The Paris trade court has ruled in favour of the creditors of SMCP’s Chinese owners. The creditors hold a 29% stake in the fashion group and wanted to convene an AGM to solve the group's ownership issues.
The parent company of jewelry retail chains including Kay, Jared and Zales lifted its full-year financial outlook on Thursday, after reporting a year-over-year increase of 18.3% in its third-quarter sales.
Originally associated with Britain's aristocracy and gentlemen farmers, the textile is now being made a key element in the collections of major brands, including Chanel, Dior, Yves Saint Laurent and Hermes.
The American owner of brands including Vans, The North Face and Supreme has appointed Nina Flood to the role of president of its global packs business, which brings together the Eastpak, JanSport and Kipling labels.
Spanish fashion retail giant Inditex said Tuesday Marta Ortega, the daughter of its founder, will take over as chairwoman in April with a new CEO, as a last step of a generational handover started a decade ago.
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