TextilWirtschaft international

Recent News

C&A to take "Avanti" abroad
21. August 2008

The European fashion retailer has chosen Spain for the opening of the first "Avanti" store, its new lower-price concept launched in March. The first international Avanti store will open in Saragossa before the end of the year. Next year, Avanti stores will open in Belgium. C&A will also add five more to the existing five Avanti stores in Germany this year.

Profits plummet at Levi's
14. August 2008

The US jeanswear giant had a tough second quarter. In the three months to 25 May 2008, sales fell 8% to $ 936m (€ 627m). The group's net profit plunged from $ 46m to $ 1m. Levi's suffered most in its domestic market, where sales declined by 19% to $ 477m.

The Carlyle Group buys stake in Moncler
7. August 2008

US financial investor The Carlyle Group will take over 48% of shares in Italian sportswear expert Moncler. The relevant contract had been signed in Milan during the week as revealed by one of the current shareholders, Italian private equity firm Mittel SpA. The deal should be concluded by the end of October pending the go-ahead of the antitrust authorities. Remo Ruffini (left) would hold 38% via his Ruffini Partecipazioni Srl foundation and continue at the helm of Moncler.

H&M: Jyrki Tervonen new CFO
6. August 2008

The Swedish fashion giant has promoted Jyrki Tervonen to new Chief Financial Officer. As of November, he will take over Leif Persson's position, who will remain member of H&M's board in charge of strategic questions. Mr Tervonen has been with H&M since 1997 and was last Country Manager responsible for Finland, Poland, the Czech Republic, Slovakia and Hungary.

Hertie goes bankrupt
31. Juli 2008

German department store operator Hertie has filed for insolvency. Rumours concerning the company’s financial difficulties in connection with the crisis on the financial markets and the problems faced by British parent Dawnay Day, have been circulating for days. 73 department stores will be affected.



	search news archive		Recent News C&A to take "Avanti" abroad 21. August 2008 The European fashion retailer has chosen Spain for the opening of the first "Avanti" store, its new lower-price concept launched in March. The first international Avanti store will open in Saragossa before the end of the year. Next year, Avanti stores will open in Belgium. C&A will also add five more to the existing five Avanti stores in Germany this year. Profits plummet at Levi's 14. August 2008 The US jeanswear giant had a tough second quarter. In the three months to 25 May 2008, sales fell 8% to $ 936m (€ 627m). The group's net profit plunged from $ 46m to $ 1m. Levi's suffered most in its domestic market, where sales declined by 19% to $ 477m. The Carlyle Group buys stake in Moncler 7. August 2008 US financial investor The Carlyle Group will take over 48% of shares in Italian sportswear expert Moncler. The relevant contract had been signed in Milan during the week as revealed by one of the current shareholders, Italian private equity firm Mittel SpA. The deal should be concluded by the end of October pending the go-ahead of the antitrust authorities. Remo Ruffini (left) would hold 38% via his Ruffini Partecipazioni Srl foundation and continue at the helm of Moncler. H&M: Jyrki Tervonen new CFO 6. August 2008 The Swedish fashion giant has promoted Jyrki Tervonen to new Chief Financial Officer. As of November, he will take over Leif Persson's position, who will remain member of H&M's board in charge of strategic questions. Mr Tervonen has been with H&M since 1997 and was last Country Manager responsible for Finland, Poland, the Czech Republic, Slovakia and Hungary. Hertie goes bankrupt 31. Juli 2008 German department store operator Hertie has filed for insolvency. Rumours concerning the company’s financial difficulties in connection with the crisis on the financial markets and the problems faced by British parent Dawnay Day, have been circulating for days. 73 department stores will be affected.


	Copyright: Deutscher Fachverlag GmbH; Editorial No liability or responsibility can be accepted for the content of services accessible by link but not produced by Deutscher Fachverlag GmbH.