The publicity around the untimely death of designer Kate Spade drew shoppers back to the handbag brand this summer, driving a 31 percent jump in fourth-quarter sales for its new owner Tapestry on Tuesday.
Salvatore Ferragamo has named former Kering executive Micaela le Divelec Lemmi as its new CEO although it’s less of a change than it might have been given that she has been general manager of the firm since the spring.
The unexpected death of fashion designer Kate Spade on Tuesday has shoppers rushing to buy her brightly coloured handbags, raising prices of used merchandise several times over, second-hand online retailers said.
Thomas Gibb, VP of product development and production for footwear for Stuart Weitzman, has sued parent company Tapestry Inc., alleging former creative director Giovanni Morelli repeatedly sexually harassed him.
Michael Kors Holdings Ltd said higher spending to expand its upscale footwear brand Jimmy Choo will weigh on earnings this year, driving shares of the luxury handbag maker down 13 percent on Wednesday.
Ralph Lauren Corp topped analysts’ forecasts for profit and sales for at least the eighth consecutive quarter on Wednesday, as an early Easter added to a turnaround driven by tougher pricing and cost cuts.