Companies

The British department stores giant has named Stefaan Vansteenkiste, that joined the company last April to start its restructuration.

The company registered a drop of 35 million euros (39.2 million dollars), with a rise of 6% compared to the 33 million euros (37 million dollars) last year.

The group just sealed an alliance with American department store giant Macy´s to reinforce its United States presence while in China has allied with Vip.com

The Spanish giant supply center will be operative from September and with it, the company will add nine stockrooms around the world.

The chain property of Tendam, will commercialize the new line in thirteen counties like Spain, Portugal, Mexico, France or Russia, starting next week.

The German sportswear group has closed its fist half with a revenue of 11.3 billion euros (12.6 billion dollars).

Italian luxury group, owner of Roger Vivier or Fay has registered red numberS for 6 million euros (6.7 million dollars) in Q2.

The American holding Capri grows 12% in the first quarter with a net benefit of 45 million dollars, 75.8% downed by the new accounting regulations.

The Chinese sportswear giant has sealed the acquisition of the holding E- Land Footwear, that besides owning the American brand, also owns others like Palladium, Supra, Pldm and Kr3w.

The American sportswear giants has acquired Celect, a company that gathers data to analyze consumer trends and adapt retail products to the changes in the market’s demand.

The Germany cosmetic giant, owner of companies like Nivea or Eucerin, has closed the first half of its fiscal year on the rise with a revenue of 3.8 billion euros (4.2 billion dollars).

Ed Razek, chief marketing officer of the group leaves its position after saying no to the inclusion of transgender models in its fashion show. Plus, models linked to the company claimed a serious commitment with diversity and gender equality.

The platform, that confirmed the plans to buy has explained that will release more details of the offer when its appropriate. Both brands are now in the hands of the Icelandic bank Kaupthing.

The British group has acquired the company, that filed for bankruptcy, in an operation of 13.9 million euros (15.5 million dollars).

Miguel Vargas, up until now responsible of the group in Mexico, Panama and Aruba, has been named as vice-president for the southeast region of United States.

The financial situation of the American department store giant has been rough during the last couple of months, in part because of the rise in the rent of its flagship store in Madison Avenue.

Harrods continues its transformation and names Caitlin Innes as its new digital and strategy director with the goal of managing the online business of the group.

The Italian optic giant has registered low results with a drop of 246.7 million euros (273.9 million dollars), affected by the IFRS 16 leases.

The revenue of the Japanese giant backed up to 1.5 billion euros (1.7 billion dollars), and its benefit arrived at 84.1 million euros (93.3 million dollars).

The Spanish giant of department stores sealed an alliance with the Chinese marketplace to distribute Tizas, Brotes and Cotton Juice.

From Levi Strauss to Global Fashion Group, the sector has opened its capital in the stock exchange to find the speed it needs.

Carlos Salcido, relieved last April by the Spanish José Antonio Revilla, has finished its contract with the Mexican giant of department stores.

Jose María Castellano, Marco Agnolin, Ramón Gago, José Manuel Martínez Gutiérrez, Victor Herrero or Costas Antimisaris, are some of the executives of the fashion system that trained in the Spanish giant.

In the last couple of years, the French group has let go of its portfolio: Naf Naf, Besson Chaussires, Chevignon and Merkal and has put in the market Minelli and San Marina.

The fragrances and cosmetics company closed the first half of its fiscal year with a net benefit of 2.2 billion dollars.

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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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