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.
One thing’s for sure, appointments and digital videos do not a fashion week make. But for now, let’s make the most of it and reconnect as a community, writes Imran Amed.
The split is due to be completed by the end of the year, LVMH said in a statement.
This week, Alasdhair Willis exited the British heritage brand, while LOVE appointed Pierre A. M’Pelé, aka Pam Boy, as its senior editor.
A fledgling ready-to-wear label, a wholesale-dependent contemporary player and a venture capital-backed start-up share honest details as they battle for survival.
Check out this week’s new partners and openings on BoF Careers, the global marketplace for fashion talent.
BoF has learned that the French luxury group has plans for a Cheval Blanc hotel and associated restaurants, a spa and a flagship store that appears intended for Hedi Slimane’s Celine on Grafton Street in London’s Mayfair.
This week, LVMH names Sophie Brocart as chief executive of Jean Patou, while Jessica Pels is appointed editor-in-chief of Cosmopolitan.
As a steady stream of big-name designers lay down roots in the city, LA feels increasingly essential to the global fashion business
Tokyo-based designer Masayuki Ino of Doublet was crowned the winner of the French conglomerate’s fashion award, while Rok Hwang was awarded the special prize after three selection rounds over five months of competition.
The LVMH-owned footwear brand will be moving its Paris presentation to London for an experiential show in September.
The designer will start February 1 and expand the LVMH-owned label’s offering into menswear, couture and fragrance.
The footwear brand is opening the doors of its Mount Street store for creative partnerships and pop ups over the next year.
Known for crafting sculptural heels with unusual materials, he has emerged at the forefront of fashion footwear in just a few years.
Since the merger announcement, Capri has reported weaker-than-forecast earnings twice, spurring concern about its performance in the coming quarters.
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.
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.
The administrators said the retailer’s 541 known unsecured creditors are owed at least £35.6 ($44.2 million) but are unlikely to collectively receive more than £800,000 ($996,000), or “less than a penny in the pound.”
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.