Companies

h By Mds

Jul 25, 2019 — 4:45pm

OTB increases shares in Viktor&Rolf up to 70%

The Italian group, owner of brands like Diesel and Maison Margiela, has increased up to 70% its shares in the Dutch fashion company, with a participation of 51% up until now.

h By Mds

Jul 25, 2019 — 4:15pm

Moncler keeps the rhythm and rises its sales 13% in the first half

The Italian company has closed the first half of the year with a revenue of 570.2 million euros (635.3 million dollars), and a net benefit of 71.3 million euros (79.4 million dollars), 16% more.

h By Mds

Jul 25, 2019 — 4:00pm

El Corte Inglés goes stronger: rises foreign sales 6.8%

International sales of the Spanish giant grew 6.7% in 2018. Foreign sales are already 5.4% of the group’s total revenue.

h By Iria P. Gestal/ Daniela García

Jul 25, 2019 — 9:00am

Is fashion transforming? Giants invest 3 billion

Inditex invested 1.6 billion euros (1.7 billion dollars) last year, from which 227 million where destined to research and development. On the other hand, H&M invested 1.2 billion euros (1.3 billion dollars).

h By Mds

Jul 24, 2019 — 7:00pm

LVMH grows 15.3% and earns 8.7% more in the first half

French luxury conglomerate, owner of companies like Dior, Celine or Louis Vuitton, has registered a revenue of 25 billion euros (27.8 billion dollars) in the first half of its fiscal year.

h By Mds

Jul 24, 2019 — 5:35pm

VF Corporation grows 6% and rises full year outlook

Excluding acquisitions and divestitures, the revenue of the American group grew 9% in the first quarter of its fiscal year. China led the growth of the group with a rise of 1%.

h By Mds

Jul 24, 2019 — 4:50pm

Gap strengths Old Navy and names new president

Nancy Green, former president of Athleta joins Old Navy as its new president and chief creative officer.

h By Mds

Jul 24, 2019 — 4:30pm

Interparfums grows 9% in the first half raised by Karl Lagerfeld parfums

The licensed parfums group for brands like Coach, Lanvin or Montblanc has registered sales for 238.4 million euros (266.6 million dollars) in the first half of the year.

h By Mds

Jul 24, 2019 — 4:15pm

Etam acquires majority stake in intimate company Ysé

The lingerie company, owner of brands Undiz, Madison 123, stated that the founder of Ysé will continue in the company.

h By Mds

Jul 24, 2019 — 4:00pm

Alibaba defies trade war and opens its platform to US sellers

So far, American companies could only buy through the b2b platform of the group, representing one third of the buyers.

h By Mds

Jul 24, 2019 — 10:35am

Mexican department store Liverpool rises its sales 9% in first half

The Mexican department store group scored an ebitda of 452.9 million dollars between January and June.

h By Pilar Riaño

Jul 24, 2019 — 9:00am

Mango: COO and head of Violeta leave the company

Violeta Andic will be relieved by Laura San Martín, up until now responsible for the outlets of the Spanish company. Carlos Costa, on the other hand will not be replaced.

h By Mds

Jul 23, 2019 — 6:00pm

Lyst bets for ‘techies’: Google executive joins the board

The British platform has added to its highest body of administration Bradley Horowitz, vice-president of product management for Google to its board of directors.

h By Mds

Jul 23, 2019 — 4:15pm

Manolo Blahnik acquires Italian shoe company as its new strategic move

The company has acquired Calzaturificio Re Marcello, that counts with a factory in Vigevano, near Milan.

h By Mds

Jul 23, 2019 — 4:00pm

Barneys: countdown to bankruptcy

The New York department store stated last week that was actively seeking for opportunities to “reinforce its balance sheet and ensure its long-term growth”.

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All economic news of the key fashion companies worldwide.