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.
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.
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.