Companies

The North American department store giant has recruited Abacus Advisory Group, with which already worked in 2002 to proceed to the closing of more than 800 stores.

The company, which dismissed twenty people, has designed a new route map that consists in expanding the business with a more accessible entry price, amplifying product categories and getting into new points of sale.

The majority shareholder and chief executive of the Canadian department store group has signed an agreement to acquire 18 million ordinary shares by means of Rupert of the Rhine entity.

Sears, L Brands, Esprit. The CEOs of the largest fashion companies face twelve months that will be key for its future.

The fashion sector finds itself in the middle of a never-ending discounts and promotions battle. Data analysis will be the key for retailers to regain the control, according to the report Powerful pricing: The next frontier in apparel and fashion advanced analytics by McKinsey.

Edward S. Lampert has an ace up his sleeve in case his first bid, consisting of 4.4 billion dollars, does not receive the status of qualified offer.

Mercedes Gorriti, who took over the manager position in womenswear in 2015, was part of Spanish childrenswear brand Gocco’s founder team and was assistant manager in the retail section in Continente before signing up with the department store’s group.

The French fashion company, property of the group Modacin, has signed an agreement in which the brand will be now owned by its creditors, among them the investment funds Farallon, Carval and CVC, after not being able to face its debt.

The Spanish fashion company sets its sight in Chile, where it already gathers a total of 55 points of sale in collaboration with Falabella. The company’s plans for the territory are aimed at its settlement in the country’s main cities.

Whilst Retail Apocalypse was taking over the northern hemisphere, Latin American fashion giants reacted in time. They started to accelerate their omnichannel strategies taking advantage of the low penetration that titans like Amazon have, for now, in the region.

American department stores are deeply immersed in restructuring processes compelled by the brick crisis and the rise of pure players.

The Belgic designer’s creative proposal for recent collections was not well received by the group’s leadership who regarded it as expensive, extravagant and distant from the brand’s DNA.

The fashion retail giant created the joint venture named TreeToTextile along with Ikea and Lars Stigsson to industrialise the production of sustainable fibres.

The sports fashion titan from America raised its volume of business up to 19.32 billion dollars (16.9 billion euros) from June to November

El Corte Inglés shelves one of the most challenging years of its history. Caught in the middle of an internal battle, the group has refinanced a debt of 3.65 billion, has carried out its first issuance of bonds and has let foreign investors take a stake in the company.

The department stores company declared its bankruptcy last October as well as its restructuring plan, which includes a reduction of the network of stores.

The French luxury company, after making a recent announcement that it will no longer use fur for its collections, has just taken a stake in Sulapac, a Finnish group that produces biodegradable materials.

The giants of the sector have reconsidered their models this last year due to an environment of transformation characterised by the fall of profitability and the deceleration of fashion consumption.

The second biggest fashion retailer in Spain appointed Toni Ruiz as general manager. The executive will be in charge of correcting the group’s evolution resorting to the online business.

The fashion company predicts to achieve this figure both by opening directly operated stores as through huge franchises and, parallelly, it will close small sized ones.

The company specialised in clothes and sports has announced several acquisition projects which it expects to close during the first quarter of the next year.

The Spanish giant shaped its size all through last fiscal year, first with the announcement of its network of stores and then with its jump online.

In the fourth quarter, the group gained impulse with 12% rise of sales, reaching 56.42 billion Swedish kronor (5.5 billion euros), its best quarter in three years.

In the decade that lasted the global financial crisis, fashion has had its eyes covered before its own model and structural crisis. The main problem? Desafection.

The group has released Zalando Privé in the country, its platform for stocks sale exhibition. The offers last from three to five days and among the brands included are Adidas and Pepe Jeans.

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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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