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Sportswear brands face new crossroads as growth slows and consumer habits change

After several years of strong performance, the global sportswear and sporting goods industry is entering a period of tempered growth, with annual expansion projected to ease from 7 percent between 2021 and 2024 to 6 percent through 2029, according to McKinsey’s Sporting Goods 2025—The New Balancing Act report. This moderation — particularly...

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Prada Group: Net revenues up 17 percent in FY 2024

Prada Group to grow net revenues in 2024. The company, which owns the brands Prada and Miu Miu, Church's, Car Shoe, Marchesi 1824 and Luna Rossa, recorded net revenues of 5.4 billion euros, 17 percent compared to 2023, above the market average. Strategic capacity and product quality, despite the challenging sector, are the basis of growth, as...

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On Exceeds 2024 Expectations and Forecasts Further Growth

Swiss athletic footwear brand On Holding AG surpassed its own forecasts for the 2024 fiscal year. Given the positive results, which the sneaker specialist released on Tuesday, the company has also set ambitious targets for the current year. Asia-Pacific Revenues Soar by Nearly 85 Percent In the past fiscal year, sales amounted to 2.32 billion...

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Ace & Tate prepares for the future with new CEO

Eyewear brand and optical retailer Ace & Tate is taking the next step in its company story. Founder Mark de Lange is exchanging his position as CEO for that of Chief Brand Officer, making way for Lex van de Vliet. “At some point, a company needs a fresh perspective,” says De Lange in a joint interview with FashionUnited. Ace & Tate was founded...

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