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Management

Mister Spex supervisory board proposes election of Claus-Dietrich Lahrs and Gil Steyaert

Mister Spex has announced that Claus-Dietrich Lahrs, 60, and Gil Steyaert, 61 are running for the supervisory board of the company. If elected, Lahrs will serve as chairman and Steyaert will become deputy chairman of the company’s supervisory board. Claus-Dietrich Lahrs and Gil Steyaert will stand for election at this year's annual general...

Management

First quarter luxury earnings show brands' strengths and weaknesses

French luxury conglomerates serve as bellwethers for the wider industry, and the first-quarter revenue results have provided insight into both the strengths and weaknesses of the sector, shedding light on the preferences and behaviours of luxury consumers worldwide. While certain companies exceeded analysts' expectations, others experienced a...

Management

EU toughens safety rules on Chinese fashion retailer Shein

The European Union on Friday added Chinese-founded online retailer Shein to its list of digital companies that are large enough to come under stricter safety curbs. The company joins Facebook, TikTok, X, YouTube in a list of 23 "very large online platforms", which have more than 45 million monthly active users in the European Union. From the end...

Management

SMCP targets returning to growth by 2026

SMCP, parent company of the Sandro, Maje and Claudie Pierlot and Fursac brands, reported first quarter sales at 287 million euros, down 5 percent on an organic basis. The company continued to optimise its store network with 11 net closings during the quarter, mainly in Asia to reach 1,719 points of sales worldwide. The company will close 100...

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