CEO Patrice Louvet told WWD that the brand's consumer is holding up, but that the company is remaining watchful.
Company shares closed down 4.7 percent to $48.59 apiece Tuesday as a result.
Regardless of a wave of store closures from brands like Off-White and Trussardi, shifts in consumer mentality have carved out space for players that can fulfill Chinese shoppers' renewed stylistic needs.
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CEO Patrice Louvet told WWD that the brand's consumer is holding up, but that the company is remaining…
Regardless of a wave of store closures from brands like Off-White and Trussardi, shifts in consumer mentality…
The collection's initial release, available Aug. 10, includes 15 styles with a second drop planned for…
The terms of the deal were not disclosed.
The report shows the impact of inflation on the recovery rate of SMBs.
The brand's bottom line felt the pinch of exchange rates and higher expenses.
The deal is the latest in a string of retail investments as the M&A market starts to heat up again.
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