Fashion
China’s foreign trade up 3.5% YoY in Aug 2025
Exports jumped by 4.8 per cent YoY, while imports climbed by 1.7 per cent to mark the third month of simultaneous growth in a row.
China’s foreign trade in goods in yuan-denominated terms rose by 3.5 per cent YoY in August.
Exports jumped by 4.8 per cent YoY, while imports rose by 1.7 per cent to mark the third month of simultaneous growth in a row.
In January-August, goods trade grew by 3.5 per cent YoY.
Exports led the growth during the eight months, surging by 6.9 per cent YoY, while imports saw a drop of 1.2 per cent YoY.
Between January and August, the country’s goods trade expanded by 3.5 per cent YoY, the General Administration of Customs (GAC) said.
Exports led the overall expansion during the eight-month period, surging by 6.9 per cent YoY, while imports witnessed a slight drop of 1.2 per cent YoY.
The growth rate accelerated by 0.6 percentage points from the reading for the first six months, a state-controlled news outlet cited Lu Daliang, director of GAC’s department of statistics and analysis, as saying.
Despite a challenging external environment, China’s foreign trade has remained quite resilient while greater potential continues to be unleashed, Lu said.
The association of Southeast Asian Nations (ASEAN) retained its position as China’s largest trading partner in the first eight months this year, with bilateral trade expanding by 9.7 per cent YoY, accounting for 16.7 per cent of the country’s total foreign trade.
The European Union ranked second, with trade up by 4.3 per cent YoY. The United States was China’s third-largest partner, though bilateral trade declined by 13.5 per cent during the period, GAC data showed.
Meanwhile, China’s trade with the partner countries participating in the Belt and Road cooperation reached 15.3 trillion yuan—up by 5.4 per cent YoY.
Fibre2Fashion News Desk (DS)
Published
September 9, 2025
Puig, a Spanish group focused on high-end fashion, perfumery, and cosmetics, is reinforcing its structure and incorporating the figure of deputy CEO into its organizational chart. The company has entrusted this newly created role to José Manuel Albesa, a company executive who has been with the company since 1998.
“We have created the position of deputy CEO of Puig, to whom all divisions will report, for which I am pleased to announce the appointment of José Manuel Albesa. I have worked closely with José Manuel since I took over as CEO in 2004, and I can assure you that his passion, understanding of Puig’s values, and talent as a brand builder and leader have been instrumental in transforming Puig into the global premium beauty company it is today,” explained the group’s president and CEO, Marc Puig, in a press release, in which the company also reported its consolidated results for the first half of the year, advanced in July.
“José Manuel is the ideal person for this new position and I am looking forward to moving forward in this new phase of Puig’s development thanks to our strong relationship of trust. I remain firmly committed to my role as chairman and CEO and, together, we will ensure that Puig faces the future in a position of maximum strength,” he added.
The company details that it has created this new role, which will be in charge of all divisions, to drive its development and strategy “across the business.”
Albesa will report directly to Marc Puig and will maintain his responsibilities as president of the group’s beauty and fashion division. For this strategic appointment, the Catalan company has relied on internal talent: Albesa joined the group in 1998 and since then “has played a crucial role in Puig’s strategic direction and in driving the global expansion of its fragrance and fashion portfolio,” the corporation says.
In his career at Puig, Albesa has held various senior management roles in the areas of brand development, marketing, or innovation. “Among his achievements is the repositioning of Rabanne, Carolina Herrera, and Jean Paul Gaultier, transforming them into three of the top ten fragrance brands in the world,” the company added.
In the first half of fiscal 2025, Puig posted net sales of 2299 million euros and net attributable profit of 275 million euros, up 78.8% from the same period last year.
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By
Reuters
Published
September 9, 2025
Puig, the Spanish beauty group behind brands such as Rabanne and Jean Paul Gaultier, saw profits jump 79% to €275 million in H1 2024, driven by early U.S. shipments and price hikes ahead of higher tariffs.
