Fashion
Ternua and Loreak Mendian brands change hands
Published
October 9, 2025
Basque conglomerate Ternua Group is moving forward with its insolvency proceedings, announced in June, through the sale of its Ternua and Loreak Mendian brands.
The Dikar co-operative, part of Mondragon Corporation, has acquired the group’s eponymous brand, following authorisation from Commercial Court No 1 in San Sebastián. The deal aims to safeguard the industry and the brand’s Basque roots, ensuring its continuity “within a solid, internationalised business project committed to the region.”
In a statement carried by Europa Press, Dikar stressed that this acquisition “consolidates its commitment to the region and its support for the Basque industry.”
The co-operative has not disclosed the purchase price for Ternua and noted that the deal forms part of its “diversification strategy” and “strengthens its position in the outdoor sector, where it already operates with its Columbus brand, specialising in equipment for outdoor activities.”
Incorporating Ternua into the Basque co-operative’s brand portfolio will allow “both brands to share synergies in product development, marketing, suppliers and sales channels”, the same sources said, adding that it will also bolster Dikar’s presence “in European and digital markets, and reducing its dependence on the U.S. market.”
They added that this operation likewise aims to “preserve industry, employment and the roots of a Basque brand with strong international recognition, promoting its continuity within a solid, internationalised business project committed to the region, in line with Mondragon’s values.”
Founded in 1969 and headquartered in Arrasate (Gipuzkoa), Dikar focuses on the hunting, sport shooting and outdoor sports sectors, and has two subsidiaries, one in Lawrenceville (United States) and another in Aveiro (Portugal). The head office and subsidiaries together employ more than 250 people.
Loreak Mendian also changes hands
As it proceeds with the sale of its four business units, Ternua Group has also found a buyer for its fashion brand Loreak Mendian, which it acquired in 2019. The brand will keep its roots in the Basque country: its new owner will be the Gipuzkoan company Borobitex, according to local media El Correo and El Diario Vasco.
The transaction was authorised by Commercial Court No 1 in Donostia on 15 September. Behind Borobitex, a limited company based in Irún, are three employees linked to the brand, including one of its founders, Víctor Serna.
With the sale of Loreak Mendian’s business unit, the continuity of 18 jobs is guaranteed (Ternua Group had around 180 employees at the beginning of the process).
In parallel with these two operations, the Basque conglomerate is working to ensure the continuity of its other two brands, Astore and Lorpen.
FashionNetwork.com with information from Europa Press
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Fashion
US Republican senator calls for DOJ and Homeland Security to investigate Shein, Temu for counterfeiting
By
Reuters
Published
December 1, 2025
U.S. Republican Senator Tom Cotton of Arkansas sent a letter to Attorney General Pam Bondi on Monday calling for the U.S. departments of Justice and Homeland Security to investigate online retailers Shein and Temu, which ship most of their merchandise from China, for wide-scale intellectual property theft and counterfeiting.
The letter, which was seen by Reuters, adds to the increased scrutiny of Shein and Temu, which both sell $20 shirts and $10 accessories, following the end of a U.S. trade exemption that helped both companies gain popularity in the region. Shein is privately held and Temu is owned by PDD Holdings.
Shein and Temu did not immediately comment on Cotton’s letter.
The European Commission said in July that Temu was breaking EU rules by not doing enough to prevent the sale of counterfeit goods on its platform. The company said at the time that it would fully cooperate with the Commission.
Shein has previously said that it requires its suppliers to certify that their products do not infringe on a brand’s intellectual property and that they are not counterfeit. The company has a team that ensures its sellers comply with the policy and takes swift action if they are not in compliance, a spokesperson previously said.
The ending of the, which allowed packages shipped directly to shoppers valued at under $800 to enter the U.S. duty-free, has “forced Shein and Temu to change their business model,” Cotton said in the letter.
“These companies now stock massive inventories in U.S. warehouses and distribution centers. Their goods are no longer slipping through ports,” Cotton said. “They are sitting on American soil under U.S. jurisdiction.”
