Nov 28, 2019 — 6:01pm
The process was interrupted last October pending the approval of the judge. Now, Hussain Sajwani, chairman of Damac Properties has confirmed the acquisition.
Companies
Nov 27, 2019 — 5:00pm
Sales fell by 16% to 35 million pounds (40 million euros) compared to 42.5 million pounds (47.2 million euros) in 2017.
Nov 27, 2019 — 4:29pm
The luxury company, owned by LVMH, has increased its prices after cutting them last year following luxury tariff cuts.
Nov 27, 2019 — 4:00pm
Albert Bensoussan, joined the French group in 2014. He previously worked for rival LVMH.
Nov 27, 2019 — 9:00am
The company first implemented this new boutique concept at a new opening in Berlin’s Mitte. In Stockholm, it will include for the first time a rental service, as well as repair.
Nov 26, 2019 — 9:03pm
The American company reached a profit of 12.4 million dollars, up 192.4% compared to the loss of 13.4 million dollars for the same period last year.
Nov 26, 2019 — 7:50pm
The Swedish company will launch the first part of the collection inspired in Colombia on December 3 at selected points of sale.
Nov 26, 2019 — 7:30pm
The American fashion retailer, owner of Tommy Hilfiger and Calvin Klein, has concluded the third quarter of the year with a turnover of 7.5 billion dollars.
Nov 26, 2019 — 7:29pm
The terms of the agreement have not been disclosed. The deal is expected to close in the first quarter of 2020.
Nov 26, 2019 — 6:10pm
The French company attributed the growth in profitability to strong sales across all brands and key geographical areas.
Nov 26, 2019 — 4:24pm
The other off-price platform of the group, The Outnet, exited the Chinese market in 2015. The objective now is to focus on full price websites in a partnership with Alibaba.
Nov 26, 2019 — 8:57am
The company is also growing in neighbour market Australia, where it launched its ecommerce earlier this year and currently operates 13 stores.
Nov 25, 2019 — 8:15pm
Lefties has opened its first store in the Mall of Sousse in the North-African country on 22th November of this year.
Nov 25, 2019 — 5:18pm
Permira, which owns the bootmaker since 2014, plans to exit the company in 2020 with a sale or an IPO.
Nov 25, 2019 — 5:12pm
The British footwear retailer has appointed the management consultancy firm to help with a transformation of the business.
All economic news of the key fashion companies worldwide.
