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Marimekko's first quarter net sales increase by 7 percent

Finnish lifestyle company Marimekko’s net sales increased by 7 percent to 37.7 million euros in the first quarter boosted by the growth of wholesale sales in Finland and growth of international net sales. Commenting on the first quarter update, Tiina Alahuhta-Kasko, president and CEO of Marimekko said: “Marimekko had a good start to the year...

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Natura &Co continues mulling possible Avon separation as revenue dips

Brazilian beauty group Natura &Co has confirmed that it is mulling a possible separation with its subsidiary, Avon International, which saw its revenue slip in the first quarter of 2024. In a statement included in the group’s financial report, Fábio Barbosa, group CEO of Natura &Co, said: “Avon International had another challenging quarter with...

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Renewcell sells Kristinehamm plant to Biosorbe

As part of its ongoing bankruptcy proceedings, Renewcell has now announced the sale of its Kristinehamm plant to biomaterial company, Biosorbe. The news follows reports from earlier this year that bankrupt Renewcell had multiple bids for its assets, yet the who and what of these bids remained unclear at the time. It now appears, however, that at...

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Golden Goose reports strong quarterly growth driven by DTC

First quarter revenues at Golden Goose Group of 148 million euros, increased 12 percent at constant exchange and 11 percent on a reported basis. Net revenues in DTC were 106 million euros, up 20 percent at constant exchange and 18 percent on a reported basis. The company’s adjusted EBITDA of 54 million euros, rose 17 percent and adjusted EBIT of...

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Lower revenues from Greater China impacts Tod’s Q1

Tod’s turnover reached 252.3 million euros, down 6.7 percent in the first quarter with the strong impact of currencies and China weakness weighing on the results. The company said in a statement that Tod's and Roger Vivier were visibly affected by the weakness of the Chinese market. However, all brands performed well in the European and American...

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Mytheresa's Q3 net sales grow by 17.6 percent

Mytheresa’s third quarter net sales increased 17.6 percent to 233.9 million euros and GMV rose 14.7 percent to 252.2 million euros. The company reported gross profit growth of 12 percent to 101.6 million euros with 43.4 percent gross profit margin and improved Adjusted EBITDA margin to 3.9 percent compared to the same period last year....

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VF Corporation is mulling a sale of streetwear brand Supreme

In less than four years since its acquisition, VF Corporation is reportedly mulling a sale of its streetwear brand Supreme. Back in December 2020, the group bought the New York skater brand, valuing it at 2.1 million dollars, making it one of the largest fashion transactions of the year. According to WWD, VF Corp is considering divesting Supreme...

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Esprit Europe files for bankruptcy

Esprit Europe and six other companies of the fashion group have filed for insolvency in self-administration with the Düsseldorf Local Court. The company said in a statement that the Munich law firm Gerloff Liebler Rechtsanwälte, which has carried out restructuring of Escada, Gerry Weber, Adler Modemärkte, Hallhuber, Laurèl and Tennis-Point among...

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Zalando appoints new general manager for sports

European fashion and lifestyle e-tailer Zalando has appointed Nina Graf-Vlachy as its new general manager for sports to support the expansion of its sports lifestyle proposition. Graf-Vlachy, who was with sportswear brand Puma for over a decade and served as their managing director of central Europe, will start at Zalando in August and report to...

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John Lewis names Rachel Morgans as new director of fashion

John Lewis has appointed Rachel Morgans as its new director of fashion. Currently working as creative consultant to brands in the UK and US, the company said Morgans will join the team in June 2024. Under the guidance of Kathleen Mitchell, John Lewis' commercial director, Morgans will focus on further developing the company’s curated range of...

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WHP Global and Tailored Brands renew licensing partnership for Joseph Abboud

WHP Global and menswear retailer Tailored Brands have extended their licensing partnership for the Joseph Abboud brand. Under the extended long-term agreement, the company said in a release, Tailored Brands will continue to design, manufacture, market, and sell Joseph Abboud branded tailored clothing and sportswear in the United States and...

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J.Jill initiates quarterly dividend, raises Q1 outlook

For the first quarter of fiscal 2024, J.Jill expects net sales of about 160 million dollars, an increase of 7 percent and adjusted EBITDA of approximately 33 million dollars to 34 million dollars. The company’s board of directors declared an initial quarterly cash dividend of 7 cents per share payable on June 12, 2024, to all stockholders of...