Companies

h By MDS

Jan 31, 2020 — 7:03pm

The Spanish company The Extreme Collection lands in Los Angeles

The women’s fashion company, specialized in womenswear, expands with distributors in the United States and Europe and will showcase its collections at international fairs.

h By MDS

Jan 31, 2020 — 6:24pm

Smcp increases its sales by 11.3% boosted by Asia Pacific

The company, owned by the Chinese giant Shandong Ruyi, has ended the year with sales of 1.4 billion dollars compared to the 1.1 billion dollars of the previous year.

h By MDS

Jan 31, 2020 — 5:43pm

Tod’s backtracks in 2019: sales decrease by 2.6%

The Italian company, owner of Roger Vivier, Hogan and Fay, has ended the year with sales reaching 916 million euros (1 billion dollars).

h By MDS

Jan 31, 2020 — 5:13pm

French Connection cancels its sale

The women’s UK-based fashion retailer fashion company abandons the idea of a sale and will focus on restructuring the online channel, and a new business strategy.

h By MDS

Jan 31, 2020 — 4:03pm

Altuzarra names former Mansur Gavriel as CEO

Karis Durmer exited the company to join with Scotch & Soda. Shira Sue Carmi will take over starting early March.

h By IRIA P. GESTAL

Jan 31, 2020 — 8:55am

H&M pardons fast fashion following 2015 results

Its 2017 results prompted the crash of the fashion distribution giant in the stock market, causing an avalanche of analyst alerts. H&M has now recovered.

h By MDS

Jan 31, 2020 — 8:50am

Who is Helena Helmersson, the new CEO of H&M?

For the first time, a woman runs one of the four largest fashion groups in the world. Helmersson, who developed her entire career at H&M, has replaced Karl-Johan Persson as chief executive officer.

h By MDS

Jan 30, 2020 — 7:38pm

Gap closes forty stores worldwide abiding by restructuring plan

The decision is part of the company’s plan to close up to 230 stores in the coming years in the frame of its transformation plan announced last February.

h By MDS

Jan 30, 2020 — 6:13pm

Asics invests in another startup to scuffle in the smart footwear business

The Japanese distributor has bought a stake in the company No New Folk Studio, which has developed a model that measures and analyzes foot movement.

h By MDS

Jan 30, 2020 — 5:48pm

Estée Lauder: new leadership appoitments for its beauty brands

New global presidents for beauty brands owned the French group,. The group has also named a new president in North Asia for the Dr. Jart + and Do the Right Thing brands.

h By MDS

Jan 30, 2020 — 5:17pm

Levi Strauss reinforces its board with Apple tech exec

Yael Garten, data and engineering director of the Silicon Valley technology giant Siri, joins the board of directors of the denim giant.

h By MDS

Jan 30, 2020 — 4:02pm

Tendam expands its footprint in Africa with new stores in Kenya

Women’s Secret and Springfield has opened its first outlets in Nairobi. The Tendam group expands its footprint in Africa with new stores in Tunisia, Mauritius, and Libya.

h By Mds

Jan 30, 2020 — 10:29am

H&M: Persson named chairman, Helena Helmersson new CEO

Stefan Persson will step down as chairman of the board and proposes his son Karl-Johan Persson to succeed him.

h By MDS

Jan 30, 2020 — 9:16am

H&M raises its profit for the first time in four years and sees a 6% increase in 2019

The Swedish retail giant ended the last fiscal year (concluded on November 30) with a profit of 13.4 billion Swedish kronor (1.4 billion dollars).

h By F. T. Ngo Bii

Jan 30, 2020 — 9:00am

Africa, the everlasting promise of fashion sourcing: the light footprint of the giants

Analyst had predicted that the developing continent would be the next sourcing hub, considering companies from across the world who shifted their business to Africa.

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All economic news of the key fashion companies worldwide.