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Andrea Baldo knew the job wouldn’t be easy when he took the reins at Mulberry in September. In the six months ending in September, revenue plunged 19 percent to £56.1 million and losses were widening. The company’s stock traded near a 15-year low. Less than a month into his tenure, Mulberry was forced to issue…
PARIS — “I don’t want to disappoint anybody, but I am not a tailor, and not even a couturier: I am well versed in the theory of dressmaking, and am good with pins after all these years, but I can’t make things with my hands,” admitted Valentino designer Alessandro Michele in a press conference after…
Vans parent VF Corp turned a profit after two consecutive quarterly losses and beat second-quarter sales estimates on Monday, benefiting from sequential improvement in its direct-to-consumer business and leaner inventory, sending its shares up about 16 percent after the bell. CEO Bracken Darrell’s turnaround strategy including appointment of executives like Sun Choe as global brand…
Apparel and footwear maker VF Corp beat third-quarter revenue and profit estimates on Wednesday, helped by efforts to revive demand and refresh the product lineup of its Vans, North Face and Timberland brands. Shares of the company were up nearly 6 percent in premarket trading. Favourable weather in the US has driven demand for outdoor…
Upon reentering the Oval Office, one of the first items on President Donald Trump’s agenda was to grant a stay of execution for TikTok. Under a law passed by Congress, the popular video app was facing a nationwide ban starting Jan. 19, having failed to divest its US operations from its China-based owner to ease…
LVMH Moet Hennessy Louis Vuitton SE followed other luxury goods groups and delivered better-than-anticipated sales growth in the final three months of the year. But the outperformance wasn’t as spectacular as that of Cartier-owner Cie Financiere Richemont SA, or even troubled British brand Burberry Group Plc, which both trounced expectations. That’s disappointing, given that LVMH…
Milan prosecutors on Wednesday sent Italian fashion influencer Chiara Ferragni for trial on fraud charges over allegedly misleading charity claims linked to sales of a Christmas cake and Easter eggs, her lawyers and judicial sources said. The trial was scheduled to begin on Sept. 23 at a court in Milan. For crimes such as fraud,…
Martens is currently creative director of Diesel, another brand owned by Italian luxury group OTB.
Bernard Arnault said a wind of optimism is blowing through the US after Donald Trump’s inauguration as president, in contrast to his native France, where the government is seeking to raise corporate taxes instead of cutting spending. “There’s a different mood” between the two countries, the French billionaire told reporters Tuesday on the sidelines of…
PARIS — Saint Laurent unveiled its Autumn/Winter 2025 men’s collection on Tuesday night in a magnificent show at the Bourse de Commerce that landed right in the thick of couture week with a set composed of luscious parqueting and wrought-out chandeliers. Insiders have long wondered whether Saint Laurent would relaunch its couture atelier, which closed…