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Lanvin group reports significantly higher annual loss

The Chinese fashion group Lanvin Group Holdings Limited had to accept significant sales losses and a significantly higher loss in the 2024 financial year. This is according to the current annual report presented on Wednesday by the parent company of the Lanvin, Wolford, St. John, Sergio Rossi and Caruso brands. “2024 was a transitional year for...

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Gymshark hits record revenue in FY24, yet profit continues to fall

Sportswear retailer Gymshark welcomed a strong revenue growth for FY24, recording an increase of 9 percent per annum which amounted to 607.3 million pounds. While its “active trading stance” and “vibrancy of the brand” were cited to have aided in the uptick, such instances were unable to help profit, which continued on a downward trend. For the...

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Primark H1 sales marginally grow as store roll out continues, offset by weaker UK market

Sales for Primark saw impact from cautious consumer sentiment in the UK for the 24 weeks to March 1, yet in other regions “good underlying growth” was largely reported by the budget retailer’s parent company, Associated British Foods (ABF). Central and Eastern Europe welcomed the highest growth in sales at 21 percent, as the company continued to...

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Adidas more than doubles quarterly profit

German sporting goods provider Adidas AG had a successful start to the 2025 financial year. After the company had already published key data a few days ago, it presented its full results on Tuesday and reported strong increases in sales and earnings. In the months from January to March, group sales reached 6.15 billion euros, an increase of 12.7...

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