Articles by Jan Schroder
LVMH appoints new heads for Kenzo and Fendi
French luxury goods group LVMH has made further leadership appointments. On Monday, the group announced the future CEOs of the fashion houses Kenzo and Fendi. The Louis Vuitton label also appointed a new head of its China business. Both CEOs come from within the company Charlotte Coupé has been appointed the new CEO of Kenzo. She will assume her...
People7 Apr 2025
CEO change at Puma: Arthur Hoeld Succeeds Arne Freundt in 2025
German sportswear company Puma SE and CEO Arne Freundt are parting ways. His successor has already been named. The current CEO and the Supervisory Board have “mutually agreed that Arne Freundt will step down as Chief Executive Officer effective April 11, 2025, and leave the company after 14 years in various leadership positions due to differing...
People3 Apr 2025
Kering Eyewear acquires Visard and joins Mistral
French luxury goods group Kering SA is investing in its eyewear division. On Thursday, the group announced corresponding agreements with two Italian eyewear manufacturers. According to the agreement, the subsidiary Kering Eyewear will acquire all shares in Visard Srl and a minority stake in Mistral Srl, founded as a spin-off from Visard in 1991....
BusinessMember3 Apr 2025
Ermenegildo Zegna Group: Annual profit falls by one-third
The Italian fashion group Ermenegildo Zegna NV experienced a significant decline in profit in fiscal year 2024. Higher investments and write-downs, in particular, impacted the results, the parent company of the Zegna, Thom Browne, and Tom Ford Fashion brands announced on Thursday. The group had already announced in January that it was able to...
BusinessMember27 Mar 2025
Mister Spex reports increased losses in 2024, implements restructuring program
Berlin-based eyewear retailer Mister Spex SE reported expected sales declines and increased losses for the 2024 fiscal year, according to the company's annual report released on Thursday. Management is now hoping for positive effects from the comprehensive restructuring program "SpexFocus," launched last August. Stable sales in Germany Revenue...
BusinessMember27 Mar 2025
Macy's appoints Daniel Leppo as head of merchandising for men's and children's clothing
US department store chain Macy’s has appointed a new executive to a key position. On Tuesday, the company announced the appointment of Daniel Leppo as Senior Vice President and General Merchandise Manager, Men’s and Kids’. In this role, he will lead the merchandising teams in both categories and report directly to Chief Merchandising Officer...
People25 Mar 2025
Temu parent company PDD Holdings increases annual sales by 59 percent
The publicly traded e-commerce group PDD Holdings Inc., which operates the online platforms Temu and Pinduoduo, significantly increased its revenue in fiscal year 2024. However, the growth rate in the fourth quarter was below the annual average, according to preliminary, unaudited figures released by the company on Thursday. According to the...
BusinessMember24 Mar 2025
Spinnova founder returns to CEO role
In light of recent turmoil, the Finnish textile technology company Spinnova Plc has appointed a familiar face as its new CEO. Founder Janne Poranen will return to leading operations with immediate effect, the company, which specialises in sustainable fibre production processes, announced on Thursday. Due to the current "extraordinary...
People21 Mar 2025
WHP Global plans acquisition of Guess
The US fashion company Guess Inc. could soon have a new majority owner. On Monday, the apparel retailer announced it had received a non-binding acquisition proposal from the US brand management firm WHP Global LLC. The prospective buyer, whose portfolio already includes brands like Vera Wang, G-Star, and Lotto, is offering 13.00 dollars (11.90...
BusinessFeaturedMember17 Mar 2025
Karl Lagerfeld parent G-III posts surprising sales and profit growth
US clothing group G-III Apparel Group Ltd. closed the 2024/25 financial year with surprisingly strong sales and profit growth. This is evident from the annual report that the parent company of fashion brands Donna Karan, DKNY, Karl Lagerfeld and Sonia Rykiel presented on Thursday. In the past fiscal year, which ended on January 31, the group's...
BusinessMember13 Mar 2025