The New York-based fashion group announced on Tuesday that Eraldo Poletto will take on the role of CEO and brand president of footwear label Stuart Weitzman, succeeding Wendy Kahn who is leaving the company.
With more and more fashion houses going fur-free, San Francisco banning fur sales in the city and British MPs considering outlawing all imports of pelts after Brexit, the signs do not seem good for the fur sector.
The Italian leather goods brand closed the 2017 financial year with a robust revenue increase, reaching €499 million, with EBITDA up 34.1%. New store openings in the USA and Europe are planned in early 2018.
Tata Group’s e-commerce arm Tata CliQ will enter into newer categories and also launch its own e-wallet in the coming year to drive the next phase of growth for the company, said a top company official.