×
82 773
Fashion Jobs
MACY'S
Asset Protection Detective, Cumberland Mall - Full Time
Permanent · Atlanta
MACY'S
Manager, Big Ticket Operations Thurs-Sun (First Shift)
Permanent · Stone Mountain
ATHLETA
General Manager - Shops on Lane Ave
Permanent · Upper Arlington
NEIMAN MARCUS
Finance Analyst
Permanent · New York
NEIMAN MARCUS
Operations Manager, Dock
Permanent · New York
GAP
General Manager - Northbrook Court
Permanent · Northbrook
ESTÉE LAUDER
Technical Director, Global R&D Compliance Business Analyst
Permanent · New York
MARSHALLS
Loss Prevention Customer Service Associate
Permanent · Las Vegas
MARSHALLS
Loss Prevention Store Detective - Downtown Crossing Marshalls
Permanent · Boston
MARSHALLS
Loss Prevention Detective
Permanent · Las Vegas
TJ MAXX
Loss Prevention Detective Dorchester ma
Permanent · Boston
HOMESENSE
Loss Prevention Customer Service Associate
Permanent · Fairfax
HOMEGOODS
Distribution Center Supervisor
Permanent · Jefferson
MARSHALLS
Loss Prevention Customer Service Associate - Downtown Crossing Marshalls
Permanent · Boston
DESIGNER BRANDS
Manager, Marketing Segmentation (Open to Remote)
Permanent · Columbus
L'OREAL GROUP
Packaging Operator- 12 Hour Weekend Nights
Permanent · Somerset
L'OREAL GROUP
Packaging Operator m-f 2nd Shift
Permanent · Somerset
NORDSTROM
Asset Protection - Security Ambassador - Towson Rack
Permanent · Towson
NORDSTROM
Asset Protection - Agent - Alderwood Mall
Permanent · Lynnwood
NORDSTROM
Asset Protection-Security Ambassador-Wayne Towne Center Rack
Permanent · Wayne
NORDSTROM
Asset Protection Coordinator - la Local Omni Hub
Permanent · Torrance
NORDSTROM
Asset Protection - Agent - Burbank Empire Center Rack
Permanent · Burbank
Published
Dec 9, 2016
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Hyundai Department Store buys SK's brands, creates K-fashion giant

Published
Dec 9, 2016

South Korea’s Hyundai Department Store is creating a giant fashion business as it buys SK Networks’ fashion operations for KRW326.1bn (£220m/$284m). The purchase should be completed by February at which point SK Networks will quit the fashion sector.

The deal comes as Koreran fashion is more in the spotlight tnan ever with South Korean brands and the country's pop culture being a huge influence on the Asian region and beyond.


Rouge & Lounge is one of the labels that will move to Hyundai Department Store


The two companies on Thursday inked a deal to merge SKN’s 12 fashion brands into Hyundai’s Handsome fashion unit as the latter company continues its aim of becoming the country’s top fashion player.

Handsome has annual sales of KRW750bn and with SKN’s KRW600bn added in, the merged group becomes the fourth largest fashion company in South Korea behind E-Land, Samsung C&T and LF.

Hyundai said it would retain the 400 SKN designers, merchandisers, marketers and production staff, guaranteeing their jobs for five years. But it added that the deal will create synergies.

Analysts said the two businesses are a good fit and are unlikely to cannibalise each other’s trade as Handsome is known largely for its local womenswear brands while SKN is a major importer of global labels such as Tommy Hilfiger, DKNY, Club Monaco and American Eagle.

However, until the deal completes, it also owns a number of house-brands, including Obzee, O’2nd and Rouge & Lounge.

Copyright © 2021 FashionNetwork.com All rights reserved.