Articles by Jan Schroder
Puma appoints former Adidas manager Andreas Hubert as COO
The German sportswear company Puma SE is expanding its management board. On Thursday, the company announced the appointment of Andreas Hubert as chief operating officer (COO). The 49-year-old will assume the newly created position on September 1. With Hubert's arrival, the group's management board will expand from four to five members. In his...
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Ermenegildo Zegna group: Sales decline continues in second quarter
The Italian fashion group Ermenegildo Zegna NV (Zegna) saw a decline in sales in the second quarter of the 2025 financial year. This was mainly due to the continued weakness in demand in China. Losses in Europe also contributed to the decline. According to preliminary figures published by the company on Wednesday, group sales amounted to 468.9...
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VF Corporation surpasses expectations in Q1
US clothing group VF Corporation exceeded its own expectations in the first quarter (Q1) of the 2025/26 financial year. The parent company of brands such as The North Face, Vans and Timberland reported on Wednesday that it had stabilised revenue and significantly reduced its losses. In the opening quarter, which ended in June, group revenue from...
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Adidas Q2 2025 profit surges, sales impacted by currency exchange
German sportswear provider Adidas AG continued its growth trajectory in the second quarter of the 2025 financial year. On Wednesday, the group announced an unexpectedly significant increase in profits. However, sales performance was impacted by negative currency effects. Negative currency effects impact sales performance In the months from April...
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Temu joins INTA to combat counterfeiting
China-based online marketplace Temu has joined another international organisation committed to fighting counterfeiting. On Monday, the e-commerce specialist announced that it had joined the International Trademark Association (INTA) as a corporate member. Temu stated it would also be involved in the Anti-Counterfeiting Committee. “With this...
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Arena appoints former Olympic swimmer Mark Pinger as CBO
Italian swimwear specialist Arena SpA has appointed Mark Pinger as its new chief brand officer (CBO). The former German Olympic swimmer, who has managed Arena's US business as general manager since 2016, will assume his new role on 1 October. The company announced the news on Thursday. As CBO, Pinger will join the company's executive leadership...
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Calida H1 sales dip, profit rises due to Lafuma Mobilier sale
The Swiss lingerie group Calida Holding AG (Calida Group) suffered substantial sales losses in the first six months of the 2025 financial year. However, the sale of the outdoor furniture division, Lafuma Mobilier, resulted in a higher profit. In its half-year report published on Thursday, the group also emphasised its commitment to continuing...
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Skechers takeover: Court dismisses lawsuit seeking to block acquisition
The acquisition of footwear supplier Skechers USA Inc. (Skechers) by investment company 3G Capital is moving closer. On Tuesday, trade magazine Women’s Wear Daily (WWD) reported that a Los Angeles court rejected a pension fund's objection. The Key West Police Officers & Firefighters Retirement Plan (Key West) had sued Skechers and members of the...
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Global apparel exports: EU displaces China from top spot
For the first time since 2005, China was not the world's leading apparel exporter last year. This is according to a report by the trade magazine “The Spin Off”, which refers to current data from the World Trade Organization (WTO). According to the report, European Union (EU) member states exported apparel worth a total of 166 billion dollars in...
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Fenix Outdoor slips deeper into the red in second quarter
Trading group Fenix Outdoor International AG (Fenix Outdoor) saw a further decline in sales in the second quarter of the 2025 financial year. The loss was also higher than in the same period of the previous year. The Zug, Switzerland-based group, which includes retailers such as Globetrotter, Naturkompaniet and Friluftsland, as well as brands...
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