CaixaBank Pushes Back on Opposition to Spanish Banks in Portugal

The head of CaixaBank SA 's Portuguese unit sought to refute criticism that Spanish banks have too much influence in the country, saying their investment was vital in strengthening Portugal's finance industry when others pulled back.
'I think consolidation is a European goal,' Banco BPI Chief Executive Officer Joao Pedro Oliveira e Costa said at a conference in Lisbon. 'We need to focus more on what unites us than what separates us.'

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Yahoo

17 hours ago

• Yahoo

Italian fashion brand Twinset acquired by Borletti and Quadrivio

Italian investors Borletti Group and Quadrivio & Pambianco, through their private equity-based Lifestyle Fund II, have taken full ownership of the Italian fashion brand Twinset. Ownership is equal between the two investors, with the intention to jointly foster the brand's future expansion. Co-investors Narval Investimenti and Ersel Banca Privata's club deal are also part of the investment, with Narval appointing a board representative to support Twinset's growth. Borletti and Quadrivio plan to consolidate Twinset's affordable luxury market position and enhance brand awareness through marketing and communication investments. The strategy includes bolstering the retail channel with prime locations and advancing the online channel as part of a comprehensive digital strategy. They also aim to expand the franchise network and evolve multi-brand distribution. Borletti Group founding partner Maurizio Borletti stated: 'Twinset is a brand positioned in a developing segment, with solid foundations and still-significant potential. We will contribute our experience in the retail and fashion sectors to support its growth journey. The current state of the luxury market makes the alternative luxury segment an area of high growth potential.' Twinset, established in 1990 in Carpi, Italy, achieved revenues surpassing €200m ($230m) and more than €30m earnings before interest, taxes, depreciation and amortisation. Sales are predominantly direct-to-consumer via Twinset's retail network and online platform, complemented by wholesale distribution. The brand has 150 sales points, including directly operated stores and franchises. Twinset's online revenue has also seen double-digit growth, with annual increases above 10% since 2020 due to its online presence and selective multi-brand retailer distribution. 20% of Twinset's total revenues come from Spain, Germany and the Benelux countries. Geographically, Twinset will intensify its European presence and explore new markets such as the US and Asia. This is the second fashion sector investment for Borletti in 2025, following US apparel brand True Religion. Twinset is the fourth portfolio investment ror Lifestyle Fund II, joining brands such as Autry, Filippo De Laurentiis and Sessùn. Twinset CEO Alessandro Varisco stated: 'I am very happy that Twinset is being acquired by two Italian funds, Borletti and Quadrivio, who know our sector well thanks to their experience. It is a great opportunity for the company, which allows us to further strengthen its identity and become an increasingly international brand.' "Italian fashion brand Twinset acquired by Borletti and Quadrivio" was originally created and published by Retail Insight Network, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Sign in to access your portfolio

Yahoo

a day ago

• Yahoo

Liverpool signs Germany midfielder Florian Wirtz from Bayer Leverkusen

FILE -Leverkusen's Florian Wirtz reacts disappointed during the German Bundesliga soccer match between Bayer Leverkusen and Union Berlin at the BayArena in Leverkusen, Germany, April 12, 2025. (AP Photo/Martin Meissner, File) Germany's Florian Wirtz runs with the ball during the Nations League semifinal soccer match between Portugal and Germany at the Munich Football Arena, in Munich, Germany, Wednesday, June 4, 2025. (AP Photo/Martin Meissner) FILE -Leverkusen's Florian Wirtz in action during the German Bundesliga soccer match between Bayer Leverkusen and FC Augsburg at the BayArena in Leverkusen, Germany, April 26, 2025. (AP Photo/Martin Meissner), File) FILE -Leverkusen's Florian Wirtz in action during the German Bundesliga soccer match between Bayer Leverkusen and FC Augsburg at the BayArena in Leverkusen, Germany, April 26, 2025. (AP Photo/Martin Meissner), File) FILE -Leverkusen's Florian Wirtz reacts disappointed during the German Bundesliga soccer match between Bayer Leverkusen and Union Berlin at the BayArena in Leverkusen, Germany, April 12, 2025. (AP Photo/Martin Meissner, File) Germany's Florian Wirtz runs with the ball during the Nations League semifinal soccer match between Portugal and Germany at the Munich Football Arena, in Munich, Germany, Wednesday, June 4, 2025. (AP Photo/Martin Meissner) FILE -Leverkusen's Florian Wirtz in action during the German Bundesliga soccer match between Bayer Leverkusen and FC Augsburg at the BayArena in Leverkusen, Germany, April 26, 2025. (AP Photo/Martin Meissner), File) Liverpool delivered a huge statement of intent after winning the Premier League title by signing Germany star Florian Wirtz from Bayer Leverkusen on Friday. The transfer fee could climb to 116 million pounds ($156 million), which would make the 22-year-old Wirtz the most expensive player in the history of British soccer. Liverpool, determined to not stand still after securing a record-tying 20th English top-flight title, has splashed out a club record to bring in not only one of the best players from Germany, but one of the top youngsters in the world.

Bloomberg

a day ago

• Bloomberg

Spain's Indra Downplays Franco-German Sparring Over Fighter Jet

Indra Sistemas SA 's chairman sought to assuage doubts over Europe's next-generation fighter-jet program, after disagreements between partners Dassault Aviation SA and Airbus SE broke into the open this week. 'There are tensions regarding who does a little more or who does a little less. But the project is on track and is moving forward according to the plan,' Indra's Ángel Escribano said in an interview in Madrid. 'We would like it to be a little more smooth.'