The company promoted its Business Managing Director to the head after the departure of José María Folache, who joined the Portuguese group of accessories Parfois.
The company attributed the result to the unusual warm weather that has affected the whole sector. The wholesale was the only profitable sales channel for the company between October 28 and January 27.
The Spanish giants keeps relying on marketplaces for its online offensive. Last October it already introduced Oysho, its intimate chain, in Lamoda.
The jewellery company had a revenue of 22.8 billion Danish crowns (3.05 billion euros) in 2018. After these results, the company launched a restructuring process.
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