LVMH reported 3Q2024 ended down 3%, with Asia off 16% and Fashion & Leather Goods down 5%. LVMH called it a cyclical downturn but it may be bellwether of worse ahead.
Archive | 2024
Cowboy Boot Maker Tecovas Expands Its Retail Footprint Via Wholesale
Tecovas, the first digitally-native boot maker now with 42 stores and over $200 million in sales, is nearly doubling its footprint through wholesale partnerships.
Richemont Practically Gifted Yoox Net-A-Porter To Mytheresa
Richemont has come to an agreement for Mytheresa to acquire its online YNAP business, including Net-A-Porter, Mr Porter, Yoox and Outnet brands.
Eloquii Collaborates To Bring Kate Spade Style To Plus-Sized Market
DTC plus-size women’s fashion brand Eloquii has collaborated with Kate Spade to translate its style aesthetic to plus sizes. Eloquii customers can’t get enough of it.
Nike’s Rebound Begins With Incoming CEO Elliott Hill
Outgoing Nike CEO John Donahoe made strategic missteps, most especially losing his team’s winning spirit.. In-coming 32-year Nike veteran Elliott Hill will restore it.