United Colors of Benetton plans to develop its own social platform, The Drum has learned, as the fashion retail brand opened a new concept store in the heart of Milan. The "One Canvas" concept store has been created as part of Benetton's plans to drive a new brand strategy that will evoke its "Italian essence" with "comfortable, functional and dynamic" clothing. The concept store has been divided across several collections using canvas "walls," which can be easily remodeled when necessary to suit new fashion lines.

Prada SpA, the Italian maker of $2,200 cobalt blue totes, reported a 29 percent increase in full-year sales, led by demand in Europe and Asia. Revenue climbed to 3.3 billion euros ($4.4 billion) in the 12 months through January, the Milan-based company...

As opportunities for store growth in the U.S. have dwindled, many retailers have set their sights overseas. But the latest headlines featuring teen apparel retailer Abercrombie & Fitch prove that in today’s precarious environment, even that strategy is no guarantee of success. Hit hard during the recession, Abercrombie & Fitch made plans to close 15 percent of its U.S. stores and concentrate on Europe as its next expansion stage. 

/PRNewswire/ -- Brooks Brothers Group, Inc. today announced the appointment of Matteo Del Vecchio to the position of Vice President, Strategy and Corporate Development. In this newly created position, Mr. Del Vecchio will be responsible for leading specific business development projects across a variety of areas including finance, technology, wholesale and manufacturing. He will also be responsible for evaluating internal and external strategic growth opportunities. "Matteo brings a wealth of experience to this position," said Diane Ellis, President & COO of Brooks Brothers. "His background in business development will benefit us tremendously as we position the company for significant

QVC announced the promotion of Steve Hofmann to CEO of QVC Europe, reporting to QVC President and CEO Mike George. In the newly created position, Hofmann will oversee QVC's European markets, including the United Kingdom, Germany and Italy, and accelerate growth opportunities throughout Europe. He maintains his current responsibility as CEO of QVC Italy and will continue to be based in Milan. Also announced were the promotions of Gregg Bertoni to chief merchandising officer, QVC Italy, and Paolo Penati to COO and CFO, QVC Italy. 

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