The Business of Fashion
Agenda-setting intelligence, analysis and advice for the global fashion community.
Agenda-setting intelligence, analysis and advice for the global fashion community.
NEW YORK, United States — Michael Kors owner Capri Holdings Ltd beat quarterly revenue estimates on Thursday, buoyed by strong demand for its luxury apparel and accessories in China and surging online sales.
Total revenue fell to $1.11 billion in the second quarter ended September 26 from $1.44 billion a year earlier, due to a drop in retail demand, but beat analysts' expectations of $924.9 million, according to IBES data from Refinitiv.
By Aditi Sebastian and Uday Sampath; editor: Shinjini Ganguli.
Antitrust enforcers said Tapestry’s acquisition of Capri would raise prices on handbags and accessories in the affordable luxury sector, harming consumers.
As a push to maximise sales of its popular Samba model starts to weigh on its desirability, the German sportswear giant is betting on other retro sneaker styles to tap surging demand for the 1980s ‘Terrace’ look. But fashion cycles come and go, cautions Andrea Felsted.
The rental platform saw its stock soar last week after predicting it would hit a key profitability metric this year. A new marketing push and more robust inventory are the key to unlocking elusive growth, CEO Jenn Hyman tells BoF.
Nordstrom, Tod’s and L’Occitane are all pushing for privatisation. Ultimately, their fate will not be determined by whether they are under the scrutiny of public investors.