The royal wedding underlines the economic potential of a sector that needs to embrace digital technologies and look for new markets and formats to face a fragmented landscape where millennials will reign supreme.
The Mulliez family-owned retailer has promoted César de Vicente to the role of director of international development. De Vincente will hand of his previous post, head of Kiabi's Spain subsidiary, to José Luis Carceller.
French clothing retailer Vivarte, which is aiming to restructure more than 1.3 billion euros of debt, has agreed to offload its Kookai brand to Australian company Magi as part of Vivarte's ongoing sell-off programme.
Private-equity backed French clothing retailer Vivarte, in talks to restructure more than 1.3 billion euros ($1.4 billion) of debt, has sealed a deal with its lenders, chairman and chief executive Patrick Puy has said.