Articles by Weixin Zha
Minimalism meets mass appeal: The rise of Swedish apparel chain Lager 157
loading... - Fashion
The Swedish fashion chain Lager 157 is expanding to Germany. The first store in Bremen is only intended to be the “springboard” for further expansion in Germany and Europe. In an interview, CEO Stefan Palm explains his expansion plans and the business model behind the success of Lager 157's wardrobe staples. Lager 157 has conquered Scandinavia...
New Yorker boss Friedrich Knapp has died
loading... - People
Friedrich Knapp, the founder of German retailer New Yorker, has died at the age of 73. "It is with great sadness that we say goodbye to our owner and managing partner, who made New Yorker one of the world's leading fashion companies through his courageous and visionary actions. Mr. Knapp was a family man and a thoroughbred entrepreneur who...
Stay or go? Career questions in a changing fashion world
loading... - Business | Interview
The fashion industry has had a turbulent year. Some companies are struggling with insolvencies and declining revenues, while others are raising their forecasts and expanding. In uncertain times, some employees may also be questioning their career and future. Should you remain loyal to a company during a crisis, and when is it time to look for a...
Swiss department store Manor modernizes its fashion departments
loading... - Retail
Manor is modernising its fashion range. The new fashion concept will be gradually introduced in twelve department stores over the next three years. The largest Swiss department store group is investing 50 million Swiss francs in the renovation. The modernized departments at the Basel and Lausanne locations will start at the end of October. The...
Esprit: What does the future hold for the former billion-dollar brand?
loading... - Business | Background
The Esprit brand is being taken over in Europe by London-based investor Alteri and its fashion company CBR. What will happen to the once multi-billion dollar brand? Here is what we know and don't know. The Esprit we know no longer exists The business operations behind the Esprit brand in Ratingen are being dissolved, while stores are closing in...
Hugo Boss sells Russian business to Stockmann
loading... - Business
German fashion brand Hugo Boss has sold its business in Russia to its wholesale partner Stockmann. A purchase price was not disclosed, according to reporting news platform Reuters, however it is known that Russia requires foreign companies to sell assets at a discount of at least 50 percent. In its 2023 annual report, Hugo Boss valued the assets...
Hugo Boss sells Russian business to Stockmann
loading... - Business
Hugo Boss sells its business in Russia to its wholesale partner Stockmann. A purchase price was not disclosed, as the Reuters reported on Monday. However, it is known that Russia requires foreign companies to sell assets at a discount of at least 50 percent. In its 2023 annual report, Hugo Boss valued the assets for sale in Russia at 27 million...
Mourning for Esprit: Voices from the Internet
loading... - Business
The people behind Esprit have had a difficult week. The clothing group announced last week that it would only focus on the licensing business. Operational activities such as sales and production are to be completely handed over to a licensing partner. The approximately 1,300 employees still in Germany are now worried about their jobs because...
Fairs from Amsterdam to Copenhagen are vying for the German fashion industry
loading... - Fairs
The end of the big fashion fairs in Berlin left a void in the fashion calendar. The capital used to be the place for the German-speaking industry to gather, preview collections and discover new brands. Now, fairs from Florence to Amsterdam are targeting brands and buyers from Europe’s biggest fashion market. The stand of fashion label Lara Lauré...
Dries van Noten bids farewell with an ode to fashion and time
loading... - Fashion
What remains of a 40-year career in a world as volatile as fashion? Belgian designer Dries van Noten pondered time and eternity at his last men's show during Paris Fashion Week. A navy coat falls almost to the ankles, a double-breasted jacket is combined with translucent mesh trousers in deep purple. The colours of the first looks seem rather...