Articles by DPA
Hugo Boss recommends rejecting Frasers Group's takeover bid
Fashion group Hugo Boss considers the takeover bid from major shareholder Frasers Group to be inadequate. “The offer price of 38.00 euros per share does not adequately reflect the standalone value and future value creation potential of Hugo Boss,” the company announced on Thursday. The offer has been subjected to an independent review process....
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Trump wants to suspend trade with Spain
Ankara - US president Trump wants to end all trade with Spain. At a press conference during the NATO summit in Ankara, Trump said: “I don’t want to continue trading with them”. Similar to last year's NATO summit, Trump was deeply annoyed with the position of NATO partner Spain. “Spain is a terrible partner in NATO. They don’t participate, they...
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Giorgio Armani's life to be made into a film – director on board
Ten months after the death of Giorgio Armani, a director has been found for a biopic about the life of the Italian fashion designer. Danish filmmaker Bille August, 77, known for “The House of the Spirits”, is set to direct “Armani: The King of Fashion”, as reported by industry publications Hollywood Reporter and Deadline. Film producer Andrea...
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AB Foods: Primark hit by weak consumer sentiment
Value fashion chain Primark, which is set to be spun off, has recorded a decline in sales in its third quarter. Like-for-like sales fell by 2.2 percent in the three months to June 20, parent company AB Foods announced on Wednesday. Primark was affected by the challenging consumer environment. The British conglomerate, which also operates in the...
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Nike sees consumers under pressure worldwide
US sportswear group Nike Inc. sees a gloomy mood in the sportswear market overall, despite a business boost from the World Cup. “Our customers are under pressure around the world, and that is being felt in the sportswear business,” said chief financial officer Matthew Friend during a conference call with analysts. Three months ago, Nike had...
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France passes advertising ban on ultra-fast fashion
Advertising for fast fashion platforms such as Shein, Temu and Aliexpress will soon be banned in France. The Senate, the second chamber of parliament, has approved a law aimed at curbing ultra-fast fashion. The law specifically provides for an advertising ban from the start of the new year. Influencers will also be prohibited from advertising,...
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Frasers Group stands firm on Hugo Boss takeover bid
In the takeover bid for Hugo Boss, major shareholder Frasers Group will not increase its offer. The company announced this in London. The British company has been attempting to take the helm of the German brand since mid-June through a voluntary public offer. It is offering 38 euros per share. Frasers is a retail conglomerate backed by...
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Fashion retailer H&M disappoints again in second quarter
Fashion group H&M continued to feel the effects of a weak consumer climate in its second fiscal quarter. In the three months to the end of May, sales fell by 3 percent to 54.8 billion Swedish kronor, the company announced on Thursday. Analysts, however, had expected a smaller decline in revenue. The business was also impacted again by negative...
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Puma shares slump as sales development worries analysts
Puma shares accelerated their decline on Tuesday, at times falling as sharply as they did in January. The drop is thought to have been triggered by subdued analyst comments on second-quarter sales following discussions with management. The sporting goods manufacturer's shares were last down 7.5 percent at 26.02 euros, placing them second to last...
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Pyjamas as daywear: fashion has never been more comfortable
The comfort trend in fashion has reached a new peak. Garments styled like pyjamas and nightgowns are now in vogue with the wider public. This might seem surprising at first glance. However, there are several good reasons for this development. Too stylish for bed Visually, it makes sense not to hide some pyjama styles in a dark bedroom. They are,...
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