Dogi news and archive

Dogi acquires fellow Catalonian textile firm Ritex

Dogi has acquired the Catalan textile firm Ritex through its subsidiary Elastic Fabrics. The operation values Rilex at circa 3 million euros. Dogi informed the Spanish market regulator, the National Securities Market Commission (CNMV) that the transaction occurred on Tuesday, valuing Ritex at around 3 million euros. Dogi has now ownership of 100...

ManagementFeatured

Catalonia: The impact of the referendum on the fashion industry

The Spanish fashion industry also suffers the negative consequences of the Catalonia referendum to achieve independence. The persistent political instability faced by the region - and much of the Iberian Peninsula – has led to a significant slowdown in tourism and consumption, as well as the imminent escapism of several Catalan entities due to...

Business|UPDATE Featured

Dogi becomes first apparel company leaving Catalonia due political unrest

Spanish textile company Dogi has become the first company in the fashion and apparel industry to leave Catalonia after the unleashing of an unprecedented institutional crisis on October 1st. After a few days of increasing tension, Dogi International Fabrics announced last Thursday that it had begun the process to move its registered office to...

Report

Monsoon reportedly shutting down 141 stores

Monsoon would have allegedly decided to close its largest shops, putting in jeopardy hundreds of jobs across the country. The retailer will shut down those shops that have the Monsoon and Accessorize brands. As reported by ‘The Guardian’ this Friday, Monsoon will get started with those locations that combine both brands in a single shop and will...

Business

Dogi increased its sales by 23.3 percent in the first quarter

Spanish manufacturer of stretch fabrics Dogi increased sales by 23.3 percent during the first three months of this year, to 10.9 million euros. Additionally, the company has reduced losses during the quarter substantially. The company, now fully financially backed by Sherpa Capital, recorded losses of 833,000 euros – this is, a 32 percent less...