Shares of Versace Owner Capri Seen Falling 30% If Deal With Coach Owner Tapestry Fails
Since the merger announcement, Capri has reported weaker-than-forecast earnings twice, spurring concern about its performance in the coming quarters.
Like many of its peers, Woolworths has invested heavily in its beauty business by partnering luxury international brands such as House of Chanel, Estée Lauder and Jo Malone.
Sales at the local fashion, beauty and home business declined by 2 percent, with comparable store sales down 2.4 percent due to a significantly smaller winter clearance sale in the first quarter.
Some stores were closed earlier in the week following a backlash over racist comments by a man said to have links to the US sportswear company.
A Nike employee’s husband posted racist video while on vacation.
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The owner of Long4Life has made a string of acquisitions, including sporting goods retailer Holdsport and beauty chain Sorbet.
Almost 70 companies, including H&M and Inditex, will stop using mohair following the release of video footage from 12 Angora goat farms in the Karoo region depicting animal cruelty.
With international editions of Vogue for the Middle East, Latin America and more recently for Poland and even the Czech Republic, calls for Vogue Africa are growing louder.
Executives need to keep a close eye on the South African fashion market as it could be poised for a rebound after years in the doldrums. Newly installed president Cyril Ramaphosa has a tall order but industry leaders are emboldened.
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Protesters angered by H&M's controversial picture of a black child trashed several of the Swedish fashion group's South African stores.
The company has suspended the auction of its jewellery and high-end watches business after failing to find a buyer willing to pay their $31 million asking price.
The world’s biggest maker of beauty products is hoping to capture a market that it estimates at 100 million middle-class consumers.
Bain Capital Partners LLC’s decision to walk away from Edcon Holdings Ltd. leaves South Africa’s largest clothing retailer to claw back market share.
Since the merger announcement, Capri has reported weaker-than-forecast earnings twice, spurring concern about its performance in the coming quarters.
The new scent, Zouzou, is the fashion house’s first new perfume since 2022.
Unilever Plc sales jumped more than expected in the first quarter as Chief Executive Officer Hein Schumacher pushes ahead with his turnaround plan and shoppers come back to premium brands.
President Biden signed the bill that gives China-based ByteDance 270 days to divest TikTok’s US assets or face a ban.
The Alphabet Inc. company said in a blog post Tuesday that it’s still working with the ad industry and regulators on the plan.
Overall revenues for the three months through March totalled 818 million euros ($874 million), above a company-provided analyst consensus of 786 million euros.
Embattled by weak demand and currency issues in Nigeria, the company is looking to slim down in order to return to growth.
EU lawmakers backed the Corporate Sustainability Due Diligence Directive by 374 votes to 235 against, with 19 abstentions.