Once one of the PIGs, it led a recovery described by the experts as astonishing and is today the fastest growing economy in the euro area.
The Italian fashion company is in full process to find a buyer. Among the interested parties are Bluestar, Alliance, OTB by Renzo Rosso and Philipp Plein.
In four days, the company will begin an online challenge in order to create a junior talent team that will work in the company for six months.
The Spanish executive left the US group in February. He is currently a member in the Global Fashion Group’s board, the subsidiary for Rocket Internet’s emerging platforms.
The company, which is in full search for a new owner, has closed all its stores in the North American country, as well as its e-commerce platform.
The company has managed to cushion the fall of its operating result, improving margins and reducing sales with discount.
Bill Wallford will be the new chief financial officer and will replace Michael Fung, who held the charge on an interim basis since October.
The company, which was born in 2019, closed a new investment round led by Franklin Templeton Investments and Brain Capital Ventures.
Robots also sneak in points of sale to perform tasks such as charging, opening and closing the door, folding clothes, acting as a security agent or answering frequent questions, among others.