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.
Cheltenham, United Kingdom
Superdry Sees First Half Profit Wiped Out
Missteps by previous management has led the British retailer's CEO to caution that a turnaround will take up to three years.
Returning Superdry Founder Slashes Value of Stores by $161M
Julian Dunkerton won a bitter battle to rejoin the board in April, prompting the resignation of all its directors.
Superdry Names Interim CFO
The reshuffle comes two months after the return of Superdry founder Julian Dunkerton sparked the resignation of most of the board.
Superdry Issues Profit Warning After Founder's Return
The warning comes just over a month after Julian Dunkerton returned to lead a turnaround.
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Superdry Shares Slump Following Founder's Return
The return of Julian Dunkerton sparked the exit of most of its board members, including top executives.
Superdry Founder Set to Win Investor Backing for Return to Board
The apparel retailer's board had opposed founder Julian Dunkerton's return, saying it would be highly disruptive and could trigger resignations.
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The News in Brief
Celine Adds To Fragrance Line-Up
The new scent, Zouzou, is the fashion house’s first new perfume since 2022.
Unilever Sales Rise More Than Expected, Led by Beauty
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.
Biden Signs Possible TikTok Ban Into Law; ByteDance Vows Legal Challenge
President Biden signed the bill that gives China-based ByteDance 270 days to divest TikTok’s US assets or face a ban.
Google Postpones Phasing Out of Ad Cookies in Chrome Browser
The Alphabet Inc. company said in a blog post Tuesday that it’s still working with the ad industry and regulators on the plan.
Sales at Italy’s Moncler Up 16% in First Quarter Boosted by China
Overall revenues for the three months through March totalled 818 million euros ($874 million), above a company-provided analyst consensus of 786 million euros.
PZ Cussons to Sell St Tropez, May Exit Africa
Embattled by weak demand and currency issues in Nigeria, the company is looking to slim down in order to return to growth.
EU Parliament Approves New Business Supply Chain Audit Law
EU lawmakers backed the Corporate Sustainability Due Diligence Directive by 374 votes to 235 against, with 19 abstentions.