Coach Powers Tapestry to a 16 Percent Q1 Sales Gain

Coach Powers Tapestry to a 16 Percent Q1 Sales Gain

Tapestry Inc. wanted to supersize its business through acquisition — but staying focused and letting Coach drive results is working out just fine.  Excluding the recently sold Stuart Weitzman business, Tapestry’s fiscal first-quarter sales shot up 16 percent to $1.7 billion. That included a 22 percent jump at Coach, to $1.4 billion. Kate Spade, where…

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Investors Cheer Steve Madden’s Brightening Outlook

Investors Cheer Steve Madden’s Brightening Outlook

Steven Madden Ltd. CEO Edward Rosenfeld had great news about the shoe firm’s prospects, and investors cheered. Shares of Madden spiked 13.6 percent to close the trading day Wednesday at $37.32 following Rosenfeld’s remarks in a conference call after the company posted third quarter earnings results. “During the period in April and May, when new…

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Coty Sees Sales Slip in Q1 as Gucci License Loss Looms

Coty Sees Sales Slip in Q1 as Gucci License Loss Looms

Coty Inc.‘s sales slipped in the first three months of fiscal 2026, the beauty company reported Wednesday, just weeks after it was revealed that it will lose the Gucci license. Net revenue tallied $1.58 billion, down 6 percent from a year earlier, but roughly in line with Wall Street estimates. On a like-for-like basis, revenues…

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Olivier Rousteing Steps Down at Balmain

Olivier Rousteing Steps Down at Balmain

PARIS – Olivier Rousteing is stepping down as creative director of Balmain, closing a 14-year chapter of growth and creative audacity that also was among the longest creative tenures in fashion. His departure was revealed Wednesday by the brand. “I am deeply proud of all that I’ve accomplished, and profoundly grateful to my exceptional team…

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