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.
Chief executive Thierry Andretta is trying to turn things around, but the British heritage brand is a no-show at London Fashion Week again this season after years of sluggish sales and a slumping share price.
The company has lowered prices over the past two years to go back to its roots as an "affordable luxury" label, after an ill-fated attempt to go more upmarket, and is developing its business in Japan.
"Spaniard Johnny Coca is tasked with revitalising one of London’s most coveted brands. Here, he explains why only an outsider can start an 'explosion
Johnny Coca's collection had more than a whiff of Vetements, though the bags were a knockout.
Mulberry Group Plc said its revival remains on track after digital investment and more efficient practices at its UK factories helped the handbag maker swing to a first-half profit.
Mulberry Group Plc said careful cost control meant annual earnings were better than estimated, as a new management team tries to restore the fortunes of the struggling UK handbag maker.
BoF compiles the most important professional moves of the week.
Mulberry Group Plc, the troubled luxury handbag maker, reported a first-half loss as a failed attempt to move upmarket continued to weigh on the company’s performance.
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.