Wolford AG Names Marco Pozzo CEO and Chairman to Advance Restructuring and Strategic Priorities [Accessibility Statement] Skip NavigationSHANGHAI, Feb. 27, 2026 /PRNewswire/ -- Lanvin Group (NYSE: LANV, the "Group"), a global luxury fashion group, announced today that Marco Pozzo has been appointed Chief Executive Officer (CEO) and Chairman of the Management Board of Wolford AG, a key brand within the Group's portfolio, effective March 1, 2026.Marco Pozzo has been a member of the Management Board of Wolford ...

What happened According to an SEC filing dated February 17, 2026, DME Capital Management, LP increased its position in Capri Holdings (NYSE:CPRI) by 2,080,410 shares during the fourth quarter. The fund's estimated transaction value, based on the quarter's average closing price, was $48.12 million. The total quarter-end position value for Capri rose by $62.80 million, which includes both new share purchases and stock price changes during the period. What else to know DME's move was a buy; Capri now acco ...

Core Insights - The Ritz-Carlton has launched a collaboration with Kilometre Paris to create a limited-edition capsule collection inspired by its iconic coastal resorts, featuring handcrafted travel pieces such as beach totes, bucket bags, and bandanas [1][2] - A portion of the proceeds from the collection will support Community Footprints, The Ritz-Carlton's global social and environmental responsibility platform, benefiting local communities around the participating resorts [1] - The collection emphasizes craftsmanship and storytelling, with each piece designed to capture the essence of its destination, allowing guests to carry memories of their travels [1] Company Overview - The Ritz-Carlton Hotel Company operates 125 hotels in over 35 countries, focusing on delivering high-quality service and transformative travel experiences [1] - The company is committed to innovation and has introduced brand extensions such as Ritz-Carlton Reserve and The Ritz-Carlton Yacht Collection, enhancing its luxury offerings [1] Kilometre Paris Overview - Kilometre Paris is a luxury fashion brand known for its travel-inspired, handmade apparel and accessories, emphasizing ethical production and artisanal craftsmanship [2] - The brand combines traditional techniques with modern sustainability, offering unique pieces that reflect cultural respect and artisan empowerment [2]

Core Insights - Ralph Lauren Corporation reported strong financial results for Q3 fiscal 2026, with an EPS of $6.22, surpassing the estimated $5.80, and revenue of approximately $2.41 billion, exceeding the estimated $1.82 billion [2][6] - The company raised its full-year outlook, reflecting confidence in continued performance, and received a new price target of $420 from Evercore ISI, indicating a potential stock increase of about 24.4% from its trading price of approximately $337.61 [3][6] Financial Performance - The earnings per share (EPS) for Ralph Lauren was reported at $6.22, exceeding expectations [6] - Revenue for the company reached approximately $2.41 billion, surpassing estimates of $1.82 billion [2][6] Stock Performance - Ralph Lauren's stock is currently priced at $344.55, reflecting a daily increase of $5.89 or 1.74% [4] - The stock has shown volatility, with a trading range between a low of $337.09 and a high of $347.23 during the trading day, and a yearly high of $380 and a low of $176.61 [4] Market Position - The market capitalization of Ralph Lauren Corporation is approximately $20.89 billion, with a trading volume of 518,299 shares [5]

