Articles by Jan Schroder
Pandora announces leadership change: Berta de Pablos-Barbier to succeed Alexander Lacik
Danish jewellery retailer Pandora A/S is appointing a new CEO. On Tuesday, the retailer announced that CEO and president Alexander Lacik, who has led the group since 2019, will step down during the upcoming annual general meeting on March 11, 2026. His successor has already been found internally. According to the group, chief marketing officer...
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Asos: annual sales miss expectations
British clothing retailer Asos Plc did not quite meet sales expectations for the 2024/25 financial year. This was announced in a trading update published by the company on Tuesday. In the past financial year, revenue was “slightly below market expectations”, the retailer admitted, without providing specific figures. The gross merchandise value...
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Lenzing to cut approximately 600 jobs at its headquarters
Austrian fibre producer Lenzing AG has further intensified its cost-saving programme. The new measures will affect numerous jobs at the headquarters in Lenzing, Austria. “Approximately 300 jobs will be cut, particularly in the administrative sector, with 250 of these to be eliminated by the end of 2025. The aim is to make Lenzing's...
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Takko reports improved earnings in H1 despite sales decline
German clothing discounter Takko Fashion experienced a slight decline in sales in the first half of the 2025/26 financial year. However, its adjusted operating result was higher than in the same period of the previous year. According to a statement released on Monday, the retailer has recently made “significant progress in implementing its...
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OnBuy expands into twelve European markets
British online marketplace OnBuy announced a significant expansion of its international presence on Tuesday, last week. The platform is now launching in twelve new European markets, the company announced. These include Germany; France; Spain; Italy; the Netherlands; Belgium; Austria; Greece; Finland; Portugal; Ireland and Slovakia. Retailers in...
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Birkenstock exceeds revenue target for 2024/25 financial year
German footwear provider Birkenstock has exceeded its revenue target for the 2024/25 financial year. This is according to preliminary figures presented by the publicly listed parent company, Birkenstock Holding plc, on Thursday during a meeting with investors and analysts. Based on the current figures, management expects revenue in the fourth...
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H&M's Q3 sales fall but profit rises due to cost cuts
Swedish fashion group Hennes & Mauritz AB (H&M) experienced a decline in sales in the third quarter of the 2024/25 financial year. The company did, however, manage to significantly increase its profit. This was announced in a business report published on Thursday by the parent company of brands such as H&M, Cos, Monki, Weekday, & Other Stories...
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Zalando penalises "excessive" returns
Berlin-based online fashion retailer Zalando unveiled new measures on March 7, 2025, designed to further reduce the number of returns. Customers who return a particularly high number of items now face a temporary suspension of their ordering ability. According to the company, customers who "return a disproportionate amount" will receive a...
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Kering postpones call option for Valentino
French luxury group Kering and Qatari investment firm Mayhoola have revised their agreement regarding the ownership structure of Italian fashion house Valentino. Both parties announced on Wednesday that Valentino's ownership structure will remain unchanged until at least 2028. Mayhoola currently holds 70 percent of Valentino's shares. Kering...
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Bestseller invests in German recycling company Matterr
Danish clothing group Bestseller unveiled a new strategic partnership with German recycling start-up Matterr on Wednesday. The group, which owns brands such as Vero Moda, Only and Jack & Jones, invested in the company through its investment arm, Invest FWD. Matterr specialises in chemical polyester waste recycling processes. It had previously...
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