LVMH-Backed L Catterton Agrees to Buy Majority Stake in Kiko
The private equity fund has entered into a definitive deal with the Percassi family, which will retain a “significant stake” in the business.
Victor Luis
Tapestry Names Joanne Crevoiserat CEO
Crevoiserat has served as the group’s interim chief since Jide Zeitlin resigned amid misconduct allegations in July.
Power Moves | YNAP CEO Joins Giorgio Armani Board, Coty Names New CEO
This week Federico Marchetti was appointed non-executive director to the luxury fashion house’s board, while Coty appoints Sue Y. Nabi as its chief executive.
Deals of the Decade
BoF identifies the 10 most transformative partnerships of the past 10 years.
Op-Ed | The Retail Apocalypse Confronts a New Crop of CEOs
Here are predictions for how some of the more high-profile episodes of C-suite musical chairs will play out.
Kate Spade CEO to Leave Less Than Two Years into Job
Chief Financial Officer Joanne Crevoiserat will take over on an interim basis from Anna Bakst.
Tapestry Tops Profit Estimates Due to Coach's Success Overseas
Despite increased demand for high-margin Coach handbags outside the ailing US market, net sales for the group fell to $1.36 billion, missing expectations of $1.37 billion
Does the Owner of Coach and Kate Spade Need a Plan B?
This week, everyone will be talking about Tapestry's first results since the departure of CEO Victor Luis, Richemont's latest attempt to build a soft luxury business and the early arrival of Black Friday sales.
The Return of New York Fashion Week
This season, there were no extraordinary clothes to speak of. But there was excitement.
Play It Again, Ralph
It’s Ralph Lauren’s movie, we're just living in it. Plus, Christopher John Rogers and Area are young and fabulous on Day 2 of New York Fashion Week.
What Trouble at Tapestry Says About American Fashion
This week, Chief Executive Victor Luis was ousted from the US accessories giant after months of poor performance, raising questions about the company’s plan to build America’s answer to LVMH.
Power Moves | Tranoï Names President, Issey Miyake Appoints Designer
This week, Tranoï trade show names the successor to former president David Hadida, while Issey Miyake promotes Satoshi Kondo to head designer.
Tapestry's CEO Is Out. What's Next?
Victor Luis, who abruptly exited the company Wednesday, led the recovery of Coach and the acquisitions of Kate Spade and Stuart Weitzman. But investors aren't convinced that the portfolio is primed for growth.
Company Snapshot
The executive oversaw a gradual turnaround at the American giant Tapestry, restoring the brand back to growth, and now has taken the helm at Moose Knuckles.
The News in Brief
Zara Re-Enters Venezuelan Market
The company confirmed in January that it planned to restart activities in Venezuela in the first half of 2024 with local partner Grupo Futura.
EU Hits Fast-Fashion Giant Shein With New Digital Rules
The move means Shein could be liable for fines of as much as 6 percent of global revenue for violating the law, designed to curtail the spread of illegal content online.
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.
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.