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.
Daniel Kulle, former president of H&M's North American operations, has been brought in to revive the bankrupt fast-fashion retailer, which was recently bought by a consortium of investors, including Barneys-owner Authentic Brands Group, for $81 million.
Daniel Kulle, former president of H&M's North American operations, has been brought in to revive the bankrupt fast-fashion retailer, which was recently bought by a consortium of investors, including Barneys-owner Authentic Brands Group, for $81 million.
The Italian brand may no longer be a luxury leader, but it is still an attractive asset for prospective buyers.
This week, Karl-Johan Persson steps down as H&M CEO, while Levi’s appoints a data scientist from Apple to its board.
The news came as the fast fashion retailer reported its first rise in annual profit since 2015.
The industry is grappling with an uncertain outlook amid projections for slowing growth and mounting socio-political unrest, but new technology and business models offer hope for innovative solutions.
The Swedish fast-fashion giant’s strategy for navigating the changing retail landscape provides useful lessons for the industry at large.
After years of sluggish growth and shrinking profits, the fast-fashion giant's stock levels have ballooned into a $4 billion problem — a powerful reflection of the challenges facing the company, and the fashion sector at large.
Sustainable operating practices can generate sustainable profit, but the upfront investment required is a barrier to progress. As fashion insiders descend on Copenhagen for the industry’s annual sustainability gathering, BoF investigates.
The fast fashion retailer invested in new warehouses to try to capture a bigger share of the fast-growing online market.
Wylie has signed a consultancy contract to help H&M get better data insights on customers, products and markets.
Swedish retailer reported a 19 percent fall in operating profit due to inventory issues, yet the company's shares jumped 13 percent.
At a spruced-up pilot store in Stockholm, the chain is testing new concepts that mark a break with its past, and partly echo some tactics already deployed by rivals to attract shoppers.
Part of the H&M family, he was behind the company’s sustainability campaign as chief executive.
Since the merger announcement, Capri has reported weaker-than-forecast earnings twice, spurring concern about its performance in the coming quarters.
The luxury goods maker is seeking pricing harmonisation across the globe, and adjusts prices in different markets to ensure that the company is”fair to all [its] clients everywhere,” CEO Leena Nair said.
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.