The Switzerland-based, Italian-born company is planning to enter the Czech Republic and Poland and is also taking its first steps in China, where it has a plan to open 30 stores.
Companies
The company, that just filed for bankruptcy, plans to continue operating in Latin America, where it operates in Mexico, Brazil, Panama, Perú, Bolivia and Paraguay, with 80 stores.
The newly appointed general manager, Stefano Secchi has a long career in the fashion industry and has worked in brands like Giorgio Armani, Versace or Etro.
The American company will land in Paris with the opening of two stores in the neighborhood of Le Marais and in the center of the city, near Palais Garnier.
The Swedish retailer keeps betting for collaborations with high end fashion brands to raise its positioning. The collection, designed by both brands will be available worldwide October 3.
The Swiss holding has announced today the launch of a new platform of Net-a-Porter inside the Luxury Pavilion, a destined luxury division inside Tmall.
The Italian brand Pinko is considering entering the stock exchange after rearranging 80% of its management team. Its expansion plan is focused in the Chinesse market and its planning to expand its store network with 30 more stores for 2020.
While British operators fear the loss of competitiveness abroad, internationals brands are seeing their investments jeopardized, with the risk that their results cease to add.
Delays in merchandise traffic, tariff raises, currency exchange and possible restrictions in free trade are the risks pointed by the Spanish giant.
The British group has planned to reduce its pricing structure by 10% and relaunches its in-house brands.
The Swiss luxury holding has acquired the historic Italian jewelry brand owned up until now by Gangtai Group.
The Portuguese brand will arrive at Colombia with Crystal Group, owner of brand like Gef, Punto Blanco, Baby Fresh and Galax, that is planning to open the first four stores of the chain before the end of the year.
The owner of the Spanish brand has begun testing possible buyers and, for the moment, has received interest from investors. However, there is still nothing sure.
The lens manufacturer and the optical group sealed their merger in October 2018. The company expects to grow 5% annualy until 2023.
The american company plans to close fourteen stores in the Japanese market, as well as its ecommerce platform, at the end of next month.
All economic news of the key fashion companies worldwide.