The chain has opened a 3,500-square-metre space at 54 Boulevard Haussmann, adjacent to Galeries Lafayette and Printemps. The space brings the brand’s new automated order collection point to France for the first time.
The new owner of the swimwear brand will focus its efforts on international expansion with plans to take the label to Europe and Asia in the medium term. Under its new owners, the brand expects to grow 8% in 2019.
Geox, the techy Italian footwear giant, and Dragon, the Formula E team owned by media investor Jay Penske, have signed a strategic long-term agreement that will result in the race car changing its name.
Hema plans to sell part of its store portfolio to franchisees in order to invest in the acceleration of its international expansion. It marks the latest move by the chain's new owner since its acquisition in October.
A report has suggested Arcadia is looking to close around a third of its 500 leased UK stores, joining the wave of UK retailers trying to downsize their store estate as online shopping continues to soar.