Firmenich has announced that Armand de Villoutreys is to retire as President of its Perfumery and Ingredients business on June 30. He’ll be replaced by Ilaria Resta who was most recently at Procter & Gamble.
Beginning in 2021, the textile and clothing event will be held from July 6-8, instead of in September. This change follows the new timeline for collections, its general manager revealed to FashionNetwork.
The Hudson’s Bay director who led the committee that negotiated the sale of the company to a group of controlling shareholders said a report by Institutional Shareholder Services criticizing the deal was “misleading.”
The denim industry produced $19.7 billion in merchandise in fiscal 2018, a figure which, according to a recent study, is predicted to increase an average of 3.2% over the coming years to reach $25.4 billion by 2025.