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Strategic partnership: Kering and China's ICCF to strengthen Icicle brand

French luxury group Kering announced on Thursday during its Capital Markets Day that it will acquire a minority stake in the Chinese group ICCF (Icicle Carven China France). The investment is part of the “House of Wonders” initiative, through which Kering aims to support selected “emerging luxury brands”. According to the group, the transaction...

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Backcountry launches brand incubator and acquires Coalatree

Backcountry, the premium retailer of outdoor gear and apparel, has launched a brand incubator, designed to accelerate and grow the next generation of outdoor brands, and has acquired Utah-based eco-focused Coalatree as the first brand for the platform's portfolio. The incubator platform is called Backcountry Garage, and has been designed to...

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Kering CEO details strategy for Gucci's return to growth

Florence, Italy - French luxury group Kering is at a “turning point”, its chief executive officer Luca de Meo said on Thursday. He was presenting the company's new strategic plan in Florence, Italy. To return to growth, the executive highlighted a series of measures, particularly for its flagship brand Gucci, with a “significant” move “upmarket...

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Allbirds rebrands as NewBird AI, stock jumps 400 percent

US sustainable footwear company Allbirds has announced a radical shift in corporate strategy, transitioning from a fashion retailer to an artificial intelligence (AI) compute infrastructure provider. The San Francisco-based firm, which recently divested its brand assets, intends to rename itself NewBird AI as part of a pivot toward the...

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Kering unveils recovery plan, aims to more than double profit margin

French luxury giant Kering has announced a recovery plan as the group continues to struggle. On Thursday, it revealed measures that include more than doubling its operating margin rate in the medium term. The group began a transformation last year under its new chief executive officer, Luca de Meo. It now aims to achieve an operating margin rate...

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Vince navigates Saks Global disruption with retail expansion strategy

The US-based global retail platform Vince Holding Corp. has reported its financial results for the fourth quarter and fiscal year ended January 31, 2026, revealing a resilient performance despite significant headwinds from the reorganization of Saks Global. The company is now pivoting toward international flagship expansion and an enhanced...

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Aisle to algorithm: David's Bridal CEO talks transformation strategy

For Kelly Cook, it has been a busy first year as CEO of David’s Bridal. Since taking up the helm position, Cook has enacted a number of initiatives under the transformation strategy, ‘Aisle to Algorithm’, intended to reposition the company as a digital-first global resource for independent boutiques and enterprise accounts targeting the...

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Hermes International stock falls 8% over lower revenue in Q1

Stock of Hermes International SA (HESAF.PK) is falling about 8 percent on Wednesday morning trading after the company reported a decline in revenue for the first quarter, to 4.070 billion euros, compared to 4.129 billion euros, last year. The company's stock is currently trading at 1,635.00 euros, down 8.30 percent or 148.50 euros, over the...

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Deveaux Group seeks acquisition of children's fashion brand Jacadi

Paris, France - Children's fashion brand Jacadi could come under the control of the Deveaux group. The group has notified the Competition Authority of a proposed merger, the authority confirmed on Wednesday, corroborating a report by the Ouest-France newspaper. Jacadi has been owned by the northern French group IDKIDS since 2005, which has been...

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How the Made in France Alliance aims to revitalize French production

Launched at the end of January by the Confédération des petites et moyennes entreprises (CPME), the Made in France Alliance is part of a drive to revive national industrial production. Three months later, as new economic models redefine value dynamics, particularly those driven by the creator economy, the alliance has highlighted a series of...

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Gucci looks to reignite the flame in its Italian home

Paris, France - Having transitioned from a fashion icon to a thorn in the side of French luxury group Kering, Gucci must now reinvent itself to avoid further weighing on its parent company's accounts. The luxury giant, which also owns Yves Saint Laurent, Bottega Veneta, Kering Eyewear and Boucheron, will present its strategy to investors on...

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Hermès hit in first quarter by Middle East war and exchange rates

French luxury group Hermès reported on Wednesday that its first-quarter sales fell by 1.4 percent year-over-year to 4.1 billion euros (4.83 billion dollars). The results were impacted by exchange rates and the war in the Middle East. At constant exchange rates, the saddler and leather goods maker's revenue grew by 6 percent, with the adverse...