Having hit 1 billion euros in revenues and accomplished its objective of 13% growth in 2018, despite a slow-down at the end of the year, 2019 could well be the year that SMCP looks to acquire a new brand.
Condé Nast may be shuttering print issues of magazines in the USA and putting others on the block, but in Europe, the glossy publisher is launching a new title. Named Vogue Business, it debuts this Tuesday.
Tesco, Britain's biggest retailer, said on Monday it was making changes to its UK business that could impact up to 9,000 jobs.It estimated that half of that number could be re-deployed across the business.
Apparel maker Guess Inc said on Monday CEO Victor Herrero will be leaving the company on Feb. 2. Carlos Alberini, head of jeans maker Lucky Brand and a former chief operating officer of Guess, will replace Herrero.
Father-daughter duo Lenny and Zoe Kravitz have been tapped as the new faces of luggage and travel accessories brand Tumi. The campaign marks the first time the two have appeared together on a film project.
SMCP has continued its run of impressive results with the owner of the Sandro, Maje and Claudie Pierlot brands saying that it saw double-digit sales growth last year with its turnover above €1bn for the first time.
Tiger of Sweden and By Malene Birger owner IC Group is selling its under-performing Saint Tropez brand to DK Company A/S and has also issued a warning that its remaining brands will be weaker than it had expected.