The women’s fashion company, specialized in womenswear, expands with distributors in the United States and Europe and will showcase its collections at international fairs.
Companies
The company, owned by the Chinese giant Shandong Ruyi, has ended the year with sales of 1.4 billion dollars compared to the 1.1 billion dollars of the previous year.
The Italian company, owner of Roger Vivier, Hogan and Fay, has ended the year with sales reaching 916 million euros (1 billion dollars).
The women’s UK-based fashion retailer fashion company abandons the idea of a sale and will focus on restructuring the online channel, and a new business strategy.
Karis Durmer exited the company to join with Scotch & Soda. Shira Sue Carmi will take over starting early March.
Its 2017 results prompted the crash of the fashion distribution giant in the stock market, causing an avalanche of analyst alerts. H&M has now recovered.
For the first time, a woman runs one of the four largest fashion groups in the world. Helmersson, who developed her entire career at H&M, has replaced Karl-Johan Persson as chief executive officer.
The Japanese distributor has bought a stake in the company No New Folk Studio, which has developed a model that measures and analyzes foot movement.
New global presidents for beauty brands owned the French group,. The group has also named a new president in North Asia for the Dr. Jart + and Do the Right Thing brands.
Yael Garten, data and engineering director of the Silicon Valley technology giant Siri, joins the board of directors of the denim giant.
Women’s Secret and Springfield has opened its first outlets in Nairobi. The Tendam group expands its footprint in Africa with new stores in Tunisia, Mauritius, and Libya.
Stefan Persson will step down as chairman of the board and proposes his son Karl-Johan Persson to succeed him.
The Swedish retail giant ended the last fiscal year (concluded on November 30) with a profit of 13.4 billion Swedish kronor (1.4 billion dollars).
Analyst had predicted that the developing continent would be the next sourcing hub, considering companies from across the world who shifted their business to Africa.
All economic news of the key fashion companies worldwide.