Companies

h By PILAR RIAÑO

Mar 13, 2020 — 8:57am

Desigual doubles profits while continuing to shrink: loses the €600 million threshold

The company controlled by Thomas Meyer continues with its transformation plan, betting on the ecommerce and markets outside Western Europe.

h By MDS

Mar 12, 2020 — 6:03pm

Gucci shuts down six factories in Italy

The company owned by the French holding Kering has closed its productions sites until March 20 because of the coronavirus.

h By MDS

Mar 12, 2020 — 5:42pm

Lenzing plummets in 2019: cuts its sales by 3.2% and shrinks its result by 22.4%

The Austrian viscose group ended the last year with sales of 2.1 billion euros (2.4 billion dollars) and a net profit of 114.9 million euros (130 million dollars).

h By MDS

Mar 12, 2020 — 5:33pm

Delvaux lands in the U.S.: opens first flagship store on Fifth Avenue

The Belgian manufacturer of leather goods, Delvaux, is set to expand its footprint in the

American market with the opening of its first flagship store on Fifth Avenue.

h By MDS

Mar 12, 2020 — 5:12pm

Puma cuts 2020 forecast over coronavirus

The German fashion retailer chain assures that it does not expect a short-term normalization of the situation in other territories.

h By MDS

Mar 12, 2020 — 5:03pm

Hanesbrands: the group seeks new CEO

Gerald W. Ewans will retire on January 2, 2021 after 37 years with the company, the group has announced today. A substitute has not yet been named.

h By MDS

Mar 12, 2020 — 4:36pm

Safilo cuts its losses by 71.4% and announces cloudy forecast

The Italian eyewear retailer has warned of a decline in the group’s sales in March, coinciding with the closure of stores and quarantine in Italy due to the coronavirus crisis.

h By MDS

Mar 12, 2020 — 4:02pm

Brunello Cucinelli grows 8.6% and earns 4% more in 2019

The Italian fashion company focuses its growth on the European market and ensures that the coronavirus crisis will be temporary. The company grew by 8.6% and increased its profit by 4% in 2019.

h By PILAR RIAÑO

Mar 12, 2020 — 9:00am

Mango: back in the black with sales record

The Spanish fashion retailer leaves behind three years in losses and earns 21 million euros ($24 million). The group has recorded sales of 2.4 billion euros ($2.7 billion).

h By MDS

Mar 11, 2020 — 6:23pm

Adidas loses 1 billion in sales in China over coronavirus

Adidas has announced that its business in China has fallen between $908 million and $1.1 billion in the first three months of 2020.

h By MDS

Mar 11, 2020 — 6:04pm

Salvatore Ferragamo ends 2019 on the rise

The Italian group increased its net profit by 1.7%, to 92 million euros and invoiced 1.4 billion euros in 2019.

h By MDS

Mar 11, 2020 — 5:03pm

Henkel and KKR, finalists in the bid for Coty’s professional division

The professional beauty division, which includes Wella, Ghd or Clairol, could be sold for $8 billion.

h By MDS

Mar 11, 2020 — 4:01pm

Adidas grows 7.9% in 2019 boosted by the Asian market

The sports fashion company ended its last year with 23.6 billion euros (26.8 billion dollars) in revenue and with a profit of 1.98 billion euros (2.2 billion dollars).

h By Iria P. Gestal

Mar 11, 2020 — 9:00am

Puig: two fashion veterans leave the board

Manel Adell, former leader of Spanish group Desigual, has left the board, following the exit of José María Castellano, former Inditex CEO, last year.

h By mds

Mar 10, 2020 — 8:00pm

Kering strengthens sourcing with new hand-embroidery workshop in India

French luxury group is planning to open a new center in the country as part of its effots to improve traceability in its supply chain.

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All economic news of the key fashion companies worldwide.