The Myla lingerie brand is being relaunched this week by Agent Provocateur's ex-CEO with Net-A-Porter, Selfridges and Bergdorf Goodman on board, plus a flagship due next month and plans for a move into swimwear.
Nicolás Corral, head of Spanish fashion and accessories brand Bimba y Lola, has stepped down from his position and is moving to Acciona, according to Expansión. The move comes as the company approaches a possible sale.
While China has raised import duties on several categories of U.S. goods, it lowered tariffs on apparel, cosmetics, household goods and jewelry, which could see these industries thrive, according to Cowen and Company.
Steinhoff said on Thursday that around 90% of creditors for several subsidiaries supported an agreement to hold off debt claims for three years, an important step in restructuring the scandal-hit South African retailer.