The company has registered an increase in revenues through own-operated stores after opening 124 shops in the last few months, which translated into an 18% turnover upsurge.
Edward S. Lampert, the company’s chairman and owner of hedge fund ESL Investments, is holding discussions with one of Sear’s existing creditors, Cyrus Capital Partners, to share the burden of funding portions of the 300 million dollars bankruptcy loan the retailer is seeking.
The US-based group, fourth biggest footwear company by revenues worldwide, has taken over the brand in a deal valued at 360 million dollars (312 million euros).
The German ecommerce group will open up new technical support and customer service facilities within the Luxa building, in Barcelona’s 22@ district. The premises will become the company’s fourth operational center, including its global headquarters in Munich.
All economic news of the key fashion companies worldwide.