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).

The company plans to expand its network of physical stores with the opening of two new stores in Chicago and San Francisco for the spring and summer season, respectively.

The American fashion company has signed Daniel Culle, former director of H&M in North America, after sealing its sale last week for eighty million dollars.

The Saudi group, which started off with losses in the second quarter of the year (closed last September), is restructuring its network of stores and severing ties with brands. 

The Chilean department store company has ended the year with a revenue of 11.4 billion dollars. A bittersweet year for the compnay due to the both gains and losses. 

Grupo Kattan, a manufacturing giant is looking for a venture partner with the aim of building a $70m woven fabric plant in Honduras.