The net profit of the company stood at 17.2 billion Mexican pesos (905.4 million dollars), with a decrease of 64%.
Companies
The deal, valued at 3.5 billion yuan (450 million euros), makes the company the second largest shareholder of Shandong Ruyi, after its president, Yafu Qiu.
The Swedish fashion retailer has launched a clothing rental service for members of its loyalty program. This is the first time the group tries this format.
The luxury fashion company, owned by LVMH, is currently present in the country though shop-in-shops in El Palacio de Hierro.
Smcp, owner of brands like Sandro or Maje, has ended its third quarter with a revenue of 274.5 million euros.
The French perfume manufacturer has finished the first nine months of the year with a revenue of 367 million euros.
José Luis Martínez de Larramendi, current head of the group in the American market will lead the expansion in the new markets. He will also be in charge of the US.
The Mexican department stores group has ended the period with a revenue of 23,559 million Mexican pesos (1.2 billion dollars).
The Spanish group, owner of Cortefiel, Springfield, Pedro del Hierro and Women’ Secret, has ended the first half of the year with a growth of about 1%. The group’s ebitda has risen 62%, although excluding IFRS 16 it fell.
The Italian group, that also owns brands like Diesel and Maison Martin Margiela, amongst others, acquired a majority stake in the handbags and accesories company three years ago.
The British childrenswear company is being advised by the consultant to implement a contingency plan that could include entering into a new voluntary agreement with creditors (CVA).
The American footwear company has finished the second quarter of its fiscal year 2020 with an operative income of 97.1 million dollars and sales for 542.2 million dollars.
The Spanish fashion retailer has opened a three hundred square meters store where it will sell its entire offer.
The French luxury holding, owner of brands like Louis Vuitton, Dior or Celine, has offered 120 dollars per share.
The Italian fashion group has signed Esteban Liang, former Inditex to lead its business in the Asian country where it operates with more than 300 stores.
All economic news of the key fashion companies worldwide.