Birkin handbags, $8 million jewelry, Picasso paintings — all luxury items reexamined in the 1MDB case.
The Los Angeles-based brand has more than 675,000 Instagram followers and generated net sales of $11 million in 2017.
The in-flux intimates brand has tested a magalogue creeping back after ditching its famous catalogue.
Trading was halted on Thursday at the company’s request due to allegations in a short-selling report.
The company expects to move certain products to six-month and three-month lead times.
The company also lowered guidance for 2018 full-year earnings per share.
The jewelry brand’s ceo Alessandro Bogliolo is pleased with its recent performance but not satisfied.
The company is paying the price of a swift program to downsize and streamline in a tough market.