Companies

h By Mds

Oct 11, 2019 — 4:00pm

Chanel reveals new headquarters for its artisans

The French luxury group has unveiled a structure of 25,000 square meters, called 19M, that will gather its artisan houses.

h By Iria P. Gestal/Daniela García

Oct 11, 2019 — 9:00am

Fast Retailing becomes world’s second largest fashion retailer

The owner of Uniqlo has closed its last fiscal year with a revenue of 21.3 billion dollars (at yesterday’s exchange rates), overcoming 21.1 billion dollars registered by H&M.

h By Mds

Oct 10, 2019 — 5:31pm

Debenhams breathes again: receives new cash injection

The departments store group received financing with the goal of investing in marketing facing the holidays period.

h By Mds

Oct 10, 2019 — 5:02pm

Italia Independent CEO leaves only six months later

The announcement happens days after the company presented its results, with loses for twelve million euros (13 million dollars).

h By Mds

Oct 10, 2019 — 5:01pm

Lacoste names new CEO for Emea and global travel retail

Marco Dipple has been appointed by the company as new CEO of Emea and global travel retail.

h By Mds

Oct 10, 2019 — 4:37pm

H&M raises its secondhand bet: takes majority stake in Sellpy

Through Co: Lab, the Swedish company has invested 5 million dollars in Sellpy since 2015. In the next couple of years, the group plans to invest another 6 million dollars.

h By Mds

Oct 10, 2019 — 4:23pm

Fast Retailing grows 7.5% in 2019 boosted by Uniqlo

The Japanese fashion giant has closed its fiscal year with a revenue of 21.2 billion dollars, an increase of 7.5% compared to the previous year.

h By Mds

Oct 10, 2019 — 4:02pm

LVMH buys stake in Californian startup MadHappy

The French luxury holding has closed the operation though its investing arm LVMH Luxury Ventures, that has also invested in Gabriela Hearst and Stadium Goods.

h By Mds

Oct 10, 2019 — 4:00pm

Sephora US boost its omni-retail strategy

The cosmetics company is promoting six of its executives into newly created roles with the goal of engaging its customers. All the changes will be effective October 14.

h By Daniela García

Oct 10, 2019 — 8:54am

Ted Baker conquest more London land: opens new store in Westfield Stratford City

The British fashion retailer has opened a new store in the London shopping mall that presented last year its extension plan and includes space for 75 new stores.

h By Mds

Oct 9, 2019 — 8:11pm

LVMH grows 16% in the first nine months

The French luxury holding, has registered sales of 38.3 billion euros between January and September. In the third trimester the revenue of the holding rose 17%.

h By Mds

Oct 9, 2019 — 8:00pm

Lenzing invests 40 million to reduce the environmental impact

The group’s investment consists in the construction of a new air purification and sulfur recovery plant to reduce emission values and reach ecological objectives.

h By Mds

Oct 9, 2019 — 6:42pm

Levi Strauss profit down 4% in third quarter hit by Americas wholesales drop

The company has been impacted by the wholesales channel crisis in the United States, where it reduced its sales by 4% in the third quarter of the year.

h By Mds

Oct 9, 2019 — 5:07pm

Farfetch makes another move in secondhand and allies with Thrift+

Through the collaboration, customers of the platform will be able to obtain store credit to spend on Farfetch products.

h By Mds

Oct 9, 2019 — 4:41pm

Puma diversifies and relaunches swimwear line five years later

The company will distribute the new collection starting February 2020 in Europa, Middle East and Africa.

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All economic news of the key fashion companies worldwide.