Ignacio Fernández has been named as financial director of the clothing group Inditex (Zara, Pull and Bear, Massimo Dutti, Bershka, Stradivarius, Ovsho, Zara Home…). He replaces Antonio Rubio who is leaving to take up other adventures.
The head of mall owner Taubman Centers Inc on Tuesday 19 May said he was not backing away from his company's identity as a luxury mall owner and operator, despite the hard knocks upscale retail sales have taken.
Shiseido is entering phase two of its strategy for global development; the launch of a new line of make-up reflects the desire of the Japanese brand to underline its capacity for innovation and to further its influence at home and abroad.
Clothing company American Apparel settled film director Woody Allen's lawsuit over the use of his image in advertising for $5 million (£3.26million), Allen said on Monday 18 May as the case was about to start.
Ballantyne is making the most of all branches of style; after having announced the arrival of a collection from designer Philippe Starck, modern and ergonomic, the label is opening its first boutique dedicated to vintage clothes in the heart of Notting Hill.
Clothing retailer American Apparel Inc swung to a first-quarter loss, cut its full-year outlook and said it may have to restate prior financial statements due to the classification of its revolving credit facility, triggering a 20% slide in its stock.
A new player has stepped into the beachwear game: MK. The men’s swimwear brand has come from the brains of the MacKeene brothers after the Franco-Scottish pair weren’t able to find swim shorts that “combined elegance, style, comfort and speedy drying” on their travels.
Luxury goods group Burberry is planning for trading to remain tough but expects cost-cutting to underpin earnings this year, it said on Tuesday 19 May as it met forecasts with a 12.5% fall in 2008/2009 profit.