Capri Holdings had big news on Tuesday as it announced a new CEO — Joshua Schulman — for Michael Kors. But more importantly, he'll take over as group CEO from John D Idol next year. Idol will become executive chairman.
Hugo Boss has a new growth strategy called Claim 5 that aims to double its sales to €4bn by 2025. It will accelerate growth across all brands, touchpoints, and geographies and will include a branding refresh.
Selfridges is for sale with a formal auction process about to start. It hasn’t been announced by its owners, the Westons, but a news report said Credit Suisse will be canvassing prospective buyers “imminently”.
Just a day after news that L Catterton will take a stake in Etro, Ermenegildo Zegna said it will list its shares in New York and is combining with Investindustrial Acquisition Corp, which will be a minority shareholder.
Clothing brand Naushad Ali has reopened its flagship store in Pondicherry in line with relaxing retail restrictions and has launched a range of new product categories in the store including bags and fragrances.
L Brands Inc. said on Tuesday the firm is increasing its second quarter earnings guidance, as strong customer response to merchandise assortments and improved inventory management saw promotional activity reduced.