Companies

The government of the country started the Project Sure with the goal of reducing the environmental impact in its factories. The initiative counts with the support of the principal industrial groups.

The German luxury and fashion ecommerce platform closed its fiscal year with a revenue of 377 million euros (419 million dollars) and a rise in ebitda of 50%.

The group presents a strategic plan to recover the time loss after putting an end to an internal fight and controlling its debts.

Yating Wu, former Unilever, is named as CEO of the joint venture between the Yoox Net-a-Porter Group (Ynap) and Alibaba to conquer Chinese consumers.

The optical giant, second by revenue in the sector, signed last May the end of the conflict in its helm, that had put a brake in the integration of both groups.

The new president of the Spanish department stores giant, Marta Álvarez, presented the roadmap that defines the new strategic politics of the company to boost its growth.

Inditex purchased Stradivarius from the Triquell family the 12th of November of 1999. Back then the company’s revenue didn’t arrive to 100 million euros, today its over 1.5 billion euros.

The American apparel and sportswear company closed the first half of its fiscal year with a net benefit of 232 million dollars, the equivalent of a 8.3% drop, compared to the previous year.

The American giant closed the first half of its fiscal year, ended August 3rd, with a net benefit of 7.7 billion dollars, and sales for 395 million dollars.

The star chain of Inditex started commercializing the line Denim from Denim a collection of garments constructed with this textile from secondhand items.

From toasters and squeezers of Smeg, to Phaidon books and Berghoff pots and pans, these products will enter, starting in October, the offer of the home line of Inditex.

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 American retail giant closed the first half of its fiscal year, ended 31st of July, with a revenue of 1.8 billion dollars.

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 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.

The American perfume and cosmetic giant closed its fiscal year, ended 30th of June, with a revenue of 14.8 billion dollars (16.4 billion euros).

The American retail giant creates the new business model Style Passport, that will allow the customer to rent three garments a month for a fixed price of 85 dollars.

The terms of the agreement are that the orders made in the Adidas online platform, will be delivered by the ecommerce giant. For now, the pilot project will be concentrated in Paris.

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Modaes Global - Companies | Economic news of fashion companies. All the economic news of the main companies in the fashion business in Spain and around the world. - Modaes Global.

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