Latest news with #Austria
Yahoo
2 hours ago
- Business
- Yahoo
Wolford Appoints Deputy CEO, Completes Capital Increase
MILAN — Wolford AG has appointed Marco Pozzo its deputy chief executive officer. At the same time, on Wednesday the luxury skinwear brand stated it has successfully completed a capital increase of 25 million euros, 'reinforcing the company's financial foundation to accelerate its strategic transformation.' More from WWD WWD Toasts Milan Men's Fashion Week With Cocktail Reception, Global Impact Council Dinner Pitti Uomo Protagonists Show Summer Chic for Spring 2026 Caruso: Playful Elegance, Suits, Authenticity Are Here to Stay The transaction, carried out via rights issue, resulted in the issuance of more than 5 million new shares at a subscription price of 4.80 euros per share, increasing the company's share capital to more than 71.4 million euros. This capital raise 'reflected the confidence of parent Lanvin Goup and other key investors in Wolford's vision and execution,' stated Wolford. Pozzo has previously worked in leading design and luxury brands ranging from Ermenegildo Zegna and Alessi, to FontanaArte and Driade, holding executive roles internationally — from Mexico to Greater China — spearheading major retail and organizational expansions, as well as the digital transformation and the omnichannel strategy of the brands. Regis Rimbert succeeded Silvia Azzali as the CEO of Wolford in the summer of 2024, but he left after only six months, as reported in January. This was a return to Wolford for Rimbert as he held senior management positions from 2009 to 2013 at the Austrian hosiery and innerwear company, driving its omnichannel transformation. Since Rimbert's exit there has been no CEO at the helm of Wolford. Azzali had set in motion a reorganization of the company, planning its expansion and inking a string of collaborations with brands ranging from No. 21, Jonathan Simkhai and Mugler to Adidas, Alberta Ferretti and Etro, among others, on collections that included jumpsuits or bodysuits in addition to hosiery. In February 2023, Nao Takekoshi was named artistic director. On her tours, Beyoncé has been seen wearing Wolford tights and bodysuits and her dancers, during the Cowboy Carter tour, wore matching denim chaps with Wolford x Etro paisley tattoo bodysuits. Wolford marks its 75th anniversary this year as it was established in 1950 near the shores of Lake Constance in the city of Bregenz. Since 2018, it has been part of the Lanvin Group — then called Fosun. Lanvin Group is publicly listed in New York, while Wolford is traded on the Vienna Stock Exchange. As reported in April, Lanvin Group revenues fell 23 percent to 329 million euros last year. Losses widened to 189.3 million euros from 146.3 million euros a year earlier. Adjusted losses before interest, taxes, depreciation and amortization widened to $92.3 million from $64.2 million. Some of that represented organizational and operational changes at the company, which also owns Lanvin, St. John, Sergio Rossi and Caruso. David Chan, executive president and chief financial officer of Lanvin Group, said on a conference call at the time that those adjusted losses included 14 million euros to 18 million euros to integrate Wolford's of WWD EXCLUSIVE: Maje Names Charlotte Tasset Ferrec CEO Nadja Swarovski Exits Family Company Amid Ongoing Corporate Shakeup Aeffe MD Exits Fashion Group
Yahoo
2 hours ago
- Automotive
- Yahoo
Steyr Motors: Earnings Call Invitation on the Publication of the 2025 Half-Year Report on Thursday, July 31, 2025 at 14:00 (CEST)
