Companies

h By Mds

Mar 9, 2020 — 5:54pm

Stella McCartney swings to a loss in its last year with Kering

The label said 2018 had been a year of transition and blamed reorganization costs for the 11 million pounds of loss. LVMH replaced Kering as a minimum stakeholder.

h By Mds

Mar 9, 2020 — 5:30pm

Superdry co-founder James Holder launches new brand

James Holder, co-founder of the British company, has created a new project, called JackitCo, under which he will launch ten new brands over the coming year.

h By C. JUÁREZ

Mar 9, 2020 — 9:00am

Ethiopia, the next axis of sourcing amid coronavirus

Inditex, H&M, Decathlon or Primark are some of the major operators in the sector that have already opted to source from the African country. Chinese know how and low labour costs are its main incentives for the sector.

h By MDS

Mar 9, 2020 — 6:00am

Carlyle, frontrunner to buy Dr Martens for £300 million

The British shoe company, currently, owned by Permira is in talks with the American fund.

h By MDS

Mar 6, 2020 — 5:14pm

Woolrich triggers its expansion plan: for the United States and South Korea

The American outdoor company fortifies its presence with openings in key markets.

h By MDS

Mar 6, 2020 — 4:46pm

Natura increases it sales by 7.8% but profit drops 65.2% over Avon acquisition

The cosmetic giant ended the fiscal year 2019 with a revenue of 3 billion dollars

h By MDS

Mar 6, 2020 — 4:03pm

EssilorLuxottica grows by 6.8% and profits increase by 6.2% boosted by North America

The eyewear giant has ended the last fiscal year with a revenue of 17.4 billion dollars.

h By F. Tatiana. Ngo Bii

Mar 6, 2020 — 9:00am

Brunello Cucinelli to open new store in London

The Italian luxury company is set to fortify its presence in the busy city of London, making this its third directly-operated-store of the brand in the British capital.

h By MDS

Mar 6, 2020 — 7:05am

Gap names Old Navy leader as new CEO

Sonia Syngal will relieve CEO Robert J. Fisher, who occupied the position on an interim basis since the exit of Art Peck.

h By MDS

Mar 5, 2020 — 6:42pm

Lacoste parent company switches name to MF Brands Group after reaching 3.6 billion dollars in 2019

Maus Frères, the parent company of Lacoste, The Kooples, Gant and Aigle, has increased its sales and announces new name for the group.

h By MDS

Mar 5, 2020 — 6:31pm

H&M leaps to B2B: supply chain consultancy in collab with Treadler

The company enable its clients to benefit from the Swedish group’s expertise and long-term supplier partnerships, from from product development to production and logistics

h By MDS

Mar 5, 2020 — 5:41pm

Mango lands in Maldives and opens first store

The new store is located in Malé, the capital of the country. The fashion retailer is present in 27 countries in the Asian continent.

h By MDS

Mar 5, 2020 — 5:09pm

American Eagle, in the green: sees sales up 6% and profit grows 2%

The US company has ended its last financial year with a revenue of 4.3 billion dollars.

h By MDS

Mar 5, 2020 — 4:36pm

Coats shrinks its sales by 1.8% but doubles its profit in 2019

The British thread maker giant ended the year with a net profit of 115.8 million dollars.

h By MDS

Mar 5, 2020 — 4:03pm

Hugo Boss’s profit plummets by 10% in 2019 and appoints new COO

The German fashion company has concluded the last year with a net result of 212 million euros and a revenue of 2.9 million euros (3.2 billion dollars).

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All economic news of the key fashion companies worldwide.