Latest Articles in Report

Renewcell sells Kristinehamm plant to Biosorbe

As part of its ongoing bankruptcy proceedings, Renewcell has now announced the sale of its Kristinehamm plant to biomaterial company, Biosorbe. The news follows reports from earlier this year that bankrupt Renewcell had multiple bids for its assets, yet the who and what of these bids remained unclear at the time. It now appears, however, that at...

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Golden Goose reports strong quarterly growth driven by DTC

First quarter revenues at Golden Goose Group of 148 million euros, increased 12 percent at constant exchange and 11 percent on a reported basis. Net revenues in DTC were 106 million euros, up 20 percent at constant exchange and 18 percent on a reported basis. The company’s adjusted EBITDA of 54 million euros, rose 17 percent and adjusted EBIT of...

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Lower revenues from Greater China impacts Tod’s Q1

Tod’s turnover reached 252.3 million euros, down 6.7 percent in the first quarter with the strong impact of currencies and China weakness weighing on the results. The company said in a statement that Tod's and Roger Vivier were visibly affected by the weakness of the Chinese market. However, all brands performed well in the European and American...

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Mytheresa's Q3 net sales grow by 17.6 percent

Mytheresa’s third quarter net sales increased 17.6 percent to 233.9 million euros and GMV rose 14.7 percent to 252.2 million euros. The company reported gross profit growth of 12 percent to 101.6 million euros with 43.4 percent gross profit margin and improved Adjusted EBITDA margin to 3.9 percent compared to the same period last year....

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VF Corporation is mulling a sale of streetwear brand Supreme

In less than four years since its acquisition, VF Corporation is reportedly mulling a sale of its streetwear brand Supreme. Back in December 2020, the group bought the New York skater brand, valuing it at 2.1 million dollars, making it one of the largest fashion transactions of the year. According to WWD, VF Corp is considering divesting Supreme...

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Esprit Europe files for bankruptcy

Esprit Europe and six other companies of the fashion group have filed for insolvency in self-administration with the Düsseldorf Local Court. The company said in a statement that the Munich law firm Gerloff Liebler Rechtsanwälte, which has carried out restructuring of Escada, Gerry Weber, Adler Modemärkte, Hallhuber, Laurèl and Tennis-Point among...

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Zalando appoints new general manager for sports

European fashion and lifestyle e-tailer Zalando has appointed Nina Graf-Vlachy as its new general manager for sports to support the expansion of its sports lifestyle proposition. Graf-Vlachy, who was with sportswear brand Puma for over a decade and served as their managing director of central Europe, will start at Zalando in August and report to...

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John Lewis names Rachel Morgans as new director of fashion

John Lewis has appointed Rachel Morgans as its new director of fashion. Currently working as creative consultant to brands in the UK and US, the company said Morgans will join the team in June 2024. Under the guidance of Kathleen Mitchell, John Lewis' commercial director, Morgans will focus on further developing the company’s curated range of...

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WHP Global and Tailored Brands renew licensing partnership for Joseph Abboud

WHP Global and menswear retailer Tailored Brands have extended their licensing partnership for the Joseph Abboud brand. Under the extended long-term agreement, the company said in a release, Tailored Brands will continue to design, manufacture, market, and sell Joseph Abboud branded tailored clothing and sportswear in the United States and...

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J.Jill initiates quarterly dividend, raises Q1 outlook

For the first quarter of fiscal 2024, J.Jill expects net sales of about 160 million dollars, an increase of 7 percent and adjusted EBITDA of approximately 33 million dollars to 34 million dollars. The company’s board of directors declared an initial quarterly cash dividend of 7 cents per share payable on June 12, 2024, to all stockholders of...

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On records strong first quarter sales and profit growth

For its first quarter, On Holding’s net sales increased by 20.9 percent to 508.2 million Swiss francs or by 29.2 percent on a constant currency basis. Net sales through the direct-to-consumer sales channel increased by 39 percent to 190.5 million Swiss francs or by 48.7 percent on constant currency basis; while wholesale net sales increased by...

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Chinese tech giant Alibaba posts 8 percent rise in revenue for past fiscal year

Chinese e-commerce giant Alibaba announced Tuesday a modest increase in annual revenue, as the firm pursues a major overhaul and regulatory curbs on the country's tech sector are relaxed. The Hangzhou-based company is one of the biggest players in China's tech industry, with operations spanning retail, digital payment, artificial intelligence...