Coach-Owner Tapestry Falls Short of Earnings Expectations in Fiscal Q4
The company, which will soon acquire Capri Holdings, also forecasts less-than-expected results for fiscal 2024.
Coach Parent Company Tapestry Acquires Versace Owner in $8.5 Billion USD Deal
Bringing six major fashion labels under one house.
Tapestry To Acquire Versace, Jimmy Choo and Michael Kors in $8.5 Billion USD Deal
The Coach parent company is purchasing Capri Holdings in a bid to create the strongest luxury fashion group in America.
adidas Signs $1.2 Billion USD Sponsorship Deal With Manchester United and France Announces “Repair Bonus” Program in This Week’s Top Fashion News
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Adidas Signs 10-Year $1.2 Billion USD Shirt-Sponsorship Deal With Manchester United
An extension of the existing deal adidas AG has with the English football club.
Prada Group Fetches Revenues of €2.23 Billion EUR in First Half of 2023
The company’s net profit saw a 62% increase from the same period last year.
Hermès Sales Skyrocket to €6.7 Billion EUR in First Half of 2023
Up 25% compared to the same period in 2022.
Moncler Group Revenues Surpass €1 Billion EUR in First Half of 2023
For the first time in the company’s history.
LVMH Reports Revenue of €42.2 Billion EUR in First Half of 2023
Marking a 15% increase from the same period in 2022.
Kim Kardashian’s SKIMS Earns $4 Billion USD Valuation
By raising $270 million USD in a Series C funding round.
Kim Kardashian’s SKIMS Set To Be Valued at $4 Billion USD Ahead of Pre-IPO Round
Currently in the midst of raising fresh funds to prelude a potential offering.
Kering Acquired French Fragrance Label Creed for $3.83 Billion USD
The longstanding label hit upwards of $273 million USD in revenue over the past year.
Birkenstock Considers IPO Valued at More Than $6 Billion USD
The sandal maker’s owner, L Catterton, is already in talks with investors.
Pharrell Williams’ Louis Vuitton Debut Show Garnered Over 1 Billion Views
Following the show, Louis Vuitton cracked three million subscribers on YouTube.
Prada’s Q1 Revenues Exceed €1 Billion EUR With 22% Growth
The flagship Prada brand reported a 21% increase in retail sales, while Miu Miu saw those figures fly up 42%.