement also notes that the event “forms part of the Lusitano Project, funded by the PRR- Recovery and Resilience Plan and the Next Generation EU European funds, reinforcing the ongoing commitment to a more sustainable, competitive, and innovative fashion industry,” it concludes.

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TPG is said to consider stake sale or IPO for jeweler APM Monaco

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December 11, 2025

Private equity firm TPG Inc. is considering options for APM Monaco, including a possible stake sale or an initial public offering of the jeweler, according to people familiar with the matter.

APM Monaco

TPG is working with an adviser and may start a dual-track process early next year, the people said, asking not to be identified discussing private information. The US investment firm is aiming to fetch a valuation of at least $2 billion for the company in a deal, one of the people said.

Deliberations are preliminary and TPG might decide to keep the asset for longer, the people added.

A representative for TPG declined to comment.

A TPG-led consortium acquired a 30% stake in APM Monaco in 2019, and in 2021 documents were submitted for a Hong Kong IPO that never materialized. The following year, the group started sounding out potential interest in its stake, Bloomberg News reported, though TPG said at the time it didn’t plan to sell. 

European private equity firm Trail and China Synergy, an investment firm backed by TPG and China international Capital Corp., were also part of the investor group that bought the stake in APM Monaco six years ago.

TPG had $286 billion in assets under management as of the end of September. The US buyout firm invested in APM Monaco through its Asia-focused private equity platform. 

APM operates about 500 jewelry stores globally, according to its website.



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Caleres sales lift on Stuart Weitzman acquisition

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December 11, 2025

Caleres on Tuesday reported a 6.6% uptick in sales to $790.1 million for the third quarter, on the back double-digit growth in the American footwear firm’s brand portfolio.

Caleres

The St. Louis-based company said brand portfolio segment sales surged 18.8%, thanks to the recently acquired Stuart Weitzman brand.
Without the acquisition, which was announced in February, sales increased just 4.6% on last year.

Elsewhere, Famous Footwear sales decreased 2.2%, with comparable sales down 1.2% for the three months ending November 1.

During the quarter, net earnings fell to $2.4 million, or earnings per diluted share of $0.07, compared to net earnings of $41.4 million or earnings per diluted share of $1.19 in the prior-year period.

“Caleres delivered third quarter sales results that were ahead of our internal expectations, highlighted by organic sales growth in our brand portfolio segment, strong lead brands performance, sequential improvement in trends at Famous Footwear, and accelerated e-commerce momentum in both segments of our business,” said Jay Schmidt, president and chief executive officer at Caleres.

“With the recent addition of Stuart Weitzman, our brand portfolio now drives nearly half our sales and more than half our operating earnings. As we expected, we experienced pressure on our earnings from tariffs and near-term acquisition dilution, however, the fundamentals of our business are improving.”

Caleres acquired footwear brand Stuart Weitzman from luxury heavyweight Tapestry in February for just $105 million. The cash deal was completed this summer.

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Groupe Dynamite lifts 2025 outlook after Q3 revenue surge

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December 11, 2025

Groupe Dynamite on Tuesday posted strong third-quarter results, reporting double-digit sales growth and increasing its full-year guidance.

Groupe Dynamite lifts 2025 outlook after Q3 revenue surge. – Dynamite

Revenue for the quarter rose 40.3% to $363.0 million from $258.8 million a year earlier, driven by a 31.6% increase in comparable store sales and contributions from new locations. Online revenue grew 43.3% to $63.2 million.

The Canadian fashion retailer behind the Dynamite and Garage brands posted net earnings of $41.1 million, up 101.7% from a year earlier, with diluted earnings per share rising to $0.71 from $0.38.

Operating income surged 90.3% to $120.1 million, while adjusted EBITDA rose 67.5% to $146.1 million.

“Our teams once again demonstrated the strength of our values-led culture. What we delivered this quarter across product, stores, and digital reflects the intention, discipline, and agility that continue to set us apart. We’re well into our journey to elevate and premiumize both brands, and the customer response remains strong,” said Stacie Beaver, president and chief operating officer.

“Operationally, our real estate strategy continues to be a core pillar, with 17 gross openings year-to-date positioning us for sustained, high-quality traffic. On digital, we’re encouraged by the 40 basis points increase in e-commerce penetration in Q3 2025, as we enhance our platforms to support richer storytelling and more seamless experiences. With a solid foundation, real momentum, and teams who move fast and stay aligned, we enter Q4 confident in our ability to raise performance, strengthen brand experiences, and deepen our community connections.”

Looking ahead, the company increased its fiscal 2025 outlook and now expects comparable store sales growth of 25.5% to 27.5%, up from 17% to 19%. 

The company said its outlook remains subject to risks, including tariffs, real estate delays, weather disruptions, changes in consumer demand and IT or supply chain issues.

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