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The global fashion business journal

Oct 17, 20192:03am


h By MDS
Sep 21, 2018 — 5:00pm

Andrea Pesaresi will join the American company on October 15. He has a longstanding career in the fashion industry, after working for 25 years at Ermenegildo Zegna.

h By MDS
Sep 20, 2018 — 7:19pm

The sportswear company will lay off around 400 employees in the next few months. The reduction of personnel will be completed by March 2019 and it will involve additional restructuring costs of ten million dollars (8.56 million euros).

h By MDS
Sep 20, 2018 — 6:00pm

The American clothing retailer has just introduced Hill City, focused on activewear apparel for men’s. This has been the group’s first portfolio addition since acquiring the Athleta brand. Hill City joins Gap, Banana Republic and Old Navy.

h By MDS
Sep 19, 2018 — 4:24pm

The American department store chain has intensified its efforts to become an omnichannel retailer by leveraging technology in the brick-and-mortar business.

h By MDS
Sep 19, 2018 — 10:00am

The American sportswear group has reorganized its governance structure by creating a single general management for Spain, Portugal, Italy and Greece. The company has appointed Ignacio Serrat to be at the helm of the business in the region.

h By MDS
Sep 18, 2018 — 6:50pm

Artémis, the Pinault family investment vehicle, already owned a 40% stake in the historical French company and now has raised its share to 100%.

h By MDS
Sep 18, 2018 — 5:05pm

The fashion group posted sales of 15.45 billion Hong Kong dollars (1.68 billion euros) during fiscal 2018 (ended 30 June), 3% less than in the previous year.

h By MDS
Sep 17, 2018 — 4:39pm

The French group has become a shareholder of the luxury watches manufacturer, based in Geneva (Switzerland) and founded by François-Paul Journe in the eighties.

h By P. Riaño / L. Molina
Sep 17, 2018 — 10:00am

Until now, the Spanish company has been led by Co-CEO’s Alberto Ojinaga and David Meire. At the same time, the group has reorganized its internal teams by geographic areas instead of distribution channels.

h By MDS
Sep 14, 2018 — 4:30pm

L Brands, which also runs the Bath&Body Works and La Senza retail chain, has announced the closure of all Henri Bendel stores and its ecommerce platform in early 2019. Currently, the brand operates with 23 shops in the United States.

h By L. Molina
Sep 14, 2018 — 10:00am

The Spanish group, owner of Zara, has recruited Patricia Sancho, at the helm of the British womenswear label for the last couple of years, as deputy managing director of Tempe, Inditex’s subsidiary for the shoe business of all retail chains.

h By MDS
Sep 13, 2018 — 6:03pm

The group, owner of Donna Karan, Vilebrequin and G.H. Bass among other brands, ended the period with revenues of 1.24 billion dollars (1.06 billion euros).

h By P. Riaño / L. Molina
Sep 13, 2018 — 10:00am

The Spanish giant, owner of Zara, registered one of the poorest financial performances in recent years during the second quarter of fiscal 2018.

h By MDS
Sep 12, 2018 — 5:15pm

The Spanish group, owner of Zara, registered sales of 12.02 billion euros in the first nine months of fiscal 2018 (period ended on July 31). Net profit reached 1.41 billion euros.

h By MDS
Sep 12, 2018 — 4:28pm

If the company reaches its goal, the skate-inspired footwear brand sales will grow between 10% and 12% during the next five years. Currently, Vans revenues exceed 3 billion dollars (2.59 billion euros).

All economic news of the key fashion companies worldwide.