The French luxury holding has bought a stake in Italian leather good makers Renato Corti and Mabi, as well as in French clothing manufacturer Grandis.
Companies
The outlet chain of the Swedish giant stated that will focus its expansion in the online channel and will not open more stores.
The Italian luxury group has appointed a new CEO for Missoni USA, a newly created role in the company that is looking to lead the American business expansion of the company.
The company was founded in 2006 but it only expanded in China up until 2017, when it opened its first store in Singapore. In 2018 the group landed in Europe and its planning to close its fiscal year 2019 with 400 stores around the world.
The Chinese giant has as a goal to acquire a biggest financial flexibility as it introduces its new three-year plan.
The British luxury group has appointed as new CEO Gabriele Maggio, former general manager at Moschino and with a professional career in Gucci and Bottega Veneta.
The Japanese cosmetic group plans to conclude the operation before the end of the year. The company’s revenue was 75 million dollars in its fiscal year 2018.
The British department stores group registered a revenue of 1.8 billion pounds (2.2 billion dollars) last year after investing in experience and renovation of its Oxford Street flagship store.
The company will distribute the collection of workwear trough the online channel. The collection will be manufactured by third parties in Mexico.
The Spanish company, specialized in jackets, just landed in Japan with the distributor H3O and has opened a pop up in London.
The company has named Eleonore Säll, that joined the American group in 2015 as global marketing director.
Roberto Vedovotto, managing director of Kering Eyewear, has denied the interest of the French group to take the over its optical business.
Founded in 2011, Go Global is a brand investment platform that reinvests together with industrial partners in Asia, specially China. This is its first investment.
Mike Shearwood opened a legal battle against Clarks one year after being fired for misconduct, stating that the company didn’t give him the chance to respond to the claims.
The British fashion company has signed a collaboration with the secondhand group to reward consigners and buyers with shopping opportunities.
All economic news of the key fashion companies worldwide.