The owner of brands including DKNY and Andrew Marc, announced moderate increases in sales and income for the second quarter on Thursday, but revised down its full-year earnings guidance in the face of mounting tariffs.
Marcella Wartenbergh is to become the new chief executive of Pepe Jeans Group, taking over from group founder and shareholder Carlos Ortega. She joins from PVH Corp, which owns Tommy Hilfiger and Calvin Klein.
PVH Corp cut its full-year profit forecast for the second time this year on Wednesday, as the Calvin Klein owner sees pressure from the protracted U.S-China trade tensions and the ongoing protests in Hong Kong.
Following a 350% increase in annual revenues, the AI-powered styling platform announced on Monday that it has secured $15 million in Series B funding, money which will be put towards developing its service offering.