Belgian lingerie manufacturer Van de Velde, best known for its Marie Jo and PrimaDonna brands, expects its 2017 financial results to come under pressure. The company immediately announced additional investments to stimulate growth.
German online fashion store Zalando continues to grow vigorously in 2017’s first quarter. The preliminary results show that it will once again publish turnover growth surpassing 20 %, a target the company has set for its full fiscal year as well.
American retail giant Walmart is in talks to obtainmen’s clothing start-up Bonobos. According to an insider, the company is willing to depart with 300 million dollars (280 million euro) to get the deal done.
American fashion label Michael Kors appointed Thomas J. Edwards as its new CFO, succeeding Joseph B. Parsons who will leave the company in August after thirteen years. Edwards will join the team immediately.
Spanish fashion chain Zara will open its largest store in Madrid. The new 6,000 sqm store, spread across four floors, is its largest in the world and is located in Madrid’s financial district, on the Paseo de la Castellana.
Marco Airoldi will no longer be Benetton Fashion Company’s CEO after the annual shareholders’ meeting, scheduled for 16 May. He had been CEO since 2014 and led the brand’s restructuring program over the past few years.
Who says young people do not have an entrepreneurial spirit? Isabelle Dumortier was only in her early twenties when she launched her first web shop. Today, Tutu Shop is on the verge of an international breakthrough.