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 Savigny Luxury Index fell 2.2 percent over the month, as adverse foreign exchange movements continue to weigh on the luxury sector’s growth.
The Savigny Luxury Index continued its upward ascent gaining over two percent this month, driven by positive newsflow and reassured prospects for the Chinese economy.
PARIS, France — Crocodile-skin handbags can be to die for. Really.
In Italy, a British Outpost (NY Times) "In other words, Burberry, Dsquared, Cavalli and Gucci are not names you will often read in the same sentence.
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Gucci Feeds Its Florentine Roots (IHT) "The museum, housed in a 14th-century building in the Piazza della Signoria, is designed to honor the
Cavalli agrees to sell 30 percent to Clessidra (Reuters) "Italian designer Roberto Cavalli has signed a letter of intent with Italian investment fund
H&M launches home textiles bid ( WSJ) As a way to buffer the lackluster fashion market, H&M has launched a textile business which was slated for a
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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.