Whilst Bestseller continues to grow in Spain through its two biggest chains, the Danish fashion company will also promote other of its brands like Noisy May and Name It with El Corte Inglés.
The Dutch fund Sapinda will retake negotiations with the intimate fashion company once financial markets stabilise
Despite being one of the most globalised sectors, its companies, even the big ones, continue focusing the majority of their exports in near-by markets.
The American company has concluded the first quarter of the fiscal year (period ended the 30th of September) with a revenue of 3.52 billion dollars (3.1 billion euros).
Márcio Luiz Simões Utsch will be replaced in the position by Roberto Funari, who was in charge of Reckitt Benckiser and Imperial Brands.
The American giant, which has been led by a new CEO since October, has now hired by Michael Fung to lead the financial area temporarily.
The Spanish luxury brand, which is currently seeking a substitute for Josep Font, produced until now its prêt-à-porter line in Spain.
Lorena Mosquera, a Zara veteran, will replace Eva Cárdenas, who has lead the chain since its foundation and now is leaving the company for personal issues.
The broker points out three different threats: high structural expenses, devaluation of currencies in developing countries and the transparency of prices implied by the new web strategy.
The fashion distribution group, the third largest in the sector in Spain, registered a pre-tax profit of 38.9 million euros between March and August, contrasting with the loss of 272,200 euros during the same period of the former year.
The company recovers the position of a general manager and puts a financer in charge of the role again, underpinning once more the dichotomy finances-operations formula used during its golden years , when Enric Casi occupied the mentioned position in the firm from 1996 to 2015.
Isak Andic reintroduces the position which previously occupied Enric Casi. Daniel López and Jonathan Andic are maintained as executive vice-presidents, reporting to Toni Ruiz.
The jean fever in the second half of the last century led to the birth of companies such as Levi’s, Wrangler, Lee, Guess or Diesel. Now, after a few years of difficult business, all of them are benefiting that denim is back on trend.
The Swiss luxury group has signed an agreement with the Chinese company founded by Jack Ma to introduce Yoox Net-a-Porter in the Asian country through the launch of two mobile apps and the opening of an online store in Tmall.
The footwear company, owned by VF Corporation, has added Raeburn to the team. He will supervise and lead all the brand design departments.
All economic news of the key fashion companies worldwide.
