Articles by Jan Schroder
Temu parent PDD misses expectations in second quarter
Publicly listed e-commerce group PDD Holdings Inc., which operates the online platforms Temu and Pinduoduo, was impacted by challenging market conditions in the second quarter of the 2026 financial year. The latest results, published by the company on Monday, fell short of market expectations despite a further increase in revenue. From April to...
BusinessMemberloading...
Anta Sports reports double-digit revenue growth in first half
Chinese sportswear group Anta Sports Products Limited continued its growth in the first half of the 2026 financial year. This is according to preliminary figures published on Wednesday by the parent company of brands such as Anta, Descente and Jack Wolfskin. Group revenue for the six months to June 30 reached 43.5 billion Chinese yuan (6.47...
BusinessMemberloading...
Hugo Boss launches share buyback programme
Metzingen-based fashion group Hugo Boss AG launched its share buyback programme, announced in the spring, on Monday. It plans to acquire its own shares with a total value of up to 200 million euros. The programme will run until December 31, 2027. The programme is based on the authorisation granted at the Annual General Meeting in May 2025, “...
BusinessMemberloading...
Lenzing increases half-year profit despite decline in revenue
Last week, the Austrian fibre manufacturer Lenzing AG presented further drastic reforms and announced the closure of two production sites. On Wednesday, the group presented its results for the first half of the 2026 financial year. According to the report, group revenue from January to June amounted to just under 1.27 billion euros (1.47 billion...
BusinessMemberloading...
Wourth Group purchases sustainable apparel brand Hessnatur
Sustainable apparel brand Hess Natur-Textilien GmbH & Co. KG (Hessnatur) has a new owner. On Tuesday, the company announced it is being sold by Swiss investment firm Capvis to the UK-based textile group, Wourth Group. The acquisition is still subject to “the usual closing conditions, including the approval of the relevant competition authorities...
BusinessMemberloading...
Hugo Boss: quarterly sales fall by 10 percent
The Metzingen-based fashion group Hugo Boss AG suffered significant losses in sales and profit in the second quarter of the 2026 financial year, as expected. CEO Daniel Grieder sees the company, which is currently facing a takeover bid from British retailer Frasers Group, as on track with its reform efforts. The second quarter was “another...
BusinessMemberloading...
Zalando maintains growth in second quarter and refines forecast
Berlin-based online fashion retailer Zalando SE continued its growth trajectory in the second quarter of the 2026 financial year. The company reported a significant increase in sales and a rise in operating profit on Tuesday. Management has adopted a more cautious outlook for the remainder of the year, refining its forecasts accordingly. Group...
BusinessMemberloading...
Chinese investor CPE acquires Mammut
Swiss outdoor outfitter Mammut Sports Group AG has a new owner. On Thursday, the mountain sports specialist announced that Chinese investment firm CPE has signed an agreement to acquire Mammut from Jacobs Capital. CPE will support Mammut in “accelerating its global growth, particularly in Asia and North America,” a statement said. The company...
BusinessMemberloading...
Canada Goose surprises with double-digit revenue growth in first quarter
Canadian apparel company Canada Goose Holdings Inc. achieved double-digit revenue growth in the first quarter of the 2026/27 financial year, exceeding market expectations primarily due to strong growth in China. The Toronto-based down jacket specialist's loss was significantly lower than in the same period last year, although analysts had...
BusinessMemberloading...
VF Corporation raises revenue forecast after solid first quarter
The US apparel group VF Corporation (VF Corp) experienced a decline in revenue in the first quarter of the 2026/27 fiscal year, but it managed to exceed expectations. The parent company of brands such as The North Face, Vans and Timberland subsequently raised its full-year revenue forecast on Wednesday. In the three months to June 27, group...
BusinessMemberloading...