He succeeds Carlo Alberto Beretta, who will take on the new role of chief client and marketing officer at Kering.
Wall Street caught the Wal-Mart woes on Tuesday, plunging by more than 200 points after the world’s largest retailer expressed concerns its shoppers are under financial pressure.
Parlux Fragrances Inc. cut its first-quarter loss to $97,628 from $14.1 million in the same period a year ago.
Could John C. Malone, chairman of Liberty Media Corp., be beauty’s next mogul?
Powerful technology, the industry’s most envied logistics and even last month’s executive shuffles can go only so far toward getting Wal-Mart Stores Inc.’s fashion mix right.