STEYR, Austria - July 17, 2025 (NEWMEDIAWIRE) - Steyr Motors AG (ISIN AT0000A3FW25), one of the world's leading companies in the field of customized engines for mission-critical defense and civil applications, will publish its 2025 half-year report on July 31, 2025. An earnings call will be held on that day at 14:00 (CEST). Julian Cassutti, the CEO of Steyr Motors, will host the event and present the results for the first six months of 2025, share the outlook for the remainder of the year, and provide a general overview of Steyr Motors' business development. The presentation will be followed by a Q&A session. The presentation will be held in English. To participate in the earnings call, please register here: You will then be provided with your own dial-in details to access the call. All participants will be on mute during the presentation. Participants who wish to ask a question may do so after the presentation during the Q&A session. Prior to the start of the earnings call, the unaudited half-year report for 2025 and an accompanying presentation will be available on the company's website at profile of Steyr Motors AGHeadquartered in Steyr, Austria, Steyr Motors AG is a global leader in the development and production of high-performance customized special engines with high power density and durability. The Company's engines are primarily used for military special vehicles, boats (both military and civilian) and as auxiliary power units ("APU") for main battle tanks and locomotives. In the full year 2024, Steyr Motors generated an (adjusted) EBIT margin of 24%. For 2025, Steyr Motors is aiming for a year-on-year increase in revenue of at least 40%, an EBIT margin of above 20%, and a production volume of at least 1,250 further information, please contact: Steyr Motors AGInvestor RelationsPhone: +436766222367E-mail: ir@ Press Contact in Germany, Austria, SchweizCROSS ALLIANCE communication GmbHSusan HoffmeisterPhone: +49 89 125 09 0333E-mail: sh@ Press Contact in FranceCLAIMatthieu MeunierPhone: +33 06 26 59 49 05E-mail: Press Contact in UK14:46 ConsultingTom SuttonPhone: +44 7796 474940E-mail: tsutton@
The Sun
2 hours ago
- Entertainment
- The Sun
Felix Baumgartner's tragic final post just hours before his death shows skydiver preparing for fatal paragliding ride
FELIX BAUMGARTNER'S tragic final post just hours before his death showed the skydiver preparing for his fatal paragliding ride. Tributes have poured in after the Austrian daredevil, 56, was tragically killed when his motored paraglider crashed in Italy on Thursday. 11 11 11 11 11 Baumgartner, famed for hurtling 24 miles to Earth on a live stream in 2012, reportedly fell ill while flying in the sky around Porto Sant-Elpidio. The renowned extreme sportsman then crashed into a hotel swimming pool and was killed immediately. A worker was also taken hospital with neck injuries after being struck in the accident. And fans hailed Baumgartner on social media following the sad news of his death. Eerily, his own final moments online saw him prepare for what turned out to be his fatal last flight. In one post on Instagram, Baumgartner uploaded a video showing him working on the paraglider. The ace dug into his toolbox to make several adjustments to the motor at the back of the glider. While in another photo, posted on his Instagram story, Baumgartner revealed the blustery conditions on the day, declaring: 'Too much wind.' His tragic death came 13 years after soaring 24 miles into the air using a helium balloon. Watched by millions on a livestream backed by Red Bull, Baumgartner then threw himself into the void before hurtling back to Earth at record-breaking speeds. Skydiver Felix Baumgartner recalls his historic jump from space 11 11 11 11 The ace hit a top speed of Mach 1.25, or 843mph, making him the first person to break the sound barrier outside a vehicle. Reflecting on his feat years later, Baumgartner said: 'I wanted to be the first human outside of an aircraft breaking the sound barrier. 'It's very difficult to a perfect exit, do not over-rotate, there's no air to use to slow down. 'First 25 seconds it looked like everything's under control. Then after 34 seconds I hit Mach 1 and broke the speed of sound. That was our goal. 'I was mentally prepared to spin. I started, it got faster. There was no protocol. Then it really ramped up. It wasn't about breaking records any more, it was about survival. '(In the end) I was happy. Even the landing was perfect.'
