The Italian fashion label is reshuffling its senior management. While Margherita Maccapani Missoni has stepped down as creative director of the young line, Giacomo Missoni and Ottavio Missoni Jr have assumed new roles.
Nike Inc's third-quarter profit gained but revenue fell short of Wall Street estimates on Thursday, as it grappled with supply chain problems in North America and a slump in sales at brick-and-mortar stores.
The NYC-based owner of brands including DKNY and Donna Karan reported net sales of $2.06 billion for the fiscal year ended January 31, 2021, on Thursday, a decrease of 35.0% from $3.16 billion in the previous year.
The nephew of the famous couturier who died in 2020 has been in charge of the business since 2018. He wants to rejuvenate Pierre Cardin’s ready-to-wear line and relaunch the group, preserving his uncle’s legacy.
The casual clothing retailer announced revenue of $538.4 million and income of $19.9 million for the fourth quarter on Wednesday, beating analysts’ estimates despite declines in both is top and bottom lines.
The footwear company announced a net loss of $77.0 million, or $2.11 per diluted share, for the fourth quarter ended January 30, 2021, on Tuesday, as Covid-19 continued to negatively affect the group’s operations.