Douglas

Jean-Marc Bellaiche (56) will become Douglas’s chairman of the executive board for four years from 1 November; Sander van der Laan is stepping back from operational management. The company has already cut its full-year outlook twice this year, and operating profit fell into the red due to weak consumer demand and write-downs. The share price is trading at a record low, and analysts view the leadership change after the CFO switch in 2025 as a logical step to advance strategy execution and restore investor confidence. » More on wiwo.de

Douglas appoints Jean-Marc Bellaiche (56) as CEO for four years, effective 1 November. The previous CEO, Sander van der Laan, is withdrawing from active management. The company had recently repeatedly cut its annual outlook and suffered from weak consumer demand; the stock rose moderately after the announcement. » More on finanzen.net

Goldman Sachs downgraded Douglas from “hold” to “sell” and cut the price target from €9 to €7, sending the stock down to about €8.06. The move followed weaker Q3 figures: revenue down 2.0% to €987.8m and adjusted EBITDA down 19.4%, while management left the full-year guidance unchanged. Analysts are split (4 buy / 4 hold / 1 sell); price targets range from €7.00 to €14.20. The InvestingPro fair value is €10.16, indicating upside versus the current share price. » More on de.investing.com