×
32 783
Fashion Jobs
FOOT LOCKER
Senior Product Manager (Membership)
Permanent · Chicago
FOOT LOCKER
Security Guard
Permanent · New York
NORDSTROM INC
sr. Business Intelligence Analyst - People Analytics
Permanent · Seattle
NORDSTROM INC
la Mer Business Manager Streets at Southpoint
Permanent · Durham
NORDSTROM
Asset Prevention Security Ambassador Northtown Mall Rack
Permanent · Spokane
NORDSTROM INC
Loss Prevention Agent Montgomery
Permanent · Bethesda
NORDSTROM
Loss Prevention Security Ambassador North Point Market Center Rack
Permanent · Alpharetta
NORDSTROM INC
Security Ambassador 2- 3rd Shift - Elizabethtown, PA
Permanent · Elizabethtown
NORDSTROM
Loss Prevention Security Ambassador Riverwalk Outlets Rack
Permanent · New Orleans
NORDSTROM INC
Inventory Integrity & Quality - Area Manager - Tue-Fri 3:00pm-1:00 am - Dubuque, ia
Permanent · Dubuque
NORDSTROM INC
District Manager, Asset Protection – co/ut/id
Permanent · Westminster
KOHLS
Full-Time Sales Supervisor - Softlines
Permanent · Lorain
KOHLS
Full-Time Loss Prevention Supervisor
Permanent · Evesham
L'OREAL GROUP
l'Oreal Usa, Retail IT Systems Administrator
Permanent · New York
L'OREAL GROUP
l'Oreal Usa, IT Senior Manager, SEO & Site Performance Lead
Permanent · New York
L'OREAL GROUP
l'Oreal Research & Innovation, Vice President & Patent Counsel
Permanent · Clark
MARSHALLS
Loss Prevention Detective
Permanent · Denver
TJ MAXX
lp Detective
Permanent · Williamsport
TJ MAXX
lp Detective tj Maxx-Downtown, Brooklyn
Permanent · New York
TJ MAXX
lp Detective
Permanent · Williamsport
TJ MAXX
lp Detective Atlanta Ponce Deleon
Permanent · Atlanta
HOMEGOODS
lp Detective
Permanent · Danvers
Translated by
Erin Floyd
Published
Apr 2, 2019
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Kering sells Volcom to Authentic Brands Group

Translated by
Erin Floyd
Published
Apr 2, 2019

Just a year after Kering announced its intention to sell Volcom, the skate label has been acquired by Authentic Brands Group. Kering’s story with the American brand has not lasted very long, as the French group bought it in 2011. 


DR


Since then, Kering has decided to focus on its luxury division, and in the meanwhile, a good number of board sports brands are undergoing identity crises with varying degrees of success. As far as accounting goes, Volcom was relegated to “abandoned activities, in accordance with IFRS 5,” according to the French group’s results.

Volcom’s results, impacted by headwinds, still account for a considerable portion of the turnover. In 2017, its turnover was 230 million euros, down 3.2% at constant currencies, compared to 242 million euros in the prior year. Its operating income was stable.

Last June, Volcom appointed Jeffrey James “JJ” Gonzales as creative director of its men’s ready-to-wear division. The designer, who has been collaborating with Volcom for the last 16 years, has distinguished himself for his work on denim, as well as on the brand’s more traditional pieces, such as swimshorts.

As for Authentic Brands Group, the American company currently operates a portfolio of some 50 brands, including Airwalk, Juicy Couture, Frye, Prince, Hind and Tretorn. Last October, the group also acquired a majority stake in Camuto, having already bought Nautica in March 2018. Over the course of the last fiscal year, the group achieved revenues of $9.3 billion, half of which came from international sales. The company’s current objective is to hit $10 billion by 2020.

Authentic Brands Group's acquisition of Volcom was effective April 1, Kering said.  
 

Copyright © 2021 FashionNetwork.com All rights reserved.