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Management

The Row receives investment from Chanel and L'Oréal owners

Paris - The Wertheimer brothers and the Bettencourt family, respective owners of Chanel and L'Oréal, have acquired a minority stake in the American fashion brand The Row, owned by the Olsen sisters, AFP learned from a source close to the matter. The brothers Gérard and Alain Wertheimer, owners of Chanel, invested via their "family office" Mousse...

Management

John Lewis narrows losses, on track to deliver higher full year profit

John Lewis Partnership reported sales of 5.9 billion pounds in the first half, up 2 percent year-on-year, while revenue was up 2 percent to 5.2 billion pounds. The company said that the Partnership is on track to deliver significantly higher full year profit above the 42 million pounds reported in 2023/24. Commenting on the first half trading,...

Management

Zara-owner Inditex posts sales and profit growth

In the first half period, Inditex recorded sales growth of 7.2 percent to reach 18.1 billion euros, showing a positive development both in stores and online. Sales were positive across all concepts. Sales in constant currency grew by 10.2 percent. Commenting on the first half trading Óscar García Maceiras, Inditex CEO said in a statement: “The...

Management

Carhatt names Norma Delaney as new Vice President of Brand Marketing & Creative

Workwear brand Carhatt, Inc. has announced the appointment of Norma Delaney as its new vice president of brand marketing and creative. Leveraging over 20 years of global brand marketing experience in the footwear and apparel categories, Delaney is set to lead the development of marketing and creative strategies for Carhartt. In addition, she...

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