Joanna Dubin, who substitutes Gaetano Scuito in the position, will be the new person in charge of the luxury company, property of the French conglomerate LVMH, in the American continent.
The loan will enable the department stores company to keep operating with its sales network until the end of the year, which is the most profitable period in the United States.
The Endurance Partners fund took control over the brand in December 2015 after buying a stake in the Noeco society. Shortly after, the company’s founders resigned.
Resumen de la semana: De los resultados de El Corte Inglés al concurso de TCN
Since the celebration of the referendum in 2016 until now, fashion sales in the United Kingdom have maintained an upward trend which this year has started to reduce.
Jan Singer will step down from the company after two difficult years in the lead, in which she has had to face an increase of competence and the first symptoms of weakness in one of the biggest groups of lingerie in the world.
The United States giant of sports announced this opening two years ago and has now been concreted in the heart of Manhattan with its sight set on attracting local and tourist consumers.
In full-on athleisure boom, Topshop partnered with the singer to launch the sports inspired brand, which was released during spring 2016.
The German company has presented a strategic business plan with which it estimates to increase the operating margin an annual 15% thanks to the growth of e-commerce.
Zara’s first store in the country opened its doors in 1998. Today, 108 of the group’s stores are established in the United Kingdom, where it operates with all its chains except Uterqüe and Oysho, and amounts up to 5,359 employees.
The Spanish group of department stores has reduced its debt in 347 million euros during the first half of the year, situating it at 3.65 billion euros at the end of that period (between March and August).
The Spanish giant has signed an agreement up with the Salvadoran company of department stores, partner also of Inditex in Central America, to start operating in Costa Rica, El Salvador and Guatemala.
The perfumes company will expand and modernise the facilities of Expressions Parfumées, the French company it owns since the end of last year.
The company has hired by Carolina de la Calzada, Eva Gallego and Lina Lopera, who will lead three strategic areas of the business.
Before the end of the year, the group will concrete its landing in Costa Rica with the first store opening in the country, located in San José.
The department stores corporation settles fashion development in three keystones: own brand sales, third party sales and its independent chain Sfera.
All economic news of the key fashion companies worldwide.
