Geronimo Chala will be based in New York and is reporting to Textil Lonia’s commercial director, Jaime Garmendia. Previously, the executive worked at Tesla, SMCP, Lacoste and Quiksilver.
The American fashion retailer has hired Neil Frisk, the person behind the relaunch of Australian surf brand Billabong, to lead the company’s on-going transformation process.
The company, owner of Carolina Herrera, Jean Paul Gaultier and Nina Ricci, has taken a majority stake in the Belgian group, founded by the eponymous designers. Van Noten will remain as a minority stakeholder.
The largest fashion retailer worldwide ended the first quarter with a gross margin of 58.9%, the highest since the third quarter of 2017, although sales increase hasn’t been as strong as in the past.
The Spanish group, owner of Zara and Bershka among other retail chains, posted 5.65 billion euros in revenues from February to April 2018. Profits reached 668 million euros during the same period.
Pilar López Álvarez will join the organ as an independent director and she will take the seat of Carlos Espinosa de los Monteros, whose term ends on July 15.
Nine West Holdings, who filed for Chapter 11 bankruptcy court protection last April, is focusing on its profitable businesses as it restructures its balance sheet.
The Chinese ecommerce group has introduced a new online store that features a selection of designers and brands from JD’s own ecommerce platform.
The executive, son of Miuccia Prada and Patrizio Bertelli, has assumed the management of Prada’s digital communication department. The company also denied rumours of a potential sale.
All eyes in the industry are on the biggest fashion retailer worldwide, who will present this week its financial results for the first quarter of fiscal 2018.
Spain’s third biggest fashion group, Tendam, has hired Credit Suisse and Morgan Stanley to list on the stock exchange and Nomura as an advisor. Tendam owns the Cortefiel, Springfield, Women’secret and Pedro del Hierro retail chains.
The Swedish retailer, which is going through a business model transformation, has developed an app for H&M home with the tech giant. It has also started testing augmented reality with Monki.
The ecommerce group will start operations in both countries next summer, reaching seventeen European markets. Ireland and Czech Republic are the first addition to Zalando’s foreign activity since 2013.
The luxury group closed the deal with the Italian manufacturer of leather bags and accessories, which comes only a few days after the acquisition of second hand online retailer Watchfinder and taking over Yoox Net-a-Porter.
The American fashion retailer is slowly shifting its direction after going through a long restructuring process. The company’s turnover reached 730.9 million dollars (625,6 million euros).
All economic news of the key fashion companies worldwide.
