- Published in Fashion
Maasmechelen Village has been around for 13 years, attracts 3 million visitors a year, but has stacked up one loss after another. It now has a 236 million euro debt.
& Other Stories has opened its first Dutch store in Amsterdam, on the Heiligeweg. Swedish H&M's subsidiary moved into a former Intertoys store.
American clothing group VF, owner of Antwerp fashion brand Kipling, has managed a 3.5 billion dollar (2.75 billion euro) turnover in its third quarter: that is a 7 % increase. It expects an even bigger full-year increase of 8 %.
Irish fashion discounter Primark will rent about 50,000 sqm of store space in seven American Sears stores. The latter hopes this will improve its disappointing results from the past several years.