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Henkel gives soft growth guidance, as weak North America weighs

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Reuters

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March 11, 2025

Germany’s Henkel gave a soft guidance for 2025 organic sales growth on Tuesday, projecting a slower start to the year due to tough industrial environment and muted consumer sentiment especially in North America.

Schwartzkopf

Preferred shares of the Persil and Schwarzkopf owner fell 9% to the bottom of Europe’s benchmark STOXX 600 index as of 1014 GMT.

Henkel, a rival to market leaders L’Oreal and Procter & Gamble, has been grappling with subdued consumer spending on personal and home care products and weakness in industrial sectors such as automotive and electronics.

Annual sales in North America fell in both its segments, resulting in an organic decline of 1.1%, as challenging industrial markets dragged the adhesives business while its focus on portfolio optimization weighed on consumer brands, CFO Marco Swoboda said in a call with investors.
North America made up 28% of its sales last year.

The Loctite glue maker said it expected organic sales to grow between 1.5% and 3.5% in 2025, after 2.6% growth last year missed analysts’ consensus.

After a slow start, sales growth should accelerate in the course of the year and lead to a stronger second half, it added.

At 2.5%, the midpoint of the outlook range is below the 3% growth estimated by analysts polled by Vara Research.

Henkel expects prices for direct materials to rise in a low to mid-single-digit percentage in 2025, while currency exchange effect will be neutral or negative in low single digits, it said.

It also forecast an annual operating margin of 14% to 15.5%, compared to 14.3% last year.
A potential rise in German defence spending could positively affect Henkel, which supplies adhesives to the aerospace, industrial and automotive segments, CEO Carsten Knobel said during the call.

Germany, however, contributes only marginally to the company’s overall sales, most of which are made in international markets, Knobel added.

Henkel’s shares slumped despite a 10% hike to the annual dividend and an announced share buyback of up to 1 billion euros ($1.1 billion). 

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Bio-materials start-up Sequinova works with Stella McCartney on sustainable sequins

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All that glisters in fashion can also be sustainable. Sequinova, the London-based biomaterials startup, unveiled its “revolutionary” plant-based sequins at Stela McCartney’s Autumn/Winter 2025 Paris Fashion Week runway show.

Stella McCartney A/W25

And the collaboration marks “the world’s first commercial use of plant-based sequins… offering a sustainable alternative to fossil-derived plastics, without compromising on performance or shine”.

Sequinova’s sequins, which debuted on two of McCartney’s hand-embroidered mini dresses, will be commercially available later this year, the first time that customers will be able to purchase bio-based sequin garments.

Its flagship sequins are derived from sustainably-sourced wood and utilise a green chemical process. And by combining plant-based ingredients with bioengineered microorganism pigments, Sequinova is also developing high-performance, bio-based colours optimised to replace fossil-derived colourants.

Citing a global sequin market that’s expected to be valued at almost $17 billion and expected to nearly double over the next decade, Sequinova says it’s a major contributor to microplastic pollution, with the fashion industry responsible for 35% of the world’s microplastics . 

So Sequinova’s innovation “provides a much-needed solution to this pressing environmental and global health issue”, it says.

Clare Lichfield, co-founder of the firm, added: “Stella McCartney is a true pioneer and is the leading industry reference on next-generation materials. Our partnership with her makes commercial plant-based sequin garments a reality and marks the beginning of a revolution in the replacement of petroleum-derived plastic sequins, which cause such destruction to our environment.”

A spokesperson for the Stella McCartney brand added: “These sequins are beautiful and radiant, aligned with our vision of never compromising desirability nor sustainability. Having been a PVC-free brand since 2010, this colaboration brings us one step closer to collections that do not harm our community, fellow creatures and Mother Earth.”

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Clergerie placed in liquidation as going concern

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Translated by

Nicola Mira

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March 12, 2025

After going in receivership on December 4 2024, French footwear brand Clergerie was placed in liquidation as a going concern on Tuesday March 11 by the trade court of Romans-sur-Isère in France, local newspaper Le Dauphiné Libéré has reported.

Clergerie

The judicial liquidation procedure allows Clergerie to continue trading until April 25, and relates to SSB, Clergerie’s production company operating the brand’s factory in Romans. The factory still employs 31 workers, of whom 29 have been put in short-term unemployment, wrote Le Dauphiné Libéré. Clergerie operates a second company, JHJ, which looks after the products’ commercialisation via the retail and wholesale channels, and online. JHJ’s 15 employees are for the time being continuing their activity.

Potential Clergerie buyers have until March 18 to submit their bid, with the next hearing scheduled for April 2. According to the local press, a dozen expressions of interests have been registered.

Le Dauphiné Libéré wrote that Clergerie’s third company, which owns the trademark, has not yet been put into liquidation. 

Two years ago, Clergerie was bought by US group Titan Footwear following commercial court proceedings in Paris, having filed for receivership in March 2023. However, Joe Ouaknine, businessman and owner of Titan Footwear, hasn’t been able to revive Clergerie.

The brand was founded in 1981 by Robert Clergerie, and is one of the last bastions of French footwear production. It benefits from a long-standing industrial heritage, since Romans-sur-Isère has been a shoe manufacturing hub since the end of the 19th century. A few other iconic footwear brands hail from the same area, like Stéphane Kélian – owned by the Royer group and about to be relaunched – and Charles Jourdan, also owned by Royer but currently dormant.

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Arket will be latest big name to open on King’s Road this summer

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In the same week that Arket announced plans to debut in Ireland with its first physical store there, the brand said it would open another London store this summer.

The company will open a flagship on the King’s Road in Chelsea, joining a recent stream of openings there such as BasicNet’s K-Way label, Birkenstock (which opens on Friday this week), Penelope Chilvers, and KayaNuka. And Arket’s H&M Group stablemate, H&M, also opened on the popular shopping thoroughfare a year ago.

The Arket flagship will be the brand’s fourth store in London following previous openings on Regent Street, Covent Garden, and at Selfridges, which was the label’s very first in-store concession.

Arket MD Pernilla Wohlfahrt said London “holds a special place in our hearts after opening our very first Arket store on Regent Street in 2017. We look forward to deepening our relationship with our local customers and inviting them to explore our curated, modern-day market offering”.

As mentioned, the news comes as the brand prepares to enter Ireland and not long after it announced that it’s also to open physically in Greece for the first time this year with a debut in Athens.

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