The LVMH chairman said, “It’s not our objective to sell virtual sneakers for 10 euros,” contrasting with rival Gucci’s bullish approach.

The leather goods maker said on Thursday 2021 revenues totalled €1.136 billion ($1.27 billion), in line with a Refinitiv consensus of €1.135 billion.

Dr. Martens said revenue growth slowed in its third quarter, hammering its share price, after a drop in its wholesale business as it prioritised scarce inventory for online and retail stores channels.

The $240 million financing round was led by hedge fund Lone Pine Capital and joined by investment firm D1 Capital Partners, Skims chief executive officer Jens Grede said in an interview.

The partially state-owned business and finance venture Sber has acquired the Russian unit of Finnish department store chain Stockmann from owner Yakov Panchenko.

Levi Strauss & Co. gave a stronger-than-expected sales outlook and said price hikes aren’t hurting demand for its clothes.

Shipments rose 31 percent to 22.3 billion francs ($24.1 billion) last year, the Federation of the Swiss Watch Industry said Thursday.

At least seven infections were detected in Hangzhou, a city near Shanghai and home to Alibaba Group Holding Ltd.