Clothing retailer Esprit posted a halving of first-half profit that also missed analyst estimates, hit by unfavourable currency rates and as sales slid on the closure of underperforming stores and unseasonably warm we...
Esprit was particularly affected by the unusually long Indian summer and has just published a profit warning. The brand had already announced a more than 16% drop in sales for the July to September period.
Desigual has entrusted Benelux to Eric Modesto, already in charge of France for wholesale. An area manager position was also created for the zone, entrusted to Frederik Raison, ex-Esprit, who reports to Modesto.
Puma has announced the departure of chief commercial officer and board member Stefano Caroti. On January 1, Bjorn Gulden, who has headed the company since July 2013, will take over Caroti’s responsibilities.