Luc Volatier has left the company less than one year after his incorporation as head of supply chain. The executive will be relieved by Jean-Claude Thomas.
The Swedish distribution giant, that plans to link the rent to its stores sales, demands that online sales to be excluded from the revenue.
It’s the first time in seven years that Arcadia points negative results. Specifically, the group closed its fiscal year 2018 with an operating loss of 138 million pounds (153.7 million euros).
The low-cost distribution giant forecasts a 3% growth in its United Kingdom revenue while expects its sales in the European region to increase 5% in its fiscal year.
All economic news of the key fashion companies worldwide.