Allbirds’ Sales Dip Continues in 2024, Losses Narrow
Allbirds’ revenue dropped 28 percent year over year to $39 million in the first quarter of the year as demand for its sneakers remains weak, the company reported on Wednesday.
Gian Giacomo Ferraris
Workplace & Talent
Power Moves | Robin Givhan Appointed As The Washington Post's Senior Critic at Large, Fenty Fashion Names New Managing Director
This week, renowned journalist Robin Givhan expands her role at The Washington Post, while Bastien Renard joined Rihanna's LVMH-owned Fenty brand as its new managing director.
Power Moves | Robin Givhan Appointed As The Washington Post's Senior Critic at Large, Fenty Fashion Names New Managing Director
This week, renowned journalist Robin Givhan expands her role at The Washington Post, while Bastien Renard joined Rihanna's LVMH-owned Fenty brand as its new managing director.
Why Roberto Cavalli Is Being Bought By a Dubai Real Estate Developer
Vision Investment, an entity controlled by the founder and chairman of Damac, will provide the funding to back the company’s stymied turnaround strategy.
Will Cavalli Be Able to Pull Off a Versace?
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.
Roberto Cavalli: What Went Wrong?
This week, one of Italy’s most famous fashion houses hit a dead end.
Roberto Cavalli Branches into Hotels
The Italian fashion house has signed a partnership agreement with DAMAC Properties to provide the interior design for at least five luxury hotels.
#BoF500 – The New Class: Executives
CEOs, presidents, chairmen and directors operate the firms that make fashion tick. Meet the 18 executives who are new to the #BoF500 this year.
Cavalli Prepares for Radical Turnaround as Peter Dundas Exits
Roberto Cavalli CEO Gian Giacomo Ferraris has initiated a comprehensive reorganisation of the company, including store closures and severe cuts to global headcount.
Power Moves | Roberto Cavalli Names CEO, Aquascutum MD, Carven Men's Designer Exits
BoF compiles the most important professional moves of the week.
Roberto Cavalli Names Former Versace Head as New CEO
Roberto Cavalli has named former Versace head Gian Giacomo Ferraris as its new chief executive as it seeks to relaunch under a new owner.
Jonathan Akeroyd Named CEO at Versace
The former chief executive of Alexander McQueen joins Milan-based Versace, with his official start date set for 6th June.
Why Italian Luxury Companies Are Still Betting on China
In the face of a plummeting stock exchange and predictions of a prolonged bear market, a group of Italian luxury executives remain cautiously, perhaps improbably bullish about the Chinese economy.
Gian Giacomo Ferraris of Versace on Awakening a Sleeping Giant
In our latest CEO Talk, Imran Amed meets the chief executive of Versace to discuss the brand’s planned IPO and taking on the big guns of Italian fashion.
The News in Brief
Shopify Falls on Surprise Loss, Hit From Logistics Unit Sale
After rallying more than 120 percent last year, Shopify shares have struggled this year after the company had projected higher operating costs than expected for this quarter.
Boohoo Dives Into Debt as Losses Soar to £160 Million and Sales Slump
The online fashion specialist said it had built up net debts of £95m in the year to the end of February – down from almost £6m of net cash a year before – after losses widened 76 percent to £160 million.
Levi Strauss Ends Lawsuit Against Italy’s Brunello Cucinelli Over Trademarked Tab
Levi notified a federal judge in Oakland, California on Tuesday that it was dismissing the case with prejudice, meaning it cannot be brought again. Settlement talks began shortly after Levi sued in January.
Puma Returns to Sales Growth in Americas Despite ‘Volatile’ Market
Demand for retro shoe styles such as 'terrace' has helped boost sales of sportswear brands like Puma and its rival Adidas at a time when the sector has been hit by weaker consumer demand and excess stocks.
Tylenol Maker Kenvue Beats Quarterly Profit Estimates, to Cut 4% Jobs
Kenvue beat Wall Street estimates for first-quarter profit on Tuesday, and said it would cut 4% of its global workforce amid the Tylenol and Band-Aid maker’s efforts to expand its key brands.
Richemont Acquires Italian Jeweller Vhernier
Vhernier is small but Richemont has a history of turning small brands into success stories
TikTok Sues US Government to Block Divest-or-Ban Law
The company has argued that the law will stifle free speech and hurt creators and small business owners who benefit economically from the platform.