Articles by Jan Schroder
WHP Global plans acquisition of Guess
The US fashion company Guess Inc. could soon have a new majority owner. On Monday, the apparel retailer announced it had received a non-binding acquisition proposal from the US brand management firm WHP Global LLC. The prospective buyer, whose portfolio already includes brands like Vera Wang, G-Star, and Lotto, is offering 13.00 dollars (11.90...
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Karl Lagerfeld parent G-III posts surprising sales and profit growth
US clothing group G-III Apparel Group Ltd. closed the 2024/25 financial year with surprisingly strong sales and profit growth. This is evident from the annual report that the parent company of fashion brands Donna Karan, DKNY, Karl Lagerfeld and Sonia Rykiel presented on Thursday. In the past fiscal year, which ended on January 31, the group's...
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Despite record sales, Hugo Boss annual profit drops 17 percent
German fashion group Hugo Boss AG achieved record sales in fiscal year 2024. However, profits fell significantly short of the previous year's level, according to the company's annual report released on Thursday. Annual sales increase by 3 percent Group sales reached 4.31 billion euros last year, a 3 percent increase compared to 2023, marking the...
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Challenging environment: Puma projects decline in profits for the current year
German sportswear company Puma SE has adopted a cautious outlook for the 2025 fiscal year. This is evident from the latest forecasts, which the company released in an ad-hoc announcement on Tuesday evening. According to the announcement, weak figures in the US and China have recently impacted business performance. Management anticipates...
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Liverpool FC switches from Nike to Adidas
German sporting goods manufacturer Adidas will be the new jersey partner of the British football club Liverpool FC. On Monday, the Herzogenaurach-based company and the current leader of the English Premier League announced a multi-year agreement. Adidas will replace the US company Nike as the outfitter of the club for the coming 2025/26 season....
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Rip Curl parent KMD Brands makes leadership change
New Zealand clothing group KMD Brands Limited specified the timetable for a change in management announced last October. Accordingly, on March 24, Brent Scrimshaw will become the new CEO and managing director of the group, which includes the brands Kathmandu, Rip Curl and Oboz. He succeeds Michael Daly, who will leave the company after more than...
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Adidas returns to profitability in 2024, forecasts further growth
German sportswear giant Adidas AG closed its 2024 fiscal year with strong growth in both revenue and earnings, as expected. Management is forecasting further increases for the current year. The figures, presented by the company on Wednesday, came as no surprise, as key data had already been pre-released in January. Last year, the group achieved...
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Zalando more than triples annual profit in 2024
Berlin-based online fashion retailer Zalando SE announced solid financial results for fiscal year 2024 on Thursday, reporting both increased revenue and a substantial rise in profits. n mid-January, the e-commerce company had already pre-announced that it had exceeded its earnings forecast for the final quarter – an outlook that had been raised...
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On Exceeds 2024 Expectations and Forecasts Further Growth
Swiss athletic footwear brand On Holding AG surpassed its own forecasts for the 2024 fiscal year. Given the positive results, which the sneaker specialist released on Tuesday, the company has also set ambitious targets for the current year. Asia-Pacific Revenues Soar by Nearly 85 Percent In the past fiscal year, sales amounted to 2.32 billion...
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Ebay increases annual sales by two percent
The US e-commerce group eBay Inc. was able to slightly improve its sales in the 2024 financial year. Profit, however, fell short of the previous year's level. CEO Jamie Iannone was satisfied with the latest development: In the fourth quarter, the company "met or exceeded expectations on key metrics," he emphasized in a statement published on...
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