Companies

h By mds

Mar 10, 2020 — 5:05pm

Citi cuts forecasts for Inditex and H&M amid coronavirus crisis

The analysts expect the epidemic to have a greater impact in Europe in the second quarter of the year, affecting the two largest European fashion groups.

h By mds

Mar 10, 2020 — 5:00pm

Diesel owner posts profits, sales grow

Italian fashion group OTB, which also owns Maison Margiela and Marni, is keeping its target for 2020 despite the coronavirus epidemic.

h By mds

Mar 10, 2020 — 4:10pm

Parfois quaratines its HQ in Oporto following a coronavirus case

The Portuguese group is the first big fashion company in Portugal and Spain that has announced this measure. On the other hand, Nike and Givaudan has taken similar measures.

h By mds

Mar 10, 2020 — 4:06pm

Tapestry renews CEO’s contract for three years while Coach’s director exits

Joshua Schulman, until now responsible for Coach, will leave his post after the transition period.

h By mds

Mar 10, 2020 — 4:00pm

Revlon tightens its belt and cuts a thousand jobs

The cosmetics company has announced a cost savings plan of 230 million dollars until 2022.

h By Mds

Mar 9, 2020 — 6:00pm

Benetton appoints new CEO three years after Luciano comeback

The company has appointed Massimo Renon as new chief executive officer. Renon has managed Italian eyewear giant Marcolin for the last three years.

h By Mds

Mar 9, 2020 — 5:54pm

Stella McCartney swings to a loss in its last year with Kering

The label said 2018 had been a year of transition and blamed reorganization costs for the 11 million pounds of loss. LVMH replaced Kering as a minimum stakeholder.

h By Mds

Mar 9, 2020 — 5:30pm

Superdry co-founder James Holder launches new brand

James Holder, co-founder of the British company, has created a new project, called JackitCo, under which he will launch ten new brands over the coming year.

h By C. JUÁREZ

Mar 9, 2020 — 9:00am

Ethiopia, the next axis of sourcing amid coronavirus

Inditex, H&M, Decathlon or Primark are some of the major operators in the sector that have already opted to source from the African country. Chinese know how and low labour costs are its main incentives for the sector.

h By MDS

Mar 9, 2020 — 6:00am

Carlyle, frontrunner to buy Dr Martens for £300 million

The British shoe company, currently, owned by Permira is in talks with the American fund.

h By MDS

Mar 6, 2020 — 5:14pm

Woolrich triggers its expansion plan: for the United States and South Korea

The American outdoor company fortifies its presence with openings in key markets.

h By MDS

Mar 6, 2020 — 4:46pm

Natura increases it sales by 7.8% but profit drops 65.2% over Avon acquisition

The cosmetic giant ended the fiscal year 2019 with a revenue of 3 billion dollars

h By MDS

Mar 6, 2020 — 4:03pm

EssilorLuxottica grows by 6.8% and profits increase by 6.2% boosted by North America

The eyewear giant has ended the last fiscal year with a revenue of 17.4 billion dollars.

h By F. Tatiana. Ngo Bii

Mar 6, 2020 — 9:00am

Brunello Cucinelli to open new store in London

The Italian luxury company is set to fortify its presence in the busy city of London, making this its third directly-operated-store of the brand in the British capital.

h By MDS

Mar 6, 2020 — 7:05am

Gap names Old Navy leader as new CEO

Sonia Syngal will relieve CEO Robert J. Fisher, who occupied the position on an interim basis since the exit of Art Peck.

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All economic news of the key fashion companies worldwide.