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Next Q1 sales increase, maintains profit outlook

In the first quarter, full price sales at Next were up 5.7 percent versus last year, slightly ahead of the previous outlook of an increase of 5 percent. Maintaining its sales and profit guidance for the full year, the company said in a statement that it continues to expect group profit before tax to be 960 million pounds, up 4.6 percent and...

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Wolverine Worldwide promotes Dave Latchana to chief legal officer

Wolverine Worldwide has appointed Dave Latchana as chief legal officer and corporate secretary, with oversight of the company’s legal, compliance, corporate communications, risk management, ESG and security and loss prevention functions. Latchana, the company said, has been at Wolverine Worldwide for nearly 16 years, joining Wolverine Worlwide...

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Rocky Brands posts Q1 profit, sales increase 2.2 percent

Rocky Brands net sales increased 2.2 percent to 112.9 million dollars in the first quarter and increased 7.6 percent excluding Servus brand net sales from the year ago period. The company said in a release that operating income increased 92.1 percent to 8 million dollars or 76.4 percent to 8.7 million dollars on an adjusted basis. Net income was...

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Vince Holding is back in the black during 'transformation year'

US clothing supplier Vince Holding Corp. has returned to profitability in the 2023/24 financial year despite a significant drop in sales. The group "took the right steps" in a "year of transformation", explained interim CEO David Stefko in a statement published on Tuesday. The company had indeed made drastic changes to its business model: the...

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Frasers Group buys back part of Matches' intellectual property

Frasers Group has acquired part of the intellectual property of Matches Fashion Limited, according to a statement from the Sports Direct owner. The deal is notable because earlier this year Frasers placed Matches in receivership and closed the doors of the e-tailer. The press release stressed that only part of the intellectual property has been...

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Global Fashion Group: Q1 revenue declines by 19 percent

Global Fashion Group’s (GFG) first quarter net merchandise value decreased 16.5 percent to 238.8 million euros, while revenue decreased 18.8 percent to 152.7 million euros. Commenting on the first quarter trading performance, Christoph Barchewitz, CEO of GFG, said in a statement: "We are progressing our strategy with our platform transition and...

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Gymshark names Kim Dolder as its first GM for North America

Gymshark has appointed Kim Dolder to the newly created role of general manager, North America. Dolder, the company said, is the latest in a series of senior appointments at Gymshark, following Mat Dunn joining from Asos as chief financial officer, Carly Natalizia joining from The Very Group as chief digital officer and Laurent Madeleine joining...

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Redical hires leasing directors for Victoria Leeds and Liberty Romford

Redical, the real estate owner and operator launched by Mikko Syrjanen and Petteri Barman, has made two key appointments to its senior leadership team. Syrjanen and Barman are also co-founders of Aalto Invest and former co-heads of real assets and members of global executive committee at Man Group. Redical, which owns and operates Victoria...

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Puig prepares to go public, setting share price at 24,50 euros

Spanish fragrance and fashion conglomerate Puig is poised to debut on the stock market this Friday, marking one of the most highly anticipated IPOs of the quarter. The company, which owns prominent brands like Dries Van Noten, Byredo, and Charlotte Tilbury, seeks to raise 2.6 billion euros, with a share price guidance of 24.50 euros per share,...

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Ferragamo confirms Marco Gobbetti as CEO

Marco Gobbetti will retain his position at Salvatore Ferragamo for another two-year term, until 2026. The newly elected board of directors has also confirmed Gobbetti's role as general manager and CEO, currently holding 134,766 shares in the company listed on Euronext Milan, reported Pambianco News. The company also confirmed Leonardo Ferragamo...

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Second-hand fashion marketplace Vinted swings to profit

Vinted delivered revenue growth of 61 percent in 2023, with double digit profitability. The company said in a statement that this second-hand fashion marketplace in Europe, posted 596.3 million euros in revenue, adjusted EBITDA of 76.6 million euros, and net profit of 17.8 million euros versus a net loss in 2022 of 20.4 million euros. Commenting...

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French retailer Printemps names David Herrenschmidt as COO

The Printemps Group has appointed David Herrenschmidt as chief operations officer. In this role, the company said in a release, Herrenschmidt is in charge of information systems, logistics, store operations and security. “In a world where supply chain and information system efficiency are major challenges for performance in the omnichannel...