Articles by Prachi Singh
Bob Ranftl to succeed Jane Nielsen as Ralph Lauren’s new COO
Ralph Lauren Corporation has appointed Bob Ranftl as chief operating officer (COO) effective March 30, 2025, succeeding Jane Nielsen, whose planned departure was previously announced as part of a multiyear strategic succession plan. Ranftl, the company said in a release, who joined Ralph Lauren in 2015 and has served in multiple financial and...
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Adidas posts strong revenue and profit growth in Q4
Fourth quarter revenues at German sportswear brand Adidas increased by 19 percent, while in euro terms, the revenues grew 24 percent to 6 billion euros. Excluding Yeezy sales in both years, currency-neutral revenues increased 18 percent. The company’s gross margin for the quarter increased 5.2 percentage points to 49.8 percent. Operating profit...
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Mytheresa nominates Richemont CFO Burkhart Grund to supervisory board
Mytheresa has announced the appointment of Burkhart Grund, chief financial officer of Richemont, as a new supervisory board member, following the completion of its acquisition of YNAP. “We are pleased to welcome Burkhart Grund, a highly experienced financial expert, to our board,” said Nora Aufreiter, chair of the supervisory board of Mytheresa....
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Shoe Zone to invest in digital strategy as online revenues increase
Shoe Zone, a value footwear retailer in the UK, reported profit before tax declined to 10.1 million pounds, while adjusted profit before tax reduced to 10 million pounds, resulting in earnings per share of 16.04p. Total revenue declined by 2.7 percent to 161.3 million pounds, driven by a 6.5 percent drop in store revenue to 126.1 million pounds....
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Kizik expands distribution in South Korea, France, Gulf and Spain
Kizik has signed new distribution partnerships in South Korea, France, the Gulf Countries, and Spain. "Kizik's expansion into South Korea, France, the Gulf Countries, and Spain marks another exciting step forward in our mission to bring joy to everyday routines. Together, we are transforming the way people experience footwear," said Monte Deere,...
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Magnum Boots partners with K Brands to strengthen US distribution
Magnum Boots has signed a long-term partnership with K Brands as its exclusive distribution partner in the United States. Through the collaboration Magnum Boots aims to scale its presence in the US by tapping into K Brands distribution network throughout the country. The company also announced that US Army and industry veteran Glen Reich has...
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WHP completes the acquisition of Vera Wang fashion brand
New York based brand management firm WHP has completed the acquisition of the intellectual property of the iconic Vera Wang fashion brand, which was announced in December last year. WHP Global to acquire IP of Vera Wang, founder to remain onboard as Chief Creative Officer . As part of the transaction, Vera Wang will continue in her role as...
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Authentic partners with SCI to expand Reebok’s presence in golf
Authentic Brands Group (Authentic) has partnered with Sports Casuals International (SCI), a global sports apparel design and manufacturing company, to expand Reebok’s footprint in the golf category. Through the partnership, the company said in a release, SCI will design, manufacture and distribute Reebok-branded adult performance golf apparel...
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Andy Lew named head of Lanvin Group's second headquarters in Europe
Lanvin Group has announced key leadership and board changes designed to strengthen its position in the luxury fashion industry and further advance its strategic goals. The company’s board has appointed Andy Lew, CEO of St. John Knits as executive president of Lanvin Group, while Eric Chan will transition from his role as CEO to join the board as...
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Christie’s announces leadership changes, names Bonnie Brennan as new CEO
With the support of the Pinault family, and on the recommendation of Guillaume Cerutti, the Christie’s board has appointed Bonnie Brennan as chief executive officer, effective February 1, 2025. Christie’s said in a statement that the change takes place as Guillaume Cerutti has been entrusted with the responsibility of implementing and overseeing...
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