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Puig reports 79% jump in first-half profit as US tariffs drive early sales

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Puig reports 79% jump in first-half profit as US tariffs drive early sales


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Reuters

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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 posts strong H1 profit after stock market debut – DR

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.



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Trutzschler to showcase smart T-CAN automation at ITMA ASIA 2025

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Trutzschler to showcase smart T-CAN automation at ITMA ASIA 2025



In virtually all spinning mills, transporting sliver cans is still done manually. Rising labor costs, lack of operators and increasing quality requirements make this a growing challenge. With T-CAN, Trützschler introduces a practical solution: a fully automated can transport system that will be presented live at ITMA ASIA 2025 in Singapore.

Trutzschler’s T-CAN is a fully automated sliver can transport system linking cards and draw frames via automated guided vehicles (AGVs) and smart software.
It cuts labour costs, boosts efficiency, and ensures consistent quality.
Easy to use, scalable, future ready and proven at JINGYI mill, T-CAN will be showcased live at ITMA ASIA 2025 in Singapore.

Efficient and reliable automation

T-CAN automates the transport of sliver cans between cards, breaker draw frames, and finisher draw frames – quickly and precisely. The system combines sliver cans with automated guided vehicles (AGVs) and a smart software interface that tracks every movement and places each can exactly where it belongs.

What T-CAN delivers

T-CAN minimizes manual handling and transport, supports continuous production (also at lunch breaks and night shifts), and ensures consistent quality through reliable material allocation. Therefore, mills benefit from lower labor costs, higher machine efficiency, and improved sliver quality – all with a system that adapts to your mill, not the other way around.

“With T-CAN, we’re responding to our customers’ needs for intelligent automation. Our goal was to create a solution that not only reduces operational costs but also enhances quality and consistency in sliver handling. It’s a leap forward in making spinning mills smarter.”

Alexander Stampfer, CSO Trützschler Group.

Simple to use

Despite its advanced technology, T-CAN is easy to operate. The intuitive software interface requires only a few minutes of training and no prior expertise in robotics.

Scalable and future-ready

T-CAN is ideal for medium to large spinning mills with high output and automation goals. But thanks to its modular design, it’s also a smart choice for smaller mills looking to future-proof their processes. T-CAN is built to easily scale with your ambitions.

Proven performance

One of the first adopters of T-CAN was JINGYI, a spinning mill in Sheyang, China. After a successful pilot project, JINGYI placed an order to automate can transport for over 120 TC 26i cards and 240 draw frames. T-CAN has proven itself as a robust, reliable, and operator-friendly solution.

“We were impressed by the performance and reliability of T-CAN during the pilot phase. It has significantly improved our efficiency and reduced our staffing needs. That’s why we decided to implement it across our entire carding and draw frame section.”

Mr. Peng Fujian, Deputy General Manager JINGYI Group.

Experience it live

Visit the Trützschler booth at ITMA ASIA 2025 in Singapore to see T-CAN in action, talk to our experts and discover how it can transform your production.

Note: The headline, insights, and image of this press release may have been refined by the Fibre2Fashion staff; the rest of the content remains unchanged.

Fibre2Fashion News Desk (HU)



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Calvin Klein launches Re-Calvin take-back programme across the US

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Calvin Klein launches Re-Calvin take-back programme across the US



Calvin Klein Inc. announces the U.S. launch of Re-Calvin, a new take-back program designed to make it easy for customers to responsibly part with their pre-loved items.

Developed in partnership with Trove, the leader in branded resale and customer trade-in, and Debrand, a comprehensive sortation and circular logistics partner, Re-Calvin is a free service from Calvin Klein that gives U.S. customers a simple, accessible way to extend the useful life of clothing, shoes and accessories from any brand through donation, recycling, downcycling or, when necessary, responsible disposal that is converted from waste to energy. Re-Calvin also accepts intimates such as bras, swimwear and underwear – a category often excluded from circularity programs.

Calvin Klein has launched Re-Calvin, a free US take-back programme with Trove and Debrand to promote circularity.
Customers can send clothing, shoes, and accessories from any brand for reuse, recycling, downcycling, or responsible disposal.
Notably, it accepts intimates, often excluded from such schemes, and provides full transparency through post-processing email updates.

“As Calvin Klein continues its sustainability journey, we are proud to introduce a program that makes circularity more accessible for our customers and delivers alternative uses for pre-loved items,” said David Savman, Global Brand President, Calvin Klein. “It was important that we partner with experts with a proven ability to build and scale programs that handle a wide range of products andcategories, making it easier than ever for customers to responsibly extend the life of their items.”

