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.
H&M and Kering are among the fashion players that have recently launched pilot programmes to trace their supply chains using blockchain technology.
Brexit and Covid-19 have proved a double blow for the fashion capital. Some creatives are localising production, while others are looking outside the UK for solutions.
As London Fashion Week kicks off, the UK’s chaotic exit from the European Union and painful policy shifts on retail are adding to the challenges created by the pandemic.
This week, everyone will be talking about the kickoff to the holiday shopping season, financial results from a trio of mall brands and the status of Brexit negotiations. Get your BoF Professional Cheat Sheet.
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Negotiations on a new relationship between Britain and the EU will start next month.
The average retail spending by Britain's shoppers is at its lowest since 1995.
British shops experienced a 5.7 percent increase in sales last month, the biggest annual rise since January 2014.
Consumer demand in the UK is softening, despite low unemployment and modest inflation.
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Continued caution is advised as mounting underlying turmoil could disrupt relations among both developed and emerging market economies.
This week on Inside Fashion, BoF’s Imran Amed and Tim Blanks discuss the key themes and events that defined the global fashion industry in 2019.
This week, everyone will be talking about fashion's role in fighting climate change, Colin Kaepernick's first sneaker for Nike and the UK general election. Get your BoF Professional Cheat Sheet.
UK Prime Minister Boris Johnson, who had pledged to deliver Brexit on October 31, 2019, had to request a postponement after parliament down-voted his proposed timetable for ratifying his withdrawal agreement bill.
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.