Fashion
Eurozone GDP growth to stay subdued at 1.1% in 2025: S&P
After 2025, the growth is expected to accelerate above the potential, reaching 1.4 per cent in 2027. Lower policy rates, strong private balance sheets that translate into a resilient labour market, and expansive fiscal policies will provide medium-term tailwinds.
“Our forecasts have only changed slightly since our last update in June 2025. The US and EU administrations’ trade deal has not altered the macroeconomic picture much. Our higher GDP growth forecasts for 2025 reflect a larger GDP carryover at the end of 2024 due to data revisions in some countries,” S&P Global Ratings said in its latest report titled, ‘Economic Outlook Eurozone Q4 2025: Recovery Continues Despite Consumer Hesitancy.’
Eurozone GDP growth is forecast at 1.1 per cent in 2025, with recovery accelerating to 1.4 per cent by 2027, supported by lower rates, strong labour markets, and fiscal policy, according to S&P Global.
Inflation is projected at 2.1 per cent in 2025 before easing.
Risks include higher US tariffs, geopolitical tensions, and weak confidence, though impacts vary across countries.
The eurozone economy remained resilient in the second quarter (Q2) of 2025. However, this is largely because exports to the US—which were front run ahead of tariffs in the first quarter—were slow to reverse in the second quarter. The report believes this reversal will extend into the third quarter.
The euro has appreciated more quickly than expected, largely owing to market concerns about the independence of US monetary policy. While this has given European consumers an extra boost via lower energy prices, it has not prompted a downward revision of inflation forecasts.
Strong labour-market conditions are expected to keep real wage growth above productivity for some time, sustaining inflationary pressure over the medium term.
S&P Global Ratings projects inflation to ease to 1.8 per cent in 2026 and 1.9 per cent in 2027, aligning closely with the European Central Bank’s (ECB) 2 per cent target. Barring external shocks, the ECB deposit facility rate is considered to have bottomed out at 2 per cent in the current rate-cutting cycle. Quantitative tightening is also nearing completion, which may ease long-term yields on euro-denominated government bonds.
Key risks to the baseline growth outlook include heightened tariffs, geopolitical tensions, and weak consumer confidence in certain European economies. Additional spillover effects may emerge from slower growth among Europe’s major trading partners, particularly the US, added the report.
Inflation risks remain two-sided: it could rise further in the event of escalating trade tensions, fiscal stimulus overlapping with labour-market bottlenecks, or geopolitical shocks disrupting commodity markets. Conversely, it could fall if trade diversions favour Europe or the euro appreciates more sharply than expected.
Following the recent EU–US trade announcement, baseline assumptions now include a maximum US tariff of 15 per cent on most manufactured goods. This compares with June 2025 assumptions of 10 per cent on all goods.
Despite these changes, the macroeconomic implications remain largely unchanged. At the aggregate EU level, the direct trade impact is estimated at around -0.4 per cent of GDP, only slightly lower than the -0.5 per cent implied by the April 2 announcement. Nevertheless, tariffs are now about eight times higher than they were before April, when the US levied an average tariff of less than 2 per cent on European imports.
Importantly, the tariff burden will vary across countries. Ireland and Belgium face fewer negative impacts. In contrast, Switzerland—though not an EU member—has seen its outlook deteriorate sharply after the US imposed 39 per cent tariffs, significantly affecting its growth prospects.
Fibre2Fashion News Desk (SG)
Fashion
FESPA Middle East 2026 opens next week at Dubai Exhibition Centre
FESPA Middle East officially opens next week at the Dubai Exhibition Centre (DEC), welcoming the regional and global digital printing, textile, signage, and screen printing community for three days of technology discovery, skills development and strategic insight.
FESPA Middle East 2026 is set to open next week at Dubai Exhibition Centre, uniting the print, signage and textile community with 150+ exhibitors, free expert conferences, World Wrap Masters, Sustainability Spotlight and the new AI Clinic.
The show focuses on innovation, skills, automation, AI and practical routes to sustainable business growth.
Taking place from 13 – 15 January 2026, the third edition of the event brings together more than 150 global exhibitors and brands, alongside a comprehensive programme of live features and free-to-attend conference sessions designed to support sustainable business growth across the speciality print ecosystem.
Commenting ahead of the show opening, Bazil Cassim, Regional Manager, Middle East & Africa, FESPA, said: “FESPA Middle East has been built around the real priorities and pressures facing our industry today. Businesses within the print, signage and textile industries are navigating rising costs, accelerating technological change and growing expectations around sustainability and skills.
“This event brings those conversations together in one place, combining innovation on the show floor with practical education, live demonstrations and peer exchange that businesses can immediately apply to their own operations.”
Held under the theme Your Industry. Your Community, FESPA Middle East 2026 will showcase the latest products and demonstrations with focused education addressing the most critical challenges shaping the sector – from sustainability and artificial intelligence to automation, creativity and craftsmanship.
Exhibitors include Arlon, AT.Inks, Brother, Color Dec, Cladex Paper, CSIX General Trading, Dilli, Docan, Dynagraph, Epson, Flex Europa, Flora, HandTop, Icon Digital, Interone, Kavalan, Massivit, Mimaki, Mutoh, Nutech Digital Ink, Nazdar, Orafol, Pongs, Serge Ferrari, Soletex, Summa, Triangle, xTool, and ZSK Stickmaschinen.
Taking place across all three days, the FESPA Middle East conference programme will deliver expert-led sessions examining regional market growth, international expansion, digital design, sustainability and the future of production. Speakers from across the print, signage and textile value chain will share real-world case studies and practical strategies, equipping attendees with actionable insight to remain competitive in a rapidly evolving market.
