The company first implemented this new boutique concept at a new opening in Berlin’s Mitte. In Stockholm, it will include for the first time a rental service, as well as repair.

The American company reached a profit of 12.4 million dollars, up 192.4% compared to the loss of 13.4 million dollars for the same period last year.

The Swedish company will launch the first part of the collection inspired in Colombia on December 3 at selected points of sale.

The American fashion retailer, owner of Tommy Hilfiger and Calvin Klein, has concluded the third quarter of the year with a turnover of 7.5 billion dollars.

The terms of the agreement have not been disclosed. The deal is expected to close in the first quarter of 2020.

The French company attributed the growth in profitability to strong sales across all brands and key geographical areas.

The other off-price platform of the group, The Outnet, exited the Chinese market in 2015. The objective now is to focus on full price websites in a partnership with Alibaba.

The company is also growing in neighbour market Australia, where it launched its ecommerce earlier this year and currently operates 13 stores.

Lefties has opened its first store in the Mall of Sousse in the North-African country on 22th November of this year.  

The British footwear retailer has appointed the management consultancy firm to help with a transformation of the business.