Connect with us

Fashion

Global Blue reveals new hires on COO, APAC and Central Europe departure

Published

on


Global Blue announced on Monday the departure of Greg Gelhaus, chief operating officer, APAC and Central Europe, effective March 1.

Shutterstock

Gelhaus, who has been significant in driving the Swiss retail tech company’s growth in the region, has left “to pursue new opportunities,” according to a press release.

As a result of the departure, Laurent Delmas, currently Global Blue COO for Southern Europe will now expand his leadership to oversee Eastern European countries and the Middle East, adding Austria, Croatia, Czech Republic, Hungary, Poland, Serbia, Slovakia and Switzerland to his jurisdiction.

An expert in various management roles at an international level, the executive will be tasked with the integration and development of the Eastern European markets, further strengthening the firm’s presence in the region.

In addition, Gavin Ingram has been appointed COO APAC (excluding Japan), overseeing South Korea, Singapore, and China, as well as leading Global Blue’s expansion into new APAC markets. Ingram will focus on the region’s strategic growth, driving key initiatives and priorities for each country.

With a decade of experience leading the APAC legal team, Ingram has also driven the new markets initiative in APAC for the past several years.

Finally, Virginie Alem has been promoted to the role of COO of Japan, taking on the role in addition to her current responsibilities as chief marketing officer. 

As COO Japan, Alem will oversee the transformation of Global Blue’s operations in the country, working closely with the team to navigate Japan’s upcoming 2026 Tax Free Shopping regulatory changes. These reforms will shift Japan from a VAT-Off model, where tax refunds are processed in-store, to a VAT-On model, requiring post-customs validation—a system already used in Europe, Singapore, and Korea.

Alem has previously led several initiatives at Global Blue, including the Global Blue rebranding and the transformation of the company’s commercial approach.

“With these strategic leadership changes, Global Blue is ensuring a smooth transition and maintaining its commitment to operational excellence,” said the company in a statement.

Founded some 40 years ago, Global Blue connects thousands of retailers, acquirers, and hotels with nearly 80 million consumers across 53 countries, in three industries: Tax Free Shopping, Payments and Post-Purchase solutions. The company generated €28bn sales in store and €422M revenue in FY 2023/24, and today boasts over 2,000 employees.

Copyright © 2025 FashionNetwork.com All rights reserved.



Source link

Continue Reading

Fashion

Adidas forecasts higher profits this year as retro sneaker demand surges

Published

on


By

Bloomberg

Published



March 5, 2025

Adidas AG expects higher profits in 2025 as the German sports brand expands its lineup of retro sneakers, which have fueled renewed momentum in global sales.

According to a statement released Wednesday that builds on January’s preliminary fourth-quarter earnings report, the company projects an operating profit of €1.7 billion ($1.81 billion) to €1.8 billion this year. While this falls short of analysts’ €2.07 billion average estimate, Adidas is known for its conservative guidance, having raised its outlook three times last year.

The recent strong performance highlights the company’s recovery under CEO Bjørn Gulden, now in his third year leading the brand. The former Puma SE CEO is credited with managing the fallout from Adidas’ terminated partnership with rapper and designer Ye, formerly known as Kanye West. Investors have responded positively to Gulden’s back-to-basics approach, which focuses on sportswear and pragmatic product development. He aims to narrow the gap with Nike Inc., which, despite its struggles, remains the industry leader.

Retro sneakers drive Adidas’ revival

Demand continues to surge for retro sneaker models, including the Samba and Campus, which have helped revive the brand after a series of challenges in recent years. Adidas has also introduced additional throwback styles, such as the SL72 running shoe and Tokyo trainer, catering to the growing appetite for vintage designs.

Due to the sustained popularity of these models, Gulden has postponed the re-release of the 1970s-era Superstar basketball shoes, aiming to prevent oversaturation in the three-stripe sneaker market.

Beyond lifestyle footwear, Adidas is also seeing strong demand for its sports gear, particularly the Predator football boots and the Adizero running shoe franchise, the company said.

