Luxottica Group SpA shares slumped in Milan after co-chief executive officer Adil Mehboob-Khan resigned, becoming the third leader the company has lost in 15 months.
Luxottica Group SpA said co-chief executive officer Adil Mehboob-Khan resigned, to be replaced by founder Leonardo Del Vecchio, as the board of directors approved a simplification of its structure.
Luxottica Group SpA, the world’s largest eyewear maker, reported record second-quarter revenue and earnings, boosted by growth in emerging markets.
Luxottica Group SpA, the world’s largest eyewear maker, reported record full-year profit as sales of Ray- Bans and other frames surged in North America.
Spanish beauty and fragrance group Puig Brands SA shares rose after the company and its founding family raised €2.6 billion ($2.8 billion) in an initial public offering, in Europe’s biggest listing so far this year.
The former Public School and DKNY designer will launch the cap brand’s first apparel line.
Nordstrom shares rose 6 percent on the news, giving the company a market value of about $3.3 billion.
A double-digit decline was attributed to the brand’s distribution changes.
Spatch will debut on May 4 with a nine-piece collection of skin-perfecting products designed for professional and consumer use.
The Danish company, which makes more pieces of jewellery than any other in the world, said organic sales are projected to rise 8-10 percent this year.
Despite a brief uptick in sales, up 24 percent between 2021 and 2022, the brand’s growth has stalled.
The move comes as System owner Mike Obenson aims to turn what began as a bi-annual print title into a global media brand with a stronger digital offering.
