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.
BoF compiles the most important professional moves of the week.
Marc Bolland will step down as the boss of retailer Marks & Spencer in April, bringing an end to a turbulent tenure in which he modernised the 132-year-old British institution, but failed to bring its clothing back into fashion.
Marks & Spencer Group Plc said it will begin its first stock buyback program since 2008 as the UK retailer charts a recovery after three years of declining earnings.
The reputations of most high street fashion retailers are tainted by the staggering human costs of making the products they sell. How has Marks & Spencer managed to be a gentle giant?
Marks & Spencer Group Plc said its long- awaited return to clothing sales growth was partly down to a new suede skirt — that hasn’t even gone on sale yet.
Marks & Spencer said sales at its general-merchandise unit rose for the first time since 2011 as the U.K.’s largest clothing retailer recovered from difficulties at its new distribution center over Christmas.
The arrival over the last 20 years of fast, cheap fashion at one end of the market and affordable luxury at the other has left M&S struggling to recapture its universal appeal.
Marks & Spencer Group Plc reported sinking revenue of non-food items as the U.K.’s largest clothing retailer experienced delays in fulfilling online orders at the busiest time of the year.
LONDON, United Kingdom — Marks & Spencer Group Plc shares fell the most in more than two months after the U.K.'s largest clothing retailer
Marks & Spencer Group hired Helen Weir to succeed Alan Stewart as chief financial officer, recruiting from one of its main UK retail competitors.
Marks & Spencer Group Plc reported a worsening drop in non-food sales, adding to the pressure on Chief Executive Officer Marc Bolland in his fifth year at the helm.
"For the first time allies of Mr Bolland say that the former chief executive of Morrisons now believes he has a shop close to his vision of what M&S
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.