Companies

h By MDS

May 14, 2019 — 5:00pm

Abercrombie removes operations management while restructuring

Fashion American company Abercrombie has announced the departure of Joanne C. Crevoiserat, up to now chief operating officer of the group, after a transition period.

h By J. Cumellas / I. P. Gestal

May 14, 2019 — 1:00pm

Smcp CEO Daniel Lalonde joins Puig’s board

Daniel Lalonde, in charge of the French business group from 2014, is joining the Spanish Perfume Company.

h By Pilar Riaño

May 13, 2019 — 5:00pm

Pepe Jeans listens bids to find partner in India

Up to eleven companies, among local operators and investment groups, are interested in taking a majority shareholding in the subsidiary, one of the group’s most important.

h By Modaes

May 13, 2019 — 3:00pm

Burberry: China's stop threatens its profit in 2018

The British company, about to present its annual accounts on Thursday, could reduce their operating profit by a 5%, to 442 million pounds (511,4 million euros), as a result of the trade war between China and the United States.

h By MDS

May 3, 2019 — 5:00pm

Adidas sales up 6% and grows 17% profit in the first quarter

The German sports fashion and equipment company has closed the three first months of the fiscal year with 5.88 billion euros in revenue.

h By MDS

Apr 26, 2019 — 4:00pm

Forever 21 says goodbye to China: shuts e-commerce and breaks with JD.com and Tmall

The US company of low cost fashion will also close its flagship store in Nanjing East Road, located in Shanghai, on April 30.

h By MDS

Apr 26, 2019 — 4:00pm

Puma, profit up 40% and revenue grows 16% in first quarter

The German sports fashion and equipment company registered a revenue of 1.31 billion euros in the first three months of the fiscal year.

h By mds

Apr 26, 2019 — 3:15pm

Columbia, profit climbs 52% and sales up 8% until March

The company of outdoor sports equipment obtained 652.6 million dollars in that period.

h By Mds

Apr 25, 2019 — 4:00pm

Kering moves towards digitalization and AI

François-Henri Pinault, CEO of the French luxury conglomerate, explained to the shareholders that the introduction of new technologies will make resources available to focus on business planning.

h By Mds

Apr 25, 2019 — 3:09pm

Debenhams makes further step in restructuring: 50 new closures

The British department stores group has planned to sign a company voluntary agreement (CVA) with its lenders to reduce costs and continues its restructuring process.

h By mds

Apr 9, 2019 — 12:00pm

Roberto Cavalli, 120 days to present a new restructuring plan

The Italian fashion company is in full process to find a buyer. Among the interested parties are Bluestar, Alliance, OTB by Renzo Rosso and Philipp Plein.

h By P. Riaño / I. P. Gestal

Apr 3, 2019 — 10:00am

Former Guess CEO Víctor Herrero to join Clarks board

The Spanish executive left the US group in February. He is currently a member in the Global Fashion Group’s board, the subsidiary for Rocket Internet’s emerging platforms.

h By MDS

Apr 1, 2019 — 10:00am

Roberto Cavalli’s US subsidiary files for liquidation

The company, which is in full search for a new owner, has closed all its stores in the North American country, as well as its e-commerce platform.

h By MDS

Mar 29, 2019 — 11:00am

H&M keeps transforming: profit down 41% but sales up 10%

The company has managed to cushion the fall of its operating result, improving margins and reducing sales with discount.

h By Modaes

Mar 27, 2019 — 5:00pm

JC Penney names its fourth CFO in two years

Bill Wallford will be the new chief financial officer and will replace Michael Fung, who held the charge on an interim basis since October.

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All economic news of the key fashion companies worldwide.