More than twenty fashion and luxury giants confirmed their attendance to the G7 Summit in Biarritz, France to create a path towards a more sustainable industry.
The American sportswear company, specialized in outdoor apparel and footwear, ended its fiscal year 2018 with a revenue of 2.8 billion dollars (2.5 billion euros).
The owner of Victoria’s Secret ended its first half with a net benefit of 77.8 million dollars, compared to the 146.5 million dollars last year.
The American retail giant closed the first half of its fiscal year, ended 31st of July, with a revenue of 1.8 billion dollars.
After three decades on the low, the industry started reassembling and picks up its pieces to face a new era of sustainability and digitalization.
The flavors and fragrance creator, has purchased Fragrance Oils, located in Radcliff, with a team of 250 employees and presence in more than 90 countries.
The Italian businessman Diego Della Valle did this operation through the acquisition of 2.4 million shares to Credit Agricole.
The Danish jewelry group closed its second quarter, ended 30th of June, with a net benefit of 327.5 million dollars (295,3 million euros).
The department store’s creditors have approved another year of administration, exactly one year after acquisition by Sports Direct. Mike Ashley stated its problems as “nothing short of terminal in nature”.
The retail and sportswear giant expect to end 2020 with 270 establishments in the country hand in hand with its local partner, Gresvig.
The British marketplace has asked 3% reduction to its suppliers to “fuel joint growth” and compensate the investments in logistics, sustainability and marketing.
The Canadian group The Catalyst Capital Group has extended its share in the department stores groups in an operation valued in 140.6 million dollars (126.8 million euros).
Besides giants of the sector in Spain, other fashion players in the country also created goals for 2020 to reinforce their commercial network or double their revenue.
Donald Trump tariff increase starting September 1st, represents 77% of textiles, garment and footwear, according to the spokesperson of the sector in United States.