The Italian eyewear company has created the position of digital transformation director in the framework of its strategic plan which predicts to reach a revenue of 1.6 billion euros in 2020.

At the beginning of the week, the company announced drastic changes within its structure, like the reduction of seven positions from its board or the suppression of 40% of jobs in its headquarters, to name a few.

The presidents from the three countries have signed today in the Argentinean city of Buenos Aires a new trade agreement that substitutes NAFTA. The treaty still needs to be ratified by all three countries.

The Spanish group of department stores and the Chinese e-commerce giant Alibaba have signed a partnership that addresses from trade agreements to technologic ones in order to speed up digitalisation.

The women’s fashion company has filed for Spanish chapter 11 (concurso de acreedores). Several investors are interested in the group, including former Pronovias CEO  Andrés Tejero. 

The fashion company has traced a restructuration plan after several low fiscal years on a row. In 2018, the company boosted its sales up to 2.55 billion dollars (11.1 million euros).

The company, immersed in a deep process of restructuration, wants to “focus on the core business”, according to a statement they have released. Eighty employees will be affected by the closure.

The designation is produced just two months after Font’s step down, who was the creative director of the firm after the passing of the designer who gave it its name.

The company ended fiscal 2017 (concluded the 31^st of August 2017, before enterin Spain), with a revenue of 410 million euros and a net profit of 12.6 million in the European market.

Until now, the London e-commerce group owned by Richemont has managed online sales platforms of brands such as Gucci, Saint Laurent or Bottega Veneta.