Articles by Weixin Zha
Zalando's premium buyer on sleek kicks, chaotic individualization and volatile weather
loading... - Fashion
Fashion retailers are keeping a close watch on their sales leading to Christmas amid a sluggish consumer sentiment, at the same time many are already preparing for the AW25 buying season starting in January. What's going well at Zalando right now and what trends does the online retailer bet on for womenswear in 2025? Zalando's Commercial...
Inside the deal: Zalando and About You founders break down the takeover
loading... - Business
Two of the biggest online fashion retailers in Europe are joining forces. Berlin-based Zalando acquires German competitor About You for 1,1 billion euros. The surprising deal raises questions about synergies as the two companies seek to continue operating as independent brands. Here is what the CEO founders of both companies explained in calls...
New rules ahead: European fashion gears up for regulatory shifts
loading... - Business
Facing a wave of new rules by the European Union, the bloc’s fashion industry is gearing up to address its concerns. The next months will be crucial as legislators are starting to flesh out a set of green rules. In July, Ursula von der Leyen was re-elected as the President of the EU Commission. In her second term, the EU plans to implement a set...
Minimalism meets mass appeal: The rise of Swedish apparel chain Lager 157
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The Swedish fashion chain Lager 157 is expanding to Germany. The first store in Bremen is only intended to be the “springboard” for further expansion in Germany and Europe. In an interview, CEO Stefan Palm explains his expansion plans and the business model behind the success of Lager 157's wardrobe staples. Lager 157 has conquered Scandinavia...
New Yorker boss Friedrich Knapp has died
loading... - People
Friedrich Knapp, the founder of German retailer New Yorker, has died at the age of 73. "It is with great sadness that we say goodbye to our owner and managing partner, who made New Yorker one of the world's leading fashion companies through his courageous and visionary actions. Mr. Knapp was a family man and a thoroughbred entrepreneur who...
Stay or go? Career questions in a changing fashion world
loading... - News | Interview
The fashion industry has had a turbulent year. Some companies are struggling with insolvencies and declining revenues, while others are raising their forecasts and expanding. In uncertain times, some employees may also be questioning their career and future. Should you remain loyal to a company during a crisis, and when is it time to look for a...
Swiss department store Manor modernizes its fashion departments
loading... - Retail
Manor is modernising its fashion range. The new fashion concept will be gradually introduced in twelve department stores over the next three years. The largest Swiss department store group is investing 50 million Swiss francs in the renovation. The modernized departments at the Basel and Lausanne locations will start at the end of October. The...
Esprit: What does the future hold for the former billion-dollar brand?
loading... - Business | Background
The Esprit brand is being taken over in Europe by London-based investor Alteri and its fashion company CBR. What will happen to the once multi-billion dollar brand? Here is what we know and don't know. The Esprit we know no longer exists The business operations behind the Esprit brand in Ratingen are being dissolved, while stores are closing in...
Hugo Boss sells Russian business to Stockmann
loading... - Report
German fashion brand Hugo Boss has sold its business in Russia to its wholesale partner Stockmann. A purchase price was not disclosed, according to reporting news platform Reuters, however it is known that Russia requires foreign companies to sell assets at a discount of at least 50 percent. In its 2023 annual report, Hugo Boss valued the assets...
Hugo Boss sells Russian business to Stockmann
loading... - Report
Hugo Boss sells its business in Russia to its wholesale partner Stockmann. A purchase price was not disclosed, as the Reuters reported on Monday. However, it is known that Russia requires foreign companies to sell assets at a discount of at least 50 percent. In its 2023 annual report, Hugo Boss valued the assets for sale in Russia at 27 million...