Jan 4, 2019 — 4:00pm
The majority shareholder and chief executive of the Canadian department store group has signed an agreement to acquire 18 million ordinary shares by means of Rupert of the Rhine entity.
Companies
Jan 4, 2019 — 10:00am
Sears, L Brands, Esprit. The CEOs of the largest fashion companies face twelve months that will be key for its future.
Jan 4, 2019 — 9:56am
The fashion sector finds itself in the middle of a never-ending discounts and promotions battle. Data analysis will be the key for retailers to regain the control, according to the report Powerful pricing: The next frontier in apparel and fashion advanced analytics by McKinsey.
Jan 3, 2019 — 6:08pm
Edward S. Lampert has an ace up his sleeve in case his first bid, consisting of 4.4 billion dollars, does not receive the status of qualified offer.
Jan 3, 2019 — 10:00am
Mercedes Gorriti, who took over the manager position in womenswear in 2015, was part of Spanish childrenswear brand Gocco’s founder team and was assistant manager in the retail section in Continente before signing up with the department store’s group.
Jan 2, 2019 — 5:00pm
The French fashion company, property of the group Modacin, has signed an agreement in which the brand will be now owned by its creditors, among them the investment funds Farallon, Carval and CVC, after not being able to face its debt.
Dec 27, 2018 — 10:40am
The Spanish fashion company sets its sight in Chile, where it already gathers a total of 55 points of sale in collaboration with Falabella. The company’s plans for the territory are aimed at its settlement in the country’s main cities.
Dec 27, 2018 — 10:00am
Whilst Retail Apocalypse was taking over the northern hemisphere, Latin American fashion giants reacted in time. They started to accelerate their omnichannel strategies taking advantage of the low penetration that titans like Amazon have, for now, in the region.
Dec 26, 2018 — 10:00am
American department stores are deeply immersed in restructuring processes compelled by the brick crisis and the rise of pure players.
Dec 24, 2018 — 10:18am
The Belgic designer’s creative proposal for recent collections was not well received by the group’s leadership who regarded it as expensive, extravagant and distant from the brand’s DNA.
Dec 21, 2018 — 4:30pm
The fashion retail giant created the joint venture named TreeToTextile along with Ikea and Lars Stigsson to industrialise the production of sustainable fibres.
Dec 21, 2018 — 4:00pm
The sports fashion titan from America raised its volume of business up to 19.32 billion dollars (16.9 billion euros) from June to November
Dec 20, 2018 — 10:00am
El Corte Inglés shelves one of the most challenging years of its history. Caught in the middle of an internal battle, the group has refinanced a debt of 3.65 billion, has carried out its first issuance of bonds and has let foreign investors take a stake in the company.
Dec 19, 2018 — 6:00pm
The department stores company declared its bankruptcy last October as well as its restructuring plan, which includes a reduction of the network of stores.
Dec 19, 2018 — 4:00pm
The French luxury company, after making a recent announcement that it will no longer use fur for its collections, has just taken a stake in Sulapac, a Finnish group that produces biodegradable materials.
All economic news of the key fashion companies worldwide.
