In a landmark deal, Prada has acquired Versace for $1.36 billion, aiming to unite two iconic fashion brands. With this acquisition, Prada positions itself to compete more fiercely with luxury giants like LVMH.
H&M's fiscal first quarter sales fell short of expectations, rising just 2% to 55.33 billion SEK, as increased markdowns and competition from rivals like Zara and Shein weigh heavily on the brand. CEO Daniel Ervér remains optimistic for future growth despite recent challenges.
In a stunning turn of events, Donatella Versace has stepped down as chief creative officer of the iconic brand her brother founded. Amidst internal conflicts and declining sales, find out what this means for the future of Versace.
American Eagle warns investors of a slower-than-expected start to 2025 amid declining consumer spending and economic uncertainty. Shares fell 5% as cautious guidance raises concerns about the retail sector's health.
