The US apparel company Kontoor Brands Inc. kept its revenue largely stable in the first quarter of fiscal year 2025. However, negative special effects weighed on profits. In addition to the current figures, the parent company of denim brands Wrangler and Lee also presented updated annual forecasts on Tuesday. These now also take into account the...
18 hours ago
Kontoor Brands, affirming its strong preliminary fourth-quarter results with 699 million dollars in revenue, a 4 percent increase, has presented an optimistic outlook for the year ahead, excluding the potential benefits of the Helly Hansen acquisition. Kontoor Brands acquired the outerwear brand for 900 million dollars from Canadian Tier...
26 Feb 2025
Kontoor Brands, parent company of the Wrangler and Lee brands, released preliminary fourth-quarter financial results, revealing a 4 percent year-over-year revenue increase to approximately 699 million dollars. The company also reported an adjusted gross margin of approximately 44.7 percent, a 160 basis point improvement, and an approximate 23...
19 Feb 2025
Norwegian sportswear company Helly Hansen has launched a suit against Virgil Abloh's Off-White for copyright infringement of its striped logo. The Oslo-based company alleges Off-White is intentionally infringing the contrast diagonal stripe mark that Helly Hansen began using in the U.S. more than 40 years ago, reports The Fashion Law. Off-White...
18 Jul 2018
British outdoor clothing brand Musto has been acquired by technical outdoor clothing company Helly Hansen for an undisclosed sum, as the Norwegian brand looks to further its ambitions to grow in the British market. Helly Hansen has acquired Musto, the British specialist sailing and country apparel brand, from Phoenix Equity Partners and other...
23 Oct 2017