The once biggest fashion retailer in the world has been stuck in boredom for years. The group need an executive that gives it a spin and bets on the product.
Companies
The Spanish group, owner of Cortefiel, Women’secret and Springfield, has taken over the Spanish fashion brand, which last February filed for bankrupcy after failing to find a buyer.
The American giant’s interim president and chief executive officer Robert Fisher, confirmed that key chain of the group will cease operations in China by 2020.
Large consumer goods companies have released their offers for some of the brands of the group valued at 7 billion dollars (6.3 billion euros).
Formerly called Dirk Bikkemberg, the Belgian company seeks to position its new brand with the opening of the first store in China.
The company has partnered with the startup Unspun to install this pilot customization project. The company uses scan technology to replicate the client’s body and make garments adapted to its body type.
The American sportswear company has ended the third quarter with a revenue of 1.9 billion dollars (1.7 billion euros).
Alistair Cameron has run the Japanese brand business in this territory for the past ten years.
The French premium fashion company has opened a pop-up store for its accessories offer at the department store in Paris.
The Spanish fashion retailer is focused on “continuing its improvement towards profitability” by increasing its positioning, developing its ecommerce, reorganizing its store network and cutting costs.
The company expects to end its fiscal year with a single digit drop in sales. In the third quarter, the company’s sales were 3.9 billion dollars.
The American fashion retailer plans to open a new office in the city to manage its operations in the Emea market.
Andrew Coppel, former head of the De Vere hotel and leisure group, will be named today chairman of Arcadia, owned by Sir Phillip Green, replacing Jamie Drummon-Smith.
The company has ended its third quarter with a net loss of 252 million dollars, compared to the net loss of 42.8 million dollars year-on-year.
The company expects to end its current fiscal year with sales of 480 million euros. Montblanc, Lanvin and Rochas are the main drivers of the group.
All economic news of the key fashion companies worldwide.