Companies

h By MDS

Feb 28, 2020 — 5:51pm

VF corporation closes first green bond issue for €500 million

The American fashion distribution group, owner of Vans and The North Face, will use the capital to advance the Made for Change program

h By MDS

Feb 28, 2020 — 5:04pm

Tiffany adjusts its dome: appoints chief gemologist for traceability

The jewelry company, owned by LVMH, has appointed Victoria Wirth Reynolds as head of the gemology division and will be responsible for promoting traceability in the company.

h By MDS

Feb 28, 2020 — 4:47pm

Coty appoints Jimmy Choo’s boss as CEO

In addition to the incorporation of Pierre Denis as CEO, Coty also appointed a new chief operating officer and two non-executive directors of the board to accelerate the company’s growth.

h By MDS

Feb 28, 2020 — 4:03pm

Farfetch grows 70% but doubles its losses in 2019

The British fashion platform has registered one red in its books worth 373.6 million dollars against the losses of 2018 which stood at 155.5 million dollars.

h By MDS

Feb 28, 2020 — 10:01am

Zalando exceeds €6.5 billion in 2019 and shifts to luxury

The German ecommerce platform has increased its sales by 20.3% in 2019, up to €6.5 billion (7.1 billion dollars), and skyrocketed its profit by 94%.

h By F. Tatiana. Ngo Bii / Carmen Juárez

Feb 28, 2020 — 9:00am

Elisabetta Franchi appoints Valentino managing director to its board of advisors

The Italian company Elisabetta Franchi has just tapped a Valentino exec to its board of advisors. Sebastian Suhl, the ‘golden boy’ of luxury, joined the company this February.

h By ANDREA ROSALES G.

Feb 28, 2020 — 8:43am

Spanish cosmetics brand 3INA flies to the U.S

The cruelty free cosmetics company launches its international strategy with the opening of 90 corner stores in United States in an alliance with department store giant, Macy’s.

h By MDS

Feb 27, 2020 — 7:14pm

JC Penney deepens loses by 5% in 2019

The department store has also reduced its sales by 8.1%, with a revenue of 10.7 million dollars.

h By MDS

Feb 27, 2020 — 6:54pm

Steve Madden earns 6.9% more and grows 3% in 2019

The company reached sales of 1.8 billion dollars and a net income profit of 147 million dollars in the last year.

h By MDS

Feb 27, 2020 — 6:23pm

Mexican chain of department store El Palacio de Hierro grows 5% in 2019

The company has boosted its business in its local market with 3,000 million Mexican pesos of investment.

h By MDS

Feb 27, 2020 — 4:43pm

Unode50 to expand international footprint with 20 openings in 2020

The Spanish Jewelry company expects to boost its international business in 2020 by strengthening its presence in the United States, United Kingdom, Asia, and on platforms such as Zalando.

h By MDS

Feb 27, 2020 — 4:03pm

Jimmy Choo’s long-time CEO, Pierre Denis exits company after 8 years

The British fashion house, Jimmy Choo, that specializes in luxury shoes is bidding farewell to its eight-year CEO, Pierre Denis, the executive who took the company public.

h By F. Tatiana. Ngo Bii

Feb 27, 2020 — 9:00am

Skechers expands footprint in London to boost international sales

The American footwear company will expand its footprint in Europe with the opening of a new flagship store in Oxford Street.

h By P. R. D.

Feb 27, 2020 — 8:08am

Portugues Parfois signs a former Mango and Tous exec

The company has set itself the goal of fortifying its presence in Latin America, Spain, Italy and Portugal in 2020, a year in which it expects to grow 20%.

h By MDS

Feb 27, 2020 — 4:03am

L Brands weighed down by Victoria’s Secret: 10% decrease in Q4

The American giant recorded a full-year net loss of $366.4 million compared to the $643.9 million of last year. Victoria’s secret equally registered a 10% decrease in the fourth quarter for both stores and direct and stores only.

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All economic news of the key fashion companies worldwide.