Under pressure Debenhams Group is delaying issuing refunds for up to a month a report has claimed. But the business also had good news this week with a sales and search surge for high-summer products. Karen Millen The company, which used to be known as Boohoo Group and owns brands such as Boohoo, Debenhams, Pretty…
Adena Brands, the owner of Monsoon and Accessorize, has filed its accounts for the year to the end of August and revealed a loss for the period as consumer demand weakened and it faced major wage inflation. Monsoon The company said that sales fell 11% and it made a pre-exceptional EBITDA loss of £2.4 million…
New CEO, new priorities: the Otto Group is earning money again. In the 2024/25 financial year (reporting date: February 28), all earnings levels were back in the black with stable sales after two lean years. According to new CEO Petra Scharner-Wolff , the turnaround has been achieved. New Chairwoman Petra Scharner-Wolff – OTTO GROUP Earnings…
Burberry’s preliminary results for FY25 on Wednesday were even more closely watched than usual. Not only are observers keen to see whether the luxury British business can bounce back from the wider luxury downturn but also specifically whether its new ‘back to the essentials’ strategy under CEO Joshua Schulman is yielding results. Kate Winslet for…
Translated by Nazia BIBI KEENOO Published May 10, 2025 Pronovias, the Barcelona-based bridal fashion house known for its elegant wedding gowns and global presence, is taking decisive steps to support its financial recovery. To guide the label back toward profitability, its owners—Bain Capital and MV Credit—have withdrawn €193 million from the share capital of Catiberia…
By Europa Press Translated by Nazia BIBI KEENOO Published May 8, 2025 German sportswear manufacturer Puma reported a sharp decline in its net profit for the first quarter of 2025, falling to just 0.5 million euros. This marks a dramatic 99.5% drop compared to the same period in 2024, according to financial results released by…
Translated by Nazia BIBI KEENOO Published May 8, 2025 Adolfo Domínguez, a Spanish fashion brand known for its minimalist aesthetic and the slogan “Wrinkles are beautiful,” closed fiscal 2024 on a positive note. The company increased its sales by 7.8% to reach €136.5 million, while net profit rose 24.4% year-over-year to €0.9 million. This marks…
Ethical beauty brand Lush has filed its accounts for the year to last June and they show turnover dropping by 5% to £674.5 million. The company also remained loss-making as it continued to invest heavily in its store estate. Lush The company recorded a group EBITDA loss with the previous year’s EBITDA profit of £2.1…
It may be part of the giant Capri Holdings that reports results quarterly but we rarely hear about Michael Kors’ specific UK performance so the filing of its accounts for the year to March 2024 is certainly illuminating. See catwalkMichael Kors – Spring-Summer2024 – Womenswear – Etats-Unis – New York – © Launchmetrics Turnover dropped…
Les Deux, the Copenhagen-based menswear brand, has released its 2024 results and they show the 13th consecutive year of growth. Co-founders Andreas von der Heide and Kristoffer Haapanen – Les Deux Revenue jumped in double digits, despite the challenging market backdrop that saw many companies large and small across all price points struggling to deliver…