Articles by Jan Schroder
Spinnova losses deepen in 2025, revenue drops 54 percent
Finnish textile technology company Spinnova Plc experienced a decline in revenue and higher losses in the 2025 financial year. The results were revealed in a business report published on Thursday. Revenue for the past year amounted to 344,000 euros (408,890 dollars). This represents a 54 percent decrease compared to 2024. The operating loss...
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Marimekko's 2025 financial results: sales up, net profit unchanged
Finnish textile group Marimekko Corporation (Marimekko) has concluded the 2025 financial year with a further increase in sales. However, profit stagnated compared to the previous year. This was revealed in a recent business report published by the company on Thursday, February 12, 2026. According to the report, sales last year reached 189.6...
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LuxExperience: Mytheresa remains growth engine
LuxExperience, the parent company of German luxury retailer Mytheresa, has reported strong sales growth for the second quarter of 2025/26 and confirmed that the integration of the Yoox Net-A-Porter (YNAP) platforms remains on schedule. During the three months ending December 31, 2025, the Mytheresa segment generated revenue of 242.70 million...
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Canada Goose increases quarterly sales by 14 percent, appoints new North America president
Canadian apparel provider Canada Goose Holdings Inc. significantly increased its sales in the third quarter of the 2025/26 financial year. This was largely due to significant growth in the US and China. Profit, however, fell short of the previous year's level. The Toronto-based down jacket specialist announced the latest results on Thursday,...
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Tapestry raises forecasts following record second-quarter results
US fashion group Tapestry Inc. exceeded expectations in the second quarter of the 2025/26 financial year, thanks to strong growth at its core brand Coach. In light of its recent strong performance, the group raised its forecasts on Thursday. In the three months to December 27, group revenue reached 2.50 billion dollars. This represented an...
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Lenzing acquires majority stake in TreeToTextile
Austrian fibre manufacturer Lenzing AG (Lenzing) is set to acquire a majority stake in the Swedish company TreeToTextile AB. In a statement, the group described the planned acquisition as a “further strategic milestone”. The company, founded in 2014, represents “the next major technological breakthrough in cellulosic fibre production”. Lenzing...
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Puma appoints Marwin Hoffmann to head new training business unit
German sportswear provider Puma SE announced on Monday the creation of a dedicated business unit for training. The new department will be based at the company's headquarters in Herzogenaurach, Germany. This move separates the category from the previous joint running and training business unit. According to a statement, Puma now aims to “fully...
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Capri Holdings exceeds Q3 expectations despite revenue decline
US fashion group Capri Holdings Limited experienced a decline in sales during the third quarter of the 2025/26 financial year. However, it successfully returned to profitability. The company's latest results, published on Tuesday, surpassed the expectations of both management and analysts. In the most recent quarter, which ended on December 27,...
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Diesel expands product range with first luggage collection
Italian fashion brand Diesel is expanding its product range. The label, part of the OTB group, announced on Thursday the launch of its first luggage collection, “Diesel Luggage”. According to Diesel, the new line was developed under the direction of creative director Glenn Martens in collaboration with Chinese accessories manufacturer Canton...
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H&M boosts annual profit despite sales decline
Swedish apparel group Hennes & Mauritz AB experienced a slight decline in sales for the 2024/25 fiscal year. This was primarily due to adverse market conditions and negative currency effects. However, the company improved its profit thanks to successful cost-saving measures. This was revealed in the latest annual report, which the parent company...
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