France 24
4 hours ago
- France 24
Austrian space diver Felix Baumgartner was 'born to fly'
Baumgartner's dramatic 2012 jump from a capsule more than 39 kilometres (24 miles) above the Earth propelled the extreme adventure-seeker into the record books. Sporting a "born to fly" tattoo, Baumgartner recorded the fastest freefall by leaping from the capsule and reaching a top speed of 1,357.6 kilometres (843.6 miles) per hour. Baumgartner died on Thursday in Italy, an emergency services official in the Marche region in the north of the peninsula told AFP. His two childhood dreams were to be a skydiver and a helicopter pilot. "I always had the desire to be in the air," Austrian media quoted Baumgartner as saying. "I climbed trees, I wanted to see the world from above." Baumgartner said that his training for the legendary Red Bull Stratos jump, which ended safely in the desert of the US state of New Mexico, had begun 26 years earlier, in 1986, when he first jumped out of an aeroplane. 'At home in the air' In his youth, Baumgartner, who was born in the Austrian city of Salzburg, worked as a car mechanic and repaired motorcycles as he searched for ways to take to the sky. Having completed his first skydive in his teens, he improved his skills in the Austrian military. Over time, he built up an impressive portfolio of stunts. One of his first records was in 1999 for the lowest BASE dive from the hand of Rio de Janeiro's Christ the Redeemer statue in Brazil, which is 95 feet (29 metres) above the ground. BASE is an acronym for four things that can be jumped from: buildings, antennas, spans and earth. A licenced helicopter pilot and gas balloonist whose hobbies included boxing and climbing, he twice also set world records for the highest BASE jump from a building. In 2003, he completed the first winged "freefall crossing" of the English Channel, leaping out of an aircraft and flying the rest of the way to from England to Calais in northern France with a pair of carbon wings. Though never quite in the limelight as much again as in 2012, Baumgartner continued to seek thrills throughout his life, flying loopings with helicopters and driving race cars. Dividing his time between Switzerland and the United States, Baumgartner commented avidly on politics and rubbed shoulders with Austrian far-right politicians in his native country. On social media, he mocked the fight against climate change, actively speaking out against Green parties, and LGBTQ rights. In 2016, he faced a storm of criticism when suggesting that anti-migration Hungarian Prime Minister Viktor Orban should win a Nobel Peace Prize for protecting his country. 'Biggest dream' Despite the dangers, the telegenic Baumgartner never seemed to fear having to pay the ultimate price for his passion -- stressing that it was all about doing your homework. "I hate it if someone calls me a thrill-seeker or an adrenaline junkie because I am not. I like the whole planning," Baumgartner said ahead of the 2012 stunt. "When you're standing there on top of the world, you become so humble... The only thing is you want to come back alive," Baumgartner told reporters. Shortly before leaping, in footage beamed live around the world on a crackly radio link recalling Neil Armstrong's first words on the Moon, Baumgartner had said: "Sometimes you have (to go) up really high to (understand) how small you are." Baumgartner later said that he had done the record-setting jump to "inspire people" and to "leave something to the world". In a 2022 documentary, he said that he would leave the world with a smile on his face, knowing that "big dreams always win". burs-jza/jj/bc © 2025 AFP
The Sun
5 hours ago
- Entertainment
- The Sun
Felix Baumgartner dead at 56: Skydiver famous for space jump dies in paragliding tragedy after crashing into pool
FELIX BAUMGARTNER has died aged 56 after crashing into a pool in a paragliding tragedy. The Austrian skydiver became a household name when he jumped to Earth from a helium balloon in 2012. 2 2 He set world records for skydiving an estimated 24 miles and reaching an estimated top speed of Mach 1.25 (843.6mph), becoming the first person ever to break the sound barrier without vehicular power. But Baumgartner's latest adventure ended in tragedy as he plunged to his death while attempting another stunning feat. According to Sky Austria, the extreme sports lover was in Porto Sant'Elpidio, Italy, when disaster struck. Baumgartner had been flying in a motored paraglider when he suffered a "sudden onset of illness." This caused him to lose control, with Baumgartner's glider crashing to the ground and into a hotel swimming pool. He was reportedly killed instantly in the tragic accident. Meanwhile, a hotel employee was also injured during Baumgartner's fall. They were said to be struck by the paraglider as it hit the ground. The employee was rushed to hospital and is said to have suffered neck injuries. Fans quickly paid tribute to Baumgartner on social media. One said: "RIP legend." Another declared: "Can't believe, am so sorry for his friends and family." One noted: "We will all miss you Felix." Another added: "Shocked by the news, RIP." THIS IS A DEVELOPING STORY..
