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Mexico central bank top official leaves for BIS

Bloomberg Banco de Mexico’s top markets official is leaving for the Bank for International Settlements after more than two decades at the central bank, according to people familiar with the plans. Jaime Cortina, director general of operations and payment systems, plans to leave in the coming weeks, according to five people who asked not to be named because the decision ...

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Wrangler heads to China as Kontoor starts post-VF plans

Bloomberg Kontoor Brands Inc, whose Lee line is already the biggest denim brand in China, plans to bring its other big American jeans name to the world’s largest consumer market within a year. “In January 2020, we are introducing Wrangler to the Chinese market because there’s an appetite,” Chief Executive Officer Scott Baxter said in an interview on Bloomberg Television. ...

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Zara owner elevates insider to CEO for e-commerce push

Bloomberg Zara owner Inditex SA promoted Carlos Crespo to chief executive officer, naming an insider to spearhead the fast-fashion giant’s push into e-commerce. Crespo, 48, who is currently chief operating officer of the world’s largest apparel retailer, will report to Executive Chairman Pablo Isla, 55, who’s yielding the CEO position. The new chief will be responsible for technology, procurement and ...

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