Articles by Jan Schroder
Wolford postpones publication of annual financial statements
Austrian clothing supplier Wolford AG had planned to present its final results for the 2024 financial year on Wednesday. But that did not happen. The company announced late on Wednesday afternoon that the publication of the audited annual financial statements and the audited consolidated financial statements would be “postponed by a few days”....
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Lanvin group reports significantly higher annual loss
The Chinese fashion group Lanvin Group Holdings Limited had to accept significant sales losses and a significantly higher loss in the 2024 financial year. This is according to the current annual report presented on Wednesday by the parent company of the Lanvin, Wolford, St. John, Sergio Rossi and Caruso brands. “2024 was a transitional year for...
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Adidas more than doubles quarterly profit
German sporting goods provider Adidas AG had a successful start to the 2025 financial year. After the company had already published key data a few days ago, it presented its full results on Tuesday and reported strong increases in sales and earnings. In the months from January to March, group sales reached 6.15 billion euros, an increase of 12.7...
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Ermenegildo Zegna Group starts new fiscal year with decline in revenue
Italian fashion group Ermenegildo Zegna NV experienced a slight decline in revenue in the first quarter of fiscal year 2025. This was primarily due to continued weak demand in China and losses at the Thom Browne brand. According to preliminary figures released by the company on Thursday, consolidated revenue for the period from January to March...
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Mytheresa completes acquisition of YNAP
E-commerce specialist Yoox Net-a-Porter (YNAP) now officially has a new owner. On Thursday, Munich-based fashion retailer Mytheresa and Swiss luxury goods group Compagnie Financière Richemont SA (Richemont) announced the completion of their transaction agreed last autumn. Accordingly, MYT Netherlands Parent BV, the listed parent company of...
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Adidas exceeds expectations in first quarter
German sportswear provider Adidas AG made a surprisingly good start to the 2025 financial year, according to selected key figures published by the company on Wednesday evening. According to preliminary figures, sales in the reporting currency, adjusted for exchange rate changes, each rose by 13 percent compared to the same period last year,...
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Despite return to profitability: Sosandar misses annual forecasts
British clothing provider Sosandar Plc experienced significant sales losses in financial year 2024/25, but was able to return to pre-tax profit. This is according to preliminary key figures published by the company on Wednesday. However, the results fell short of previous expectations, causing the share price to plummet by almost 15 percent...
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Jack Wolfskin acquired by Anta Sports for 260 million euros
German outdoor outfitter Jack Wolfskin is getting a new owner. The US-based group Topgolf Callaway Brands Corp. announced on Thursday that it intends to sell the brand to the Chinese sporting goods group Anta Sports Products Limited. A corresponding agreement has already been signed for a basic purchase price of 290 million dollars, which could...
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Inspecs Group reports sales decline and higher loss
British eyewear group Inspecs Group plc faced a decline in sales and a significantly higher loss in fiscal year 2024. CEO Richard Peck attributed the results, published on Thursday, to generally weaker customer demand. In light of the "difficult macroeconomic conditions," he stated that the company had demonstrated "resilience" and made...
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Wolford executive board member Ralf Polito extends stay
Austrian apparel company Wolford AG is emphasising continuity in its leadership team. The Management Board mandate of chief operating officer (COO) Ralf Polito has been extended until December 31, 2025, the company, which belongs to the Chinese fashion group Lanvin Group, announced in an ad-hoc release on Thursday. Polito will thus continue to...
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