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Management

Under Armour announces restructuring and layoffs

Sportswear company Under Armour, Inc. has announced a restructuring strategy alongside the release of its annual results, for which net income almost halved and sales fell by several percent. The company's revenue came to 5.7 billion dollars, at a 3 percent year-on-year decline. The decline was largely due to worse results from the company's...

Fairs

Pitti Uomo preview: Marine Serre and Paul Smith among nearly 800 brand line up

Pitti Uomo will once again take place at the Fortezza da Basso in Florence from 11 to 14 June. At a press conference in Milan on Tuesday, the organisers announced the participation of 790 brands that will present their collections for spring/summer 2025, 43 percent of which come from abroad. Among them is guest designer Marine Serre, who will...

Retail |In Pictures

Retail inspiration: The latest store concepts from around the world

Retailers around the world are striving to improve the shopping experience. While one shop may pamper customers in-store with elements such as a lounge area, another could be looking to empower customers by promoting a 'do-it-yourself' motto through technology. Several retailers, such as London-based multi-brand LN-CC, are fighting their way out...

Management

Richemont reports slow Q4 sales growth, appoints Nicolas Bos as CEO

For the full financial year, Richemont sales increased by 3 percent at actual exchange rates and 8 percent at constant exchange rates to 20.6 billion euros, driven by the jewellery maisons, while operating profit came in at 4.8 billion euros, a 13 percent improvement at constant exchange rates. Fourth quarter sales were down by 1 percent at...