The fourth largest fashion retailer in the world closed 39 stores during the period and opened 62 new retail locations, mostly Old Navy and Banana Republic.
The German investment company is conducting negotiations with IBA Capital to get rid of the majority of commercial premises in the Spanish market that it acquired from Inditex in early 2018.
The company, owner of lingerie brand Victoria’s Secret, posted a 7% revenues jump in the same period, compared to the 0.4% upsurge registered in fiscal 2017.
The fashion company, owned by British group Arcadia, has posted losses of 10.9 million pounds, burdened by an impairment on a fixed asset and provisions for onerous leases.
All economic news of the key fashion companies worldwide.