BERLIN — Britta Steilmann is stepping down as chief executive of the Steilmann Group, one of Germany’s largest apparel producers, in August.
In 2001, Steilmann took the reins of the family firm in response to a request from shareholders and the supervisory board. During her tenure, the Bochum-Wattenscheid-based producer was restructured and shed unprofitable divisions and 1,200 jobs in Germany and overseas. Now, 11,600 people work for the Steilmann Group globally. Steilmann generated sales of about $575 million in 2002, converted from euros at current exchange.
Hermès is launching a Laundromat pop-up shop in NYC - dubbed Hermèsmatic - where customers can bring their old scarves to be dip-dyed by an expert. Get all the details on WWD.com. #wwdnews (📷: @donstahl)