Financial Data and Key Metrics Changes - The Ermenegildo Zegna Group reported total revenues of EUR 1.917 billion for FY 2025, representing a 1% increase compared to the previous year, with Q4 revenues reaching EUR 591 million, up 4.6% organically [13][16] - The Zegna brand achieved revenues of EUR 1.2 billion, with Q4 revenues of EUR 362 million, reflecting a 7% growth driven by the DTC channel [3][15] - Thom Browne reported Q4 revenues of EUR 91 million, a 1.4% organic increase, while Tom Ford Fashion reached EUR 98 million, up 1.5% [14][15] Business Line Data and Key Metrics Changes - The DTC channel for the group grew by 10% in Q4, accounting for 82% of the group's branded revenues for FY 2025 [18][19] - Zegna DTC revenues grew 10% in Q4, representing 88% of the brand's full-year revenues, with strong performance in the Americas and EMEA regions [19] - Thom Browne's DTC revenues increased by 11% in Q4, driven by new store openings, while the wholesale channel reported a decline of 14% [20] - Tom Ford Fashion's DTC growth was 5% in Q4, with a 4% decline in the wholesale channel [21] Market Data and Key Metrics Changes - Europe, the Middle East, and Africa accounted for 36% of total revenues, with a 7% increase in Q4, while the Americas represented 30% of revenues, showing a 16% increase in Q4 [16][17] - The Greater China region accounted for 23% of total revenues, but reported a 10% decline in Q4, attributed to the wholesale channel's performance [17] - The rest of the Asia Pacific region saw a 5% growth in Q4, driven by improvements in Japan and Korea [17] Company Strategy and Development Direction - The company aims to strengthen its DTC channel and reduce reliance on wholesale, with a focus on elevating product offerings and enhancing customer experiences [8][19] - The leadership transition, with Gianluca Tagliabue as Group CEO, is expected to drive integration and accelerate ambitions across brands [12][3] - The company plans to continue expanding its retail presence, with new store openings in key markets, including Paris and the U.S. [83][107] Management's Comments on Operating Environment and Future Outlook - Management acknowledges a "new normal" characterized by uncertainty and volatility, emphasizing the need for agility and coherence in strategy execution [10] - The outlook for 2026 includes expectations of continued growth in the U.S. market, despite potential challenges from the wholesale channel and the situation with Saks Global [75][76] - Management remains optimistic about the resilience of high-spending customers and plans to focus on this segment for future growth [90] Other Important Information - The company is closely monitoring the Chapter 11 bankruptcy situation of Saks Global, which has a limited impact on Zegna Group revenues [23][46] - The company is implementing a pricing strategy with mid-single-digit increases to offset currency fluctuations [89] Q&A Session Summary Question: What is the growth rate of Zegna brand DTC excluding China? - Management confirmed that the growth rate is around high teens percentage year-over-year, excluding China [25][28] Question: What FX impact is expected for 2026? - A headwind of approximately 2-3% is anticipated due to currency fluctuations, with some mitigation through hedging [28] Question: What are the key drivers for Zegna retail productivity? - Key drivers include mix and price, with a focus on elevating product offerings and customer experiences [41] Question: What is the exposure to Saks Global? - The overall exposure to Saks Global is in the low single-digit range of the group's revenues [46] Question: What are the expectations for wholesale performance in 2026? - Wholesale is expected to decline, with high single-digit negative growth anticipated for the group, particularly for Thom Browne [55][56] Question: How is the U.S. market performing? - The U.S. market continues to show strong performance, with good traction across all brands [75][76] Question: What is the strategy for Tom Ford moving forward? - The strategy includes expanding the store base and enhancing marketing efforts to maintain momentum [100]

Financial Data and Key Metrics Changes - The Ermenegildo Zegna Group reported total revenues of EUR 1.9 billion for FY 2025, with the Zegna brand contributing EUR 1.2 billion [3] - Q4 revenues reached EUR 591 million, reflecting a 4.6% organic growth [13] - The Zegna brand specifically saw Q4 revenues of EUR 362 million, up 7% driven by the DTC channel [14] Business Line Data and Key Metrics Changes - The DTC channel for the group reported a 10% growth in Q4, with Zegna DTC revenues growing 10% and accounting for 88% of full year 2025 brand revenues [17][18] - Thom Browne reported Q4 revenues of EUR 91 million, up 1.4% organic, while Tom Ford Fashion reached EUR 98 million, up 1.5% [13][14] - The textile segment grew by 1% [14] Market Data and Key Metrics Changes - Europe, the Middle East, and Africa represented 36% of total revenues for FY 2025, with a 7% increase in Q4 [15] - The Americas accounted for 30% of total revenues, recording a 16% increase in Q4 [15] - Greater China accounted for 23% of total revenues, but reported a 10% decrease in Q4 [16] Company Strategy and Development Direction - The company aims to strengthen its DTC channel and reduce reliance on wholesale, with a focus on elevating brand offerings and customer experiences [4][9] - The strategy includes enhancing the Zegna brand's presence through fashion shows and partnerships, such as the Airbus collaboration [4] - The company is committed to maintaining its heritage while adapting to market changes, emphasizing agility and innovation [10] Management's Comments on Operating Environment and Future Outlook - Management acknowledged the uncertain and volatile market environment, particularly in Greater China, but expressed optimism about the resilience of the U.S. market [10][73] - The leadership team is focused on executing strategies to enhance brand momentum and expand the high-end customer base [7][8] - The company is monitoring the situation with Saks Global, which filed for Chapter 11 bankruptcy, but believes it can absorb the impact due to limited revenue exposure [21][46] Other Important Information - The company is planning to open new stores in key markets, including the U.S. and the Middle East, while rationalizing its retail footprint in China [107] - The management highlighted the importance of personalization and high-end product offerings to attract high-spending customers [88][92] Q&A Session Summary Question: Zegna brand DTC growth and 2026 outlook - Management confirmed that excluding China, Zegna brand DTC growth was around high teens percentage year-over-year, with resilience expected in the U.S. market [24][30] Question: FX impact for 2026 - The company anticipates a 2-3% headwind from currency fluctuations in 2026, partially mitigated by hedging strategies [27] Question: Zegna retail productivity and perfume rollout - Zegna's retail productivity is close to EUR 20,000 per square meter, with expectations for high single-digit improvement driven by product mix and pricing strategies [36][40] Question: Exposure to Saks Global - The group's revenue exposure to Saks is in the low single-digit area, and management is closely monitoring the situation [46] Question: U.S. market performance and customer acquisition - The U.S. market continues to show strong performance, with both new customer acquisition and returning customers contributing to growth [70][74] Question: Wholesale channel expectations for 2026 - The wholesale channel is expected to remain negative in 2026, with a high single-digit decline anticipated for the group [55][58] Question: Pricing environment and high spending cohort - The company plans mid-single-digit price increases to offset currency fluctuations, with a focus on high-spending customers driving growth [87][92]

