Rieter sells Real Estate in Ingolstadt

Sale of real estate to GERCHGROUP AG •             Completion of the transaction in the third quarter of 2019 •             Extraordinary profit contribution of around 60 million euros expected in 2019 Rieter sells its real estate in Ingolstadt (Germany) to GERCHGROUP AG of Düsseldorf (Germany). The respective purchase agreement was notarised today. As a result of … More Rieter sells Real Estate in Ingolstadt

Itema exhibits best-in-class weaving innovations at DTG Dhaka

Itema, the leading Italian manufacturer of best-in-class weaving machines, spare parts and integrated services, is exhibiting at DTG Dhaka (Hall 7 / 510) from January 9th – 12th at BICC – Bangabandhu International Conference Centre in a joint booth with its sole agent in the country Pacific Associates. The Italian based Company will showcase its … More Itema exhibits best-in-class weaving innovations at DTG Dhaka

Personalities

Petri Helsky appointed President & CEO of Suominen Suominen’s Board of Directors has appointed Petri Helsky as the new President & CEO of Suominen Corporation. Before joining Suominen, Helsky was the CEO of Metsä Tissue Corporation until September 2018. He starts as President & CEO of Suominen on  January 7, 2019. “Suominen has great growth … More Personalities

Why founder of the Chinese Hypebeast thinks next global streetwear wave will begin in China

Style-savvy, high-spending Chinese millennials are eager to define their own streetwear style, says CEO of Yoho!, a major influence on the culture Since it began importing streetwear in 2005, Yoho! has seen a surge of interest, and thinks it’s time the flow was reversed and China set tone for the world From hip-hop culture, fuelled … More Why founder of the Chinese Hypebeast thinks next global streetwear wave will begin in China

KappAhl Q1 2018/2019: A quarter with intensive campaigns and expansion

“After the close of the first quarter of the financial yearwe see that KappAhl performed better than the industry in all sales markets.Sales increased by 2.4 % compared with the previous year, but the slowing consumption meant a continued high tempo of costly sales activities.”  •             Sales increased by 2.4 % in the quarter. •             … More KappAhl Q1 2018/2019: A quarter with intensive campaigns and expansion