Parisian label Sonia Rykiel has filed for receivership and is looking for a new owner, FashionNetwork.com learned on Tuesday. The announcement comes after several years of declining sales at the label.
PVH Corp. announced its financial results for the fourth quarter and full year 2018 on Wednesday, revealing quarterly sales and earnings that topped Wall Street estimates thanks to progress at its Tommy Hilfiger brand.
First Heritage Brands, the owner of Sonia Rykiel, has entrusted the position of managing director to Perry Oosting, replacing Eric Langon who has been in the role since 2012, FashionNetwork.com has learned.
Men’s formal brand Arrow, a part of Arvind Fashions Ltd is looking to strengthen its position in tier II, tier III cities and will be adding 40 exclusive brand outlets (EBOs) in these cities across India this fiscal.
American fashion brand Aeropostale is betting big on the Indian market and focusing on the youth segment to drive sales in the coming years. The company is planning to open 15 stores during the current financial year.