Articles by Weixin Zha
Luca de Meo: Automotive veteran to revitalise Kering
The top position at luxury group Kering is highly sought after. It is also currently in the spotlight of the fashion industry like no other. From next week, Luca de Meo will hold this role. A look at his CV reveals that the former automotive CEO not only has a knack for brands, but also a penchant for creative ideas and stylish suits. Passion as...
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Esprit: Shift to licensing model results in drop in revenue
The former clothing group Esprit recorded a significant drop in revenue in the past six months. This is due to the elimination of licensing revenue from European trademark rights. Esprit continues to shrink Following the global insolvencies and closures of branches and stores last year, Esprit Holdings Ltd. in Hong Kong now only manages the...
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Maximilian Kleinert joins Manufactum management board to drive expansion
Maximilian Kleinert is set to further drive expansion in growth markets as a member of Manufactum's management board from September. A subsidiary of the Otto Group retail group, Manufactum specialises in a range of durable, timeless everyday goods – including clothing. Manufactum currently operates 14 department stores in Germany and one branch...
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Tom Tailor increases profitability in 2024 despite revenue decline
Clothing supplier Tom Tailor continued to increase profitability this year, following gains made last year. Earnings before interest, taxes, depreciation, and amortisation (EBITDA) rose by 13.8 percent year-on-year in 2024, the Hamburg-based company announced on Wednesday. This was made possible by an optimised cost structure and a higher gross...
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Berlin Fashion Week: Collections rooted in the zeitgeist
Brands like Ottolinger and David Koma injected new momentum into Berlin Fashion Week for the spring/summer 2026 season. With 36 shows, the programme may be shorter than that of other fashion capitals, yet it offers something unique. Here, designers work closely with the spirit of the times (the famous German Zeitgeist), often addressing...
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Lagerfeld's life as a graphic novel
Those seeking light summer reading may find what they're looking for in Alfons Kaiser's latest project. The fashion critic of the Frankfurter Allgemeine Zeitung (FAZ) has now released his 383-page biography of Karl Lagerfeld as a graphic novel. Illustrator and comic author Simon Schwartz has selected key moments from the book, tracing...
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Why Kering founder Pinault chose Luca de Meo as CEO
French luxury group Kering appointed Luca de Meo as its new chief executive officer. François-Henri Pinault stepped down after more than 20 years. Why did the Kering founder consider the Renault boss the best candidate to lead the company into a new phase of growth after the disappointing business performance of recent quarters? Long process...
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From volume to value: Bangladesh's garment strategy amid trade turmoil
Bangladesh’s garment industry seeks to shed its low-cost, large quantity image as it aims to capture higher-value business. At Best of Bangladesh, a fair and conference in the heart of Amsterdam, manufacturers and government officials advertised the world’s second largest garment producer’s transition, hoping to gain more business amid global...
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American Eagle Outfitters withdraws guidance after millions in write-downs on inventories
US clothing group American Eagle Outfitters withdrew its forecasts for the full year following disappointing preliminary figures for the first quarter. Revenues are expected to fall by 5 percent to 1.1 billion dollars. Sales at the main brand American Eagle fell by 2 percent, and at the activewear label Aerie by 4 percent. An adjusted operating...
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Mytheresa takes more cautious view of full year in light of trade conflicts
Luxury online retailer Mytheresa is taking a more cautious view of the current financial year, despite “solid growth” in the third quarter. Mytheresa's revenues increased by 3.8 percent to 242.5 million euros compared to the same period last year. Gross merchandise volume also grew by 3.8 percent to 261.3 million euros. “The results for the...
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