Financial Performance Overview - For 9 months of 2025, the Group's revenues reached €1,326 million, a decrease of 2% year-on-year, with flat organic growth[15, 20] - In Q3 2025, consolidated revenues were €398 million, flat year-on-year, but with a 4% increase in organic growth[16, 20] Brand Performance in Q3 2025 - ZEGNA brand revenues grew organically by 6%, reaching €249 million, driven by strong DTC channel performance[16, 20] - Thom Browne revenues decreased organically by 5% to €48 million, showing improvement compared to the first half of the year due to DTC acceleration[16, 20] - TOM FORD FASHION revenues increased organically by 4% to €66 million, supported by double-digit growth in the DTC channel[16, 20] Revenue by Geographic Area in Q3 2025 - EMEA revenues grew organically by 3%[23, 25] - Americas revenues increased organically by 13%[23, 25] - Greater China Region revenues decreased organically by 7%, showing sequential improvement[23, 25] Revenue by Distribution Channel in Q3 2025 - DTC revenues reached €297 million, with a 9% organic growth rate[27, 29] - Wholesale branded revenues decreased organically by 15%[27, 29] Retail Store Network - As of September 30, 2025, the total number of DTC stores was 472, compared to 461 at December 31, 2024, and 453 at September 30, 2024[43] - The total number of Wholesale stores was 198 at September 30, 2025, compared to 203 at December 31, 2024, and 211 at September 30, 2024[43]

Core Insights - The Ermenegildo Zegna Group's investment in its direct-to-consumer network has resulted in accelerated sales growth in Q3 2023, with organic revenues increasing by 3.6% to 398.2 million euros compared to the same period last year [1][3] Direct-to-Consumer Performance - The direct-to-consumer channel saw a significant organic growth of 9.1% in Q3, outperforming the 6% growth in the first half of the year [2] - Zegna brand's direct-to-consumer sales rose by 7.4% to 210.3 million euros, Thom Browne's sales increased by 10% to 38.2 million euros, and Tom Ford Fashion revenues surged by 16.4% to 48 million euros [2] Overall Revenue Trends - For the first nine months of 2023, organic revenues remained stable at 1.33 billion euros, while reported sales decreased by 2.3% [3] - The wholesale channel experienced a significant decline of 23.4% to 221.2 million euros [5] Regional Performance - The Americas region showed strong performance with a 10.4% increase in organic sales to 384.1 million euros, representing 29% of total revenues [14] - The Europe, Middle East, and Africa market saw a slight organic decrease of 0.6% to 480 million euros, but Q3 showed a 2.6% increase driven by the direct-to-consumer channel [12] - The Greater China region faced a 12.7% organic decrease to 300.5 million euros, although there was a sequential improvement in Q3 [15][16] Strategic Outlook - The CEO expressed confidence in the company's mid-term targets despite acknowledging ongoing challenges in consumer demand and currency fluctuations [4] - The company is focused on enhancing retail and CRM capabilities while building a stronger team to capitalize on early positive signs of growth [5][8]

Core Viewpoint - Abercrombie & Fitch (NYSE: ANF) is experiencing a significant decline in stock value, down nearly 60% year-to-date, despite its global omnichannel model targeting Millennials and Gen Z through its Abercrombie and Hollister brands [1]. Company Overview - Abercrombie & Fitch operates through an omnichannel model, offering apparel and accessories globally [1]. - The company primarily targets Millennials and Gen Z consumers with its Abercrombie and Hollister brands [1]. Stock Performance - The stock of Abercrombie & Fitch has decreased by nearly 60% year-to-date, indicating a substantial decline in market performance [1].

Core Points - Fossil Group, Inc. announced the successful receipt of requisite consents for the UK Proceeding Amendments related to its 7.00% Senior Notes due 2026, allowing the company to proceed with an English law restructuring plan [1] - The company received 82.67% of valid tenders for the exchange offer but did not meet the minimum requirement of 90%, leading to an extension of the expiration date for the Exchange Offer, Consent Solicitation, and Rights Offering to November 10, 2025 [2][4] - The principal amount of Old Notes tendered includes $118,017,000 from New Money Participants (78.68%) and $5,993,125 from Non-New Money Participants (4.00%), totaling $124,010,125 [4] Company Actions - The company executed a supplemental indenture to the Old Notes Indenture, changing the governing law to the laws of England and Wales as part of the restructuring process [1] - The company has filed registration statements with the SEC in connection with the Exchange Offer, Consent Solicitation, and Rights Offering, which include a prospectus dated September 25, 2025 [4][5] Future Considerations - The company reserves the right to terminate, withdraw, amend, or further extend the Exchange Offer, Consent Solicitation, and Rights Offering independently at any time [2]

Group 1 - Levi's is restructuring its distribution network from primarily owned warehouses to a hybrid model that includes both owned and leased facilities operated by third-party logistics providers [3] - The company has closed an owned facility in Kentucky and established agreements with third-party logistics providers for new distribution centers in Canton, Mississippi, and Groveport, Ohio, with the Mississippi site replacing an owned facility [4] - The transformation aims to enhance service to direct-to-consumer channels, which account for over 40% of the U.S. market, and is expected to reduce distribution expenses and costs per unit [5] Group 2 - Levi Strauss & Co. plans to phase out the parallel operation of owned and leased distribution centers by early 2026, as stated by the EVP and Chief Financial and Growth Officer during the Q3 earnings call [8] - The company reported a 19.5% year-over-year increase in distribution costs for the quarter, attributed to charges from overlapping facilities and reclassification of certain e-commerce costs [8] - The company anticipates that costs will decline over time as the transition is completed, leading to greater efficiency and flexibility in serving both direct-to-consumer and wholesale channels [8]

