The fragrance maker announced Q4 net income of $14.7 million on Monday, representing an 80% increase from $8.2 million in the same period in the previous year. The company also raised its financial outlook for 2021.
Free Lance, a footwear brand owned by the Rautureau Apple Shoes group that is undergoing a substantial make-over, has appointed the Italian designer, formerly with Burberry and Jimmy Choo, as its creative director.
Top luxury groups are taking concrete steps to promote ethical fashion, especially in the areas of diversity, inclusivity, environmental and social responsibility, as shown by recent projects by Capri, Prada and Kering.
Capri beat holiday-quarter profit estimates on Wednesday as the luxury fashion house boosted its margins by selling more products at full price and cutting manufacturing costs, sending its shares up nearly 7%.