Chanel heir David Wertheimer hires new investment chief, unveils $110M portfolio

By Bloomberg Published April 17, 2025 David Wertheimer, son of Chanel co-owner Gérard Wertheimer, is expanding his private equity firm, 1686 Partners, by naming a new investment lead and revealing a growing portfolio of high-end brands. David Wertheimer – Credit: Dave Benett/Getty Images According to the executive’s LinkedIn profile, the 38-year-old entrepreneur has appointed David […]

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Jeweller Pandora sees ‘healthy’ sales so far this year

By Reuters Published Feb 8, 2024 Pandora, the world’s biggest jewellery maker, said on Wednesday its performance since the start of the year has been “healthy” with high single-digit sales growth, as it announced a share buyback programme after a strong run. Pandora Pandora, which sells charm bracelets with prices ranging from $60 to more […]

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Garware Technical Fibres sees consolidated net profit before tax increase by 25% in first nine months of FY24

Technical textiles manufacturing business Garware Technical Fibres reported that its consolidated net profit before tax increased by 25% in first nine months of the 2024 financial year to total Rs 180.2 crore compared to Rs 144.7 crore in the first nine months of the 2023 fiscal.  Garware Technical Fibres specialises in technical textiles – Garware […]

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Adidas slumps as weak profit forecast follows currency hit

By Bloomberg Published Feb 1, 2024 Adidas AG slumped after the German sports apparel maker said negative currency movements mean its profit this year will be less than half of what analysts were expecting. Reuters Operating profit should be around €500 million ($542 million) in 2024, Adidas said late Wednesday. That’s below the average analyst […]

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H&M profit target in spotlight as cost-cutting gathers pace

By Reuters API Published Jan 31, 2024 Swedish fashion retailer H&M is under pressure to prove to investors it can turn its fortunes around and fend off fierce competition from fast-fashion rivals such as Zara, whose sales are rising, and China-founded Shein, set to go public this year. H&M H&M, which sold more than $22 […]

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