Companies

The German sports brand exceeded for the first time in history the barrier of 5.5 billion euros (5.95 billion dollars) in revenue, while its earnings stood at 262.4 million euros (283.8 million dollars).

The Asia-Pacific regions are the ones that contribute the most to the global business of Adidas, with a revenue of 2.1 billion euros (2.3 billion dollars) until September 2019, although China’s specific share remains unknown.

Marina Raphael, a business management graduate, and a descendant of the Swarovski family forges her own path follwing the launch of her own handbag brand.

Andy Campion will become the group’s chief operating officer after leaving the financial management, which is assumed by the vice president for investor relations. Heidi O’Neill will oversee the consumer and marketplace division.

The American group of department stores Macy’s faces another challenge as debt watchdog Standard & Poor’s demotes its credit to a lower ranking of “BB-plus” from “BBB-minus”

The board of directors of the British fashion company will go from thirteen members to nine, as part of a strategic plan led by Rachel Osborne, current interim executive director of the brand.

Juicy Couture, a Los Angeles-based brand has forged a licensing agreement with NYC Alliance to produce Juicy Couture’s sportswear for women.

In 2019, the company ended the year with sales of seven hundred million euros (756 million dollars), 54% more than the previous year. In 2020, the company expects to close with a 30% increase.

The footwear and accessories company, which was acquired by Apax in 2013, has officialized its initial public offering.

With consumers increasing demand for a faster deliveries, and the presence of the omnochannel, companies in the fashion sector, especially the giants that distribute gloabally must position themselves in key locations that allow them to comply with these new demands.

The Swedish fashion company launches the rental service for the spring-summer 2020 collection as part of its sustainability initiatives.

According to The Sustainable Cotton Ranking 2020 report, sustainable cotton production is expected to increase by 30% this year.

The New York company has sold its intellectual property to the Centric Brands group, although Posen will continue to back the company’s creative and strategic line.

The British group of department stores progresses in its restructuring plan and has announced the closure of the Long Eaton and Thorncliffe logistics centers.

The low-cost fashion chain remains the largest by number of buyers, with 10.7% million customers in Spain. Pull & Bear overtaken C&A in the fourth position and Springfield has surpassed Stradivarius.

The American fashion company has closed two thirds of its commercial network in China. In Asia, the company had a turnover of around 273 million dollars (250.4 million euros) in the last three months of last year.

Kering shuts down down acquisition of Moncler. The group led by François-Henri Pinault confirms that the acquisition of the French company is not on the table. Pinault argues that the group will focus on existing brands, which include Saint Laurent, Balenciaga and Gucci, among others.

Simon Property, Brookflield Property Partners and Authentic Brands have obtained a green light for the purchase of the company, which had filed for bankruptcy in September 2019.

The American group of department stores intends to adopt a new strategy focused more on the end customer.

The founder of Desigual appeared before the media yesterday and reviewed for the first time the past, present, and future of the company. “what have we done wrong? Not bringing enough innovation to the market,” he lamented.

While Bernard Arnault’s group maintains its buyer appetite, Kering has divested to focus on fashion and luxury and has relied on star designers to boost the core of most of its brands in its portfolio.

The Swiss manufacturer of perfumes bought 4.68% of the French company. Firmenich also invested in the company last September.

The decline is due to the agreement reached with the Italian tax agency and the 1.18 billion euros in extraordinary grain recorded in 2018 for the sale of Puma.

The company will pay 1.28 billion euros (1.4 billion dollar), overtaking Advent fund, who was said to be neck-in-neck in securing the deal. The objective is for the sale to close this mid-February.

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Modaes Global - Companies | Economic news of fashion companies. All the economic news of the main companies in the fashion business in Spain and around the world. - Modaes Global.

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