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.
New free trade agreements could help boost the regional luxury market, but will they be enough to shield it from Covid-19 losses or be too controversial to benefit big markets like Brazil and Mexico?
The Aesop and The Body Shop owner has promised to keep its 40,000 workers in employment for at least two months.
The Brazilian cosmetics company, a major rival to Natura & Co, is set to increase investment from 2019 totals as competition intensifies.
Natura, which also owns Aesop, has invested 1.5 billion reais ($357 million) in the rainforest to help preserve 1.8 million hectares of the ecosystem.
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Natura, which also owns Aesop, aims to find a way of increasing its China presence without testing its products on animals.
C&A intends to raise funds to pay down $190 million in intercompany loans and to expand the business.
One of the biggest clothing retailers in Brazil, has started procedures for an initial public offering (IPO) on the country's B3 stock exchange.
The service will offer free unlimited shipping for about 500,000 products out of the 20 million Amazon currently sells in Brazil, and two day-shipping will be available in 90 cities.
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The Brazilian cosmetics group, which counts Aesop and The Body Shop among its brands, posted net revenue of 3.4 billion reais, up 9.8 percent from the previous year.
The Brazilian company reported a quarterly net profit slump by 14.4 percent year-on-year in it's second quarter.
The transaction, valued at $3.7 billion, will position the Brazilian cosmetics company as a growing force in the booming global cosmetics and skincare industry.
The cosmetics company intends to invest in new brands in beauty and wellness segments in Europe and the United States through venture capital funds.
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.