Core Insights - Another Tomorrow has joined the Aura Blockchain Consortium to introduce a digital product passport (DPP) for its Winter/Spring 2026 collection, marking a significant innovation in the fashion industry [1][2] - The brand emphasizes transparency and accountability, aiming to empower customers through the use of blockchain technology [2] - The Aura Blockchain Consortium, co-founded by major luxury brands, seeks to enhance sustainability and traceability in luxury product supply chains [3] Company Overview - Another Tomorrow is a luxury label founded by Vanessa Barboni-Hallik, who has a background in investment banking, specifically as a former managing director at Morgan Stanley [2] - The brand focuses on circularity and digitalization, receiving a $2 million investment from Una Terra in March 2024 as part of its Series A funding round [2] - Angelina Jolie serves as a strategic advisor to Another Tomorrow, highlighting the brand's commitment to industry transformation [2] Industry Context - The Aura Blockchain Consortium was established in 2021 by prominent luxury brands including LVMH and Prada Group to promote sustainable practices in the luxury sector [3] - The consortium aims to address supply chain opacity and set new standards for transparency and traceability in the industry [3] - Marcel Härtlein, CEO of Aura, notes that Another Tomorrow's adoption of blockchain-enabled DPPs exemplifies how technology can enhance customer experiences through transparency and circularity [4] Technology Implementation - Each product from Another Tomorrow will feature traceability technology with dual NFC and QR code connectors, developed by Temera, a partner in the Aura ecosystem [4] - Temera's platform ensures the integrity of product-related data from sourcing to production [4]

Core Viewpoint - Italian luxury fashion brand Golden Goose has entered into an agreement for Hong Kong investment firm HSG to become its majority shareholder, with Temasek acquiring a minority interest and existing investor Permira retaining a strategic minority stake [1][2][3] Group 1: Investment and Shareholding - HSG will become the majority shareholder of Golden Goose, while Temasek will acquire a minority interest and Permira will maintain a strategic minority stake [1] - Financial details of the transaction have not been disclosed, and the deal is expected to finalize in summer 2026, pending regulatory approvals [1][6] Group 2: Strategic Goals - The new investment aims to accelerate Golden Goose's international expansion while maintaining its "Made in Italy" production base [2][4] - CEO Silvio Campara will continue to lead the company, supported by the current management team, with Marco Bizzarri taking on the role of non-executive chairman [2][3] Group 3: Financial Performance - Golden Goose reported revenues of €655 million ($768.52 million) for the 2024 financial year, a significant increase from €266 million in 2020 [3] - For the nine months ending September 2025, revenue increased by 13% year-on-year, driven by a 21% growth in direct-to-consumer sales and an expanded retail network of 227 stores, up from 97 in 2019 [4] Group 4: Market Position and Future Outlook - HSG partner Jiajia Zou emphasized the brand's values of love, empathy, and authenticity, highlighting the partnership's focus on supporting Golden Goose's international growth while celebrating its Italian heritage [5] - The transaction was negotiated shortly after Golden Goose postponed its initial public offering, indicating a strategic shift in the company's growth plans [6]

Group 1 - LuxExperience (LUXE) is identified as a significant player in the luxury fashion sector, with a valuation of 0.3x EV/S being considered a bargain [1] Group 2 - The research firm Goulart's Restaurant Stocks specializes in the U.S. restaurant industry, covering various segments from quick-service to fine dining [2] - The firm employs advanced financial modeling and sector-specific KPIs to uncover hidden value in public equities, particularly focusing on micro and small-cap stocks [2]

Core Viewpoint - A Milan court has granted Tod's Group an extension of two months to enhance its supply chain controls before a potential sanction is decided, following an investigation into alleged labor abuses [1][2]. Group 1: Court Decision and Company Response - The court postponed a hearing that could impose a six-month communication ban on Tod's, originally scheduled for Wednesday, to February 23 [1]. - Tod's expressed satisfaction with the court's decision, viewing it as a reasonable opportunity to complete necessary control-strengthening measures that have been initiated [2]. - The company emphasized its commitment to clarifying the situation and addressing labor issues, highlighting the protection of workers' dignity as a core value [2]. Group 2: Allegations and Investigations - Tod's and three of its managers are accused of neglecting findings from local authorities regarding labor conditions at subcontractors, which are reportedly Chinese-owned [3]. - Prosecutors have raised concerns about working hours, pay, and hygiene standards based on audit results from the company's supply chain [4]. - The investigation, led by prosecutor Paolo Storari, has uncovered alleged labor abuses and poor working conditions at some subcontractors in Lombardy and Marche regions, involved in producing staff uniforms and footwear components [4].