Articles by DPA
Zalando to close Erfurt site in Germany impacting 2,700 employees
German online fashion retailer Zalando is closing its logistics centre in Erfurt at the end of September, employing 2,700 people. The Berlin-based, Dax-listed company made the announcement. Employees are currently being informed of the plans. According to the company, the reason is a realignment of its Europe-wide logistics network following the...
Business|Updated Memberloading...
Footwear brand Gabor has a new owner: Arklyz
Swiss investor Arklyz has acquired the German footwear brand Gabor. The company, based in Stans on Lake Lucerne, did not disclose the purchase price. According to the announcement, all regulatory approvals have been received. Gabor, previously owned by its founding family, is primarily known for its womenswear shoes. The company is now 100...
BusinessMemberloading...
Hugo Boss expects business recovery only in 2027
Shareholders of fashion group Hugo Boss will need to remain patient as the company continues to navigate a challenging market environment. After feeling the impact of weak consumer sentiment in recent months, Hugo Boss has signaled that 2026 will serve as a transition year, with significant adjustments planned across its assortment and...
BusinessFeaturedMemberloading...
Hugo Boss defends supervisory chair after Frasers Group pulls backing
The chairman of the supervisory board at Hugo Boss has lost the backing of the fashion group’s largest shareholder, Frasers Group, intensifying tensions at the top of the German luxury apparel company. In a mandatory announcement published late Friday, Frasers Group said it no longer supports Stephan Sturm in his role as supervisory board chair....
Business|Updated Memberloading...
Takeover speculation sparks share price surge at Puma
Takeover rumors helped Puma shares achieve a spectacular price jump on Thursday once again. The share price, which has been disappointing in the stock market year 2025 so far, shot up by more than 17 percent to just under 20 euros. The gain recently stood at 15 percent. The Chinese group Anta Sports Products Limited (Anta Sports) is considering...
BusinessMemberloading...
25 new stores in 2026: Decathlon continues German expansion
French sporting goods retailer Decathlon is driving forward its expansion in Germany. Around 25 new stores are set to open next year. Decathlon announced this on the occasion of the opening of its 100th store in Nuremberg city centre. New stores will open in 2026 in Lüdenscheid, Oberhausen, Schwetzingen, Saarbrücken and Trier. The company has...
Retailloading...
France inspects 200,000 Shein parcels at airport
France is conducting a massive inspection of 200,000 parcels from the low-cost online platform Shein at a Paris airport. The inspection is being carried out by customs and the authority for competition, consumer protection and fraud prevention. “This operation, of an exceptional scale, aims to verify product compliance, the accuracy of the...
BusinessMemberloading...
France suspends operations of online platform Shein
France has temporarily suspended the operations of the low-cost online platform Shein. At the direction of prime minister Sébastien Lecornu, the government has initiated proceedings to suspend Shein's site until the platform can demonstrate to the authorities that all its content complies with French laws and regulations, the Ministry of Economy...
BusinessMemberloading...
AB Foods considers separating Primark and food business
British conglomerate AB Foods is considering separating its textile discounter Primark and its food business as part of a corporate restructuring. “Within ABF, the company has two great business divisions,” said chief executive George Weston, the grandson of the company's founder, at the presentation of annual figures on Tuesday. He noted that...
BusinessMemberloading...
US government suspends additional tariffs on China until end of 2026
The US will not implement its threatened retaliatory tariffs on Chinese imports until at least November 10, 2026. This is according to a White House summary of the results of the meeting between US president Donald Trump and Chinese president Xi Jinping in South Korea. The current retaliatory tariff of 10 percent will remain in effect, the US...
BusinessMemberloading...