During six months, the department store chain will sell secondhand items from luxury firms in its flagship store in New York and on its online store.
Companies
Victoria’s Secret for sale. L Brands, the group that owns the lingerie chain, is exploring “strategic alternatives” for the brand, including its sale, according to the Wall Street Journal. In parallel, Leslie Wexner, owner of the group is discussing stepping down as CEO. The company has rise more than 13% in the stock market, reaching its maximum in one year.
Michael K. Nicholson, who had taken over the role as interim CEO, will focus once again on his duties as chairman and chief operating officer of the group.
American brand Calvin Klein seduced the Parisian city with a new flagship store, just a year after the passing of its creative director.
With menswear growing at the rapid pace, challenging retailers to adapt to the new style of the new consumer, from suits to casual. Several companies are faced with the choice to adapt to this new change.
The executive has been a key figure and replacement of the department store group, where in the last year he has served as CEO.
The American sportswear company has hired Darlene Nicosia, president of the Coca-Cola business in Canada, and Tristan Walker, founder, and CEO of the personal care company Walker & Company Brands.
The CEO of Columbia Sportswear assumed the chairmanship of the board temporarily after the death of Ger Boyle last November. The board has also named a lead independent director.
The president and chief executive officer, Art Peck, had already left the company in November. Gap, the fourth largest fashoin retailer, sees four managers exit in space of four months.
The luxury conglomerate, which last year, sealed one of the biggest deals of the year with the purchase of Tiffany, it reached sales of 53.7 billion euros in its last fiscal year which ended in in December 31.
With menswear growing at the rapid pace, challenging retailers to adapt to the new style of the new consumer, from suits to casual. Several companies are faced with the choice to adapt to this new change.
Chinese jewelry giant, Chow Tai Fook, established a hub in Boston following the acquisition of two American jewelry brands while it also continues to fatten its wallet in other markets.
The company which started off in the eighties by the hand of businessman Valentín González and has 42 stores in the Spanish market which are in the process of being transferred.
The Italian company, owner of the homonymous brand and Intimissimi, Falconeri or Tezenis, has ended the last term with 2,4 billion euros.
The fragrance and flavor manufacturer has ended the period with a revenue of 6,2 million euros (6.8 million dollars) and a result of 702 million euros (773 million dollars).
All economic news of the key fashion companies worldwide.