The Chinese e-commerce giant, which in 2017 invested 397 million dollars in the online luxury platform, will provide its 300 million users with access to Farfetch.
Companies
The group, owner of the intimate chain, had a revenue of 13.23 billion dollars in 2018, which meant an increase of 4.7% compared to 2017.
After closing 2018 with a fall of 9% in its sales, the Austrian hosiery company prepared a new strategy with the objective of going back to profitability in 2020.
The German sports fashion and equipment group promoted Martin Shankland, who works in the group since 1997.
Alison Coville worked in the department store company since 1999 and has occupied several positions of responsibility. In 2017, the executive was promoted to the presidency.
The British e-commerce platform promotes the director of technology and customer experience. The executive joined the company in 2013.
The private equity fund injected 25 million dollars in Bandier. Besides, the investment fund C Ventures has also entered the company.
Van de Velde registered sales valued in 290 million euros in 2018, which represents a decrease of 1.8%.
The department store group registered net profits of 478.46 billion Chilean pesos (736 million dollars).
The fashion company, which at the end of 2018 drew up a restructuring plan for the company’s business, registered 1.77 billion Hong Kong dollars (198.9 million euros) in the red.
The new e-commerce platform of the department store company will start operations as of 2020 and will sell at a global scale. Currently, Harrods is boosting its sales worldwide, especially in Asia.
The french luxury group has a production centre in the Longarone region, which is in operation since April 2018. The new factory is located in Italy and will be set in motion in the fourth quarter of 2020
The Brazilian company of cosmetics continues to weigh on its result the effects of The Body Shop acquisition. The company had a revenue of 13.39 billion reals (3.57 billion dollars).
The company accelerates in its digital transformation with the signing of Katia Walsh, Vodafone’s chief data and analytics officer.
The designer joined the Italian luxury company in September 2016 and, since 2017, he was in charge of womenswear.
All economic news of the key fashion companies worldwide.