Current fashion brand Marc O’Polo CEO, Alexander Gedat, will step down on 31 August and Dieter Holzer will succeed him. He has plenty of experience as a leading figure in the fashion industry.
For the second time this fiscal year, German sports brand Puma increased its profit forecast. A strong first quarter prompted the first adjustment and this second quarter was also above expectations apparently.
Textile chain C&A will fully divest from Russia. It currently collaborates with Russian Trade Group to manage its local store network, but it has pulled the plug on that deal. Mexx has also decided to shut down every Russian store.
In the second quarter of 2017, web shop Zalando’s turnover did not grow as much as it did in previous quarters, according to the company’s preliminary results. Zalando also announced a new subscription service.
Swedish Björn Borg will open new flagship stores in Belgium and the Netherlands sometime this year. It is the next step in its expansion plan after having opened new stores in Bruges, Haarlem and Zwolle.
Brazilian Alpargatas, known for its famous Havaianas slippers, has a new owner. Investment firm J&F Investimentos sold its majority stake to three Brazilian banks.
Jewelry chain Tiffany & Co appointed Alessandro Bogliolo as its new CEO, succeeding Frederic Cumenal who left the company five months ago. However, Bogliolo will only take over on 2 October.
In 2016, clothing chain C&A once again suffered a blow in Belgium. The Dutch company suffered a turnover drop, but also had to deal with a loss for the second straight year.
Fast Retailing, which owns Japanese fashion company Uniqlo, published very disappointing third quarter profit results. Turnover grew nearly 9 % but its profit failed to meet analysts’ expectations.
The German online fashion platform About You, with retail group Otto as one of its investors,will officially launch in the Netherlands and Belgium this fall. The platform will sell a range of well-known fashion brands.
Lingerie manufacturer Van de Velde seems to have gotten back on track in the first half of its current fiscal year. Following a difficult 2016, turnover grew more than 1 % in the first half of this year.
Famous Parisian concept store Colette has decided to close on 20 December, after twenty years in the business. The owner has decided she is too old to stay in the fierce fashion business.
American sports brand Champion is set to open its first flagship store in the United Kingdom soon. The chosen location is Brewer Street in London, on a 1222 sqm surface.
British fashion brand Burberry’s first quarter turnover grew 3 % mainly thanks to a Chinese sales surge. It launched a new campaign on WeChat there, which helped boost its online sales.
An increasing number of clothing stores have found a new way to lure in customers: they offer drinks or even entire meals. One Mannheim-based fashion store even houses a two-star restaurant.
