The German designer, who in recent decades had led the creative direction of Chanel, passed away in Paris, as confirmed this morning by sources close to him. Lagerfeld also had his own brand and was behind Fendi’s design.

The company announced that Virginie Viard will substitute the designer. Viard worked with Karl Lagerfeld for more than thirty years.

The group invested 3.77 million pounds (4.3 million euros) to acquire 8.3% of the British chain. In the medium term, it will reach a participation of up to 29.9%.

The now former president of the US department store group explained that it is not about a disagreement with the company, but the completion of the completion of the group.

Next Monday 18, the Supreme Court of Bangladesh is expected to decide the future of this agreement that last July 119 international companies to give continuity for another three years.

The president of the department store company is looking for a new CEO to lead the new stage of Sears. The group does not dismiss returning to the stock market.

The company is about to open its first store in the capital, located in prime venue Ortega y Gasset, where it will share the street with Chanel and Valentino.

The president of the US department store group acquired the part of the capital than he did not control until now after the bankruptcy judge of New York approved last week his rescue plan.

The group sales reached 13.66 billion euros, 26.3% up versus the previous fiscal year, thanks to the evolution of its business in all the regions.

Last January, the president of the company made a 5.2 billion dollar offer to keep 425 stores open and save 45,000 jobs.

The Spanish executive, with a long career at Tous and El Corte Inglés, will become in March the president and CEO of the Portuguese group of accessories.