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.
After public scandal threatened its ethical image, CEO Michael Preysman believes the L Catterton-backed disruptor can still win on radical transparency even as competitors lay claim to the sustainable fashion space.
A start-up selling Amazon Go-like checkout technology to retailers has raised money from investors at a $1 billion valuation, minting a new unicorn a year into a pandemic that has helped bolster the case for automated checkout.
A start-up selling Amazon Go-like checkout technology to retailers has raised money from investors at a $1 billion valuation, minting a new unicorn a year into a pandemic that has helped bolster the case for automated checkout.
The retailer to is hoping to save cash while dealing with a sales slump brought on by the pandemic.
Athleta and US Olympian Allyson Felix’s partnership is rooted in shared internal values that reflects the brand’s commitment to forwarding female empowerment.
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Analysts had forecast a 20.97 percent fall in comparable sales, but the company reported a 13 percent rise.
The group of lawyers claim Trump’s 'vaguely worded' executive order violates WeChat users’ free speech and due process rights.
The secondhand fashion e-tailer could raise between $200 million and $300 million, people familiar with the matter said.
The healthcare brand is exploring the potential deal through a merger with a blank-check acquisition company that could value it at more than $1 billion.
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The denim brand reported a 62 percent drop in net revenue in the second quarter and said it will cut 700 jobs in order to save $100 million annually.
The US retailer has sold around 10 million of the non-medical grade face masks and requires a minimum of 100,000 masks per order.
The controversial and influential entertainer and designer will bring his Yeezy collection to Gap in a co-branded line of apparel in 2021.
Net loss came in at $932 million, or $2.51 per share, for the three months ending May 2.
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.