Darcy Penick will return to Neiman Marcus-owned department store group, where she already worked in the past. Previously, Penick also held positions at Saks Fifth Avenue.
Companies
Mike Shearwood has quitted after an investigation carried out due to “complaints of conduct contrary to the family-owned company’s code of business ethics”.
The company, which works for Western luxury brands like Chanel, Louis Vuitton and Christian Louboutin in the region, currently manages 650 stores in fourteen countries in the Middle East.
The owner of Gucci, which sold its stake in Stella McCartney a few months ago, is focusing its group strategy on luxury. The company is also looking to sell sportswear brand Volcom.
The company has appointed Mario Coll, founder of Spanish handbags brand Misako, as new country manager for the Chinese market. Coll will be based in the Asian country.
The company has just unveiled a new centre named Jewelry Design and Innovation Workshop close to its global headquarters in New York with the aim of accelerating the launch of new products.
Both companies have reached an agreement to test the capabilities of this technology to improve customer shopping experience and streamline operations.
The Swiss luxury group has delisted today Yoox Net-a-Porter from Milan’s Stock Exchange, following the takeover bid launched last March to gain back control. Earlier this month, Richemont bought second-hand watch ecommerce platform Watchfinder.
The American company, which restructured its store network last year, has appointed Johanna Uurasjarvi as design director. She will be in charge of the group’s eponymous label and Madewell.
The Swedish fashion retailer has reopened its store in the French capital with a space that enables consumers to repair their clothes, customize them or even to buy specific care products.
Clemente Hernández Sánchez joined the company in 2015, after working in luxury and watch groups such as Munreco, Loewe and Rosa Clará. The executive replaced Guillermo Padellano in the position.
The tech giant has reached an agreement with the Chinese ecommerce group to increase its footprint in fast-growing Asian markets. As a counterpart, JD.com will be supported by Google as it expands into Europe and the United States.
The Spanish group, owner of Zara, continued to reduce its number of stores in its domestic market, in line with what happened in previous quarters. However, the company also diminished its store count in several emerging markets.
Daniel Lee has been named the company’s new artistic director and will assume the role on July 1. The designer has previously worked for fashion groups like Céline, Balenciaga and Maison Margiela.
The Italian company started a new retail, wholesale and digital strategy two years ago to turn the business around, after registering a net loss in fiscal 2016.
All economic news of the key fashion companies worldwide.