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.
Demet Mutlu
#BoF500 — The New Class: Fashion 2.0
Entrepreneurs have the vision to see and seize the future long before others. Meet the six members of Fashion 2.0 new to the #BoF500 this year.
Armed with Popular Apps, Resellers Stir Up Mid-East Market
Local resellers using WhatsApp, Telegram and Instagram are filling the gap in lucrative but isolated pockets of the Middle Eastern fashion market.
Young Turks: E-Commerce Start-Ups Bet On Enviable Demographics
The potential for online retail growth in Turkey is increasingly attracting overseas players and investors.
Turks Snapping Up Prada Online Makes Investors Ignore Politics
Even amid political tremor, there’s at least one trend in Turkey investors are betting will continue unabated: shoppers moving online to find deals.
Company Snapshot
The founder of Turkey’s biggest e-commerce fashion platform dropped out of Harvard Business School to launch her own business.
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.