Companies

h By MDS

Mar 5, 2020 — 6:42pm

Lacoste parent company switches name to MF Brands Group after reaching 3.6 billion dollars in 2019

Maus Frères, the parent company of Lacoste, The Kooples, Gant and Aigle, has increased its sales and announces new name for the group.

h By MDS

Mar 5, 2020 — 6:31pm

H&M leaps to B2B: supply chain consultancy in collab with Treadler

The company enable its clients to benefit from the Swedish group’s expertise and long-term supplier partnerships, from from product development to production and logistics

h By MDS

Mar 5, 2020 — 5:41pm

Mango lands in Maldives and opens first store

The new store is located in Malé, the capital of the country. The fashion retailer is present in 27 countries in the Asian continent.

h By MDS

Mar 5, 2020 — 5:09pm

American Eagle, in the green: sees sales up 6% and profit grows 2%

The US company has ended its last financial year with a revenue of 4.3 billion dollars.

h By MDS

Mar 5, 2020 — 4:36pm

Coats shrinks its sales by 1.8% but doubles its profit in 2019

The British thread maker giant ended the year with a net profit of 115.8 million dollars.

h By MDS

Mar 5, 2020 — 4:03pm

Hugo Boss’s profit plummets by 10% in 2019 and appoints new COO

The German fashion company has concluded the last year with a net result of 212 million euros and a revenue of 2.9 million euros (3.2 billion dollars).

h By MDS

Mar 4, 2020 — 8:13pm

Yoox Net-a-Porter puts in place a succession plan for Federico Marchetti

After two decades, Federico Marchetti, who founded Yoox, will hand over the CEO role when a successor is found. He will stay on as Chairman.

h By MDS

Mar 4, 2020 — 7:51pm

Veja enter U.S. market: opens first store in New York

The French sneakers company has picked Manhattan to open its first store in the United States.

h By MDS

Mar 4, 2020 — 7:42pm

H&M relocates its distribution center from Liverpool to London

The Swedish giant closes its warehouse in Stoke-on-Trent, and moves to Milton Keynes, just outside London.

h By MDS

Mar 4, 2020 — 7:28pm

Longtime CEO of Petit Bateau Patrick Pergament exits the company

Patrick Pergament, who took office in 2010, will leave the children’s fashion company, which is already looking for a new successor. Pergament relieved Christian Blanckaert in office.

h By MDS

Mar 4, 2020 — 5:04pm

Urban Outfitters only grows by 0.8% and drowns benefits to 43.6% in 2019

The American fashion retailer ended the fiscal year 2019 with sales of 4.1 billion dollars.

h By MDS

Mar 4, 2020 — 4:21pm

Nordstrom has a new CEO following a 2.2% sales drop 2019

The department store chain will go from having two presidents to a single CEO, Erik Nordstrom.

h By MDS

Mar 4, 2020 — 4:03pm

Hudson’s Bay reshuffles its helm hours before going private

Richard Baker will relieve Helena Foulkes as CEO while the Canadian chain prepares to go private at the end of the day.

h By F. Tatiana. Ngo Bii

Mar 4, 2020 — 8:54am

German Snipes to open new flagship store in Brooklynn

German-based streetwear retailer Snipes will expand its footprint in the American market with a new opening in Brooklyn.

h By MDS

Mar 3, 2020 — 6:43pm

Alhokair gets a breather: receives $800 million loan

The partner of Mango and Inditex in the Middle East has obtained a Murabaha, a type of Islamic financing used to finance consumer goods, raw materials, vehicles or homes.

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All economic news of the key fashion companies worldwide.