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The global fashion business journal

Sep 22, 202011:26pm

Companies

h By Mds
Jul 31, 2020 — 10:04am
h By Mds
Jul 8, 2020 — 8:09pm
Brooks Brothers files for Chapter 11 bankruptcy

The apparel retailer was founded in 1818 and has dressed presidents from Abraham Lincoln to Barack Obama. It is know owned by Italian businessmen Claudio del Vecchio.

h By Mds
Jul 3, 2020 — 7:50pm
Esprit’s restructuring: 50 closures and 1,200 layoffs

The Hong Kong-listed apparel retailer filed for Protective Shield Proceedings for six German subsidiaries last March.

h By Mds
Jun 26, 2020 — 9:00am

The Swedish giant reported a pre-tax loss of 6.5 billion crowns ($685 million), against a year-ago 5.9 billion profit. The group is going to increase the pace of closures with around 170 gross closures this year.

h By P. R. D.
Jun 11, 2020 — 9:00am
While analysts consider the fast fashion model to be a risk for the future, proximity sourcing has saved Inditex in the first quarter. The group has reduced its cost of sales in proportion to the drop in sales.
h By I. P. G.
May 6, 2020 — 9:11am

Local consultancy Fung Business Intelligence estimated that consumption will return to pre-crisis levels in two or three months, according to a report published on March 18, with an especially rapid recovery in clothing and cosmetics.

h By Mds
Apr 15, 2020 — 5:05pm

Pablo Isla, chairman of the owner of Zara, has announced that it will continue to pay employees without government assistance.

h By I. P. G.
Apr 9, 2020 — 10:00am

A McKinsey report estimates that a two or three months lock down would bring a majority of players into financial distress situation.

h By P. R. D. / C. D. A.
Apr 6, 2020 — 4:00pm

As a black swan, the Covid-19 outbreak is even more transformative than events such as the Arab Spring, or even the fall of the Berlin Wall.

h By C. J.
Mar 27, 2020 — 2:00pm

Companies like Inditex or H&M consider supply chain disruptions, changes in consumer behaviour or currencies as more likely risks than a pandemic.

h By Mds
Mar 19, 2020 — 8:00pm

Hermès has closed its 42 production plants in France except for Vaudreuil, where it produces its perfumes, which will now produce disinfecting gels.

h By Mds
Mar 19, 2020 — 5:00pm
40% of Burberry’s stores worldwide are currently closed. The company has announced additional closings in the upcoming days.
h By Mds
Mar 19, 2020 — 4:27pm

The American fashion retailer reached sales of 2.7 billion dollars during the fiscal year 2019 driven by the European market.


h By PILAR RIAÑO
Mar 19, 2020 — 9:00am

The 287 million euros provision has harmed the final sprint of the year for the Spanish group. 

h By MDS
Mar 18, 2020 — 7:03pm

The Italian luxury company reached sales of 3.2 billion euros in 2019 and has recorded a net income of 256 million euros.

All economic news of the key fashion companies worldwide.

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