Avon CEO Jan Zijderveld will step down and Angela Cretu will take the role. Roberto Marques will become new CEO of the group.
Companies
Yolanda Zobel had joined the futuristic French brand in February 2018, she quits Courrèges to focus on new creative projects.
The British group of department stores wants to take advantage of the sportswear trend to revert their fashion business.
Companies such as Colombian Studio F and Cueros Vélez are commencing their expansion outside of Latin America in Spain. They add up to widely expanded groups like Havaianas or Leonissa.
The Austrian cellulosic fiber producer and Duratex will jointly open a pulp plant in Brazil by 2022. The factory will cover an area of 44,000 hectares and produce up 500,000 tons of wood pulp annually.
Richard Barker, the first executive of the Canadian group, wishes to raise the value of the buyout to eleven Canadian dollars by actions, the same amount that was offered by Catalyst Capital Group and was rejected by the board last December.
In 2008, 43.5% of the group's suppliers were within the common market. Ten years later, its share dropped to 24.6%.
EssilorLuxottica’s sister company Essilor International filed a complaint in Thailand after uncovering fraudulent financial activities in one of its plants.
The luxury department store group plans to settle in the Asian country with a store by next year.
The luxury holding owned by Bernard Arnault acquired Tiffany for 16.2 billion dollars. This deal was the largest operation in its history.
Boutiques, flagships, personalization, retail, online. The Swedish giant has reacted to declining sales with with trial and error.
The Japanese owner of Uniqlo reached in 2019 the second position in the global fashion podium, thanks to exchange rates.
The new store is located in Shibuya Parco, in Tokyo. The group is already present in Japan with 153 points of sale.
The designer, retired since 2004, was one of Cristóbal Balenciaga’s apprentice. In 1968 he launched his own brand and made it grow though licensees.
The chief executive officer of the American jewelry company, Alessandro Bogliolo, estimates a boost in sales in the Asian country throughout 2020.
All economic news of the key fashion companies worldwide.