Belgian distributor Delhaize wants to get the same purchase conditions as Albert Heijn gets for national brands and he is willing to fight suppliers to get better conditions if need be. Delhaize's CEO believes that Delhaize's market share (10 times higher than Albert Heijn's) warrants the same conditions, at the very least.
Delhaize demands same purchase conditions as Albert Heijn
Clothing chain C&A introduced another eleven countries to its web shop, instantly more than doubling the range of its online activities.
Fashion chain Esprit will get a new CEO: Jose Manuel Martínez will leave the company and pass on the baton to Anders Kristiansen. New Look’s former CEO has to bring growth to Esprit, particularly through ambitious plans for China.
After eleven years as Dior Homme’s Chief Creative Officer, Belgian Kris Van Assche is to leave the fashion label to find new challenges. British designer Kim Jones will replace him.
Suitcase brand Rimowa, part of luxury group LVMH since 2016, has stopped all of its dealer contracts. It wants to initiate a new procedure soon and only a fraction of the current dealers will get a new contract.
Swedish fashion chain Hennes & Mauritz had to present less than favourable results for its new fiscal year: investor trust has dwindled, now that sales in its home territory have also dropped for the first time in decades.
The Italian Bureau of Competition has approved Swiss Richemont’s acquisition of Italian fashion webshop Yoox Net-a-Porter. The full bid, yet to be accepted, values the company at 2.7 billion euro.