Texas Attorney General Ken Paxton said on Monday he is investigating whether Shein violated state law related to unethical labor practices and the sale of unsafe consumer products. France last week asked a Paris judge to suspend Shein in the country for three months over sales of childlike sex dolls and banned weapons.
© Thomson Reuters 2025 All rights reserved.
Published
December 1, 2025
Modella Capital is fast becoming one of the most acquisitive businesses on the UK high street and the latest retailer to join its portfolio is footwear chain Wynsors World of Shoes.
The company hadn’t made a formal announcement as we published but a spate of Companies House announcements came through about individuals ceasing to be “a person with significant control” of Wynsors’ parent company or becoming newly appointed directors. Yet the biggest clue that came early evening on Monday was the one that said “Appointment of Modella Capital Directors Limited as a director on 29 November 2025”.
There’s no hint of how much it might have paid for the business.
The story had originally been broken by Sky News on Monday morning, which had said the investment firm was targeting a takeover of the privately owned footwear retailer and was in “advanced talks”.
Wynsors trades from around 50 standalone shops across the north of England and Sky had said Modella was “the likeliest buyer” of the business, with expectations of a deal before the end of the year. Monday’s later developments tore that timeline up completely.
Modella was recently in the news as the buyer of Claire’s UK business. It also recently bought the non-travel locations of WH Smith (now renamed TG Jones) and owns Hobbycraft and The Original Factory Shop too. It had earlier hoped to add Poundland to its portfolio but missed out on that one.
Wynsors had been looking to sell for around two months and accountancy firm RSM had been hired explore interest from prospective bidders, Sky News said.
The chain trades from around 50 standalone stores and 40 concessions. It sells brands including Adidas, Skechers, Hush Puppies, Clarks, Nike, Kickers and more. And although its sells footwear for women, men and children, it focuses particularly on school shoes.
Copyright © 2025 FashionNetwork.com All rights reserved.
Published
December 1, 2025
A running specialist is all set to drive growth in Eastpak‘s bags business. VF Corp’s luggage brand, a major player in the backpack market in France and across Europe, has appointed a new global brand vice president. Marie Gras, who has served as vice president for running at the French sporting-goods giant Decathlon for nearly two and a half years, is leaving Hauts-de-France to join VF Corp’s Antwerp offices. From Belgium, the group operates Eastpak as well as Kipling (led by Domitille Parent, who previously headed Eastpak).
For Marie Gras, a first challenge looms with last weekend’s reopening of an Eastpak flagship on London’s Carnaby Street. The store is located at 35 Carnaby Street and spans two floors. The brand opened its first-ever store on the London thoroughfare in 2008, in a 170-square-metre space.
Marie Gras helped implement Decathlon’s recent running strategy, in one of the world’s fastest-growing sports. Through its dedicated running brand, Kiprun, Decathlon has launched a running app and, notably, formed agreements with partners in new territories to develop Kiprun spaces beyond its own Decathlon stores. Previously, the executive spent almost eight years at Adidas, most recently overseeing the brand’s activities and events in Paris, one of the key cities in the brand’s global visibility strategy.
Eastpak is one of the luggage brands owned by the VF Corp group, which is currently streamlining its operations. The group also owns Kipling, to which it has given fresh momentum in recent months, as well as JanSport, focused on the US market. Eastpak, which benefits from numerous collaborations with designers and mass-market licences, such as Diesel and Gremlins, was founded in 1952 under the name Eastern Canvas Products. In France and Western Europe, it holds a key position among lower- and upper-secondary students. However, across the functional backpack category as a whole (excluding hiking backpacks), the French brand Cabaïa has gained market share in recent years and now claims category leadership in France.
For Eastpak, the challenges are therefore to scale up its entire bags and luggage range and to strengthen its competitiveness against emerging European players in various markets, such as Rains, Ucon Acrobatics, Qwstion, Kapten & Son, Tucano, Ferrino, Ecoalf, Lefrik, and Sandqvist.
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