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Tapestry

Tapestry quarterly profit beat Wall Street’s view despite sales dip

by Lionel Rogers
Tapestry quarterly profit beat Wall Street’s view despite sales dip

Tapestry Inc.’s shares rose on 15 August as the maker of handbags and clothing’s quarterly results beat Wall Street expectations amid continued weak consumer confidence and inflation fears. See catwalkCoach …

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Capri Holdings “disappointed” as Versace, Kors see double-digit Q1 declines

by David Johnson
Capri Holdings “disappointed” as Versace, Kors see double-digit Q1 declines

Capri Holdings is the latest luxury giant to prove that times are tough out there. The company’s Q1 results for fiscal 2025 saw revenue falling 13.2% on a reported basis …

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ThredUp adds Tapestry exec to board

by David Johnson
ThredUp adds Tapestry exec to board

Online resale platform ThredUp announced on Tuesday the appointment of Noam Paransky to its board of directors. Noam Paransky – Courtesy With more than 25 years of experience in digital …

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Fashion Pact names Óscar García Maceiras of Inditex as steering committee co-chair

by Lionel Rogers
Fashion Pact names Óscar García Maceiras of Inditex as steering committee co-chair

Translated by Nicola Mira Published Jun 11, 2024 A fast-fashion giant has replaced another at the head of Fashion Pact. The consortium’s former co-chair, Helena Helmersson, was ousted as CEO …

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Capri reports 8.4% revenue decline in Q4 amid global softening demand for luxury fashion

by Lionel Rogers
Capri reports 8.4% revenue decline in Q4 amid global softening demand for luxury fashion

Capri Holdings announced on Wednesday revenues fell 8.4% to $1.223 billion for the fourth quarter, on the back of declining retail sales in the mid-single-digits.   Capri reports 8.4% revenue …

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Tapestry-Capri judge lets FTC use ‘accessible luxury’ market

by David Johnson
Tapestry-Capri judge lets FTC use ‘accessible luxury’ market

By Bloomberg Published May 14, 2024 The federal judge overseeing the Federal Trade Commission’s case to block Tapestry Inc.’s $8.5 billion takeover of rival Capri Holdings Ltd. rejected a bid …

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Coach parent Tapestry cuts sales forecast on tepid demand in US, China

by Lionel Rogers
Coach parent Tapestry cuts sales forecast on tepid demand in US, China

Coach handbag maker Tapestry cut its annual sales forecast and missed third-quarter revenue estimates on Thursday, signaling weak demand for its tote bags and accessories in North America and China. …

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Tapestry-Capri deal to face Sept. 9 hearing, NY judge says

by Lionel Rogers
Tapestry-Capri deal to face Sept. 9 hearing, NY judge says

By Bloomberg Published Apr 29, 2024 A judge set Sept. 9 as the start date for the court hearing on the US Federal Trade Commission’s bid to block Tapestry Inc.’s …

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Michael Kors celebrates its new Colby bag with an immersive Parisian pop-up

by Lionel Rogers
Michael Kors celebrates its new Colby bag with an immersive Parisian pop-up

On April 26, customers and fashion-savvy citizens will be able to explore the new Michael Kors pop-up store, located within a contemporary gallery in the trendy Marais neighborhood on the …

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why is Burberry a possible takeover target?

by David Johnson
why is Burberry a possible takeover target?

Burberry’s falling share price puts it in the sights of deep-pocketed groups seeking likely takeover targets, an analyst said this week. See catwalkBurberry – Fall-Winter2024 – 2025 – Womenswear – …

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