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.
Laurent Malecaze, currently chief executive of British menswear label Dunhill, will replace Riccardo Bellini, who is set to exit Chloé at the end of the year.
Netherlands-based manufacturer Ecco Leather also tapped designers Kostas Murkudis and Isaac Reina to found AT.Kollektive, a new design project that aims to highlight the creative potential of leather.
The designer is leaving the Richemont-owned fashion house after nearly four years.
It was Natacha Ramsay-Levi’s most considered and assured outing for the house: a further step forward in the ongoing process of softening and letting go that started last season.
From Chloé to Nina Ricci, femininity was a multi-part act, reports Angelo Flaccavento.
The Swiss luxury conglomerate has failed to turn brands like Chloé and Dunhill into a soft-luxury empire that can take on Kering and LVMH. Can recent operational changes turn the tide?
The former Lanvin creative director has inked a partnership with the Swiss luxury conglomerate.
To continue to create shareholder value, the French luxury group may need to make at least one major acquisition.
The death of Karl Lagerfeld has put a spotlight on succession planning quandaries at major brands, from Ralph Lauren to Giorgio Armani. What can the industry learn from the successes and stumbles of the past?
In Paris, real clothes triumphed over high concept, reports Angelo Flaccavento.
Natacha Ramsay-Levi's infallible chic left little room for a sense of the cosmic (dis)order that so deliciously underpinned her saga. And yet, there were inklings.
Bruno Sialelli's light and airy debut had potential, but was too heavily marked with the stamp of his former employer.
The former right hand of Nicolas Ghesquière established her own distinct take on the Chloé girl.
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.
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.
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 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.
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.
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.
Vhernier is small but Richemont has a history of turning small brands into success stories
The company has argued that the law will stifle free speech and hurt creators and small business owners who benefit economically from the platform.