The founders of the company, Carol Lim and Humberto Leon, announced that the company will shutter all of its stores in 2020, the news comes just a day after New Guards acquisition.

Viktor & Rolf’s previous and last men’s collection was presented in the fall-winter season of 2015. Since then, the company has been focused on the licensing business.

Asos pulls out Tech tool, See My Fit, which offers shoppers a virtual view of how a product looks on different body types.

The rating agency reviews the perspective of the British group from stable to negative. The company charges the situation to the continuous fall of the sales of the division.

Roy Bagattini will be replaced by Marc Rosen, who already heads the direct-to-consumer business. He will now supervise commercial operations in the US, Canada, Mexico, Brazil and the rest of Latin America.

The decline of Hong Kong and Japan’s will harm global sales according to a report of Bank of America.

Iain Nairm who took office on January 12, succeeds, Alison Coville, who left the company back in February and will report to the group’s chief executive officer, Helena Foulkes.

After ending 2019 with an income of 94 million euros (104 million dollars), the Italian men’s fashion company hopes to make its public debut on this year’s first quarter.

The British ecommerce company plans to end the year with a sales growth between 40% and 42%, compared to the anticipated increase of 33% to 38%.

The operation has been carried out through the Italian luxury group New Guards Group, which also controls brands such as Off-White, Palm Angels or the newly acquired Ambush.

Dior appoints Hugo Charles as new regional director in Latin America and strengthens its presence in the region.