The Winston-Salem, North Carolina-based owner of brands including Champion and Playtex announced better-than-expected third-quarter financial results on Thursday, but provided a less impressive outlook.
Designed to provide more equal access at some of the world’s top creative institutions, the project involves partnerships with Central Saint Martins, the Parsons School of Design and Institut Français de la Mode.
LVMH is parting ways with luxe shoe label Nicholas Kirkwood after seven years with Kirkwood taking back control. The brand is loss-making and was never likely to rival some of LVMH's mega names in terms of turnover.
The NYC-based owner of DKNY and Donna Karan has reported a 36.1% decline in its Q1 sales as a result of the Covid-19 pandemic, and also announced the permanent closure of its Wilsons Leather and G.H. Bass Stores.
The North Carolina-based owner of brands including Hanes and Champion reported a Q1 loss on Thursday, as a stronger-than-expected performance early in the quarter was undermined by the coronavirus pandemic.
Extended store closures, furlough programs and base salary reductions are just some of the measures announced by U.S.-based fashion retailers such as Crocs, Ascena and G-III since the start of the week.
The owner of DKNY, Donna Karan and Vilebrequin, among other brands, announced on Thursday that it achieved net income of $25.3 million, or $0.52 per diluted share, in Q4 2020, beating Wall Street’s expectations.