Management

Kering forecasts sharp decline in H1 operating profit

Kering Group’s first quarter revenue of 4.5 billion euros, declined 11 percent as reported and 10 percent on a comparable basis. The company said in a statement that revenue from the directly operated retail network fell 11 percent on a comparable basis, as a result of lower store traffic. Revenue in the wholesale and other segments was also...

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Business |Interview

Eleven years after Rana Plaza, where is the fashion industry in terms of transparency?

Eleven years ago today, on 24th April 2013, the Rana Plaza building in Savar, Bangladesh collapsed, killing more than 1,100 garment workers and injuring more than 2,500, many of them severely. All of those deaths and injuries could have been prevented had the five garment factories housed in the building evacuated on time like the other...

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Fashion

SPFW N57 spotlights original Brazilian fashion

The 57th edition of the São Paulo Fashion Week (SPFW) - entitled 'Sintonia', which took place at the Iguatemi São Paulo and JK Iguatemi shopping centres, came to an end on Sunday, April 14. This season the event featured 27 fashion shows, 11 fewer than in the previous edition, but which highlighted the importance of brands that are considered...

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Management

Golden Goose posts strong Q1, appoints Marco Bizzarri to board

Following a strong performance in 2023, Golden Goose net revenues for the first quarter increased by 12 percent at constant exchange and 11 percent on a reported basis, while maintaining strong margins. The company also announced the appointment of Marco Bizzarri, former president and CEO of Gucci, to its board of directors. The company’s...

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