
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.
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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.
The clothing brand’s creative team have launched Your Choices Make Us, an interactive project that invites Instagram users to participate in the creation of the Spring Summer 2020 campaign.
LVMH, the owner of watch label Tag Heuer, has appointed one of its own group executives, Benjamin Beaufils, as the Swiss brand's president for North America.
Sales for the three months ended May rose to €218.9 million, while revenues dropped 1.1% due to bad weather in April and the calendar effect of Easter.
The Spanish retail group said pre-tax profits soared almost fourfold in 2018 despite facing adverse weather conditions and geopolitical instability. Group revenues grew to €1.15 billion.
The Spanish clothing group has shelved plans for an initial public offering despite reporting profits of €43 million on sales of €801 million in the first nine months of the year.
The Spanish clothing group is back on the growth track and has reduced its debt compared to the previous half-year. The latest performance was boosted by a rise in online sales and an effective stock management.
With cities being used by fashion companies as the cornerstone to map out their expansion plans, New York is currently the world’s best city for conventional retailers, says a recent report.
Sales at the fashion chain that owns brands including Cortefiel, Pedro del Hierro, Springfield, Women’Secret and Fifty, declined by 3.8% to 221.3 million euros in the first quarter of the year.
Retail group Cortefiel, which exited the Madrid stock exchange after its 2005 takeover, is considering a return in the second half of 2018, according to reports.