Articles by Jan Schroder
Despite return to profitability: Sosandar misses annual forecasts
British clothing provider Sosandar Plc experienced significant sales losses in financial year 2024/25, but was able to return to pre-tax profit. This is according to preliminary key figures published by the company on Wednesday. However, the results fell short of previous expectations, causing the share price to plummet by almost 15 percent...
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Jack Wolfskin acquired by Anta Sports for 260 million euros
German outdoor outfitter Jack Wolfskin is getting a new owner. The US-based group Topgolf Callaway Brands Corp. announced on Thursday that it intends to sell the brand to the Chinese sporting goods group Anta Sports Products Limited. A corresponding agreement has already been signed for a basic purchase price of 290 million dollars, which could...
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Inspecs Group reports sales decline and higher loss
British eyewear group Inspecs Group plc faced a decline in sales and a significantly higher loss in fiscal year 2024. CEO Richard Peck attributed the results, published on Thursday, to generally weaker customer demand. In light of the "difficult macroeconomic conditions," he stated that the company had demonstrated "resilience" and made...
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Wolford executive board member Ralf Polito extends stay
Austrian apparel company Wolford AG is emphasising continuity in its leadership team. The Management Board mandate of chief operating officer (COO) Ralf Polito has been extended until December 31, 2025, the company, which belongs to the Chinese fashion group Lanvin Group, announced in an ad-hoc release on Thursday. Polito will thus continue to...
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Following strong first-half growth: Uniqlo parent Fast Retailing raises profit forecast
Japanese retail group Fast Retailing Co. Ltd. concluded the first half of its 2024/25 fiscal year with record sales and earnings. Given the recent surprisingly positive performance, the parent company of the Uniqlo clothing chain raised its full-year profit forecast on Thursday. In the first half, which ended on February 28, consolidated revenue...
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LVMH appoints new heads for Kenzo and Fendi
French luxury goods group LVMH has made further leadership appointments. On Monday, the group announced the future CEOs of the fashion houses Kenzo and Fendi. The Louis Vuitton label also appointed a new head of its China business. Both CEOs come from within the company Charlotte Coupé has been appointed the new CEO of Kenzo. She will assume her...
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CEO change at Puma: Arthur Hoeld Succeeds Arne Freundt in 2025
German sportswear company Puma SE and CEO Arne Freundt are parting ways. His successor has already been named. The current CEO and the Supervisory Board have “mutually agreed that Arne Freundt will step down as Chief Executive Officer effective April 11, 2025, and leave the company after 14 years in various leadership positions due to differing...
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Kering Eyewear acquires Visard and joins Mistral
French luxury goods group Kering SA is investing in its eyewear division. On Thursday, the group announced corresponding agreements with two Italian eyewear manufacturers. According to the agreement, the subsidiary Kering Eyewear will acquire all shares in Visard Srl and a minority stake in Mistral Srl, founded as a spin-off from Visard in 1991....
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Ermenegildo Zegna Group: Annual profit falls by one-third
The Italian fashion group Ermenegildo Zegna NV experienced a significant decline in profit in fiscal year 2024. Higher investments and write-downs, in particular, impacted the results, the parent company of the Zegna, Thom Browne, and Tom Ford Fashion brands announced on Thursday. The group had already announced in January that it was able to...
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Mister Spex reports increased losses in 2024, implements restructuring program
Berlin-based eyewear retailer Mister Spex SE reported expected sales declines and increased losses for the 2024 fiscal year, according to the company's annual report released on Thursday. Management is now hoping for positive effects from the comprehensive restructuring program "SpexFocus," launched last August. Stable sales in Germany Revenue...
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