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.
Platforms like Nuorder and Joor dissolved many pain points for brands and retailers this selling season, but they may never be a perfect solution.
Kering is leading luxury’s sustainability efforts, but the wider sector is walking a high wire: surging demand and social media are pushing brands to increase production and stage ever-flashier events, while consumers and regulators ramp up pressure on the same brands to lower their environmental impact.
Kering is leading luxury’s sustainability efforts, but the wider sector is walking a high wire: surging demand and social media are pushing brands to increase production and stage ever-flashier events, while consumers and regulators ramp up pressure on the same brands to lower their environmental impact.
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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.