As Under Armour Inc.'s founder and chief executive officer Kevin Plank described the firm as “growing up” Tuesday, investing in systems, infrastructure and acquisitions as well as product and marketing, the high-flying activewear brand reported a 13.4 percent dive in first-quarter profits that sent Under Armour shares down 4.8 percent to $83.52 in New York Stock Exchange trading.
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Sandro Choi; Tim Gunn; Karen Klopp of What2WearWhere and Amber Sabathia, creator and designer of CCandy, were the honorees at the 10th annual Purses & Pursenalities luncheon at New York’s Metropolitan Club Tuesday.
LVMH Moët Hennessy Louis Vuitton began testing its new-look corporate Web site on Tuesday, its welcome page offering bird’s-eye views of the new Louis Vuitton Foundation museum, designed by architect Frank Gehry.
The Miami Design District is continuing to add to its heady mix of star architect-designed buildings, public art installations and luxury and contemporary retail, with the addition of food from chefs Joël Robuchon and Jean-Georges Vongerichten.