Alexander Gedat becomes CEO of Marc O’Polo
The casual brand, founded in 1967 in Stockholm, has been based in Germany since 1997. For its new fiscal year started on 1 June, it showed once more an increase of about 10%. During fiscal year 2011/2012, according to preliminary figures, sales totaled 346 million euros of which 29% came from abroad. The brand's sales have topped the $400 million mark. The brand has recently launched in France under the leadership of market manager Gerhard Loesch, former director of Hugo Boss France. The first two French stores are planned to open this fall.
By Bruno Joly
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