The French department store group, owner also of La Redoute, Royal Quartz Paris, Louis Pion, Mauboussin and BazarChic, has hired Sandra Weber, a corporate finance expert formerly with Swiss retail group Rallye.
After supporting the creation of Livy in 2017, the French group has buttressed its lingerie business by buying a stake in Ysé, an underwear label founded in 2012 by Clara Blocman and Bérengère Lehembre.
A report published on Wednesday by a parliamentary commission found that the violence linked to the ‘yellow vest’ movement has had a disastrous impact on entire sectors of France’s economy, costing billions of euros.
The German company has come up with a new mass-market self-care and beauty brand for the French and Scandinavian markets: N.A.E., or Naturale Antica Erboristeria, the fresh offshoot of an older Italian brand.
Casino, which is battling to ease investor concerns about its high debt levels, posted stronger-than-expected second-quarter revenue, thanks to accelerating sales in France and Brazil, and predicted solid growth ahead.
Online retail sales in France rose 13% to 22.3 billion euros ($26.10 billion) in the first quarter, said the French E-Commerce Federation, highlighting growth in a sector that has seen Amazon and others make in-roads.