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EURATEX & 25 other groups call for quick EU-Mercosur FTA approval

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EURATEX & 25 other groups call for quick EU-Mercosur FTA approval



We, 26 European business associations, representing a wide array of industries and businesses, express our full support for the swift ratification of the EU-Mercosur Partnership Agreement.

Together, our members cover a significant portion of the total trade in goods and services of over 153 billion euros in 2024 between the EU and the Mercosur region, as well as the approximately 380 billion euros of mutual investment in our two regions in 2023. In this unprecedented time when the rules-based global order is being critically undermined, this free trade agreement represents a beacon in the EU’s diversification strategy. It is therefore a critical element in ensuring the EU’s long-term competitiveness.

Twenty-six European business associations, including EURATEX, have urged the swift ratification of the EU-Mercosur Partnership Agreement, calling it vital for Europe’s long-term competitiveness and global diversification.
The deal covers €153 billion in annual trade and €380 billion in mutual investment, with projected GDP gains of €77.6 billion for the EU and €9.4 billion for Mercosur by 2040.

By 2040, according to DG Trade’s calculations, the agreement is expected to add 77.6 billion euros to the EU GDP and 9.4 billion euros to the Mercosur GDP. At the same time, the agreement will result in a 39% increase in EU exports to Mercosur and a 17% increase in Mercosur exports to the EU.

The EU-Mercosur is a modern agreement, driven by modern principles. It will deliver increased market access and improved access to resources, while preserving key sectors in European domestic markets, diversifying secure supply chains, and fostering investments for both sides. It will also help us deepen our cooperation on sustainable development, in areas such as fighting climate change, preserving biodiversity, and advancing labour and social rights.

European businesses wholeheartedly support the EU-Mercosur Agreement and call on the Council and European Parliament to swiftly ratify the EU-Mercosur interim Trade Agreement (iTA) and the EU-Mercosur Partnership Agreement (EMPA). To this end, it is key to streamline the ratification process and to ensure timely completion and avoid procedural delays. This is a crucial opportunity for Europe which will support growth and prosperity for one-fifth of the global economy – benefiting about 750 million people.

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 (KD)



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Sebastian Picardo is new Monica Vinader CEO

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Sebastian Picardo is new Monica Vinader CEO


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October 14, 2025

UK-based jeweller Monica Vinader has a new CEO with Sebastian Picardo now at the helm of the brand that has been run by its founders for its entire history.

Monica Vinader

Picardo is a seasoned luxury executive who’s worked at Holt Renfrew, Lane Crawford, Burberry, Net-A-Porter and Alexander McQueen

His most recent role was as president & CEO at Canada’s Holt Renfrew for five years, joining in summer 2020 as the pandemic made it one of the most difficult periods for luxury department stores.

Before that he’d spent six years at one of Asia-Pacific’s key names, Lane Crawford, ending his time there as deputy president. Previously he’s been digital commerce MD at Burberry, head of finance at Net-A-porter, and financial controller at Alexander McQueen.

So he’s clearly an extremely experienced executive and leader with crucial time spent both at the upper end of the luxury segment and also in the more affordable premium space in which Monica Vinader operates. And his knowledge of the international market should also be key.

Its big move for the brand that was founded by siblings Monica and Gabriela Vinader in 2008 and has been profitable for most of its history.

With Picardo as CEO, Monica Vinader remains an executive and also the brand’s artistic director while Gabriela Vinader has become a non-executive director.

They said Picardo is “perfectly placed to guide our next phase of growth” and will work to accelerate the business’s global reach, “scaling innovation, inspiring existing and new audiences, and setting new standards for modern luxury jewellery”.

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Portuguese textile exports prove resilient in the face of US-imposed tariffs

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Portuguese textile exports prove resilient in the face of US-imposed tariffs


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October 13, 2025

Portuguese textile exports are withstanding the impact of the tariffs imposed by the United States, demonstrating the ability to remain focused on the most important markets and that they are “falling only marginally”, Ricardo Silva, CEO of Tintex Textiles and the new president of the Textile and Clothing Association of Portugal (ATP), told Jornal Económico.

