Articles by Jan Schroder
Change of leadership at Lenzing: CEO Stephan Sielaff leaves at the end of August
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The Austrian fiber producer Lenzing AG will implement the management change announced in June at the end of the month. On Wednesday, the group announced that CEO Stephan Sielaff will "leave Lenzing AG by mutual agreement with the Supervisory Board at the end of August 2024." Rohit Aggarwal will then take over the CEO position on September 1....
Frasers Group increases stake in Hugo Boss
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British retail group Frasers Group Plc has once again increased its stake in the German fashion retailer Hugo Boss AG. The Frasers Group "exceeded the threshold of 10 percent of the voting rights attached to shares in Hugo Boss AG on July 17, 2024 and the threshold of 15 percent on July 22, 2024" and "currently directly holds over 15 percent of...
Steve Madden increases quarterly sales by almost 18 percent
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US fashion retailer Steve Madden has also closed the second quarter of the 2024 fiscal year with a significant increase in sales. The company was also able to improve its earnings. This is according to an interim report published by the parent company Steven Madden Ltd. on Wednesday. In the period from April to June, group sales amounted to...
JD Sports completes acquisition of Hibbett
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British retail group JD Sports Fashion Plc on Thursday completed the takeover of the US sporting goods supplier Hibbett Inc., which was announced in April . CEO Régis Schultz once again emphasized the importance of the transaction for JD Sports. "The completion of the acquisition of Hibbett is an important strategic milestone for us in North...
El Corte Inglés appoints Gastón Bottazzini as CEO
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The Spanish retail and services group El Corte Inglés has a CEO once again. On Friday, shareholders approved the appointment of Gastón Bottazzini as the new CEO at the annual general meeting. The position had been vacant since Víctor del Pozo resigned in spring 2022. Since then, general managers José María Folache and Santiago Bau had jointly...
Ermenegildo Zegna Group: Half-year sales grow by 6 percent
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Italian fashion group Ermenegildo Zegna NV was able to achieve an increase in sales in the first half of the 2024 financial year. However, the group owes the increase only to the takeover of Tom Ford Fashion, which was completed in April of last year . According to an interim report published on Thursday, group sales in the period from January...
Macy's promotes Keith Credendino to CIO
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US retail group Macy's has filled a key position in the promotion of Keith Credendino to chief information officer (CIO), a post he will take up from August 4. He succeeds Laura Miller, who is retiring. The CIO-designate joined Macy's in 2022 and has since served as senior vice president of technology product development, customer experience. In...
Inditex appoints Lucian Dorobantu as CEO of Pull & Bear
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Spanish clothing group Inditex announced on Wednesday a change in management at its Pull & Bear brand. José Pablo de Bado Rivas, the previous director of Pull & Bear, has decided to leave the company after more than 30 years, Inditex revealed. The group, which also owns the retail chains Zara, Bershka, Massimo Dutti and Stradivarius, thanked the...
OTB and Chalhoub Group establish joint venture for the Middle East
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Italian fashion group OTB SpA is planning to accelerate its expansion in the Middle East through a new partnership with Dubai-based retailer Chalhoub Group. Both companies announced on Friday that they had agreed to form a joint venture to "significantly expand" the presence of the OTB luxury brands Jil Sander, Maison Margiela and Marni in the...
Fielmann drives US expansion with acquisition of Shopko Optical
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German eyewear retailer Fielmann Group AG has outlined its intention to expand its presence in the US with an acquisition in the region. The group announced that its subsidiary Fielmann USA Inc. had signed an agreement with the financial investor Monarch Alternative Capital LP to acquire all shares in the retail chain Shoptikal Topco Inc (Shopko...