Among them is George Simonian, Professor at BADR University, who will open the programme with an overview of how the regional print market has evolved over the past decade, setting the context for future opportunity. Jon Bailey, Founder of Precision Proco, will share his journey from a local print business to an international production partner, offering practical insight into scaling, global collaboration and maintaining brand consistency.
The programme also explores emerging technology and sustainability in depth. Nita Odedra, Strategy Director at Blue Rhine Industries, will examine how design and signage shape immersive brand experiences. Sustainability-focused sessions include a panel with Debora Isabella Tobing from EPSON Middle East and Raya Makawi an Advisor to Government Affairs, exploring how environmental responsibility can be embedded in organisational culture and long-term business strategy.
One of the show’s most dynamic live features, World Wrap Masters Middle East returns with elite and up-and-coming wrap professionals competing across a series of technical and creative challenges. From vehicle wraps and colour-change films to printed vinyl and paint protection film (PPF), competitors will be judged on precision, finish and efficiency, with the winner securing a coveted place in the World Wrap Masters Finals in Barcelona later this year.
The competition is complemented by live wrap demonstrations and training sessions delivered by internationally recognised experts, offering visitors practical guidance on advanced techniques, detailing and workflow optimisation.
Reflecting the industry’s growing focus on responsible production, the Sustainability Spotlight provides a dedicated platform to explore how sustainability can be embedded in everyday print and signage operations. Through curated content, practical resources and conference sessions, visitors can learn how to adopt sustainable materials, improve efficiency and better communicate environmental credentials to customers.
This focus is reinforced by findings from the new FESPA Print Census, which show that while 92% of print service providers recognise sustainability as important, only 40% currently view it as a core business priority, often due to cost pressures and uncertainty around return on investment. The Sustainability Spotlight addresses this gap by highlighting realistic, commercially viable pathways to progress.
New for 2026, the FESPA AI Clinic, supported by Koshima.AI and led by the company’s founder, Carlo Pepe, responds directly to industry demand for clearer, more practical guidance on artificial intelligence. Census findings have revealed that 39% of print service providers have not yet adopted AI, largely due to skills gaps and limited awareness.
“FESPA Middle East is more than a trade show – it is a meeting point for the industry’s future. By bringing technology, education and community together under one roof, we are creating an environment where businesses can learn, adapt and collaborate. At a time of significant change, the value of coming together as an industry has never been more important,” concluded Cassim.
Attendance at the conference is free for all event visitors.
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)
Fashion
Vichy taps Emily DiDonato as global brand ambassador
Published
January 9, 2026
Vichy Laboratoires has named model and wellness advocate Emily DiDonato as its new global brand ambassador.
In this role, DiDonato will star in the brand’s new skin and hair care campaigns, as well as serve as its voice on social media.
The appointment comes as the dermocosmetics brand sharpens its focus on integrative health, with DiDonato’s new ambassadorship serving as a springboard for this shift.
“I was drawn to Emily’s genuine embodiment of our brand values, and I am thrilled to welcome her to the Vichy Laboratoires family,” said global brand president of Vichy Laboratoires, Vincent Chauvière.
“In addition to being a talented model and a beloved personality, Emily is also an inspirational voice in the beauty and wellness conversation, widely trusted to lead a path for people to maximize their skin and hair health, inside and out.”
DiDonato began her modelling career at 17 and has since fronted major global campaigns and appeared in leading fashion and beauty titles including Vogue, Elle and Harper’s Bazaar. Alongside her fashion career, she has built a parallel platform centred on wellness, earning certifications as a nutrition coach and yoga instructor.
“I can’t believe that today I join the Vichy Laboratoires family as their Global Brand Ambassador,” said DiDonato.
“I feel the Vichy innovations and campaigns always capture this link between health and beauty, which I fully advocate for. Vichy is an iconic French dermo brand that empowers people to become the healthiest version of themselves, and I’m very excited to show you what we’ve been up to!”
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Fashion
Puma appoints Nadia Kokni as vice president, global brand marketing
By
DPA
Published
January 9, 2026
The sports company Puma has appointed Nadia Kokni as vice president, global brand marketing, effective January 1. In this role, she will report directly to chief brand officer, Maria Valdes.
In her new role, Kokni will oversee the global brand marketing strategy and creative direction, as well as integrated marketing and communications. Her appointment comes as Puma advances its global brand ambitions and sharpens the storytelling around its iconic products and innovations.
Kokni brings extensive international experience in shaping and transforming leading global brands across sports, fashion and lifestyle. She has held senior positions at JD Sports, H&M, adidas, Tommy Hilfiger and, most recently, Hugo Boss, where she served as senior vice president of global marketing and communications. In that role, she led a large-scale brand transformation and accelerated digital initiatives.
“Nadia is a world-class marketing expert who has demonstrated her ability to build modern global brands through strategic clarity, creative excellence and cultural relevance,” said Valdes.
“Her appointment comes at an important time for Puma, as we bring product development and storytelling even closer together. With her leadership, Nadia will help us tell clearer product stories around the world, build greater brand desirability and forge deeper relationships with our consumers.”
Her appointment follows the decision to bring brand marketing, product, creative direction, innovation and go-to-market together into a single global organisation under the leadership of Valdes.
“I am delighted to join Puma at such an exciting time for the brand. The company has an impressive heritage and a clear opportunity to take a leading role at the intersection of sport, culture and performance. I look forward to working with Maria and the teams around the world to tell bold, meaningful stories that inspire our consumers and accelerate Puma’s next phase of growth,” said Kokni.
She replaces Richard Teyssier, who has decided to leave the sporting goods manufacturer to pursue new challenges outside the company.
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