Animal rights organisation Peta has taken advantage of the downturn in the stock markets. Peta’s U.S. subsidiary has bought shares in around 20 businesses including Kering, Burberry, Ralph Lauren, and Guess.
With North American retailers implementing store closures to combat the spread of Covid-19 since the weekend, Tuesday’s announcements have come from the likes of Macy's, Ralph Lauren, AEO, Foot Locker and Tapestry.
The French label has inked a licence deal with the Italian eyewear group for the design, production and worldwide distribution of its eyeglasses and sunglasses. The first models will be launched by summer 2021.
Following its announcement of record annual sales, the international fragrance company has reported a 12% increase in full-year earnings but reduced its 2020 outlook due to the ongoing coronavirus outbreak.
Jimmy Choo’s loss is Coty’s gain. Choo CEO Pierre Denis is leaving the luxury footwear and accessories brand after eight years at the helm. He’ll step down from the role in late May and will become CEO of Coty.