Salvatore Ferragamo has named former Kering executive Micaela le Divelec Lemmi as its new CEO although it’s less of a change than it might have been given that she has been general manager of the firm since the spring.
Thomas Gibb, VP of product development and production for footwear for Stuart Weitzman, has sued parent company Tapestry Inc., alleging former creative director Giovanni Morelli repeatedly sexually harassed him.
Michael Kors Holdings Ltd said higher spending to expand its upscale footwear brand Jimmy Choo will weigh on earnings this year, driving shares of the luxury handbag maker down 13 percent on Wednesday.
Ralph Lauren Corp topped analysts’ forecasts for profit and sales for at least the eighth consecutive quarter on Wednesday, as an early Easter added to a turnaround driven by tougher pricing and cost cuts.
The New York-based lifestyle group announced the resignation of the Italian designer from its Stuart Weitzman footwear brand on Monday, citing unspecified workplace misconduct as the reason for the departure.
Handbag maker Tapestry Inc., formerly Coach, reported a drop in third-quarter margins and a steeper-than-expected decline in same-store sales in its Kate Spade business on Tuesday, sending its shares down 11 percent.
The New York-based fashion group announced on Tuesday that Eraldo Poletto will take on the role of CEO and brand president of footwear label Stuart Weitzman, succeeding Wendy Kahn who is leaving the company.