Companies

h By Mds

Dec 18, 2019 — 4:23pm

Estée Lauder finalizes acquisition of Dr. Jart+ owner

The American beauty group, Estée Lauder, continues its Korean cosmetic pursuit with the recent acquisition of Dr. Jart Owner.

h By mds

Dec 18, 2019 — 4:00pm

Kanye west and Adidas to open factory in Wyoming

Yeezy, the Company promoted by the American singer, Kanye West, plans to open a prototype design production facility in the northwestern part of Wyoming, Cody.

h By Daniela García

Dec 18, 2019 — 8:57am

Prada tries new store concept: opens shop-in-shop in SKP Beijing

The Italian luxury company has opened a new store in SKP department store in Beijing, China. The store has 122 square meters and its design was created in partnership with Selfridges.

h By mds

Dec 17, 2019 — 6:03pm

Amorepacific buys a stake in US cosmetic startup Milk Makeup

The American company, Milk Makeup, was founded in 2015 and its revenue is estimated to reach up to 60 million dollars (53.86 million euros) this year.

h By mds

Dec 17, 2019 — 5:01pm

Ted Baker appoints new non-executive director

Jon Kempster, former chief financial officer of Sports Direct, has been appointed as a new non-executive director effective immediately.

h By mds

Dec 17, 2019 — 4:45pm

Desigual gains strength: online sales represent 13.7% of the total until October

The Spanish fashion retailer company has just launched a new ecommerce platform, available in 21 markets, as part of the renewal of its corporate image.

h By mds

Dec 17, 2019 — 4:17pm

Amazon prohibits its sellers from shipping with FedEx

The giant tech did not renew the contract it had with FedEx last June for its express air shipping within the United States.

h By Iria P. Gestal

Dec 17, 2019 — 4:00pm

Inditex appoints new head of sustainability in full ‘eco’ push

The person in charge of the division will be Javier Losada, up until now responsible of management. The executive works closely with executive chairman, Pablo Isla.

h By Daniela García/ Iria P. Gestal

Dec 17, 2019 — 9:00am

H&M appoints new head of global leasing

The Swedish company has appointed Jesper Magnunsson, former head of expansion for Spain and Portugal, as new head of global leasing. The executive will be based in Stockholm.

h By mds

Dec 16, 2019 — 6:37pm

Brussels gives green light for Avon sale to Natura

The European Commission has approved the acquisition of American Avon by Natura after concluding that there will be no competition problems in the European market.

h By mds

Dec 16, 2019 — 6:33pm

Mothercare partners with Boots as UK franchisee

The company has reached a five-year agreement with Boots, UK’s largest pharmacy-led health and beauty retailer, to become the company’s franchisee.

h By mds

Dec 16, 2019 — 6:04pm

Clarks keeps struggling: announces 170 layoffs

The British footwear company announced to its employees the new restructuring plan for next year. The company currently has a labor force of 13,000 employees.

h By mds

Dec 16, 2019 — 5:34pm

Sports Direct revenue grows by 14% in the first half

The British sportwear company has reached a revenue of 2 billion pounds (2.7 billion dollars). About 60% of its sales came from retail stores in the United Kingdom.

h By mds

Dec 16, 2019 — 4:21pm

Diesel names former Balmain exec as CEO

Massimo Piombini will join the Italian group in February and will replace Marco Agnolin, who left the company last March.

h By mds

Dec 16, 2019 — 4:00pm

H&M grows 11% in 2019, its fastest pace since 2015

The Swedish group has reached a revenue of 232,765 million Swedish krona (24.6 billion dollars). In local currencies, group sales rose 6%.

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All economic news of the key fashion companies worldwide.