Companies

The American company has ended its partnership with NBA star Stephen Curry’s brand, aiming to streamline its recovery strategy by focusing on its own namesake label.

A decade post-renovation, the prestigious department store’s flagship on Moliere Avenue 222 remains a magnet for luxury aficionados, showcasing elite offerings from Dior, Hermès, Chanel, and LVMH since 1997.

In the face of global turmoil, the world’s second-largest luxury conglomerate sees profits soar, outperforming industry giants like LVMH and Kering. Richemont attributes its success to a “moderate” pricing strategy.

Making its initial foray into the Latin American market, the American group has secured a minority interest in Xinú, the premium Mexican fragrance house, though financial details remain undisclosed.

As Inditex’s most competitively priced label, Lefties is projected to reach profitability in 2024, thanks to its rapid expansion and market success, earning it the title of the group’s most dynamic brand. With an impressive tally of over 200 stores, Lefties is leading the charge in accessible fashion.

The Italian group has indefinitely delayed the release of its financial results for the period, pending the outcome of its application for a preliminary arrangement with creditors, submitted earlier in October.

The British company has wrapped up the period with sales totaling 1.032 billion pounds ($1.35 billion) and an adjusted operating profit of 19 million pounds ($24.9 million), marking a rebound after two years of decline.

The Italian shoe-maker embarks on a restructuring journey to secure its EBIT margin at year-end, while forecasting a high single-digit fall in sales.

Kim Kardashian and Jens Grede’s company, backed by fresh financial resources, is set to extend its business avenues, diversify products, expand its store network, and push for international growth.

Turin’s fashion powerhouse, holding brands such as Kappa, K-Way, and Superga, has secured the European rights and 100% control of Woolrich Europe from L-Gam, with expected sales reaching €90 million by 2025.

The French designer, honed in Antwerp and founder of Atlein, with stints at Balenciaga, Givenchy, and Saint Laurent, is appointed to lead the creative renaissance of the Mayhoola-controlled fashion entity.

Peter Bragdon and Joseph Boyle step into co-presidency roles at the American sportswear titan, as the company lays the groundwork for Timothy Boyle’s succession after his impressive four-decade tenure.

Italian footwear giant, owned by British private equity firm Permira, is nearing a deal with HongShan Group, the company behind PopMart, with a transaction expected in the coming weeks.

The German group has inked a long-term licensing deal with ULAC, previously holding a 49% stake in Puma’s subsidiary that spearheaded the business, managing production and distribution in the region.

The American fiber development company has broadened its manufacturing footprint in Asia, unveiling a second plant as part of its largest investment in the region, valued at over $98 million.