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.
Laurent Claquin
Partner Content
Inside BoF and Shop With Google’s New York Fashion Week Dinner
Designers Tory Burch, Jason Wu, Phillip Lim, Prabal Gurung, Sergio Hudson and Brendon Babenzien, together with Steven Kolb, Laurent Claquin, Gabriella Karefa-Johnson, Julie Gilhart, and more, joined BoF’s Imran Amed and Google’s Stephanie Horton.
Inside BoF and Shop With Google’s New York Fashion Week Dinner
Designers Tory Burch, Jason Wu, Phillip Lim, Prabal Gurung, Sergio Hudson and Brendon Babenzien, together with Steven Kolb, Laurent Claquin, Gabriella Karefa-Johnson, Julie Gilhart, and more, joined BoF’s Imran Amed and Google’s Stephanie Horton.
As Tomas Maier Departs, What's Next for Bottega Veneta
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.
Workplace & Talent
Power Moves | Maureen Chiquet Nominated to Canada Goose Board, Tomas Maier Names CEO
This week, former Chanel CEO Maureen Chiquet has been nominated to join the Canada Goose board, while Laurent Claquin, currently head of Kering Americas, will take on the additional role of CEO at Tomas Maier.
Power Moves | Maureen Chiquet Nominated to Canada Goose Board, Tomas Maier Names CEO
This week, former Chanel CEO Maureen Chiquet has been nominated to join the Canada Goose board, while Laurent Claquin, currently head of Kering Americas, will take on the additional role of CEO at Tomas Maier.
Company Snapshot
The executive has driven the US expansion of Kering’s 21 brands, and is the newly-appointed chief executive of Tomas Maier.
The News in Brief
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.
Prada Heir Says the Group Is Open to More M&A
‘We have been and will always be open to considering opportunities,’ Lorenzo Bertelli told reporters Tuesday at the opening of a knitwear factory in Torgiano, Italy.