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.
Joshua Schulman
What’s Really Going On at Capri
Joshua Schulman’s surprise exit from the Michael Kors and Versace owner puts pressure on John Idol in his quest to build an LVMH competitor.
Fashion Tees Up New Commitments at UN Climate Talks
This week, everyone will be talking about the COP26 climate talks in Glasgow, new leadership at Capri Holdings and Chanel’s show in Dubai.
Michael Kors’ New CEO Joshua Schulman Joins the Brand at a Critical Time
The former Coach chief is tasked with speeding the transformation of Capri Holdings’ largest brand into a true luxury player before taking the helm of the entire group next year.
Power Moves | Chanel Names Global Head of Arts and Culture, Givenchy Taps CEO From Dior Americas
This week, Chanel appoints former Serpentine Galleries Chief Yana Peel to a newly created arts and culture post, while Givenchy hires its new CEO from Dior.
How Temporary Pop-Ups Became a Permanent Strategy
Once a way to temporarily fill vacant storefronts, landlords and brands alike see pop-ups as a long-term fixture in the retail landscape.
Coach’s Long March to China
This week, the American accessible luxury label will join the pre-fall scrum with its first co-ed show in Shanghai as part of a wider plan to step up its game in the world’s largest luxury market.
Tapestry, One Year In
Chief executive Victor Luis talks China, challenges at Stuart Weitzman and high hopes for Kate Spade New York.
Coach Latest Brand to Drop Fur
The accessible luxury behemoth has promised to stop using fur in time for the debut of its Fall 2019 collection, joining brands like Gucci, Burberry and DVF in phasing out the material.
Tapestry Sinks Amid Struggles at Kate Spade, Stuart Weitzman
The company reported a drop in third-quarter margins, sending its shares down 14 percent.
Tom Ford to Show Men’s at New York Fashion Week
BoF's guide to the changing fashion calendar tracks new operating models and approaches, brand by brand.
BoF Exclusive | Joshua Schulman’s Plans for Coach
The freshly appointed chief executive outlines his three-prong plan to accelerate Coach’s transformation from handbag stalwart to lifestyle player — and spark much-needed sales growth.
Can Anyone Really Build an American LVMH?
Both Coach Inc. and Michael Kors have signalled their ambitions to build a homegrown version of the European luxury conglomerate. Can they succeed where others have failed?
Company Snapshot
After a five-year presidency at Bergdorf Goodman, Schulman took over the reins at Coach until 2020.
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.