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.
Diana Opoti
Global Markets
Fashion’s New Centre of Gravity
Next year non-Western markets will account for a greater share of global apparel and footwear sales than Europe and North America. But how will these increasingly important regions leverage their newfound status to gain even greater impact and influence on the global fashion industry?
Fashion’s New Centre of Gravity
Next year non-Western markets will account for a greater share of global apparel and footwear sales than Europe and North America. But how will these increasingly important regions leverage their newfound status to gain even greater impact and influence on the global fashion industry?
Getting Rich From the Skin Lightening Trade
Beauty giants like Unilever and L'Oréal are cashing in on a global skin lightening and bleaching industry worth between $10 and $20 billion.
Why Africa’s Musicians Are a Marketing Goldmine
Stylish, dynamic and extremely popular, Afrobeats stars are brand ambassadors for many multinationals in Africa but the fashion industry has yet to grasp their value.
Putting Africa on the Fashion Map
As both a source of production and a consumer market, Africa is poorly integrated into the global fashion system, leading to lost business opportunity.
Company Snapshot
The Kenyan television producer is becoming a nexus for pan-African fashion industry initiatives and one of the continent’s most ambitious industry leaders.
The News in Brief
Chanel CEO Says Price Hikes Driven by Inflation, Craftsmanship
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.
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.