Articles by Jan Schroder
Bestseller Group boosts annual turnover and profit for 50th anniversary
Danish clothing retailer Bestseller A/S can look back on a successful financial year for its 50th anniversary. “This was a special year for us. We are celebrating a milestone that none of us could have imagined when the first shop was opened in 1975,” explained owner and CEO Anders Holch Povlsen in a statement on the announcement of the latest...
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Puma appoints Thomas John as head of people and organisation
German sportswear provider Puma SE has filled a key position. On Tuesday, the company announced the appointment of Thomas John as vice president of people and organisation. He succeeds Dietmar Knoess, who has decided to “take on new challenges outside the company,” Puma stated. John will assume his new post on October 16. In his future role, the...
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Dieter Holzer appointed new CEO of Closed following acquisition
It was announced a few days ago that the insolvent Hamburg-based fashion company Closed has found new owners. During a press conference on Monday, the parties involved revealed initial details about the brand's future. The purchase price, however, was not disclosed. Dieter Holzer will take over the management of the company as CEO and...
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Successful investor search: insolvent fashion brand Closed has new owners
The insolvent German fashion brand Closed has been saved for now. On Thursday, the company announced the successful conclusion of its investor search, which began almost two months ago. The new owners of Closed are the Böck entrepreneurial family and experienced fashion manager Dieter Holzer. The Böck family owns the clothing company Marc O’Polo...
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Brunello Cucinelli: double-digit revenue growth continues in third quarter
Italian fashion house Brunello Cucinelli SpA continued its growth trajectory in the third quarter of the current 2025 financial year. According to a trading update released on Wednesday evening, revenue for the period from July to September amounted to 335.5 million euros. This represents an increase of 12 percent compared to the same quarter...
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Mondottica named new eyewear partner for Palm Angels
British eyewear manufacturer Mondottica Limited is the new eyewear partner of Italian sportswear brand Palm Angels. The first eyewear collection from the collaboration for the spring/summer 2026 season was presented to select retail partners at the Silmo trade fair in Paris in recent days. It includes 20 sunglass models and 18 optical frames and...
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Pandora announces leadership change: Berta de Pablos-Barbier to succeed Alexander Lacik
Danish jewellery retailer Pandora A/S is appointing a new CEO. On Tuesday, the retailer announced that CEO and president Alexander Lacik, who has led the group since 2019, will step down during the upcoming annual general meeting on March 11, 2026. His successor has already been found internally. According to the group, chief marketing officer...
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Asos: annual sales miss expectations
British clothing retailer Asos Plc did not quite meet sales expectations for the 2024/25 financial year. This was announced in a trading update published by the company on Tuesday. In the past financial year, revenue was “slightly below market expectations”, the retailer admitted, without providing specific figures. The gross merchandise value...
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Lenzing to cut approximately 600 jobs at its headquarters
Austrian fibre producer Lenzing AG has further intensified its cost-saving programme. The new measures will affect numerous jobs at the headquarters in Lenzing, Austria. “Approximately 300 jobs will be cut, particularly in the administrative sector, with 250 of these to be eliminated by the end of 2025. The aim is to make Lenzing's...
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Takko reports improved earnings in H1 despite sales decline
German clothing discounter Takko Fashion experienced a slight decline in sales in the first half of the 2025/26 financial year. However, its adjusted operating result was higher than in the same period of the previous year. According to a statement released on Monday, the retailer has recently made “significant progress in implementing its...
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