Bimba y Lola news and archive

Bimba y Lola ropes in José Manuel Martínez as its new CEO

The fashion firm Bimba y Lola has appointed ex-Esprit and Inditex executive José Manuel Martínez as the company’s new CEO, who will lead the new strategic plan 2018-2022, reports Spanish newspaper La Vanguardia. The strategy includes maintaining the brand’s growth momentum while expanding its international presence and strengthen the teams. The...

Report

Bimba y Lola CEO Nicolás Corral resigns

Bimba y Lola lose CEO Nicolás Corral has decided to leave the business after serving the company for six years, reports Modaes. The development takes place around the time when Bimba Y Lola is in the final stages of closing its sale to the British venture capital firm Permira. Corral, according to Spanish newspaper Expansión, has returned to...

Report

Bimba Y Lola seeking buyers to sell majority stake

Sisters María and Uxía Domínguez are once again exploring possibilities of finding a buyer to sell a 70 percent stake in the company to expand their international presence, reports El Independiente. The report adds that the company also roped in Morgan Stanley in September last year to find a buyer and now the investment bank has distributed the...

Management

Bimba y Lola’s turnover advances 24 in H1FY17

The Spanish fashion chain has enjoyed a first half-year of growth, increasing its turnover by 24 percent from January, 1 August, 31. The company has acknowledged the strong performance over the 6-month period, highlighting that they have registered “a significant increase in sales in all markets." Growth has been widespread, with comparable...

Report

Bimba y Lola reports 60 percent growth in UK sales

Spanish fashion retailer Bimba y Lola has reported growth in all markets in both sales and profits with the release of its audited results from its last fiscal year closing on February 28, 2017, with annual sales hitting 152.4 million euros. The fashion retailer notes a sales growth of 32 percent, adding that its global growth has been supported...