Fashion

Martin Winkler is Falke Group’s new CEO

Falke Group, known for its leg fashion brand Falke, announced Martin Winkler will become its new CEO, succeeding Uwe Bergheim, who will retire.

Marc O’Polo gets new CEO

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.

Multiple companies interested in Jimmy Choo

Luxury shoe brand Jimmy Choo is attracting several interested buyers, apparently including Michael KorsInterparfums and Hony Capital.

Puma increases profit forecast again

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.

C&A divest from Russia

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.

Zalando reveals Prime-like subscription service

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.

Björn Borg opens new flagship stores in Belgium and the Netherlands

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.

New owner for Havaianas

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.

Tiffany & Co appoints new CEO

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.

C&A suffers another loss in Belgium

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.

Disappointing profit numbers for Fast Retailing

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.

About You will launch this fall in the Netherlands and Belgium

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. 

Slight turnover increase for lingerie manufacturer Van de Velde

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.

Parisian clothing store Colette closes after twenty years

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.

Sports brand Champion to open flagship store in UK

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.

Higher turnover and lower profit for Levi Strauss

Jeans brand Levi Strauss’ second quarter turnover grew 6 %, but debt reshuffle costs did result in a lower net profit compared to last year.

Louis Vuitton cancels American pop-up stores

Fashion brand Louis Vuitton cancelled a few upcoming pop-up stores in the United States and Canada after issues at previous launches.

Chinese boost for Burberry

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.

Increasing number of clothing stores lure customers with food

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.

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