The platform, that confirmed the plans to buy has explained that will release more details of the offer when its appropriate. Both brands are now in the hands of the Icelandic bank Kaupthing.
The British group has acquired the company, that filed for bankruptcy, in an operation of 13.9 million euros (15.5 million dollars).
Miguel Vargas, up until now responsible of the group in Mexico, Panama and Aruba, has been named as vice-president for the southeast region of United States.
The financial situation of the American department store giant has been rough during the last couple of months, in part because of the rise in the rent of its flagship store in Madison Avenue.
Harrods continues its transformation and names Caitlin Innes as its new digital and strategy director with the goal of managing the online business of the group.
The Italian optic giant has registered low results with a drop of 246.7 million euros (273.9 million dollars), affected by the IFRS 16 leases.
The revenue of the Japanese giant backed up to 1.5 billion euros (1.7 billion dollars), and its benefit arrived at 84.1 million euros (93.3 million dollars).
The Spanish giant of department stores sealed an alliance with the Chinese marketplace to distribute Tizas, Brotes and Cotton Juice.
From Levi Strauss to Global Fashion Group, the sector has opened its capital in the stock exchange to find the speed it needs.
Carlos Salcido, relieved last April by the Spanish José Antonio Revilla, has finished its contract with the Mexican giant of department stores.
Jose María Castellano, Marco Agnolin, Ramón Gago, José Manuel Martínez Gutiérrez, Victor Herrero or Costas Antimisaris, are some of the executives of the fashion system that trained in the Spanish giant.
In the last couple of years, the French group has let go of its portfolio: Naf Naf, Besson Chaussires, Chevignon and Merkal and has put in the market Minelli and San Marina.
The fragrances and cosmetics company closed the first half of its fiscal year with a net benefit of 2.2 billion dollars.
The Italian luxury group finished H1 with a net benefit of 155 million euros (172.5 million dollars) compared to the 99 million euros (119 million dollars) of 2017, due to Patent Box tax relief.
The German company has closed H1 with a revenue of 1.3 billion euros (1.5 billion dollars). The drop of the net benefit is due to a new accounting regulation.
All economic news of the key fashion companies worldwide.
