After the deal, ABG’s brand portfolio accounts for revenues of 8.3 billion dollars (7.2 billion euros). In the last few months, the US-based retail group has bought brands such as Hervé Leger, Nautica and Nine West.
The luxury group, owner of brands such as Louis Vuitton, Marc Jacobs, Céline and Christian Dior, posted a turnover of 33.13 billion euros between January and September. Fashion was the division that grew most strongly, with an increase of 20%, to 13.05 billion.
The Japanese group, owner of the Uniqlo brand, only had a fully-automatized center within the company headquarters in Tokio, but now it aims to expand this technology to all locations on a global scale.
The Spanish company has appointed Antonio Pascual Barroso as the new global director of its supply chain. He will also join the company’s executive committee.
The designation is one of the first senior management changes made within the Italian fashion retailers since Luciano Benetton assumed once again the chairman role last January.
The Swedish retailer will introduce in 2019 a renovated version of the company’s app in fourteen markets worldwide. The agreement with Klarna, through which the group has become a minority stakeholder, included introducing a try before you buy service.
The French company, which registered sales of two billion euros in 2017, has appointed Louise Trotter as new creative director. The designer has previously worked at Joseph, Jigsaw and Tommy Hilfiger.
The department store group, which has been going through a restructuring process for the last four years, lost its former CEO, Marvin Ellis, in May.
The negotiations between both companies will enable Kidiliz to consolidate its retail presence in Europe and enter the Chinese market. Semir, on the other hand, will now be active in the premium segment.
The French fashion retailer has promoted Beatrice Lafon, previously responsible for Claire’s store network in the US market. She replaces Christine Jutard after one year in office.
The new group will hold its fits board meeting on November 29, while company shares could start trading at Euronext Paris as soon as of tomorrow. Essilorluxottica will operate in 150 countries worldwide.
The exit of Jeffrey Davis takes place only a few months after Marvin Ellison, former chief executive officer, abandoned the group. The department store chain has appointed Jerry Murray as a temporary replacement.
The label went for sale in August 2017 for an estimated price of 50 million pounds (54 million euros). The French luxury company acquired the business for an undisclosed sum.
The Danish fashion group, investor of the British ecommerce group through its business unit Aktieselskabet, intends to divest about two million shares through a placement brokered by Numis Securities.
The Swedish fashion company, immersed on a transformation of its business model, posted sales of 153.98 billion Swedish crowns (14.86 billion euros) between December 2017 and last August. During the period, the group opened 173 stores and 28 franchises.
All economic news of the key fashion companies worldwide.
