Debenhams Group has announced the appointment of Stefaan Vansteenkiste as the company’s new Chief Executive Officer. The company said that Terry Duddy, Chairman of Debenhams Group will step down from the board in September. Vansteenkiste replaces Sergio Bucher, who stepped down the position in April, […]

In the second quarter, currency-neutral revenues at Adidas Ag grew 4 percent, while revenues at brand Adidas were up 4 percent, driven by a high-single-digit increase in Sport Inspired. In euro terms, the company’s revenues grew 5 percent to 5.509 billion euros (6.18 billion dollars). Adidas said, net […]

Italian firm Tod’s S.p.A., for its first half of 2019, reported consolidated sales were 454.6 million euros (509.5 million dollars), down 4.7 percent from H1 2018. At constant exchange rates, the company said, sales would have been 449.8 million euros (504.2 million dollars). The company added that […]

ANALYSIS New York –British online fashion retailer Boohoo plc. announced earlier this week it had made an offer to buy “the online business of renowned British brands Karen Millen and Coast, together with all associated intellectual property rights.” Boohoo has bought the online business and all associated […]

Capri Holdings Limited’s total revenue of 1.346 billion dollars increased 11.9 percent in the first quarter compared to last year, while on a constant currency basis, total revenue increased 13.8 percent. The company said, net income was 45 million dollars or 30 cents per diluted share compared to 186 […]

Tailored Brands, Inc. has announced the appointment of three executives reporting to Carrie Ask, Brand President, Men’s Wearhouse and Moores, to drive and advance execution of the brands’ growth strategies. The company said, joining the team are Mary Ann McGrath as Senior Vice President and Chief Marketing […]

The Lenzing Group increased revenue by 1.2 percent in the first half of 2019 to 1.09 billion euros (1.22 billion dollars). The company said, share of specialty fibers in revenue, at 48.4 percent, significantly exceeded the prior-year value of 44.1 percent. Net profit for the period decreased by 15.9 […]

After confirming its interest in acquiring Karen Millen and Coast, online fashion retailer Boohoo Group plc has announced that it has completed an asset purchase agreement for both these British brands. The company said that the group has acquired the online business and all associated intellectual […]