The Brazilian footwear group has appointed Frederic Levy as president of newly created Havaianas International. He will be in charge of all markets outside Brazil, with the mission of driving the group’s global growth.
Inditex continued to go from strength to strength in the latest quarter and first nine months of its financial year as its omnichannel strategy and focus on stores in the best locations paid off for all brands.
Inditex’s Zara has seen its UK profits falling even though sales there have continued to rise. Full-year 2018/19 sales rose around 10% to £772.5m, but profits were halved as selling and distribution costs rose 7%.