Core Viewpoint - Kering announces a leadership change at Bottega Veneta, with CEO Bartolomeo Rongone set to leave the company on March 31, 2026, to pursue new opportunities [2][3]. Group 1: Leadership Change - Bartolomeo Rongone will depart from his role as CEO of Bottega Veneta as of March 31, 2026 [2]. - Luca de Meo, CEO of Kering, expressed gratitude for Rongone's leadership and contributions over the past six years, highlighting significant milestones achieved during his tenure [3]. - The selection process for a new CEO for Bottega Veneta is currently underway, with an announcement expected soon [3]. Group 2: Company Overview - Kering is a global luxury group that includes brands such as Gucci, Saint Laurent, and Bottega Veneta, among others [4]. - In 2024, Kering employed 47,000 people and generated revenue of €17.2 billion [4].

Core Insights - lululemon athletica inc. (LULU) and Guess? Inc. (GES) are positioned differently in the global apparel market, with LULU focusing on premium athleisure and GES as a heritage lifestyle brand [2][3] Group 1: lululemon (LULU) - LULU has achieved a 7% revenue growth in Q3 of fiscal 2025, with international revenues increasing by 33% and China Mainland revenues up by 46% in constant currency [5][6] - The company's "Power of Three x2" plan aims to double men's, digital, and international revenues by 2026, emphasizing product innovation and category expansion [6] - Despite its premium positioning, LULU faces challenges from rising trade and tariff pressures, which have impacted gross margins [7][8] - LULU's stock trades at a forward P/E of 15.97X, which is below its 3-year median of 37.04X but above GES's 9.7X [21][22] Group 2: Guess (GES) - GES has a strong international presence, particularly in Europe and Asia, and focuses on categories like denim and handbags [9][10] - In Q3 of fiscal 2026, GES reported improved gross margins due to lower promotions and better inventory discipline, despite macro pressures [13] - GES's stock has shown a total return of 47.4% over the past six months, outperforming LULU's decline of 9% [19] - The company is prioritizing margin expansion and cash generation, with ongoing investments in digital platforms and omni-channel capabilities [12][13] Group 3: Comparative Analysis - The Zacks Consensus Estimate for GES suggests an 8% year-over-year sales growth for fiscal 2026, while LULU's estimate indicates a 4.5% growth [14][16] - Recent estimate revisions for GES reflect growing investor confidence, while LULU's estimates show a decline in EPS [14][18][26] - Overall, GES is viewed as a more compelling investment choice due to its attractive valuation, steady international growth, and disciplined cost management [25][26]

Core Insights - KARL LAGERFELD and AARK Developers have partnered to develop the KARL LAGERFELD Residences, a luxury beachfront project in Ras Al Khaimah, valued at over USD 1.4 billion, with completion expected in 2028 [1][3][5] Project Overview - The project will feature 663 sea view residences ranging from one to four bedrooms, including private pools for select units, 20 podium villas, 10 sky villas/penthouses, and 11 beachfront villas, each with its own private pool [3] - Amenities will include two signature cafés and restaurants, a beach club, a sky bar with an infinity pool, and a 1000ft private beach, emphasizing architectural excellence and resort-style living [3] Market Context - Al Marjan Island is positioned as a luxury hub for tourism, hospitality, and entertainment, further enhanced by the upcoming Wynn Al Marjan Island integrated resort, set to open in 2027 [4] - This project represents KARL LAGERFELD's second branded initiative in the Middle East, with a launch event planned in Dubai for Q1 of 2026 [5] Company Background - KARL LAGERFELD is expanding its presence in hospitality and branded living, with existing projects including hotels in Macau and Marbella, and residences in Dubai and Lisbon [6] - AARK Developers is recognized for its design-led approach and has delivered projects worth over AED 5 billion, focusing on quality and long-term value [10]

Core Viewpoint - Guess?, Inc. is set to release its financial results for the third quarter of fiscal year 2026 on November 25, 2025, and will not host a conference call due to a pending take-private transaction [1]. Company Overview - Guess?, Inc. designs, markets, distributes, and licenses a lifestyle collection of contemporary apparel, denim, handbags, watches, eyewear, footwear, and other related consumer products [2]. - As of August 2, 2025, the company operated 1,062 retail stores directly and had 527 additional stores operated by partners and distributors across approximately 100 countries [2]. Recent Financial Performance - The company reported strong financial results for its second quarter ended August 2, 2025, with revenues exceeding expectations, driven by better-than-expected comparable store sales in Europe and the Americas [5]. - In the first quarter ended May 3, 2025, revenue grew by 9% in U.S. dollars and 12% in constant currency, reflecting successful integration of rag & bone and momentum in wholesale businesses [7]. ESG Commitment - Guess?, Inc. released its FY2024–2025 ESG Report titled "It's in Our DNA," highlighting its commitment to sustainable and responsible business practices through the ACTION GUESS ESG strategy [6].