Companies

h By MDS

Feb 7, 2020 — 4:02pm

L'Oréal grows 11% and gains additional 9.3% in profit in 2019

L'Oréal ends another yet with record sales. The French cosmetic giant has ended its last fiscal year (closed on December 31) with positive increases in its sales and revenue.

h By F. T. Ngo Bii

Feb 7, 2020 — 9:00am

Belstaff relaunches in the US with a store in New York

The British brand that was acquired by the German Group Ineos, plans on relaunching the company in the US with a new opening in New York City.

h By MDS

Feb 6, 2020 — 7:46pm

Nike transitions operations with local distributors in South America

The American sportswear distributor will entrust the command of its operations in the three Spanish-speaking countries to Grupo Axo, while Grupo SBF will take charge of the business in Brazil.

h By MDS

Feb 6, 2020 — 7:03pm

Tapestry’s profit sinks by 15.6% in first half

Tapestry stumbles in its first semester. The US holding fashion group experienced a 0.3% in its revenues in the first half of the year 2020, to 3.17 billion compared to the 3.18 billion dollars of sales it made sales in the same period of the previous year.

h By MDS

Feb 6, 2020 — 6:04pm

Estée Lauder grows 13% and gains a 7% net profit

The American cosmetics giant has completed its first six months (June to December) with revenue of 8.5 billion dollars. The EMEA market saw a tremendous growth, similarly to the Estée Lauder skin care category, which is the division that grew the most.

h By MDS

Feb 6, 2020 — 5:03pm

Azzaro appoints new artistic director

Azzaro’s new artistic director, Olivier Theyskens, will design the company’s couture collection, which will be presented in the French capital in July.

h By MDS

Feb 6, 2020 — 4:33pm

Under Armour: new leadership appointments

The American sportswear company has added two new executives to its team, Colin Browne as chief operating officer and Paul Fipps as chief experience officer.

h By MDS

Feb 6, 2020 — 4:01pm

Valentino taps Fendi exec as new CCO

The Italian luxury brand, owned by Mayhoola investment fund has just named Marco Giacometti as its new chief commercial officer who will assume his role in mid-April.

h By MDS

Feb 5, 2020 — 7:00pm

Coty’s sales drop by 5.6% but makes profit in the first half of the year

The American cosmetic group has closed the first six months of 2020 with a net income of 39 million dollars.

h By mds

Feb 5, 2020 — 7:00pm

Capri’s nine months: the owner of Michael Kors shrinks its profit by 37% but grows by 12%

The company warns the coronavirus outbreak impacted its growth. In the third quarter, Michael Kors has reduced its sales by 5.1%.

h By MDS

Feb 5, 2020 — 6:50pm

Mark&Spencer boots its transformation and hires new strategy director

Katie Bickerstaffe start her new role as CEO on 27^th of april, 2020. The executive has been CEO for SSE Energy Services, one of the biggest energy providers in UK, and part Mar&Spencer's board.

h By MDS

Feb 5, 2020 — 5:03pm

Macy’s tighten its belt with 125 closures and 2,000 layoffs

The American department store chain, Macy’s, has also presented its preliminary accounts for the year of 2019 and estimates closing the year with a revenue of 24.5 billion dollars.

h By MDS

Feb 5, 2020 — 4:36pm

Sephora to open 100 stores in North America in 2020

The LVMH owned chain will be opening 100 stores across 75 cities in 2020, the new locations will be housed in streets and local center locations.

h By MDS

Feb 5, 2020 — 4:02pm

L’Oréal negotiates the sale of Roger & Gallet with Impala fund

The French beauty company is in talks with the investment fund Impala for the sale of one its cosmetic brand, the deal is expected close this summer.

h By F. T. Ngo Bii

Feb 5, 2020 — 9:00am

Louis Vuitton rearranges its helm

The French luxury brand has recently appointed, Marc Sjostedt, a company veteran.

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All economic news of the key fashion companies worldwide.