Business

Recover partners with H&M as a 'large-scale' supplier of recycled cotton

Madrid – Spanish company Recover has taken a giant leap in scaling its operations and business model. The company has just announced a multi-year agreement with the Swedish fashion multinational H&M. It will supply the company with large-scale quantities of its recycled cotton fibres, which are marketed under the brand name 'RCotton'. The...

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Zalando appoints new chief financial officer

Anna Dimitrova is taking on the role of chief financial officer (CFO) at Zalando. Dimitrova will assume responsibility for finance and corporate governance in this position from January 1, 2026, Zalando announced on Wednesday. She brings over 20 years of extensive expertise in finance and strategic experience. Dimitrova also has a proven track...

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Textile innovator Piñatex heading for liquidation

Madrid – The outlook is bleak for the disruptive and renowned textile innovation company Ananas Anam, founded in 2013 by Spanish national Carmen Hijosa. The company owns a range of sustainable solutions for the textile industry, including the vegan pineapple leather marketed under the Piñatex brand. It is currently in pre-insolvency proceedings...

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Amazon confirms plans to cut around 14,000 office jobs

The world's largest online retailer, Amazon, is cutting around 14,000 administrative jobs. In a statement, the company attributed the cuts to organisational changes in the age of artificial intelligence. Shipping operations in Germany and other countries are not expected to be affected by the reduction in office jobs. It was initially unclear to...

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