E-commerce enables local fashion boutiques to tap global markets. Or so the theory goes. What does it take to put it into practice?
Germany is Europe’s biggest consumer of fashion. So why isn’t the country a bigger force in the international fashion world?
The owner of Puma SE has explored a sale of the German sportswear maker as efforts to revive the brand drag into a fifth year, according to people familiar with the matter.
Zalando SE traded above its initial public offering price for the first time since last month’s stock market debut after Europe’s largest online fashion retailer forecast it will end the year “slightly profitable.”
BoF sits down with Justin O’Shea, buying director of MyTheresa.com, to understand how his hands-on attitude helped to turn a Munich-based store into a successful global luxury retailer that generates $130 million in annual revenue. The Creative Class is supported by CLIO Image, an awards show honouring creative excellence in fashion, beauty and retail.
Puma SE boosted its outlook for 2014 sales as the footwear maker’s investment in a new ad campaign and sponsorships started to take hold.
Adidas AG reported third-quarter profit that beat analysts’ reduced estimates as the company made strides in soccer and running sales, helping offset declining revenue at its golf business.
Hugo Boss AG, the German fashion house whose artistic director has clothed Michelle Obama, lowered its sales and operating profit targets for the year due to a “substantial slowdown” in European demand.
Proceeds from the listing of Rocket Internet shares were lowered to around 1.4 billion euros ($1.75 bln), from an initially targeted 1.6 billion euros, regulatory filings to the Frankfurt Stock Exchange late on Friday show.
A group of investors are planning to bid about 1.7 billion euros ($2.2 billion) for Adidas AG’s Reebok unit.