Neil Cole has left the group he founded in 2005. In 10 years, he built a worldwide giant specialised in brands under licence. He's replaced by Peter Cuneo, who becomes Board Chairman and CEO ad interim.
The American group (Umbro, Lee Cooper, Peanuts, Material Girl) specialised in licenses saw its revenue increase 7% in its 2014 financial year compared to 2013, amounting to $461m. Its EBITDA stabilised at $264m.
These past five months the American group has picked up Umbro, the Canadian brand Buffalo and Lee Cooper jeans. For its first quarter 2013 ended March 31, it recorded 19% growth in sales, mainly due to the injection f...
Italian group MCS has changed hands from British company Permira to U.S investors Emerisque Brands, specialists in the development of international fashion brands. The exact sum of the transaction has not been disclosed.