
The Spanish bridal wear label, which has a direct presence in Moscow, has stated it is suspending business operations in the country, while pledging it will fulfil all orders placed before the start of the conflict.
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The Spanish bridal wear label, which has a direct presence in Moscow, has stated it is suspending business operations in the country, while pledging it will fulfil all orders placed before the start of the conflict.
The Spanish group adds a ninth brand to its portfolio, in addition to the three new brands launched in 2021. It will begin distributing in Spain and Portugal next week under the Women'secret umbrella.
A leader in the Spanish fashion industry, the couturier, designer and businessman passed away on Thursday, February 3. A pioneer in the domestic market, he presented his creations in Paris, Milan, New York and Tokyo.
The Spanish fashion conglomerate, which owns brands such as Cortefiel and Springfield, has paid off its ICO loan, granted in May 2020, four years before its maturity date.
Spanish retailer Tendam has acquired a majority stake in the Slowlove fashion brand with which its Cortefiel unit has been working since last summer.
The Spanish label, bought by Tendam in late 2019, will be available at 20 Cortefiel and Pedro del Hierro stores from March 1. With Alejandra Valero in charge of design, it is aiming to generate 50% of its sales online.
Closures and restrictions implemented to combat the second wave of the Covid-19 pandemic led the Spanish group's sales to fall to 197.2 million euros in the third quarter running September to November 2020.
The owner of brands including Cortefiel and Pedro del Hierro saw its income before taxes rise to 8.7 million euros and managed to slow the decline in its sales, which fell 23.6% to 260.3 million euros.
The Spanish owner of fashion brands including Cortefiel and Springfield said like-for-like growth across all brands and a strong fourth quarter helped deliver the sales increase.
After years of reconnaissance, China's retail king Alibaba is finally making its move on Europe. It is undercutting Amazon sellers' fees to attract vendors but has had mixed results.