Fashion Executives Network The most comprehensive provider of market data and analysis.

Significant revenue increase: Hummel returns to profit in 2024

Danish sportswear supplier Hummel A/S saw a significant increase in its revenue in the 2024 financial year and returned to profitability. This was revealed in the latest figures published by the company last year, December 30, 2024. Accordingly, revenue reached 326 million euros in the past financial year. This represented a nine percent...

BusinessMember

Circular fashion won’t work without consumers on board

Although European consumers might be ready for a circular economy, their wallets aren’t. Recent research carried out for the EU SOLSTICE project across four European territories—Catalonia, Berlin, Prato and Grenoble—found that price and convenience are major factors in driving engagement with circular clothing offerings: as long as circular...

BusinessMember

Gerry Weber brand rights acquired by Spanish Victrix Group

German fashion brand Gerry Weber has found a new home. The international brand rights have been taken over by the Spanish Victrix Group, owner of the Punt Roma brand, the groups confirmed upon FashionUnited's inquiries. The news was already confirmed in a press release about the relaunch of Gerry Weber's Dutch stores. “In addition to the brand...

BusinessMember

Frasers Group takes control of XXL ASA amid liquidity and supply chain challenges

British fashion giant Frasers Group has taken over XXL ASA after its largest shareholder divested its shares. The news comes on the back of the Norwegian sporting goods retailer announcing that it is in need of short-term liquidity “in order not to breach its financial covenants”. Frasers, which had been pursuing a takeover of XXL since 2024,...

Fashion Executives Network

Join the fashion community of entrepreneurs, CEOs, designers, buyers and other fashion professionals already receiving the FashionUnited newsletter.

RSS Feed