Companies

h By MDS

Feb 20, 2020 — 5:02am

Foot Locker to invest $250 million to speed up its global expansion and stores’ transformation

The US distributor of sports equipment and fashion will allocate 47% more than last year to business development investments.

h By MDS

Feb 19, 2020 — 6:13pm

Decathlon records revenue of $13.4 billion in 2019 backed by France

The French sporting goods retailer increased its global growth by 9% and returned to the path of progress in its main market, where its revenues had fallen 5% the previous year.

h By MDS

Feb 19, 2020 — 6:04pm

Burberry opens center for manufacturing excellence in the UK

The British luxury company is setting up training programs that seek to foster and protect artisanal skills for British fashion manufacturing.

h By MDS

Feb 19, 2020 — 5:44pm

Orchestra-Prémaman ratifies adjustment plan with more than 600 layoffs

The French company specializing in children’s fashion employs 2,290 people and will readjust the workforce worldwide after entering a pre-contest in September.

h By MDS

Feb 19, 2020 — 5:17pm

Puma’s profit skyrockets 40% after reaching record sales in 2019

The German sports brand exceeded for the first time in history the barrier of 5.5 billion euros (5.95 billion dollars) in revenue, while its earnings stood at 262.4 million euros (283.8 million dollars).

h By MDS

Feb 19, 2020 — 4:02pm

Adidas unveils sales have dropped by 85% in China

The Asia-Pacific regions are the ones that contribute the most to the global business of Adidas, with a revenue of 2.1 billion euros (2.3 billion dollars) until September 2019, although China’s specific share remains unknown.

h By F. Tatiana. Ngo Bii

Feb 19, 2020 — 8:53am

Marina Rafael: Swarovski sixth generation forges her own path

Marina Raphael, a business management graduate, and a descendant of the Swarovski family forges her own path follwing the launch of her own handbag brand.

h By MDS

Feb 19, 2020 — 4:43am

Nike announces new leadership appointments

Andy Campion will become the group’s chief operating officer after leaving the financial management, which is assumed by the vice president for investor relations. Heidi O’Neill will oversee the consumer and marketplace division.

h By MDS

Feb 18, 2020 — 10:46pm

Macy’s demoted to Junk Status by Standard & Poor’s

The American group of department stores Macy’s faces another challenge as debt watchdog Standard & Poor’s demotes its credit to a lower ranking of “BB-plus” from “BBB-minus”

h By MDS

Feb 18, 2020 — 7:03pm

Ted Baker drops four executives following accounting error

The board of directors of the British fashion company will go from thirteen members to nine, as part of a strategic plan led by Rachel Osborne, current interim executive director of the brand.

h By MDS

Feb 18, 2020 — 6:03pm

Juicy Couture forges partnership with NYC Alliance for sportswear line

Juicy Couture, a Los Angeles-based brand has forged a licensing agreement with NYC Alliance to produce Juicy Couture’s sportswear for women.

h By MDS

Feb 18, 2020 — 4:46pm

Karl Lagerfeld: 1 billion targets in two years, a year after founder’s passing

In 2019, the company ended the year with sales of seven hundred million euros (756 million dollars), 54% more than the previous year. In 2020, the company expects to close with a 30% increase.

h By MDS

Feb 18, 2020 — 4:03pm

Cole Haan files for IPO seven years after exiting Nike’s range

The footwear and accessories company, which was acquired by Apax in 2013, has officialized its initial public offering.

h By F. Tatiana. Ngo Bii

Feb 18, 2020 — 8:53am

Fashion giants: expansion of distribution centers

With consumers increasing demand for a faster deliveries, and the presence of the omnochannel, companies in the fashion sector, especially the giants that distribute gloabally must position themselves in key locations that allow them to comply with these new demands.