Fuchs Schmitt’s new COO Heiko Lenz will manage the business’ operations together with CEO Andrea Krumme. Kai-Christian Richter, currently CFO and Commercial Director, is leaving the company at his own request. Read More
Switzerland is continuing discussions with the US about reducing potentially crippling import duties, its government said on Friday, as the country’s gold industry warned exports of gold bars to the US. Read More
Swedish retailer Ikea opened a digital store on Chinese e-commerce platform JD.com on Friday, as it expands its presence on third-party online shopping sites in China to draw in new customers with cut-price products. Read More
Under Armour Inc. forecast worse-than-expected sales for the current quarter, stalling a turnaround plan that was taking hold. Read More
River Island got the green light from the High Court for its restructuring plan on Friday so its planned 33 store closures will now go ahead and a lifeline loan from the family that founded and owns it will be unlocked. Read More
On Thursday, the Bobigny Commercial Court ruled in favour of Beaumanoir for the takeover of Naf Naf, which has been placed in receivership. The group has committed to rehiring 300 of the chain’s 600 employees. Read More
Indian exporters who built their businesses on Americans’ demand for affordable goods are redrawing their strategies and weighing alternatives to reduce the pain from the US President’s shock 50% levy on imports. Read More
Revolution Beauty has rejected a takeover offer from specialist private equity firm True, leaving the cosmetics group likely to revive a capital raising from existing shareholders, two sources said. Read More
Ralph Lauren raised its annual revenue forecast on Thursday on higher demand for its Polo shirts and cable-knit sweaters in North America but said tariff pressure on its margins will ramp up in the back half of the year. Read More
Crocs Inc. shares dropped after the shoe company said its efforts to save money amid consumer pressure and tariffs would drive down revenue. Read More
