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.
Langer will leave the German fashion house on September 30 but will continue on as a consultant until the end of the year due to the Covid-19 outbreak.
With a deal to buy the beleaguered Italian house imminent, it's unclear whether Roberto Cavalli can deliver a return in a rapidly changing fashion market.
This week Tapestry adds two new members to its group of executives, while i-D hires its new global fashion editor.
Claus-Dietrich Lahrs is exiting the luxury brand after three years in the chief executive role and less than a year after the arrival of new creative director Daniel Lee.
This week, Liberty appoints its first chief marketing officer, while J.C. Penney continues its streak of executive hires with a new chief financial officer.
The British designer, who was most recently director of ready-to-wear at Céline, begins July 1.
Maier transformed the ‘stealth wealth’ label into a billion-dollar brand, only to see sales slow. Parent company Kering is set to announce a new designer imminently, say sources.
Christian Dior's creative director Maria Grazia Chiuri is known for bringing an activism-tinged approach to the catwalks, but a real revolution is brewing inside the house.
The German fashion house expects sales growth to accelerate as it adds more sportswear and casual styles, while revamping stores and its website.
In today's News Bites, Hugo Boss harnesses the box office power of Chris Hemsworth, while Charlotte Olympia signs a strategic partnership with Onward Luxury Group.
Promising third-quarter results reflect renewed market momentum in China after years of slowing growth, yet the rebound is no panacea for the luxury sector.
German fashion house Hugo Boss is planning to abandon the luxury market and go back to its roots of selling premium men's clothing.
After eight years at Hugo Boss, the experienced executive turned his focus to Kering's second largest luxury brand.
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.