He also confirmed that exports are down by less than 1%, showing that production in Portugal is maintaining its market positions, and delivering “a performance well above what is happening among competitors”, noted the new leader of the ATP, who was elected in the middle of last month for the 2025-2027 three-year term, succeeding Mário Jorge Machado of Adalberto Textile Solutions.

DR

Based on the table provided by ATP, which has not yet been updated with the August figures, cumulative Portuguese exports between January and June fell, compared with the same period in 2024, by just 0.1%, from 3.362 billion euros to 3.357 billion—a reduction of 4.2 million euros. For the same period, clothing recorded the steepest decline, down around 1.5%.

By contrast, textile imports totalled 3.14 billion euros between January and June, about 6% more than the 2.95 billion recorded in the first six months of last year. Clothing is also the biggest contributor, with an increase of around 10%.

The North American market, a recent focus for Portuguese textiles, accounts for no more than 13% of exports, with the direct impact of tariffs being far lower than in other sectors, such as wine. However, the US consumer market offers added value, notably serving as a hub for neighbouring markets such as Canada and Mexico, the newspaper also notes, based on data provided by ATP.

According to Ricardo Silva, “Exports are in line with last year”, which runs counter to the industry’s worst expectations, particularly given that negotiations between the European Union (EU) and the US were not favourable to the sector, as the previous president of ATP, Mário Jorge Machado, who chairs the European confederation of textile industries Euratex, had already noted.

Mário Jorge Machado was recently in Paris, in the middle of last month, to take part in an exceptional meeting of European federations, aimed at confronting the ultra-fast fashion players, Shein and Temu, but also the effects of the US tariff war, which is prompting Asian production to be redirected to Europe. As he told FashionNetwork.com in an interview, European manufacturers continue to invest in improving production processes, such as “decarbonisation, innovation, sustainability, reducing water consumption and control/regulation of chemical substances”, and, faced with very low-priced non-European products (mainly from countries such as China, Laos or Vietnam), “the textile companies that play by the rules are the ones that disappear from the market.”

“We still believe in treaties, trade, free trade and fair trade. But we can’t play this game alone: if everyone else plays their cards under the table and only the Europeans play with their cards on the table, we will lose. So we can’t be naive. We have to defend our values and our industry.”

In this context, Euratex has already demanded from the EC that the same rules that govern the industrial production of European companies be imposed on foreign producers selling to the European market, so that there is no distortion of competition, as is happening, endangering the sector and those who work in it.

“We still believe in treaties, trade, free trade and fair trade. But we can’t play this game alone: if everyone else plays their cards under the table and only the Europeans play with their cards on the table, we will lose. So we can’t be naive. We have to defend our values and our industry,” warned the president of Euratex.

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Smart ring brand Ōura opens Harrods concept store space

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Smart ring brand Ōura opens Harrods concept store space


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October 13, 2025

Finnish fitness tracker/fashion jewellery brand Ōura has opened a concept retail space and taken over several promotional windows at luxury department store Harrods, featuring its upgraded next-gen Ceramic Collection.

Part of the Knightsbridge store’s ‘Tech Month’, the collection showcases its Ring 4 and Ring 4 ceramic range. Created in high-performance zirconia ceramic, it “blends science-backed health insights with refined elegance and everyday comfort”.

It’s also Ōura’s first collection of smart rings that don’t feature metallic finishes. Ōura says that, unlike painted or coated finishes, the colour on the rings comes from natural minerals in the ceramic itself, so it “stays vibrant and doesn’t fade over time”.

It comes with the brand’s first-ever charging case, a new ‘Health Panels’ feature that lets members schedule blood work directly in the Ōura app, multi-ring support, and more.

George Abbott, director of International at Ōura said: “This [Harrods] partnership is about placing health and design at the centre of luxury culture, showing that wellbeing and elegance belong side by side.

“With our first-ever concept store, we’re bringing the Oura experience into a new dimension: a physical… dedicated space where visitors can size, try on, and explore Oura Ring 4 and Oura Ring 4 Ceramic with the support of our dedicated specialists.”

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