Companies

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.

The Italian luxury group finished H1 with a net benefit of 155 million euros (172.5 million dollars) compared to the 99 million euros (119 million dollars) of 2017, due to Patent Box tax relief.

The German company has closed H1 with a revenue of 1.3 billion euros (1.5 billion dollars). The drop of the net benefit is due to a new accounting regulation.

The Spanish department store giant has as a goal to potentiate sustainability for 2023, so 50% of the cotton used by the group belongs to the BCI program.

While other pure players like Asos have launched profit warning, the German ecommerce giant forecasts that its ebitda will arrive between 175 million euros (194.7 million dollars) and 225 million euros (250.4 million dollars) at the end of its fiscal year.

The German beauty retailer has acquired 51% of ecommerce specialized in premium cosmetics brands.

The Italian footwear and leather goods company has closed its first half with a revenue of 704.9 million euros (785.7 million dollars) and a net benefit of 60 million euros (67 million 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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