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.
All economic news of the key fashion companies worldwide.
