The ex-chief financial officer of Salvatore Ferragamo in the Americas will be tasked with turning around the loss-making fashion brand as its new CFO. His appointment follows the departure of CEO Paolo Riva on Friday.
The Spanish apparel giant is committed to a global transformation strategy aiming for full sustainability by 2025. By 2020, all of its stores will be eco-efficient and will completely eliminate the use of plastic bags.
Nike Inc. announced on Monday it has signed the UN Fashion Industry Charter for Climate Action, committing to a 30 percent reduction in aggregate greenhouse gas emissions by 2030 and net-zero emissions by 2050.
Inditex is another of the big winners in global fashion retail and while its sales and profits increases may not always match analysts’ lofty expectations, it's a consistent performer as it continues to expand globally.
After three consecutive years of falling sales, revenues grew by 1.8% in 2018, while online sales jumped 30%. The company’s general manager also announced a 17% improvement in EBITDA to 135 million euros.
The Texas-based department store retailer announced on Monday that it has appointed Victor Ejarque Lopez as senior vice president and general merchandising manager for women’s apparel, effective June 10.