Global sales momentum and Yeezy exit

Adidas expects currency-neutral sales to grow at a high-single-digit rate in 2025, which is in line with analyst estimates. Excluding the now-defunct Yeezy franchise, the brand anticipates double-digit growth.

The company reported a 16% sales increase in Greater China and a 25% surge in Europe during the fourth quarter. North American sales rose 15%, marking a significant gain in a region long dominated by Nike, where Adidas has previously struggled.

Adidas completed the sale of its remaining Yeezy inventory in the fourth quarter, generating €650 million in revenue during 2024. The final sales occurred over two years after the brand severed ties with Ye.

Adidas shares have climbed about 32% over the past year, outperforming both Nike and Puma.



Source link

Continue Reading

Fashion

END.-Adidas collab campaign heads to Berlin to ‘tie the knot’

Published

on


UK-based global fashion retailer END. has promised a breathless celebration for its 20th anniversary and core to its mission is maintaining collaborations with long-standing brand partners. One of its biggest associations is with sportswear giant Adidas so the pair are now exclusively ‘Tying the Knot’ as part of those anniversary celebrations.

As an ode to the “essence of love and partnership”, both END. and Adidas “merge classic Adidas silhouettes with refined co-branded details in their latest execution of the Superstar Vintage and Japan OG”. 

With minimal exteriors (in sleek black leather and white lace uppers), a “subtle yet meaningful touch” is embossed on the underside of the tongue with the classic phrase of ’something old, something new, something borrowed, something blue’.

For the campaign, the pair have embarked on a journey to Berlin documenting five couples from diverse backgrounds to frame the collaboration “in a modern context of love and understanding of beauty within each relationship”. 

The couples “navigate and redefine sneaker culture through storytelling and innovation, with a shared commitment to quality, heritage and progressive design”.

The END. x adidas ‘Tying the Knot’ collection launches Friday (7 March) at END. stores and online priced from £125 to £150/€139 to €175.

Copyright © 2025 FashionNetwork.com All rights reserved.



Source link

Continue Reading

Fashion

(Fashion) Minority Report and ASOS return for a second incubator programme

Published

on


Applications have been opened for round two of ScaleUP, the incubator programme for ‘global majority’-owned brands that’s run by the (Fashion) Minority Report (FMR) in partnership with ASOS.

The previous incubator’s winners were Isabelle Pennington Edmead and Taideux

Global majority refers to people of African, Asian, indigenous, Latin American, or mixed-heritage backgrounds who comprise 85% of the world’s population. And ScaleUP is designed to help bridge the gap between the fashion industry and those brands that “continue to face barriers in accessing the fashion market and scaling up their business operations”.

The programme provides successful candidates with support including insight and guidance from industry experts, mentorship, wholesale opportunities, the opportunity to pitch for funding help in developing a long-term strategy.

Applications for ScaleUP will be open until 3 April. They’ll be reviewed and shortlisted by a panel of judges including  Daniel Peters, FMR founder; ASOS’s creative EVP Vanessa Spence, and its partner brand director Shazmeen Malik; plus the BFC’s Head of designer initiatives and education, Katie Rawle, with more judges to be announced soon.

The inaugural programme debuted in 2023 and FMR and ASOS have learnt from that experience saying that this year “every brand selected as a finalist will be supported in scaling up their business through masterclasses in marketing, finance and wholesale”. 

Meanwhile the overall winning brand will receive an investment of £20,000 and their collection will be sold on ASOS.com, with a second place winner receiving £10,000 to scale up their brand. 

The 2023 launch programme saw 100 applications with11 applicants being shortlisted and six brands receiving expert guidance and mentoring. 

The two final winners of the first programme were womenswear specialists Isabelle Pennington Edmead and Taideux. The latter has already launched on ASOS.com, while Isabelle Pennington Edmead will launch this spring.

Copyright © 2025 FashionNetwork.com All rights reserved.



Source link

Continue Reading

Trending

Copyright © Miami Select.