Abercrombie&Fitch closes another year in good shape. The US urban fashion group, which also owns Hollister, ended 2018 with a three-digit increase in its net profit, at the same time that its sales grew at a more moderate rate.

The US company registered a net result of 298 million dollars compared to 108.2 million dollars from the previous year.

The Italian eyewear company registered a revenue of 19.3 million euros in the last fiscal year, while its losses were of 6.08 million euros.

Herrero, former CEO at Guess, will be non-executive director and chairman of the sustainability committee at Global Fashion Group.

The French company added to its team Stéphane Roche, who worked in the Mulliez family group, with the objective of relaunching the La Halle and Carol brands.

The highest positioned brand of Gymboree had been on sale since the children’s fashion giant went into liquidation last January. Gap will pay 35 million dollars for the brand.

The children’s fashion giant purchased two of its rival’s largest brands within the framework of the liquidation process.

After presenting the results of 2018, the board of directors of the group announced the split, which will be effective in 2020.

The US fashion distribution company also announced its split from Old Navy, which will quote separately

The company registered a revenue of 5.38 billion euros in the last fiscal year. In addition, the company reorganized the functions of its three CEOs.

The French group named Eric Pfrunder as artistic director of the brand. The creative is a well-known figure at Chanel, to which he has been linked for many years.