Business

Ralph Lauren sees margin growth but weak revenues in Q1, appoints new CFO

Luxury fashion house Ralph Lauren Corp. (RL), while reporting higher fourth-quarter results, on Thursday issued first-quarter outlook, expecting increased margin but weak revenues. The company also issued fiscal 2025 forecast, and announced higher dividend. Separately, Ralph Lauren announced the appointment of Justin Picicci as Chief Financial...

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People

A glimpse into the life of Levi's fashion historian Tracey Panek

May 20 is an important day for denim historians. On this day in 1873 Levi Strauss and a tailor named Jacob Davis from Nevada received the US patent for adding rivets to the pockets of workwear pants, creating a landmark design innovation. The day is referred to as the birth of the modern blue jean or 501 Day within Levi’s World. It is also the...

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Business

Superdry outlines wider restructuring plan to avoid insolvency, confirms store closures

Superdry is calling on its shareholders to vote for its Capital and Restructuring Measures in a bid to avoid a possible insolvency and allow the company to “return to a more stable footing” while accelerating its turnaround plan. The latest news builds on the plan outlined by the British retailer earlier in April, which centred around the...

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People |Jewellery

Tabayer appoints Maxim de Turckheim as CEO of global business

US independent fine jewellery brand Tabayer has named Maxim de Turckheim its new chief executive officer of global business, with immediate effect. The appointment comes as Tabayer continues to solidify its position as a leader in the luxury jewellery market, with the brand adding that De Turckheim’s expertise in global market fairs, strategic...

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