How It Works

Customers in the United States can visit calvinklein.us/re-calvin to print a free shipping label and send in items from any brand. Once received, each package is processed and routed according to Calvin Klein’s diligent, established standards:

  • Reuse: Items in good condition are donated or sent to secondhand distribution partners.
  • Recycle / Downcycle: Items that cannot be reused, including intimates, are recycled into new fibers whenever possible, or downcycled into materials such as insulation or padding.
  • Responsible Disposal: As a final step, if no reuse, recycling or downcycling option is available, items are to be converted from waste to energy or alternative fuel conversion.

Only items suitable for a new owner are directed to reuse. Garments with significant wear, damage, heavy stains and all intimates are directed to end-of-use streams, including recycling, downcycling and responsible disposal. Customers receive an email update after their parcel is processed, detailing how their items were routed, ensuring transparency throughout the process.

Powered by Trove’s Takeback Plug-In

Re-Calvin is powered by Trove’s new Takeback Plug-In, which enables Calvin Klein to seamlessly manage item intake, routing and transparency at scale. The plug-in integrates directly into Calvin Klein’s existing U.S. website, enabling the brand to operate a multi-brand takeback program that includes complex categories such as intimates.

The Takeback Plug-in expands Trove’s suite of circular solutions, which also includes the Resale Plug-in, Trade-in Plug-in and a range of API integration options. Together, these tools give brands the flexibility to build customized circular programs that meet their unique needs.

“Re-Calvin marks the first implementation of Trove’s new Takeback Plug-In,” said Terry Boyle, CEO of Trove. “With this launch, Calvin Klein is showing how technology can make responsible choices simple for every customer, accepting items from any brand and across all categories, including intimates, to help keep more textiles in circulation.”

By accepting items from any brand and across all categories, Re-Calvin reflects Calvin Klein, Trove and Debrand’s shared belief that every item should have as many chances as possible to find a second life.

Note: The headline, insights, and image of this press release may have been refined by the Fibre2Fashion staff; the rest of the content remains unchanged.

Fibre2Fashion News Desk (RM)



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ICE cotton futures rise on weaker US dollar, trade deal hopes

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ICE cotton futures rise on weaker US dollar, trade deal hopes



ICE cotton futures continued to rise yesterday amid a weaker US dollar and optimism over a possible trade deal. However, trade tensions persisted, and with the US government shutdown entering its fourth consecutive week, the release of key reports, including the USDA’s World Agricultural Supply and Demand Estimates (WASDE), has been delayed, slowing information flow.

ICE December cotton futures settled at 64.56 cents per pound, up 0.36 cent. The contract has recorded a cumulative gain of 82 points over the last three trading sessions. Other contracts also settled higher, ranging between 5 and 36 points in the previous session.

ICE cotton futures extended gains on October 27, 2025, supported by a weaker US dollar and renewed optimism over a potential US–China trade deal that could boost agricultural demand.
The December contract settled at 64.56 cents per pound, up 0.36 cent.
However, the prolonged US government shutdown has delayed key USDA reports, slowing market information flow and tempering sentiment.

Total trading volume on ICE was reported at 52,963 contracts, indicating active market participation. Cleared contracts on the previous Friday stood at 31,106, reflecting moderate settlement activity before the weekend. The average daily volume for the previous week was 34,799 contracts, showing an increase in the current week’s trading levels.

ICE data showed that, as of October 24, 2025, the deliverable No. 2 cotton contract inventory stood at 17,552 bales, unchanged from the previous day’s level.

The US dollar weakened against both the euro and the Australian dollar on Monday, as optimism over a potential trade deal boosted risk appetite and reduced demand for the greenback. A weaker dollar makes dollar-denominated cotton cheaper for holders of other currencies, providing additional export competitiveness for US cotton.

Market participants noted that optimism over a potential trade deal involving agricultural commodities is lending renewed support to cotton futures. Analysts said that all indicators point to a trade deal that includes agriculture, which would be a major positive for cotton demand.

However, ongoing trade tensions between major economies continue to weigh on the broader demand outlook for cotton despite the improving sentiment.

On the Chicago Board of Trade (CBOT), soybean futures rose to a four-month high on Monday, as traders anticipated that China might soon resume purchasing US farm products.

Meanwhile, the ongoing US government shutdown, now in its fourth week, has delayed the release of several key economic and agricultural reports, including the USDA’s WASDE, further slowing cotton market information flow.

As of this morning (Indian Standard Time – IST), ICE December 2025 cotton was trading at 64.73 cents per pound (up 0.17 cent), cash cotton at 62.06 cents (up 0.36 cent), the March 2026 contract at 66.18 cents (up 0.11 cent), the May 2026 contract at 67.43 cents (up 0.13 cent), the July 2026 contract at 68.55 cents (up 0.10 cent), and the October 2026 contract at 68.31 cents (up 0.21 cent). A few contracts remained unchanged from their previous closing levels, with no trades recorded so far today.

Fibre2Fashion News Desk (KUL)



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