[music] [music] My name is Mariana Aranel and I'm going to tell you something else. I love fashion and something else. I also love to live in a healthy world.So here's the issue. I don't want fashion to kill our planet. Maybe you're wondering what this does fashion has to do with global warming, pollution, and all that stuff.So I'll explain you. Bu clothes is something completely normal. It is a need for us.But lately, buy bank clothes has changed and became a problem not just for the environment also for o ...

Prada has officially taken over its longtime rival Versace in a $ one and a half billion dollar deal. The move Prada has pursued for years. Versace needs a revival after weaker post-pandemic performance under Capri Holdings.Now it joins Prada and Miumu under one luxury group. The son of Prada's owners, Lorenzo Bertelli, will lead Versace's next phase as executive chairman. ...

Core Insights - Prada has successfully completed its acquisition of Versace, a deal that has been in progress for several years, indicating a significant transformation in Italy's luxury sector [1] Company Summary - The acquisition of Versace by Prada represents one of the most notable changes in the luxury market in Italy recently, highlighting the ongoing consolidation trend within the industry [1]

Core Viewpoint - Capri Holdings Limited has successfully completed the sale of Versace to Prada S.p.A. for $1.375 billion in cash, which is expected to enhance the company's financial position and flexibility for future investments and shareholder returns [1][2]. Financial Impact - The proceeds from the sale will primarily be used to repay a significant portion of Capri Holdings' debt, leading to a substantial reduction in the company's leverage ratio [2]. - This transaction is anticipated to provide greater financial flexibility for Capri Holdings to invest in growth and return capital to shareholders in the future [2]. Strategic Focus - The company remains committed to executing its strategic initiatives across its remaining brands, Michael Kors and Jimmy Choo, to maximize their potential [2]. - Capri Holdings aims to stabilize its business in the current fiscal year while laying a solid foundation for growth in fiscal 2027 [2]. Leadership Acknowledgment - The CEO of Capri Holdings expressed gratitude to the Versace team for their contributions, particularly recognizing key leaders for their commitment to the brand's evolution [2]. Company Overview - Capri Holdings Limited is a global fashion luxury group that includes iconic brands such as Michael Kors and Jimmy Choo, focusing on glamorous style and craftsmanship [3].

Company Overview - Guess (NYSE:GES) is a prominent brand in the fashion industry, focusing on clothing and accessories within the Consumer Discretionary sector, currently ranked 12 in the Zacks Sector Rank based on earnings estimates and revisions [1] Stock Performance - The current stock price of Guess is $17.07, reflecting a slight increase of $0.01 or about 0.06%. The stock has experienced a low of $17.03 and a high of $17.08 today, with a yearly high of $17.43 and a low of $8.48, indicating volatility [3][5] - Guess has a market capitalization of approximately $890.2 million, calculated by multiplying the current stock price by the total number of outstanding shares. Today's trading volume is 163,250 shares, showing investor interest and activity [4][5] Analyst Ratings - UBS has updated its rating for Guess to Neutral, advising investors to hold the stock, while the Zacks Rank system assigns Guess a rank of 2 (Buy), suggesting an expectation for the company to outperform the market in the short term, over the next one to three months [2][5]

Group 1 - The number of corporate bankruptcies in 2025 is on track to reach 792, the highest level since 2010, with 655 bankruptcies reported in the first 10 months of the year [2][7] - The industrials sector is experiencing the most bankruptcies, followed by the consumer discretionary sector, with notable filings including Nikola, Spirit Airlines, and Claire's [3][7] - Despite the rise in bankruptcies, the levels are still significantly lower than during the Great Recession, where bankruptcies peaked at 5,335 in 2008 [4][5] Group 2 - Bankruptcies were at a low of 372 in 2022 before increasing in 2023 due to rising borrowing costs from the Federal Reserve's interest rate hikes [5] - There are two main types of bankruptcy filings: Chapter 7 liquidation, which indicates a company will cease operations, and Chapter 11 reorganization [6]

Core Insights - Kandal M Venture Limited has received new orders totaling approximately US$4.0 million for the Trans 2026 season, bringing total orders for Fiscal Year 2026 to approximately US$17.2 million, meeting expectations despite tariff challenges in 2025 [2][3] Company Overview - Kandal M Venture Limited is a contract manufacturer specializing in affordable luxury leather goods, with manufacturing operations based in Cambodia. The company primarily produces various types of handbags and smaller leather goods [4] Customer Confidence - The orders received reflect the confidence customers have in Kandal's manufacturing capabilities and commitment to quality, with a clientele that includes several globally recognized fashion brands based in the United States [3]

Giorgio Armani names former Gucci CEO Marco Bizzarri and other industry veterans to its board https://t.co/jmT5CCfglh ...

MILAN – Giorgio Armani Spa has a new board of directors, established in accordance with the late designer’s wishes, the group said on Friday. The new board comprises eight members, selected by the Armani Foundation and the designer’s heirs, and some includes some familiar faces in the industry. They are chairman Pantaleo, known as Leo Dell’Orco; Armani’s niece Silvana and his nephew Andrea Camerana; CEO and managing director Giuseppe Marsocci; Marco Bizzarri; former Armani top executive John Hooks; Federic ...

Giorgio Armani is preparing to name a new board as the Italian fashion group rebuilds its leadership team following the death of its founder https://t.co/EPiwkmHxZo ...