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14 Jun

Kontoor CEO Scott Baxter on How VF Spin-off Set

by Beauty Tips
Fashion, Featured
Fashion’s quick love of the following latest thing — from the newest brand to the buzziest tech — comes with an enormous blindspot.  The tried and true is commonly forgotten or left behind.  For Lee and Wrangler, it wasn’t a lot a case of being left behind, as a substitute they were dislodged from their longtime home at VF Corp. in a spin-off just over 4 years ago.  To hearken to Scott Baxter, who navigated the 2 jeans businesses and their parent company Kontoor Brands Inc. through the spin-off and the pandemic, the split proved to be just what Lee and Wrangler needed.  “The brands had lost their ability to ring a bell with their consumer,” said Baxter, Kontoor’s chairman and chief executive officer,...
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20 May

Alibaba Logs 2 Percent Growth, Unveils Spin-off IPO Plans

by Beauty Tips
Fashion, Featured
SHANGHAI — Alibaba released its first earnings report since revealing in March that the corporate can be split into six business units. The Hangzhou-based e-commerce giant revealed on Thursday that revenue for the fourth quarter ended March 31 had increased by 2 percent year-over-year to 208.2 billion renminbi, or $30.3 billion, falling in need of analysts’ expectations. Throughout the quarter, net income reached 23.5 billion renminbi, or $3.4 billion, with adjusted profits rising by 38 percent year-over-year to 27.4 billion renminbi, or $3.98 billion. For the fiscal yr ending March 31, revenue gained 2 percent year-over-year, reaching 868.68 billion renminbi, or $126.49 billion. Operating income amounted to 100.35 billion renminbi, or $14.61 billion, marking a 44 percent year-over-year increase. As an indicator of China’s...
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17 Sep

Louis Vuitton Men’s China Spin-Off Show Sets Recent Livestream Record

by Beauty Tips
Fashion, Featured
QINHUANGDAO, CHINA — For its men’s spin-off show in China, Louis Vuitton transformed Aranya, a seaside resort town in Northern China, right into a larger-than-life playground. The spectacle, livestreamed on eight platforms, including Weibo, Douyin, Kuaishou and for the primary time on Dewu, China’s own StockX, attracted greater than 278 million viewers online. Constructing on the “magnified playground” concept introduced in the course of the brand’s Paris men’s show last June, Louis Vuitton swapped a magnified toy racetrack with a blown-up sand scape that took greater than two weeks to construct. Louis Vuitton became the primary luxury brand to host a fashion show at Aranya. Valentino will follow suit, taking on Aranya with art installations and a pop-up store to have a good...
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