The Dutch fashion company has named Allan Leighton as the new president of its board of directors.

The luxury company has signed an agreement with the perfume giant that has also a five-year extension option.

In the quarter ended July 31, profit rose nearly 10%. Margin was the only blot in Inditex’s second-quarter report.

The company, that appointed José María Folache as new president and CEO last February, celebrates its 25th anniversary this year.

The company has hired former Vente Privee CMO Catherine Spindler as new executive vice president, marketing and branding, and Jean-Louis Delamarre as vice president, markets and distribution.

Gross margin has also grown by 7%, reaching 56.8% of the group’s global sales. Between February and July, Inditex revenue stood at 12.82 billion euros.

The company pointed that sales of the group evolved considerably in its Asian and Latin American markets, where it has planned to expand its presence during its fiscal year.

The retailer, that is operative in twenty countries around the world, is planning the conquest of two more markets and to boots its Spanish presence with a prime location store in the capital.  

The concept of the Spanish group chain specialized in home supplies has diversified its offer once again selling small furniture and electro domestics.

The founder of the Chinese ecommerce giant has left his position as president of the group, just as he announced last year. Daniel Zhang will relieve him to lead the company.

Eric Vallart, who was until now head of fashion of the Swiss group, has left the company for personal reasons. He has not been replaced yet, said Richemont in a press release.