Articles by DPA
Capri's stock drops after US Court blocks Tapestry's 8.5 billion dollar acquisition
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The U.S. District Court for the Southern District of New York granted the U.S. Federal Trade Commission's motion for a preliminary injunction to block Tapestry Inc.'s (TPR) 8.5 billion dollar acquisition of Capri Holdings Limited (CPRI). Capri shares closed Thursday's regular trading session at 41.60 dollars, down 0.21 dollars or 0.50 perent....
Target to cut prices on 2,000 items during holiday season
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Retail major Target Corp. announced its plan to reduce regular prices on more than 2,000 items across owned and national brands this holiday season, to remain competitive in markets. These new price reductions are on top of the retailer's everyday low prices. In total, the company would be offering lower prices than last year on more than 10,000...
DHL expects another parcel boom at Christmas
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The parcel service provider DHL is expecting huge shipment volumes during the Christmas season again this year. "On the busiest days, we expect to transport just over 11 million parcels in our network," said Nikola Hagleitner, member of the board of the German postal and parcel business of the DHL Group, to the newspapers of the Funke Media...
Surprising profit: Zalando is more optimistic for 2024
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After a good start to the autumn and winter season of 2024, the online retailer Zalando wants to step it up a gear. In day-to-day business, the group is aiming for more profit than previously communicated. Managers are also no longer expecting the worst for other key financial indicators. Co-CEO Robert Gentz sees the company as well positioned...
Birkenstock shares up after one year on the stock exchange
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On the anniversary of its botched stock market debut in the US, sandal manufacturer Birkenstock can now show a positive share price. Shares closed on Thursday at just under 50 US dollars. That is above the issue price of 46 US dollars - and above all significantly above the interim lows of around 36 US dollars. Birkenstock had already set the...
Nike shares hit after withdrawal of FY25 forecast amid weak Q1, CEO change
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Shares of Nike Inc. were down around 6 percent in the extended trading on Tuesday on the NYSE and are currently down around 5 percent in pre-market activity after the sportswear giant warned on weak revenues in its second quarter, withdrew its revenue forecast for fiscal 2025, and postponed investor day. The move comes as the company reported...
Naomi Campbell banned from overseeing charities
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British supermodel Naomi Campbell (54) is no longer allowed to head any charitable organisation in England and Wales for five years. This was decided by the British authority Charity Commission after an inspection of Campbell's fundraising organisation Fashion for Relief. Campbell and two other former board members were accused of misconduct and...
Mattel's American Girl collaborates with Janie and Jack to launch special collection
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Wednesday, Mattel, Inc.'s (MAT) American Girl, a brand known for classic dolls and books, partnered with children's fashion brand Janie and Jack to launch an exclusive collection for girls. The specially crafted styles, with prices ranging from 36.50 to 114.00 dollars, would be also available for American Girl's dolls. The assortment will be...
Much more than just a model – style icon Twiggy turns 75
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When we talk about London in the Swinging Sixties, we think of the Beatles and the Rolling Stones, Carnaby Street, the miniskirt and free love – and Twiggy. She is considered the world's first supermodel. With her androgynous, slim look, big, round eyes, long eyelashes and short pixie haircut, she left a lasting mark on the fashion world. On...
Deichmann shows interest in footwear trademark rights of bankrupt Esprit
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Shoe store chain Deichmann is interested in the brand rights for shoes of the bankrupt fashion brand Esprit. The company confirmed this to a German press agency. "The offer concerns only brand rights and no operational business interests of the company," a spokesperson shared. According to its own statements, Deichmann has been working with...