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.
One of many fast fashion players from China trying to use the Shein playbook to chip away at Boohoo and Fashion Nova is a new brand from e-commerce giant Alibaba.
As the coronavirus outbreak intensifies, Chinese outbound tourism comes to a standstill and retailers begin to assess the damage to business beyond China.
Ma's heir Daniel Zhang will have the daunting task of steering the $460 billion juggernaut at a time when the market for its core e-commerce business has slowed sharply.
Unusual choice Pierre Poignant named third CEO in nine months of Lazada, the subsidiary spearheading Alibaba's high-stakes Southeast Asia expansion.
While revenue rose 54 percent to $12.3 billion the company trimmed its annual forecast, underscoring the extent to which escalating tensions with the US are hurting the Chinese economy.
This week, Daniel Zhang will succeed founder Jack Ma as chairman of the board, while Sally Hughes has been named chief executive of Temperley London.
Alibaba Group Holding Ltd is expected to post its weakest quarterly revenue growth on record, a slowdown analysts say will heat up the battle with smaller rival JD.com Inc in a tougher economy.
Alibaba Group Holding Ltd. shares fell Monday, the first day of trading since a Barron’s magazine article on Saturday suggested the Chinese Internet company may lose another 50 percent of its value.
Alibaba Group Holding Ltd. surrendered the title of Asia’s largest Internet company to Tencent Holdings Ltd., capping a 10-month slide for the e-commerce giant that wiped $140.7 billion from its market value.
Metro AG, Germany’s largest retailer, is forming an alliance with Alibaba Group Holding Ltd. to develop e-commerce on the Chinese online retailer’s website.
Alibaba Group Holding Ltd.’s chief executive officer exhorted employees to ignore plunging stock markets after the e-commerce giant’s shares fell below their initial public offering price for the first time.
Alibaba Group Holdings Ltd announced on Sunday that it had signed a strategic partnership agreement with Unilever NV to help the consumer products group reach more Chinese shoppers.
Since the merger announcement, Capri has reported weaker-than-forecast earnings twice, spurring concern about its performance in the coming quarters.
The luxury goods maker is seeking pricing harmonisation across the globe, and adjusts prices in different markets to ensure that the company is”fair to all [its] clients everywhere,” CEO Leena Nair said.
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.
The administrators said the retailer’s 541 known unsecured creditors are owed at least £35.6 ($44.2 million) but are unlikely to collectively receive more than £800,000 ($996,000), or “less than a penny in the pound.”
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.