High-end intimates specialist Wolford has postponed the release of its annual results for the second time in a month. It said it will release its audited annual financial statements for 2021 “no later than June 17”.
Israel's Delta Galil announced on Monday revenues for the first quarter lifted 16%, another quarterly sales record for the company, which also posted a 26% uptick in net profits for the three months ending March 31.
The Chinese group, owner among others of Lanvin and Sergio Rossi, is about to list on NYSE, and is keen to become a leading player in the luxury industry, aiming to increase its revenue three-fold by 2025.
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Wolford said the first half of this year “developed similarly to the last months of 2020” with the US and China continuing “solid growth”, while ongoing and new Covid measure “led to business losses in Europe”.
German intimates, leisurewear and hosiery producer Schiesser has appointed London-based trade agency Concrete Concepts as its exclusive distributor, also becoming "first point of contract" for a number of related brands.