J.C. Penney tie-up favorable for Sephora business: LVMH

  • 📰 ChannelNewsAsia
  • ⏱ Reading Time:
  • 44 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 21%
  • Publisher: 66%

Brasil Notícia Notícia

Brasil Últimas Notícias,Brasil Manchetes

U.S. sales at beauty retailer Sephora picked up in the second quarter after a sluggish end to 2018, its parent LVMH said on Wednesday, citing its ...

PARIS: U.S. sales at beauty retailer Sephora picked up in the second quarter after a sluggish end to 2018, its parent LVMH said on Wednesday, citing its continued tie-up with U.S. department store J.C. Penney .

It described working with advisers as"taking positive and proactive measures, as we have done in the past, to improve our capital structure and the long-term health of our balance sheet," and said the company maintained a"strong liquidity position." "We're not in all the stores but in a large amount of them. The business is not as good as it used to be but is nevertheless quite favorable," LVMH Financial Director Jean-Jacques Guiony told analysts after the group posted second-quarter sales."We are one of the pockets of growth of J.C. Penney, we are important to them, they are important to us," Guiony said.

The beauty retailer has pushed rapidly into the United States in recent years, taking on rivals like Ulta , in part by building out stores within JCPenney premises under a partnership that started in 2006.

 

Obrigado pelo seu comentário. Seu comentário será publicado após ser revisado.
Resumimos esta notícia para que você possa lê-la rapidamente. Se você se interessou pela notícia, pode ler o texto completo aqui. Consulte Mais informação:

 /  🏆 6. in BR

Brasil Últimas Notícias, Brasil Manchetes

Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.

UPS launches drone business, seeks to certify multiple pilotsUnited Parcel Service Inc , the world's largest package delivery firm, on Tuesday unveiled its drone delivery subsidiary and said it has applied ...
Fonte: ChannelNewsAsia - 🏆 6. / 66 Consulte Mais informação »