Articles by Jan Schroder
Bulgari appoints Stephan Kornfeld as managing director for Northern Europe
Jeweller Bulgari, part of the French luxury goods group LVMH, has appointed Stephan Kornfeld as managing director for Northern Europe. Kornfeld took on his new role on June 1, the company announced on Monday. He is now responsible for business in the Northern Europe region, including retail and wholesale activities in Germany, Austria, the Czech...
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PVH: Middle East conflict dampens expectations
US apparel group PVH Corporation reported solid results for the first quarter of the 2026/27 fiscal year on Wednesday evening. However, management lowered its sales forecast for the full year due to the foreseeable negative impact of the war in Iran. In the first quarter, which ended on May 3, group revenue amounted to almost 2.03 billion US...
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Marimekko appoints former Ganni manager Karolin Stjerna to management team
Finnish textile group Marimekko Corporation has appointed a new executive as part of a structural reform. On Tuesday, the company announced the appointment of Karolin Stjerna as chief operating officer (COO), supply chain. The 41-year-old will take on the newly created position on June 8, join the company's management team and will report...
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Victoria’s Secret raises full-year forecast after surprisingly strong first quarter
US lingerie retailer Victoria’s Secret & Co. exceeded its own targets and analysts' expectations in the first quarter of the 2026/27 financial year. The management subsequently raised its full-year forecast on Tuesday. In the 13 weeks to May 2, the parent company of the Victoria’s Secret, Pink and Adore Me brands generated sales of 1.56 billion...
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Despite record sales: Abercrombie & Fitch's first-quarter profit declines
US apparel group Abercrombie & Fitch Co. set a new sales record in the first quarter of the 2026/27 financial year. However, its profit declined. According to a statement released on Wednesday, sales in the 13 weeks to May 2 amounted to approximately 1.11 billion US dollars. This was a two percent increase on the same quarter last year and a new...
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Capri Holdings reduces quarterly loss despite revenue decline
US fashion group Capri Holdings Limited also suffered a decline in sales in the fourth quarter of the 2025/26 financial year. The company made significant progress in its earnings thanks to extensive reforms. Management is now also forecasting sales growth for the current year. In the final quarter of the past financial year, which ended on...
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The Platform Group increases quarterly sales by 51 percent
The Düsseldorf-based e-commerce group The Platform Group SE & Co. KGaA has continued its growth trajectory in the first three months of the 2026 financial year. On Wednesday, the company announced significant increases in sales and operating profit, as expected. It also confirmed its annual forecasts. In the first quarter, group sales reached...
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Olymp-Bezner Group appoints Philipp Lübbenjans to lead Eterna relaunch
Just over two months after acquiring the brand rights for Eterna, the Olymp-Bezner Group has brought Philipp Lübbenjans, a former top manager of the shirt and blouse specialist, on board. The 41-year-old has extensive management experience at Eterna Mode GmbH, which filed for insolvency last December and had to announce the cessation of its...
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Birkenstock reports significant profit decline despite sales growth
German footwear provider Birkenstock achieved solid sales growth in the second quarter of the 2025/26 financial year, despite adverse conditions and negative currency effects. However, profit declined significantly. This was revealed in a recent interim report published by its parent company, Birkenstock Holding plc, which is listed on the New...
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Marimekko increases quarterly profit by a quarter
The Finnish textile group Marimekko Corporation achieved a sales increase and significantly boosted its profit in the first quarter of the 2026 financial year, despite challenging conditions. This was primarily due to strong growth in its international business. According to an interim report published on Wednesday, sales in the period from...
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