[ad_1] The Paris prosecutor’s office confirmed Friday that a preliminary investigation had been underway since 2022. Spokespeople for both Arnault, the CEO and chairman of the world’s largest luxury goods…
Tag: Apparel Retail
Carousell says it’s ‘on track’ to profitability, plans to reduce losses this year
[ad_1] Secondhand goods marketplace Carousell expects to “healthily” reduce its losses this year, putting it on track to profitability, the firm’s CEO told CNBC. “This year, we continue to expect…
Watches of Switzerland shares plunge by a quarter after Rolex buys retailer Bucherer
[ad_1] “This move reflects the Geneva-based brand’s desire to perpetuate the success of Bucherer and preserve the close partnership ties that have linked both companies since 1924,” Rolex said. In…
Lululemon ups guidance after ‘strong’ growth in China boosts quarterly sales
[ad_1] A customer enters a Lululemon store on June 02, 2023 in Corte Madera, California. Justin Sullivan | Getty Images Lululemon raised its full-year guidance Thursday after reporting an 18%…
Fanatics-backed vintage sports brand Mitchell & Ness hires Nike executive as CEO
[ad_1] Mitchell & Ness was founded in 1904 in Philadelphia, Pennsylvania. Source: Fanatics Mitchell & Ness, the lifestyle clothing brand known for its throwback and vintage jerseys and apparel that…
Gap reports another period of declining sales across all brands, warns of ‘uncertain consumer’
[ad_1] Gap reported mixed results on Thursday and underwhelming current-quarter guidance as the longtime mall retailer warned of an “uncertain consumer” and posted another quarter of declining sales across all…
Dick’s shares fall 20% as retailer slashes outlook over theft concerns
[ad_1] Signage outside a Dick’s Sporting Goods Inc. store in Clarksville, Indiana, on Monday, Nov. 9, 2020. Luke Sharrett | Bloomberg | Getty Images Dick’s Sporting Goods reported a 23%…
The ‘internet’s favorite underwear’ goes mainstream: Gen Z brand Parade agrees to be bought
[ad_1] Privately owned Ariela & Associates International has agreed to buy Parade, the VC-backed intimates startup that created “the internet’s favorite underwear,” CNBC has learned. The deal brings Parade’s relevance,…
Sportswear brand UYN sets sights on Germany, China and the US for expansion | Retail News Italy
[ad_1] Image Courtesy: https://fashionunited.uk/ Italian sportswear brand Unleash Your Nature (UYN) has set its sights on markets such as the US and China, but is also opening new shops in…
Secondhand luxury watch prices slump to near two-year low after a pandemic run
[ad_1] A tray of Rolex watches are seen on a dealer’s stand at the London Watch Show on March 19, 2022 in London, England. Leon Neal | Getty Images Prices…