Articles by Jan Schroder
Decathlon acquires majority stake in Bikeleasing
Bicycle service provider Bikeleasing is set to get a new owner. On Tuesday, the company announced that Decathlon Pulse SAS, the investment subsidiary of French sporting goods retailer Decathlon, intends to acquire a 65 percent stake in Bikeleasing from the Brockhaus Technologies AG group. Bikeleasing explained that the transaction is still “...
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SMCP drives Sandro's expansion in Latin America
French fashion group SMCP is expanding its brand Sandro's presence in Latin America. Two new stores have already opened in the region this month, with more set to follow according to current plans. On December 10, Sandro opened its first store in Chile in partnership with local company Leuru Group. The clothing brand chose the capital, Santiago,...
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Strong final quarter: Birkenstock exceeds its revenue targets for the 2024/25 financial year
German footwear provider Birkenstock has continued its growth trajectory in the 2024/25 financial year, as expected. Revenue even exceeded the forecasts, which were raised at the end of September. This was revealed in a recent business report published on Thursday by its parent company, Birkenstock Holding plc, which is listed on the New York...
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Brunello Cucinelli raises growth forecast
Italian fashion house Brunello Cucinelli SpA has raised its revenue forecast for the current financial year 2025. According to an interim statement published on Wednesday, management now expects currency-adjusted growth of 11 to 12 percent. Previously, the knitwear specialist had forecast an increase of 10 percent at constant exchange rates....
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Lenzing facing leadership change: CEO Rohit Aggarwal announces resignation
Austrian fibre producer Lenzing AG must plan without CEO Rohit Aggarwal. On Tuesday, the company announced that the chief executive will step down from his position on January 31, 2026. The decision was made "for personal reasons," according to a statement. Aggarwal had risen to the helm of the company at the beginning of September last year as...
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Media report: Creative director Norbert Stumpfl leaves Brioni
Fashion house Brioni, owned by French luxury goods group Kering, and Austrian designer Norbert Stumpfl are parting ways after seven years. This is according to a report by trade publication Women’s Wear Daily (WWD). Stumpfl was appointed creative director of the brand in 2018, succeeding Nina-Maria Nitsche. He previously held leadership roles in...
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PVH exceeds third quarter expectations despite profit decline
US fashion group PVH Corporation (PVH Corp) exceeded management targets in the third quarter of the 2025/26 financial year. Consequently, the parent company of Calvin Klein and Tommy Hilfiger adjusted its annual forecasts on Wednesday evening. In the latest quarter, which ended on November 2, group revenue reached approximately 2.29 billion...
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New strategy: Hugo Boss focuses on efficiency and womenswear
Metzingen-based fashion group Hugo Boss AG is driving its reform efforts forward. On Tuesday evening, the company announced a new medium-term programme called “Claim 5 Touchdown”. It continues the “Claim 5” strategy launched by CEO Daniel Grieder after taking office in summer 2021. “Claim 5 was a growth strategy. It was about refreshing the...
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Frasers Group acquires Hervis stores in Hungary and Romania
Austrian sporting goods retailer Hervis, owned by the Spar Group, is withdrawing from two markets. Hervis Sport- und Modegesellschaft mbH has concluded an agreement with Frasers Group (European Holdings) Limited, part of the UK retail group Frasers Group Plc, regarding the sale of the companies Hervis Hungary (Hervis Sport és Divatkereskedelmi...
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Puma appoints Ramprasad Sridharan as head of India business
German sportswear company Puma SE announced the appointment of Ramprasad Sridharan as managing director of Puma India on Wednesday. The 47-year-old will take up his new post in December. He will report directly to chief commercial officer (CCO) Matthias Bäumer, the group explained. Sridharan succeeds Karthik Balagopalan, who announced his...
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