Spanish beauty group Puig, the company behind global perfume brands such as Rabanne, Carolina Herrera, and Jean Paul Gaultier, reported on Tuesday that its first-half net profit surged 79% to €275 million ($322 million). The growth was attributed to a strong sales performance, partly driven by strategic stock movements ahead of the implementation of higher U.S. import tariffs.
Puig said the increase in profit was also supported by extraordinary gains linked to its stock market flotation last year.
Like many European fashion, cosmetics, and consumer goods brands, Puig mitigated the initial tariff impact by shipping large volumes of inventory to the U.S. earlier in the year. The company also passed on some of the higher costs to consumers through price increases.
The U.S. introduced 15% tariffs on most imported European Union goods under a new agreement with the EU in July. These duties are significantly higher—around ten times—than the average tariffs previously applied to imported EU beauty products before President Donald Trump‘s return to the White House.
The Barcelona-based group reported sales of €2.29 billion for the January–June period, representing an 8% year-on-year increase. That figure is roughly in line with Puig’s projected full-year growth expectations.
© Thomson Reuters 2025 All rights reserved.
French luxury fashion house Lanvin Group has posted revenue of €133 million (~$154.3 million) in the first half (H1) of 2025, ended June 30, marking a 22 per cent decline year-on-year, as luxury markets faced softer demand in EMEA and Greater China. Gross profit stood at €72 million (~$83.5 million) with a 54 per cent margin, supported by disciplined inventory management. Adjusted EBITDA was -€52 million (~-$60.3 million) versus -€42 million in H1 2024, reflecting margin pressure despite cost optimisation.
Lanvin Group’s H1 2025 revenue fell 22 per cent to €133 million (~$154.3 million), with gross profit at €72 million (~$83.5 million).
Lanvin dropped 42 per cent, Wolford 23 per cent, Sergio Rossi 25 per cent, while St John held flat and Caruso slipped 11 per cent.
Cost cuts, retail optimisation, and new creative leadership are set to drive recovery in H2 2025.
Lanvin revenue dropped 42 per cent during a creative transition, with strong retail in EMEA and a rebound in North America e-commerce ahead of Peter Copping’s first collection. Wolford fell 23 per cent, impacted by logistics transitions, though wholesale grew 14 per cent; a 75th anniversary push is planned under deputy CEO Marco Pozzo.
Sergio Rossi’s revenue fell 25 per cent, but Q2 retail rose 17 per cent and e-commerce 10 per cent; Paul Andrew’s debut collection is due in H2. St John remained resilient, with flat revenue, 4 per cent growth in North America, and an 11 per cent wholesale increase, maintaining a 69 per cent margin. Caruso declined 11 per cent, though its proprietary brand continued growth, the company said in a release.
“Despite a challenging luxury market in the first half, we remained disciplined in cost management and strategic streamlining, responsive to market dynamics, and steadfast in our commitment to unlocking the long-term potential of our brands. With new creative leadership and continued investment in product innovation, we are well positioned to capture opportunities as the market environment improves,” said Zhen Huang, chairman of Lanvin Group.
Since H1 2023, G&A expenses have been cut by 35 per cent at St John, 27 per cent at Wolford, and 25 per cent at Sergio Rossi. Retail network optimisation launched in 2024 continues to deliver efficiencies.
St John CEO Andy Lew became executive president of Lanvin Group in January 2025, driving a new European headquarter initiative. Wolford and St John reinforced leadership with senior hires. Peter Copping’s Paris Fashion Week debut and Paul Andrew’s upcoming Sergio Rossi collection are expected to drive brand revitalisation.
The Group expects H2 2025 to remain challenging but sees momentum from new collections, cost efficiencies, retail optimisation, and wholesale partnerships. Strategic investment in product, marketing, and operations aims to strengthen positioning as luxury markets stabilise.
“In the first half, our focus was on operational discipline and laying the foundation for future growth. With fresh creative direction across our houses, supported by targeted marketing and refined channel strategies, we expect to build brand momentum and increase consumer engagement in the second half. We remain agile and execution-focused as we strengthen brand desirability and prepare for recovery,” Andy Lew, executive president of Lanvin Group, said.
Fibre2Fashion News Desk (HU)
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