The Italian group has concluded an agreement to sell the sunglasses chain to an American investment fund with experience in optical sector.

The new Zara’s parent company CEO has a large path within the company, key to convince the “old guard”, as well as transversal knowledge of the Spanish multinational company.

The executive was appointed one year ago as operations superdirector, heading sistems, logistics, and transport areas, as well as purchase, sustainability, hiring and works departments.

Cosmetics’ giant, also owner by The Body Shop and Aesop, has started to control the 76% of American company’s shares.

British group Arcadia, also owning Topman, Miss Selfridge and Dorothy Perkins, among others, has explained that could close the eleven stores currently operating in the US.

Inditex chain has concluded an agreement with Estée Lauder’s chain to launch a cosmetic bag filled with cosmetic products, which will be distributed in the points of sale of both firms within Spain.

The group, owner of brands like Vans or Timberland, registered sales worth 13,800 million dollars (12,366 million euros) thanks to the progress in China and the outdoor.

British department store group, under restructuration, registered sales worth 10,377.3 million pounds (11,825.2 million euros), a 3% less than in the same exercise of 2017.

The former CEO of Ralph Lauren will take this brand new position, looking to substitute Emanuel Chirico in mid-term, current CEO of the group.

American fashion group is finalizing the launch of Nuuly, a monthly subscription service of its brands only for women and available from the following summer.

American fashion company has registered a volume of business worth 864.4 million dollars (774.6 million euros) between February and April, only a 1% more.