February 27, 2017
The German fashion and skiwear brand saw sales decline 7% to €200 million ($221 million) including license revenue in its fiscal year ended Nov. 30, but since then sales have gained 5% in retail stores and double digits online.
Announcing preliminary results for 2016, the parent of Kappa, Robe di Kappa, K-Way, Superga and other brands saw EBIT decline 41% to €15.2 million ($16.8 million) from €25.7 million on total sales that increased 1% to €740.0 million ($818.6 million).
Zabel, a 10-year company veteran, was named president of JHTNA’s U.S. commercial division adding to his responsibilities as global chief marketing officer.
The Finnish company had a loss of €2.0 million ($2.2 million) against net income of €8.1 million for the year on 6% lower sales at €260.6 million ($288.3 million).