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 buyback would run from May 11 until June 4 to cover its management stock option programmes.
With all of its outlets closed, the department store chain is losing roughly €80 million in weekly revenue.
GFG, which runs fashion websites in Russia, Latin America and south-east Asia, reported second-quarter sales rose a currency-adjusted 16.5 percent.
The facility will start operating in 2021, and will eventually employ 1,500 people with a storage capacity of 16 million items.
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Facing low investor demand, the e-commerce fashion group cut its initial share price from up to €8 to €4.50.
The Asia and Latin America-focused fashion e-tailer is postponing its listing until July due to low investor demand, according to sources.
The online retail group, valued at €1 billion with 11.2 million active customers, has announced its plans for its listing in Frankfurt.
The sportswear company expects sales growth to slow this year due to the retro footwear boom losing momentum in Europe and supply chain problems in North America.
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Sales rose 6 percent in the second quarter as the German fashion house pursues a turnaround in its home market and updates some of its ranges to try to draw in younger shoppers.
Thousands of workers are on strike in Germany, joining colleagues in Spain and Poland in taking action that coincides with a major sales promotion.
Private equity owner OpCapita is seeking a buyer for the company valued at €300-350 million, hoping to benefit from high equity valuations.
The biggest opportunities are in trend forecasting and better supply chain management, but AI in customer service could backfire if brands jump in too early, argues Chris Boos.
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.