14 February 2025
14 February 2025
The deal will be finalised for £289m in cash - a substantial expansion for the New York-based company
The closures will affect almost every state, including 60 locations in California.
The company’s net profit increased 1.4% to 15.2bn pesos in the fourth quarter of the fiscal year.
Deichmann operates 4,700 stores in 34 countries, employing more than 49,000 people.
The company’s fiscal 2024 net sales increased 0.9% to €89.4bn at constant currency rates.
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