
Moa Strand, currently chief marketing officer of menswear brand Tiger of Sweden, has taken up the role of interim CEO following the sudden resignation of Hans-Christian Meyer on Monday.
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Moa Strand, currently chief marketing officer of menswear brand Tiger of Sweden, has taken up the role of interim CEO following the sudden resignation of Hans-Christian Meyer on Monday.
Tiger of Sweden CEO Hans-Christian Meyer has resigned with immediate effect after little more than a year in the position, it has been announced. No reason has been given for his sudden decision.
IC Group reported its results for Q2 on Wednesday and its two remaining brands still face challenges, despite stronger performances in their wholesale operations.
Tiger of Sweden and By Malene Birger owner IC Group is selling its under-performing Saint Tropez brand to DK Company A/S and has also issued a warning that its remaining brands will be weaker than it had expected.
Tiger of Sweden and By Malene Birger's owner continues to struggle as the wrong weather and higher costs dent profitability, despite the Tiger brand in particular continuing to perform.
Tiger of Sweden has opened the pilot store in a series of new concept designs that are meant to link to its Swedish heritage while also connecting with modern consumers.
Declines at By Malene Birger and Tiger of Sweden meant a challenging year for IC Group, but a new structure means its brands will sink or swim on their own merits at it becomes a holding company and mulls more sell-offs.
IC Group may have been under pressure in recent periods but at least it had some better news on Friday as the owner of the Tiger of Sweden and By Malene Birger brands revised its earnings guidance upwards.
Times are tough at Denmark’s IC Group with the Tiger of Sweden and By Malene Birger owner reporting weak sales. And while consolidated operating profits are rising, gross profit is down and it faces huge challenges.
With former Burberry Runway designer Christoffer Lundman, the Swedish label is going from strength to strength, offering a broader creative range and putting high quality centre stage.