From collaborator to member of the family: the Street leader is joining the apparel giant, which owns Vans, The North Face, Timberland.
President-elect Joseph Biden is looking to move on from election season.
Specialty stores bounced back with particular vigor, adding 12,600 jobs.
Kering’s Pinault family is also putting funds into the new luxury retail venture.
Ceo Dani Reiss said the brand was accelerating into the cold months and gaining online and in China.
Stocks overall continued to rise despite the drawn-out election, but the justification for those increases seem to have changed.
Many consumer-oriented companies saw their stock slip even as Blue Chip stocks gained with votes still being counted.
Unity, COVID-19 coordination, the economy, social justice — where fashion’s biggest names want the next administration to focus.
The pandemic and shutdowns forced the landlords to restructure with lenders in bankruptcy court.
Luxury analysts say the French group is likely to “re-enchant” the brand with renewed stores, products and leadership.
The company, which is moving Chaps to a licensed model, started coming back in the second fiscal quarter with narrower losses.
The firm’s second-quarter top and bottom line showed improvement over the first quarter.
The retailer said it is charting a course to exit bankruptcy before the holiday season.
The parties agreed on new purchase price of $131.50 in cash per share and to settle their pending litigation.
The jeweler’s stock rebounded on reports that it would consider less than the $135-a-share price set last year.