
Equipped with a new managing director, Stefanel has signed an agreement with El Corte Ingles with a view to open fourteen concessions between now and 2010 in their Spanish department stores.
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Equipped with a new managing director, Stefanel has signed an agreement with El Corte Ingles with a view to open fourteen concessions between now and 2010 in their Spanish department stores.
Italian sportswear brand Diadora has reached an agreement with shoe maker Geox's founder and chairman Mario Moretti Polegato to buy its assets through his family's investment arm, LIR.
Italian clothing retailer Stefanel SpA named Luciano Santel as its managing director on Monday 25 May, he will take over by September.
Italian shoe maker Geox saw net profit fall nearly 10 percent in the first quarter and said on Thursday 14 May it was confident of future opportunities to grow further.
Shoe retailer Geox booked a slight rise in its 2008 net profit on higher sales, and the company's chief financial officer said its start-of-year sales had gone "very well", sending its shares higher.
Italian shoemaker Geox has a solid cash flow and no immediate need for refinancing, the company's chairman told Reuters on Wednesday.
Italy's Geox, the maker of "no sweat" shoes, reported a 15 percent rise in its sales but said core earnings edged up just 1 percent in the first nine months as higher costs hurt its margins.
Italian shoe maker Geox , known for its "no-sweat" shoes, has entered a distribution partnership with China's Belle International , it said in a statement on Friday, September 12th.