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.
The sportswear giant cut its profitability forecast for the fourth time this year as it continues to confront the fallout from its split with Ye.
This week, Condé Nast announced Agnes Chu will lead its entertainment division, while Renée Tirado left Gucci to launch her own consulting firm in New York.
Rorsted, who has led the German sportswear retailer since 2016, will remain in the role until July 31, 2026.
This week Federico Marchetti was appointed non-executive director to the luxury fashion house’s board, while Coty appoints Sue Y. Nabi as its chief executive.
As the coronavirus crisis deepens, companies are slashing advertising budgets but branding never goes on pause, writes Doug Stephens of Retail Prophet.
The designer Kerby Jean-Raymond is extending his relationship with Reebok and announcing a new platform for innovative, fashion-forward projects that the sports brand will hopefully bring more relevance to its product offering.
The German sports apparel giant is accelerating the time it takes to bring a new shoe to the market from as long as 15 months to six months or less.
As the world wakes up to ethical consumption, the sustainability pioneer — and pragmatist — has a blueprint for the future of sustainable fashion.
Adidas saw double-digit growth in North America, Asia-Pacific, Latin America and Russia, with second-quarter revenue and profit beating analyst expectations.
The German sportswear firm expects more than 8 million jerseys sold in 2018.
CEO Kasper Rorsted said the soccer competition was still very important for promoting the brand but had become less crucial for driving sales.
With a strategy rooted in speed, cities and open source, the German sportswear giant has won cultural cred, surpassing arch-rival Nike in the eyes of the young consumers who drive the sneaker market.
The newly appointed chief executive of Adidas Group is charged with reinvigorating Reebok, and continuing his strong track record at Adidas.
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.