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.
This week, everyone will be talking about earnings from Warby Parker, Poshmark and others, an unusual Singles Day and the CFDA Awards.
This week, everyone will be talking about the results of the US election, the booming resale market, Singles Day and Farfetch's results. Get your BoF Professional Cheat Sheet.
BoF breaks down the consumer and tech trends luxury brands need to know to maximize their Singles' Day strategies this year.
The shopping day has become an indicator of Chinese consumer health.
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This week, everyone will be talking about Farfetch's financial results, Burberry's ongoing turnaround and Alibaba's Singles Day. Get your BoF Professional Cheat Sheet here.
The Chinese online retailer predicts a surge in sales during the country's 24-hour shopping spree, with over 500 million users expected to participate.
The company reported that Xiaomi, Apple and Dyson products were the top three brands in early sales.
This week, everyone will be talking about Alibaba's Singles' Day, the release of Hedi Slimane's first Celine accessories and Neighborhood Goods' take on the department store. Read our BoF Professional Cheat Sheet.
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A look back at the retail extravaganza.
"Alipay’s event is growing quickly. This year, more than 110 million consumers participated in its 12.12 event, up from around just more than 28
"$14.6 billion of the orders were made on mobile devices, taking up about 82 percent of all orders and marking 657 million different deliveries."
Alibaba Group Holding Ltd's Singles' Day sales surged past last year's 91.2 billion yuan ($13.85 billion) total with nearly nine hours left on the clock.
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.