Articles by Jan Schroder
VF Corporation's turnaround: Lower costs offset sales decline
The US apparel group VF Corporation experienced a decline in turnover in the 2024/25 financial year. At the same time, the parent company of brands such as The North Face, Vans and Timberland was able to significantly reduce its loss thanks to extensive cost-cutting measures. This is according to current results presented by the company on...
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Kering issues new 750 million euro bond
The French luxury group Kering SA has obtained fresh capital by means of a new bond. The bond, with a volume of 750 million euros, has a term of four and a half years and an interest rate of 3.125 percent, the parent company of fashion houses such as Gucci, Saint Laurent, Bottega Veneta and Balenciaga announced on Tuesday. The issue took place...
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Roberto Cavalli secures new licensing partnership for childrenswear
Italian fashion house Roberto Cavalli has announced a new licensing partner for childrenswear on Thursday. According to a press release, the Italian textile group Arav Group will take responsibility for the production and distribution the collections of the Roberto Cavalli Junior and Just Cavalli Junior lines. The creative direction of the two...
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Lenzing back in the black in first quarter
Austrian fibre manufacturer Lenzing AG started fiscal year 2025 with increased sales, despite difficult market conditions. The company also benefited in the first quarter from the effects of its extensive cost-cutting measures and was able to return to profitability. According to a statement released on Thursday, group sales for the period from...
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Before takeover by Zalando: About You increases annual sales and reduces loss
Hamburg-based online fashion retailer About You Holding SE presented its results for the financial year 2024/25, shortly before its planned takeover by competitor Zalando. On Thursday, the e-commerce specialist announced that it had met its forecasts with an increase in sales and progress in earnings. In the past financial year, which ended at...
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Puma reports profit slump in first quarter
German sportswear provider Puma SE experienced declines in revenue and earnings in the first quarter of the 2025 financial year. The sobering figures, which the company released on Thursday, were not surprising. In mid-March, Puma had already warned of weak business performance in the first weeks of the year and shortly afterwards announced the...
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Tory Burch reallocates responsibility for key markets
The US fashion company Tory Burch LLC has reorganised its leadership team for international business. Thibault Villet now heads the team, having been promoted to president, international director for APAC, Japan and EUME. Villet joined Tory Burch at the end of 2020 as president of APAC, heading operations in the Asia-Pacific region. In 2023, his...
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After solid start to quarter, Kontoor Brands updates annual forecasts
The US apparel company Kontoor Brands Inc. kept its revenue largely stable in the first quarter of fiscal year 2025. However, negative special effects weighed on profits. In addition to the current figures, the parent company of denim brands Wrangler and Lee also presented updated annual forecasts on Tuesday. These now also take into account the...
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Difficult market conditions: Hugo Boss reports decline in sales and profit in first quarter
The Metzingen-based fashion group Hugo Boss AG felt the impact of the current adverse market conditions in the first quarter of the 2025 financial year. On Tuesday, the company announced declines in sales and earnings. However, the clothing supplier maintained its annual forecasts. “Following a successful final quarter in 2024, our business...
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Zalando remains on growth path in first quarter
The Berlin-based online fashion retailer Zalando SE concluded the first quarter of the 2025 financial year with a solid increase in sales and significantly improved its earnings. The latest results, which the company presented on Tuesday, were not surprising. Analysts had recently expected that the e-commerce specialist would continue its growth...
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