Fashion
The end of this month will also spell the end for Belgian fashion brand A.F. Vandevorst, the life-long dream of An Vandevorst en Filip Arickx - both former assistants to members of the Antwerp Six.
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(update) Dutch chain De Bijenkorf has confirmed it will create a French language version of its web shop to cater to France and the southern part of Belgium. Moreover, the company's German web shop will start delivering to Austria as well.
Zalando has expanded its loyalty program Zalando Plus to French consumers. Initially, however, the service is only available in Paris.
French luxury house LVMH has been given the green light for the acquisition of Tiffany & Co by the shareholders of the jewellery chain. Now all that is left is the approval by the competition watchdog.
Swiss retailer Migros has sold its department store chain Globus to a joint venture of Austrian Signa and the Central Group from Thailand. The Austrians are building a department store empire throughout Europe, after acquiring (amongst others) Kaufhaus and Karstadt.
The Dutch branch of the Canadian Hudson’s Bay Company has suffered a loss of more than 73 million euros in the last financial year (ending 28 November). Over the three years that the chain was active in the Netherlands, the total loss amounted to 184 million euros.
LVMH's Bernard Arnault is convinced that no e-commerce player can make a profit from online fashion sales at all, but is he right? We took a look at the biggest fashion platforms.
As of 1 February, C&A will have a new Managing Director Germany as Eric Andrew Brenninkmeijer takes the baton from Jean-Marie Malbranke. This puts in motion a series of musical chairs, with its influence on the Benelux.
Leslie Wexner, the owner of L Brands, could be looking for a buyer for his lingerie brand Victoria’s Secret. At the same time, he would consider stepping down as CEO.
Helena Helmersson has been appointed as new CEO of H&M, the Swedish fashion chain announced at the same time as its (good-looking) annual results. Her predecessor, Karl-Johan Persson, will be chairing the board of directors from now on.
French luxury group LVMH saw its turnover grow by 15 % in 2019, achieving a sales record once again. Yet protests in Hong Kong weighed on the luxury group’s last quarter, and analysts are holding their breath for the consequences of the coronavirus.
Swedish fashion chain H&M has become the focus of an investigation by the privacy watchdog in the German state of Hamburg, citing evidence that the chain was spying on its customer service representatives. If convicted, the maximum fine can be as high as 4 % of H&M's global turnover.
Fashion chain C&A is closing thirteen stores in Germany. Last week, the company also announced the closure of some thirty French stores.
Belgian fashion house Natan, led by designer Edouard Vermeulen, has just opened its first boutique in Paris. "I’ve never made crazy investments."
Online fashion retailer Asos has experienced strong growth of sales over the past four months, mainly driven by Black Friday. Turnover rose by some 20%, thanks to 27.7 million orders.
Fashion chain C&A has announced the closure of 30 French stores. As a result, 200 jobs are jeopardized. This is the second wave of closures in less than a year.
