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Allbirds Announces Completion of International Distributor Deals

Retrieved on:

Wednesday, March 20, 2024

SAN FRANCISCO, March 20, 2024 (GLOBE NEWSWIRE) -- Allbirds Inc (NASDAQ: BIRD), a global lifestyle brand that innovates with naturally derived materials to make better footwear and apparel products in a better way, has signed definitive agreements with distributors in the Gulf Countries and Southeast Asia.

Key Points:

With these agreements, Allbirds has now completed deals with six international distributors.
Alyasra Fashion will be the exclusive Allbirds distributor in the Gulf Countries countries.
“We are pleased to be expanding our international presence with industry-leading distributors,” said Annie Mitchell, Chief Financial Officer of Allbirds.
These agreements highlight the continued progress we’re making against our strategic shift from a direct-go-to-market model to a third-party distributor model in key international geographies.”
“We are delighted to announce our exciting partnership with Allbirds.

G-III Apparel Group, Ltd. Reports Fourth Quarter and Full-Year Fiscal 2024 Results; Provides Fiscal 2025 Outlook

Retrieved on:

Thursday, March 14, 2024

Retail, Textiles, Manufacturing, Fashion, Growth, DKNY, Acquisition, Karl Lagerfeld, Table, Donna Karan, Bank statement, Earnout, GAAP, Nautica, Halston, Pharmaceutical industry

G-III Apparel Group, Ltd. (NasdaqGS: GIII) today reported results for the fourth quarter and full fiscal year ended January 31, 2024.

Key Points:

G-III Apparel Group, Ltd. (NasdaqGS: GIII) today reported results for the fourth quarter and full fiscal year ended January 31, 2024.
Last year’s fourth quarter included a $291.5 million non-cash goodwill impairment charge, net of tax, or $6.19 per share.
Non-GAAP net income per diluted share was $0.76 for the fourth quarter compared to $0.41 in the same period last year.
This compares to non-GAAP net income of $6.0 million, or $0.13 per diluted share, for the first quarter of fiscal 2024.

DKNY STEPS UP TO THE PLATE WITH AN ICONIC BILLBOARD AT YANKEE STADIUM

Retrieved on:

Tuesday, April 2, 2024

Life, NHL, History, NFL, Sport, MLB, DKNY, EVP, G-III Apparel Group, Subway Series, Fashion design

NEW YORK, April 2, 2024 /PRNewswire/ -- DKNY, the iconic New York brand that was founded to celebrate the energy of New York, has entered a multi-faceted, long-term partnership with the team that is the pride of the city — the New York Yankees. DKNY will once again have a presence in Yankee Stadium with a larger than life billboard in right field featuring the new DKNY logo. In 2010, the brand made history as the first fashion brand to advertise on this scale at Yankee Stadium.

Key Points:

DKNY will once again have a presence in Yankee Stadium with a larger than life billboard in right field featuring the new DKNY logo.
In 2010, the brand made history as the first fashion brand to advertise on this scale at Yankee Stadium.
"DKNY is an iconic New York company, and having its logo prominently displayed in the outfield will provide its brand great exposure at Yankee Stadium throughout the year."
The DKNY billboard at Yankee Stadium will be visible beginning on Opening Day, Friday, April 5, 2024.

VF Corporation Aligns with Engaged Capital and Appoints Caroline Brown to Board

Retrieved on:

Wednesday, February 14, 2024

Retail, Footwear, Fashion, Rotation, Multimedia, G-III Apparel Group, LVMH, Entrepreneurship, Marketing, DKNY, Sale, VFC, Annual general meeting, VF Corporation, Giorgio Armani, CIO, VF, Management

This appointment follows constructive engagement with VF’s shareholders, including Engaged Capital, LLC (“Engaged Capital”).

Key Points:

This appointment follows constructive engagement with VF’s shareholders, including Engaged Capital, LLC (“Engaged Capital”).
VF also intends to appoint to the Board another independent director in the near term mutually agreed with Engaged Capital, and will give priority to considering the candidates who have been identified by Engaged Capital (the “Additional Director”).
“We are excited to welcome Caroline to the VF Board,” said Chair of the VF Board, Richard Carucci.
Glenn W. Welling, Founder and CIO of Engaged Capital, said, “We are excited that the Board has added Caroline Brown, who will bring a wealth of apparel experience to the boardroom.

