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.
Kunihiko Morinaga
Thebe Magugu First LVMH Prize Recipient From Africa
South African designer Thebe Magugu has been awarded the LVMH Prize, and will receive €300,000 and a year-long mentorship.
Down the High-Concept Drain
In Paris, Jacquemus and Anrealage leaned heavily on gimmicky high-concept theatrics.
An Obscured Offering
At Anrealage, there were sculptural shapes and deceptive surfaces that looked revealed intricate patterning if seen through special sheets — tricky? Most definitely.
At Anrealage, Innovation or Amusement?
At Kunihiko Morinaga's third Paris show, camera flashes revealed reflective patterns hidden in what, during daylight, looked like plain cotton or simple knitwear.
Company Snapshot
A rising star in his native Japan, he is bringing his punchy prints and streetwise sensibilities to the Paris catwalks.
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.