All articles by Vemula Pravalika
Vemula Pravalika
CoupangElevates Global Retail Dominance with Strategic Acquisition of Farfetch Holding
Coupang, Inc., a prominent global retailer, recently unveiled its strategic acquisition plan for the business and assets of Farfetch Holdings plc, a top-tier online luxury company. With this move, Coupang is poised to emerge as a frontrunner in the expansive $400 billion global personal luxury goods segment.
American Outdoor Brands Appoints James Tayon to Chief Product Officer
James Tayon has been appointed as the Chief Product Officer at American Outdoor Brands (AOB). In this role, he will continue to spearhead the strategic product direction for the company, overseeing areas such as product innovation, design, development, and marketing. His promotion comes after serving as the Vice President of Marketing and Product Development since February 2021.
LVMH Unveils Impressive Environmental Milestones at UNESCO Event
On Thursday, December 14, at UNESCO, a significant event unfolded with the presence of notable figures such as Christophe Béchu, the French Minister for Ecological Transition and Cohesion of the Territories, Virginijus Sinkevičius, the European Commissioner for the Environment, Oceans, and Fisheries, as well as Bernard Arnault, Chairman and CEO of LVMH, and Antoine Arnault, Head of Image & Environment at LVMH. This gathering brought together over 500 leaders from LVMH, along with partners and other stakeholders, to unveil the initial outcomes of the LIFE 360 program (LVMH Initiatives For the Environment), launched in 2021 and approaching its 2023 deadline.
Lanvin Group Undergoes Leadership Transition
The board of the Lanvin Group recently made a announcement regarding changes in its leadership. Joann Cheng, the founding Chairman and Chief Executive Officer, communicated her decision to step down from her positions in order to pursue new ventures outside the group. Consequently, the board has appointed Mr. Huang Zhen as the new Chairman and Mr. Eric Chan as the CEO of the group, with their appointments becoming effective as of December 7th.
Pecca Group Achieves Fifth Consecutive Quarter of Profit Records
Pecca Group, a leading supplier of leather for the automotive and aviation industries, has reported an impressive 55.8% increase in net profit for its first quarter ending September 30. The net profit soared to RM13.01 million (US$2.78 million), a significant rise from RM8.35 million (US$1.79 million) in the corresponding quarter of the previous financial year.
New login section for Leather Naturally Members
Leather Naturally has rolled out an exclusive new service with the introduction of a range of assets designed for exclusive use by its members in the promotion of leather.
Ralph Lauren Unveils Q2 2024 Financial Results
Ralph Lauren has disclosed its financial performance for the second quarter of the 2024 fiscal year, showcasing a 3% increase in revenue on a reported basis (2% in constant currency), reaching a total of US$1.6 billion.
Moore & Giles Achieves Milestone with Carbon Neutral Leathers
Moore & Giles, a prominent US leather goods brand, recently unveiled its first carbon neutral leathers within the Mont Blanc and Tribeca product lines. This accomplishment was realized through a comprehensive strategy that involved carbon offsetting measures and the implementation of environmental enhancements at the company’s Virginia headquarters.
Wolverine Worldwide Reports Q3 2023 Financials
Wolverine Worldwide, a global footwear company, has released its financial results for the third quarter of 2023, revealing a significant 23.7% year-on-year drop in revenue (24.7% on a constant currency basis), totalling US$527.7 million.
Puma Sustains Steady Q3 Sales Growth
Puma, the renowned footwear and apparel brand, has disclosed its comprehensive financial results for the third quarter of 2023, showcasing substantial achievements. The company realized a remarkable currency-adjusted sales growth of 6%, amounting to €2.3 billion.