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Management
Lands’ End Q4 and FY23 revenues decline
Lands’ End reported fourth quarter net revenue decreased 2.8 percent to 514.9 million dollars compared to the fourth quarter of fiscal 2022. For the fiscal year 2023, the company’s net revenue decreased 5.3 percent to 1.47 million dollars. Commenting on the results, Andrew McLean, the company’s CEO, stated: “We pursued our solutions-based...
Management
OTB acquires majority stake in Calzaturificio Stephen
Luxury fashion group OTB has acquired a majority stake in Italian footwear manufacturer Calzaturificio Stephen, a long-standing OTB supplier that has provided luxury footwear for the Group brands. The acquisition is part of the OTB’s long-term strategy to acquire high-profile know-how and production capacity in product categories of “strategic...