These businesses generated about 340 million euros of sales last year. Financial terms of the deal were not disclosed and it’s planned to be completed in the first half of 2020.
Companies
The company plans to close about 210 underperfoming locations. In a filing Monday with the US Bankruptcy in Wilmington, the maternity-apparel retailer listed 260 million in assets and 244 million dollars in debts.
The Canadian department stores’ board of directors agreed yesterday to a buyout by a consortium of investors led by its chairman, Richard Baker.
The strategic investment platform has its eyes set in fashion, cosmetics and beauty companies and its planning new acquisitions for the beginning of next year.
Gina Leon joined the VF Corporation in 2016 as director of sales and marketing for the brand in the country. Previously, the executive worked for Pernine and Industrias Vermar.
The eyewear giant has just informed its exit from the National Association of Optical Goods Manufacturers one year after leaving Confindustria.
Mark Howard Thomas, who has worked for brands like Helmut Lang, has joined the French company and will report to Louise Trotter, with whom he has previously worked.
A few weeks ago, Mario Pietribiasi, head of the company since last April, left the group due to differences with the rest of the management team.
The company will sponsor this year the challenge promoted by the Cfda and Vogue magazine, which in previous editions had the support of Nordstrom and Intel.
This business unit includes Wella, Clairol, Opi and GHD. The company plans to focus on its cosmetics, perfume and skin care business and “reduce complexity.”
The company, which last June presented a new corporate image, continues the international implementation of its new concept after having taken it to its Paris stores.
Zara owners’s profit before tax stood at 22.3 million pounds (28.9 million dollars) in the country in the first half of its fiscal year.
The French intimates’ group, owner of Etam, Undiz, Maison 123, Livy and Ysé, is in the process of developing a new brand to sell exclusively in the American ecommerce group.
Jesús Gil, manager of the company in Spain, will now assume the direction of the three markets. The executive took the reins of the Spanish market in 2015.
The American luxury retailer has reached an agreement with Authentic Brands Group as well as B. Riley, one of its financial lenders.
All economic news of the key fashion companies worldwide.