The Austrian hosiery company has announced that its CEO Axel Dreher has resigned from his role and will leave the company on 31 October “on the most amicable terms”. Silvia Azzali has been appointed as CCO.
The renowned photographer will hold an exhibition of his favourite works in Milan from Oct.18, 2019, to Feb. 24, 2020. Entitled "From Portraiture to Fashion," it will be staged at the 29 Arts in Progress gallery.
Wolford's latest results showed it remains loss-making. But it expects to be profitable in the 2020/21 financial year and should be helped by its Chinese ops as well as launches such as its planned athleisure debut.
Following its recent acquisition of an increased stake in Tom Tailor, the Chinese firm has presented a takeover bid for the struggling German apparel company, making an offer below the group's current market value.