86
Fashion Jobs
SHISEIDO
K-Key Account Lead
Permanent · HO CHI MINH CITY
ADIDAS
Senior Director Product Creation Ftw
Permanent · HO CHI MINH CITY
L'OREAL GROUP
Corporate Affairs & Reputation Manager - Corporate Affairs & Engagement
Permanent · HO CHI MINH CITY
JO MALONE LONDON
Education Manager, Jml/lm
Permanent · HO CHI MINH CITY
L'OREAL GROUP
Senior HR Operations Executive/ Assistant Manager
Permanent · HO CHI MINH CITY
ADIDAS
Key Account Manager (Franchise)
Permanent · HO CHI MINH CITY
ADIDAS
Senior Manager, Commercial, Adigolf, Vietnam 1
Permanent · HO CHI MINH CITY
ADIDAS
Key Account Manager 1 (Franchise)
Permanent · HO CHI MINH CITY
COLUMBIA
lo Costing & Engineering Manager
Permanent · HO CHI MINH CITY
L'OREAL GROUP
Category Manager - Cpd
Permanent · HO CHI MINH CITY
L'OREAL GROUP
Business Planning Manager - Cpd
Permanent · HO CHI MINH CITY
ADIDAS
Senior Manager Product Creation (Sportwear)
Permanent · HO CHI MINH CITY
L'OREAL GROUP
Product Manager - Shu Uemura
Permanent · HO CHI MINH CITY
ADIDAS
Manager, Quality Product Integrity
Permanent · HO CHI MINH CITY
TAPESTRY
Manager, Manufacturing Engineer
Permanent · HO CHI MINH CITY
SPECIALIZED
Painting Quality Engineer - Bình Dương, Vietnam
Permanent ·
ON RUNNING
Social Compliance Specialist - Hcm Based
Permanent · HO CHI MINH CITY
ADIDAS
Senior Manager, Sourcing Operations
Permanent · HO CHI MINH CITY
WILLIAMS SONOMA
Wood Sustainability Specialist - (Global)
Permanent · THUẬN AN
PUMA
Manager Quality Apparel & Accessories
Permanent · HO CHI MINH CITY
PUMA
Senior Executive, Finance
Permanent · HO CHI MINH CITY
PUMA
Head of Quality Footwear
Permanent · HO CHI MINH CITY
Published
Oct 10, 2022
Reading time
2 minutes
Download
Download the article
Print
Text size

Leeds Group to close German subsidiary KMR

Published
Oct 10, 2022

Leeds Group is to close its loss-making Stoff-Ideen-KMR subsidiary in Germany. The UK-based fabrics and haberdashery wholesaler/retailer cited the conflict in Ukraine together with continuing uncertainty in global markets for “deepening” the impact on the German economy and affecting consumer confidence.


Leeds Group


The situation was exacerbated by the Covid-19 woes continuing to affect its markets in the early part of this year where Germany and European counterparts continued to introduce restrictions to curb the spread of the Omicron variant “which directly impact retail operations”. 

Leeds Group said the closure of the retail arm will allow it to concentrate on its larger wholesale operations, German sister brand Hemmers-Itex Textil Import Export.

“Local management have reviewed the options available to both its trading companies… to ensure the company is able to meet its ongoing challenges”, it said Monday.

The company added: “KMR has continued to make losses in the current financial year and, following an independent review, Hemmers management have decided that the KMR business is unsustainable and has today placed KMR into an insolvency process. During this process, the insolvency administrator will control and operate KMR to realise its assets in order to pay any outstanding creditors”.

It added: “The Hemmers management and Leeds Group directors are committed to ensuring that Hemmers returns to profitability and confirm that sales for the current year are in line with their expectations”.

For the year ended 31 May 2021, audited revenue for KMR accounted for £5.34 million, or around 16% of the company's overall revenue, while Hemmers revenue accounted for £27.67 million, or 84% of its overall revenue in the same year.

Copyright © 2024 FashionNetwork.com All rights reserved.