The sporting goods and equipment group obtains more than 50% of revenues through Life’s, its athleisure collection. Lotto operates through multibrand stores across one hundred countries worldwide, most of them in Europe.
The Irish low cost retailer revenues went up 7% at constant change rates, while like-for-like sales registered a better evolution than in first year half due to better trade in the Eurozone, said the group.
Noel Kinder, vice president of sustainable manufacturing and sourcing, will head from now on the group’s sustainability strategy. He replaces Hannah Jones, who has assumed a new role.
The Irish low cost retailer revenues went up 7% at constant change rates, while like-for-like sales registered a better evolution than in first year half due to better trade in the Eurozone, said the group.
The Spanish executive, who started up Privalia in 2006 together with Lucas Carné, will move to Vente Privee’s main offices in the French capital to occupy a position linked to the development of new business units.
Adam Crozier will assume its new role next autumn, succeeding Brian McBride, who has been the group’s chairman since 2012. The appointment will be effective after the upcoming board meeting, scheduled in November.
Matthieu Leclercq, chairman of the supervisory board, has resigned from all positions due to the disagreements with the Mulliez family, also a group shareholder. Decathlon posted sales of 11 billion euros in 2017, up 10%.
After leading the distribution strategy of the German brand in the Iberia region, Ismael González Payà will now manage the same business are for the United Kingdom, Belgium, Holland, Luxemburg, Sweden and Norway.
The company has already detached itself from other portfolio brands, including Naf Naf, Merkal, Pataugas and Kokaï, among others. Vivarte’s sale of strategic assets were carried out to make the business profitable again.
The sporting goods maker ended fiscal 2017 with a turnover of 36.4 billion dollars (31.5 billion euros). Net profit fell to 1.9 billion dollars (1.7 billion euros).
The Swedish company is going through a transformation process to adapt its structure to the new retail scenario created by ecommerce and re-seduce the consumer.
The French luxury group, owner of brands such as Louis Vuitton, Loewe and Kenzo has decided to sell its stake in the business back to the brand founders. The eco fashion label was founded by Ali Hewson.
The group, owned by Li&Fung since 2000, holds the licenses of brands such as Under Armour, Kenneth Cole and Juicy Couture, and owns the Frye and Spyder labels, among others.
The Spanish fashion group, owner of retail chains Cortefiel, Pedro del Hierro, Springfield and Women’secret, ended its last fical year with a turnover of 1.15 billion euros.
The Japanese fashion retailer, owned by Fast Retailing, will open its first shop in Denmark next spring, expanding its presence across nine European markets.
All economic news of the key fashion companies worldwide.
