The French luxury group has unveiled a structure of 25,000 square meters, called 19M, that will gather its artisan houses.
Companies
The owner of Uniqlo has closed its last fiscal year with a revenue of 21.3 billion dollars (at yesterday’s exchange rates), overcoming 21.1 billion dollars registered by H&M.
The departments store group received financing with the goal of investing in marketing facing the holidays period.
The announcement happens days after the company presented its results, with loses for twelve million euros (13 million dollars).
Marco Dipple has been appointed by the company as new CEO of Emea and global travel retail.
Through Co: Lab, the Swedish company has invested 5 million dollars in Sellpy since 2015. In the next couple of years, the group plans to invest another 6 million dollars.
The Japanese fashion giant has closed its fiscal year with a revenue of 21.2 billion dollars, an increase of 7.5% compared to the previous year.
The French luxury holding has closed the operation though its investing arm LVMH Luxury Ventures, that has also invested in Gabriela Hearst and Stadium Goods.
The cosmetics company is promoting six of its executives into newly created roles with the goal of engaging its customers. All the changes will be effective October 14.
The British fashion retailer has opened a new store in the London shopping mall that presented last year its extension plan and includes space for 75 new stores.
The French luxury holding, has registered sales of 38.3 billion euros between January and September. In the third trimester the revenue of the holding rose 17%.
The group’s investment consists in the construction of a new air purification and sulfur recovery plant to reduce emission values and reach ecological objectives.
The company has been impacted by the wholesales channel crisis in the United States, where it reduced its sales by 4% in the third quarter of the year.
Through the collaboration, customers of the platform will be able to obtain store credit to spend on Farfetch products.
The company will distribute the new collection starting February 2020 in Europa, Middle East and Africa.
All economic news of the key fashion companies worldwide.