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Latest in Financial

Rent the Runway Restructures Debt

Under this amended facility, Rent the Runway looks to build on previous cost restructuring efforts.

Luxury Gets Top Dollar in Wall Street Rush to Safety

A WWD study of revenue multiples shows who's in the lead in a tough market.

Safilo Employees at Longarone Plant at Risk

Safilo shares declined on the Italian Stock Exchange following a report that the eyewear company is…

Ferragamo 2022 Revenues Climb 10.2 Percent

Europe and North America contributed to the gains, despite a slowdown in China due to COVID-19 restrictions.

LVMH Confident on Chinese Recovery

Chairman and CEO Bernard Arnault predicted that Chinese tourists would not resume traveling extensively…

Accessories, Investments in Retail Lift Aeffe 2022 Revenues

All Aeffe brands reported gains, from Alberta Ferretti and Moschino to Pollini and Philosophy di Lorenzo…

Levi Strauss Tops Q4 Estimates, Sees Slower Growth for 2023

CEO Chip Bergh, who is preparing to hand over the reins to Michelle Gass in 2024, said the denim brand…

Tod’s Group Surpasses Sales of 1B Euros in 2022

A strong performance of the Tod's brand and of the leather goods category boosted the Italian luxury group's…

Ermenegildo Zegna Group Meets 2022 Guidelines

Chairman and CEO Gildo Zegna touted the performance of the U.S., Europe and the Middle East, offsetting the…

Ermenegildo Zegna Group Reports 15.5 Percent Increase in 2022 Revenues

The gains were registered despite the impact of COVID-19 restrictions in Greater China in the fourth quarter.

China Disruption Hampers Swiss Watch Exports, Swatch Group Sales in 2022

Despite the temporary drag from China, Swatch said it's upbeat about 2023 while Swiss watch export growth…

Swatch Braces for ‘Record Year’ in 2023 as China Demand Surges

In local currencies, and in all regions with the exception of China, sales at Swatch Group were up 25 percent…

Swiss Watch Exports Continue Growth Track in December

At 5.8 percent, growth nonetheless slowed in the final month of the year, according to data from the…

Bremont Secures $59 Million Investment

Billionaire hedge fund manager Bill Ackman is investing his own funds in the company.

Dr. Martens Stock Drops 30.7 Percent After Distribution Center Missteps

The bootmaker has been dealing with a massive bottleneck in Los Angeles and weaker direct-to-consumer sales…