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Lenzing says restructuring, currency effects and slow economy to impact earnings

Adjusting its earnings forecast for the year, the Lenzing Group said, it now expects EBITDA to be around 250 million euros. The company added that restructuring expenses impacting the forecast, result from parts of the savings program that was initiated in the third quarter due to the deterioration in the market environment and the development...

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Fashion |In Pictures Featured

Osman debuts Tencel Luxe at London Fashion Week

Osman Yousefzada’s starting point for his spring/summer 2022 collection was asking himself, “what happened to last season’s clothes” as he moves towards creating clothes with a purpose beyond satisfying commercial demand. The result was what the designer calls a “journey into biodegradable clothing” and a capsule collection of 15 looks made from...

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