by moosa.nayeem | Aug 7, 2020 | Leather, News & Insights
Patrice Louvet, President and CEO of the U.S. apparel brand, said the company’s financial performance in the first quarter of its fiscal year 2021 “reflects an unprecedented three months of Covid-19-related impact around the world”. Ralph Lauren’s first quarter...
by moosa.nayeem | Aug 5, 2020 | Leather, News & Insights
The British fashion brand has opened its first social retail store in China’s technology hub, Shenzhen, which seeks to blend both physical and social worlds in a digitally immersive retail experience. Inaugurated on July 31, Burberry’s new store located in the new...
by moosa.nayeem | Aug 4, 2020 | Leather, News & Insights
The Italian luxury fashion label said retail sales were significantly impacted by store closures in the first half of 2020 due to the Covid-19 pandemic. At constant foreign exchange rates, Prada’s retail sales declined 32% for the first half of the year, while...
by moosa.nayeem | Jul 31, 2020 | Leather, News & Insights
The French luxury group announced that second-quarter comparable sales plunged by 43.7% due to the Covid-19 pandemic, stressing it could not provide a forecast for the second half of the year, despite an encouraging recovery in Asia. Kering said in a statement that it...
by moosa.nayeem | Jul 25, 2020 | Leather, News & Insights
Tapestry, the owner of Coach, Kate Spade and Stuart Weitzman, has announced that its chairman and chief executive Jide Zeitlin has stepped down for personal reasons. He has been succeeded as chief executive on an interim basis by Joanne Crevoiserat who was previously...
