HanesBrands announced on Friday a 5% uptick it net sales for the first quarter, on the back of increased sales in the company's U.S. and international markets, and continued demand for its Champion brand.
Founder Brian Hill said he will step down as chief executive officer after 38 years and transition to executive chair on May 21, 2022, leaving Jennifer Wong to become chief executive officer of Aritzia at that time.
The court in Vicenza, Italy, has accepted the offer of Milano 1984, a company headed by Andrea Citterio, for the acquisition of Grotto SpA, parent company of the beleaguered Italian denim brand with 140 employees.
There has been speculation for several years that West End landlords Capco and Shaftesbury could link up and now it seems that they really are in talks about a merger that would value the joint firm at around £3.5bn.
Under Armour Inc forecast full-year profit below estimates on Friday, as the sportswear maker grapples with higher transportation costs and a hit to its business from renewed Covid-19 curbs in China.
Sales for the Italian luxury group, recently listed on NYSE, increased by over 25% to €377.6 million in Q1 2022, driven by a stellar performance on the US market, where sales grew by 85%.
The luxury brand has unveiled its first two beauty corners in Milan. The CEO of Dolce & Gabbana Beauty tells us about the new company’s development plans.
Adidas lowered expectations for 2022 after a first-quarter slump as renewed Covid-19-related lockdowns in Greater China continue to hit the German sportswear company.
The Body Shop, Aesop and Avon owner Natura &Co said on Friday that its Q1 “performance was impacted by the continued Avon transformation, challenging global environment and tough comparable base”.
The luxury conglomerate is launching 'KeringForYou', its first internal shareholder plan allowing employees to acquire shares in the company at a discounted rate.
Crocs Inc. said on Thursday revenues during its first quarter surged 44%, with double-digit growth record across all distribution channels, prompting the U.S. footwear company to raise its full year guidance.
Canadian e-commerce giant Shopify announced on Thursday the acquisition of Deliverr Inc., a fulfillment technology provider, as part of a $2.1 billion deal.
Iconic Italian sportswear brand Lotto is making its way to South Korea this spring via a new partnership with Coupang, one of the largest e-commerce companies in Asia.
Italian luxury group Moncler said on Thursday it is confident it can meet analyst expectations that sales will reach 2.4 billion euros ($2.53 billion) this year despite a new round of lockdowns impacting sales in China.
Vitrolabs, the San Francisco-based sustainable leather producer, announced that it has raised 46 million dollars in funding. Bestseller and the Kering group as well as actor Leonardo Di Caprio are among the investors.
