ANWR Group sells it software unit EBG Data to TSS
ANWR Group is selling its subsidiary EBG Data GmbH to the Dutch-based software group Total Specific Solutions (TSS). No financial details were released.
German retail under pressure as insolvency fears rise and succession crisis deepens
The German retail sector is facing pressure from multiple fronts, with a growing number of businesses fearing for their survival and an escalating succession crisis threatening the future of thousands of small and medium-sized enterprises, according to recent surveys.
Debenhams returns to growth and lifts gross margin
Debenhams Group, the British fast fashion retailer which previously traded under the Boohoo name, returned to slight sales growth in the first quarter and enjoyed a “substantial” increase in adjusted Ebitda as its turnaround strategy starts to bear fruit. The company also reaffirmed its full-year guidance.
Sperry expands into Benelux and DACH region
Sperry has taken a further step in its expansion into Europe through its partnership with Gardiner Bros & Co and its Belgian unit Dubois.
C-Suite interview: Valleverde maintains its revenues stable in a weak market
Valleverde is one of Italy’s most famous footwear brands with over 40 years of presence in its home market. Following its bankruptcy in 2015, the brand was acquired by Silver 1, which owns several other labels, including Rafting, Goldstar, Biochic and Biomodex. The company has grown from €1.5 million in ...
Minelli to close down May 30
Minelli, which was placed into receivership in March, announced on Instagram that it will close down ”definitively” on May 30.
Passt stores to be rebranded under Kybun Joya banner
The Swiss comfort shoe manufacturer Kybun Joya is continuing its expansion in Austria as part of a broader strategy to unify brand management and strengthen its market presence under a single identity.
Golden Goose opens it largest Asia-Pacific in Beijing
The Italian luxury sneaker brand Golden Goose opened its largest store in the Asia-Pacific region on April 15: a 475-square-metre flagship at Beijing’s Taikoo Li Sanlitun. The store is roughly twice the size of a typical Golden Goose boutique.
Shoe Zone expects to post a loss this year
Shoe Zone has warned it is set to swing to an annual loss, citing declining consumer confidence and the Middle East war.
Primark to demerge from its parent company
Primark’s owner Associated British Foods (ABF) is demerging the budget clothing chain from its food operations after a review of the group’s structure, despite warning that the US-Iran conflict would hit consumer spending and raise prices.