The brand shows its new store concept in Champs-Élysées. The group is planning to renovate other locations with this new style.
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The number one fashion retailer in the world will make a soft landing in the us, where it already operates with Zara, Zara Home, Massimo Dutti, Bershka and Pull&Bear.
The Italian footwear company’s owner is also planning the opening of a pop-up store next summer of its brand Sebago in New York, as well as opening its second Superga store in Paris.
The group has closed the first half of its fiscal year with a revenue of 280.9 million euros (309.9 million dollars), compared to 278.4 million euros (307.1 million dollars) a year ago.
The company started constructing this factory, located in a ranch outside of Keene, in 2017. Donald Trump, president of the United States, and first daughter Ivanka Trump will be present at the opening.
The investment fund that owns the company, expects a valuation of 1.2 billion pounds (1.5 billion dollars), over 14-times the company’s earnings before interest, taxes, depreciation and amortization.
Julian Dunkerton came back to the group at the beginning of the year, and since then he has been interim CEO. The company has been immersed in a reorganization plan.
Shares of the German company dropped more than 13%, to its lowest level in nine years. The company estimates that its operative profit decreases 5% this fiscal year.
The company currently operates with eleven outlets in Europe and China. It’s planning to arrive to the American market next year. For now, the location of the outlet has not yet transcended.
American companies like Forever21 weaken while others like the European Esprit don’t find their way. Fashion plays on the short term and gives up innovation, and if innovation is lost, engines stop running.
The footwear company has entered in Letonia, Estonia and Dubai in the last year and is planning to continue its extension plan focusing on digitalization and its omnichannel strategy.
The company has appointed Barbara Daliri-Freyduni as new senior vice president of demand, a newly created position and Ralf Herbrich as senior vice president of data science and machine learning.
The luxury group has launched a new ecommerce platform for its American customers. The United States is the world’s second largest ecommerce market after China.
The fashion chain of the Swedish fashion giant has launched a live shopping service that will be available in late autumn.
The Belgian luggage and travel accessories group has launched a rental service for its luggage called Rent your Kipling.
All economic news of the key fashion companies worldwide.