Core Insights - Sales at the fashion house exceeded expectations in the latest quarter, indicating a positive trend for the parent group's revenue and enhancing optimism for a sustained turnaround [1] Group 1 - The fashion house's recent sales performance has contributed to an increase in revenue for the parent group [1] - The results have raised hopes for a continued recovery in the company's financial performance [1]

Core Viewpoint - Teenie Weenie, despite a successful promotional event featuring celebrity Zhao Lusi, is facing declining financial performance, with a notable drop in revenue and profit over recent years [6][8][11]. Financial Performance - In the first half of 2025, Teenie Weenie's revenue decreased by 3.78% to 15.6 billion yuan, continuing a downward trend from 2024, which saw a 0.84% decline [8][11]. - The brand's net profit fell by 23.03% in the same period, indicating significant financial challenges [8]. - Over the past four years, Teenie Weenie's revenue has gone through various phases, including a peak of 31.8 billion yuan in 2021, followed by a decline to 30 billion yuan in 2022 and stagnation at 34.8 billion yuan in 2024 [11][12]. Product Line and Market Strategy - Teenie Weenie has shifted its sales focus from offline to online channels, with online revenue growing from 25% in 2020 to 40% in 2024 [16]. - The brand has expanded its product offerings to include a wide range of categories, moving from a focus on "preppy" styles to include outdoor apparel and other items [16][22]. - The introduction of high-end products, such as GORE-TEX jackets priced at 2,790 yuan, reflects a strategy to capture a broader market segment [18]. Brand Positioning and Consumer Perception - The brand's shift towards a diverse product range has led to confusion regarding its identity, moving away from its original "preppy" aesthetic [30][32]. - Consumer feedback indicates dissatisfaction with product quality and brand management, with reports of poor durability and lack of customer service [32][34]. - The brand's attempt to monetize through IP licensing has generated revenue but risks diluting its luxury image, as evidenced by the introduction of lower-priced items [24][38]. Sales and Marketing Expenses - The sales expenses for the company reached 10.2 billion yuan in the first half of 2025, with a cost-to-revenue ratio exceeding 51%, indicating high marketing costs [39]. - Advertising expenditures have significantly increased, with costs rising from 83 million yuan in 2020 to 217 million yuan in 2024, reflecting the challenges of maintaining profitability in a competitive online market [39].

Core Viewpoint - Rosen Law Firm is reminding investors who purchased V.F. Corporation securities during the specified class period of the upcoming lead plaintiff deadline on November 12, 2025 [1]. Group 1: Class Action Details - Investors who bought V.F. Corporation securities between October 30, 2023, and May 20, 2025, may be eligible for compensation without any out-of-pocket fees through a contingency fee arrangement [2]. - A class action lawsuit has already been filed, and interested parties can join by contacting Rosen Law Firm [3][6]. - The lawsuit alleges that V.F. Corporation's management provided misleading information regarding the company's turnaround plans, particularly concerning the Vans brand [5]. Group 2: Legal Representation - Rosen Law Firm emphasizes the importance of selecting qualified legal counsel with a proven track record in securities class actions, highlighting its own success in this area [4]. - The firm has achieved significant settlements for investors, including over $438 million in 2019 alone, and has been recognized as a leader in securities class action settlements [4]. Group 3: Case Specifics - The lawsuit claims that V.F. Corporation's management concealed necessary actions that would impact the growth trajectory of the Vans brand, leading to investor damages when the truth was revealed [5].

Core Insights - V.F. Corporation (VFC) has experienced a significant decline in the growth trajectory of its Vans brand, with losses worsening from 8% to 20% in the fourth quarter of fiscal 2025, and this trend is expected to continue into the next quarter [3][4] - The company's share price fell by approximately 15.8%, from $14.43 to $12.15, following the announcement of disappointing financial results and guidance [3] Financial Performance - VFC reported a substantial decline in the Vans brand's performance, indicating a high single-digit revenue decline even without the deliberate actions taken to eliminate unprofitable businesses [3] - The company's fourth quarter and full-year fiscal 2025 results were below expectations, attributed to both deliberate actions and underlying issues in the brand's growth [3] Legal Action - A class action lawsuit has been filed on behalf of investors who purchased VFC securities between October 30, 2023, and May 20, 2025, alleging that the company made materially false and misleading statements regarding its turnaround plans for the Vans brand [4] - The lawsuit claims that significant reset actions were necessary for the Vans brand to return to growth, which were not disclosed to investors [4]

NEW YORK, Oct. 22, 2025 (GLOBE NEWSWIRE) -- The Gross Law Firm issues the following notice to shareholders of V.F. Corporation (NYSE: VFC). Shareholders who purchased shares of VFC during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to partake in any recovery. CONTACT US HERE: https://securitiesclasslaw.com/securities/v-f-corporation-loss-submission-form/?id=173218&from=3 CLASS PERIOD: October 30, 2023 ...