The president of the French company, Patrick Puy, has explained that the new owners of the group plan to invest up to 75 million euros to boost its brands.
The beauty giant has appointed Stéphane Rinderknech as head of the business in the Unites States while former CEO Frédéric Rozé will become executive vice president, Americas.
The British company, that operates in the country with local distributor Cia de la Moda, will open in number 44 of the Madrid street Claudio Coello.
The shares of the Italian intimate wear will start to list next Friday in the Paris stock exchange with the forecast of arriving at a market capitalization of 473 million euros (518 million dollars).
All economic news of the key fashion companies worldwide.