In addition to the incorporation of Pierre Denis as CEO, Coty also appointed a new chief operating officer and two non-executive directors of the board to accelerate the company’s growth.
The British fashion platform has registered one red in its books worth 373.6 million dollars against the losses of 2018 which stood at 155.5 million dollars.
The German ecommerce platform has increased its sales by 20.3% in 2019, up to €6.5 billion (7.1 billion dollars), and skyrocketed its profit by 94%.
The Italian company Elisabetta Franchi has just tapped a Valentino exec to its board of advisors. Sebastian Suhl, the ‘golden boy’ of luxury, joined the company this February.
The cruelty free cosmetics company launches its international strategy with the opening of 90 corner stores in United States in an alliance with department store giant, Macy’s.
The department store has also reduced its sales by 8.1%, with a revenue of 10.7 million dollars.
The company reached sales of 1.8 billion dollars and a net income profit of 147 million dollars in the last year.
The company has boosted its business in its local market with 3,000 million Mexican pesos of investment.
The Spanish Jewelry company expects to boost its international business in 2020 by strengthening its presence in the United States, United Kingdom, Asia, and on platforms such as Zalando.
The British fashion house, Jimmy Choo, that specializes in luxury shoes is bidding farewell to its eight-year CEO, Pierre Denis, the executive who took the company public.
The American footwear company will expand its footprint in Europe with the opening of a new flagship store in Oxford Street.
The company has set itself the goal of fortifying its presence in Latin America, Spain, Italy and Portugal in 2020, a year in which it expects to grow 20%.
The American giant recorded a full-year net loss of $366.4 million compared to the $643.9 million of last year. Victoria’s secret equally registered a 10% decrease in the fourth quarter for both stores and direct and stores only.
The group of department stores recorded revenue of 8.2 billion dollars in 2018, while its profit was 672 million dollars, up by 5.8% compared to 2018
The French luxury company has registered a revenue of 6.9 million euros (7.5 billion dollars) in the last year. The group’s profit reached 1.5 billion euros (1.6 billion dollars).
All economic news of the key fashion companies worldwide.
