Companies

The American cosmetics giant has completed its first six months (June to December) with revenue of 8.5 billion dollars. The EMEA market saw a tremendous growth, similarly to the Estée Lauder skin care category, which is the division that grew the most.

Azzaro’s new artistic director, Olivier Theyskens, will design the company’s couture collection, which will be presented in the French capital in July.

The American sportswear company has added two new executives to its team, Colin Browne as chief operating officer and Paul Fipps as chief experience officer.

The Italian luxury brand, owned by Mayhoola investment fund has just named Marco Giacometti as its new chief commercial officer who will assume his role in mid-April.

The American cosmetic group has closed the first six months of 2020 with a net income of 39 million dollars.

The company warns the coronavirus outbreak impacted its growth. In the third quarter, Michael Kors has reduced its sales by 5.1%.

Katie Bickerstaffe start her new role as CEO on 27th of april, 2020. The executive has been CEO for SSE Energy Services, one of the biggest energy providers in UK, and part Mar&Spencer's board.

The American department store chain, Macy’s, has also presented its preliminary accounts for the year of 2019 and estimates closing the year with a revenue of 24.5 billion dollars.

The LVMH owned chain will be opening 100 stores across 75 cities in 2020, the new locations will be housed in streets and local center locations.

The French beauty company is in talks with the investment fund Impala for the sale of one its cosmetic brand, the deal is expected close this summer.

The French luxury brand has recently appointed, Marc Sjostedt, a company veteran.

The company has launched the Cos Restore collection, which involves repaired and returned garments with a 30% discount.

The British footwear company is planning on joining the ranks of other stores in the shopping mall of Highcross Leicester.

The founder of Sports Direct has acquired a minority stake in the British company, Mulberry, which ended the first half of the year with losses of 9.8 million pounds (12.8 million dollars).

The company has ended the first nine months of the year of 2019, with revenue of 4.9 million dollars.

The Spanish fashion distribution company also plans to increase the use of recycled polyester in its garments up to 50% until 2025.

The American company has submitted an offer at the Delaware court. Forever21 filed for Chapter 11 bankruptcy protection in the US last year.

The Danish jewelry company has reached sales of 21.8 billion Danish crowns (3.2 billion dollars), 4.1% less than in the year 2018. Its Net profit suffers a four-year consecutive decline.

The Swedish fashion distribution giant will reshape its stores following criticism from analysts, who questioned the current model of the group.

Department stores are devoted to try new store concepts inspired by an apothecary and in line with its Story spaces. Its first opening will be in Texas.

The US company must increase the price to a minimum of one dollar per share for thirty consecutive trading days in order to continue trading on the stock market.

The American group of department stores filed for chapter 11 last August. In January, court filings of Barneys had projected having up to 4 million dollars in severance obligations

The fashion and perfume group Puig has launched a device with the German appliance manufacture BSH that enables the end user to create its own perfume.

Although done at a slow pace, the Spanish fashion business incorporates methods to connect sustainability with its performance.

The Domican family, Comerica Bank or Triple Point Capital have been some of the investors who have led the round.

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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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