DKNY SPRING 2024: KAIA GERBER DEFINES A NEW DAY AT DKNY

Retrieved on:

Monday, February 12, 2024

MacLellan, Collection, EVP, G-III Apparel Group, SVP, DKNY, GEN, Creativity, Kaia Gerber, DNA, Fashion design

Embodying all-American style with a New York spirit, Kaia Gerber takes center stage as the global face of the relaunch, bringing undeniably real sophistication to the campaign.

Key Points:

Embodying all-American style with a New York spirit, Kaia Gerber takes center stage as the global face of the relaunch, bringing undeniably real sophistication to the campaign.
A new take on the DKNY logo sets the tone for the global reintroduction of all-American street style to the world.
Spring 2024 becomes a study of Kaia, New York, and the collection in a real, raw, sophisticated light.
"The DKNY campaign will launch today on our DKNY Instagram @DKNY and globally through a diversified media mix of print, digital, premium outdoor and social/influencer partnerships.

DKNY SPRING 2024: KAIA GERBER DEFINES A NEW DAY AT DKNY

Retrieved on:

Monday, February 12, 2024

MacLellan, Collection, EVP, G-III Apparel Group, SVP, DKNY, GEN, Creativity, Kaia Gerber, DNA, Fashion design

Embodying all-American style with a New York spirit, Kaia Gerber takes center stage as the global face of the relaunch, bringing undeniably real sophistication to the campaign.

Key Points:

Embodying all-American style with a New York spirit, Kaia Gerber takes center stage as the global face of the relaunch, bringing undeniably real sophistication to the campaign.
A new take on the DKNY logo sets the tone for the global reintroduction of all-American street style to the world.
Spring 2024 becomes a study of Kaia, New York, and the collection in a real, raw, sophisticated light.
"The DKNY campaign will launch today on our DKNY Instagram @DKNY and globally through a diversified media mix of print, digital, premium outdoor and social/influencer partnerships.

Inter Parfums, Inc. Reports Record 2023 Fourth Quarter and Full Year Net Sales

Retrieved on:

Tuesday, January 23, 2024

Cosmetics, Retail, Specialty, Luxury, Growth, Montblanc, GUESS, Salvatore Ferragamo S.p.A., DKNY, Video game

Furthermore, compared to 2019, our sales were up 85% for both the fourth quarter and full year 2023.

Key Points:

Furthermore, compared to 2019, our sales were up 85% for both the fourth quarter and full year 2023.
“Our European based operations grew sales by 2%, primarily due to Coach brand sales which rose 17% in the fourth quarter.
Considering Jimmy Choo and Montblanc sales growth of 78% and 50%, respectively, in the closing quarter of 2022, a modest decline in net sales for those two brands during the fourth quarter of 2023 was expected.
The Company’s full year 2024 guidance will be addressed in conjunction with the issuance of the 2023 fourth quarter and full year consolidated earnings results.

G-III Apparel Group, Ltd. Announces Third Quarter Fiscal 2024 Results

Retrieved on:

Tuesday, December 5, 2023

G-III Apparel Group, Ltd. (NasdaqGS: GIII), a global leader in fashion with expertise in design, sourcing, and manufacturing, today announced results for the third quarter of fiscal 2024, ended October 31, 2023.

Key Points:

G-III Apparel Group, Ltd. (NasdaqGS: GIII), a global leader in fashion with expertise in design, sourcing, and manufacturing, today announced results for the third quarter of fiscal 2024, ended October 31, 2023.
The Company today raised its GAAP and Non-GAAP net income per diluted share guidance for the fiscal year ending January 31, 2024.
The Company is anticipating non-GAAP net income for fiscal 2024 between $182 million and $187 million, or between $3.90 and $4.00 per diluted share.
The Company is projecting full-year adjusted EBITDA for fiscal 2024 between $317 million and $322 million compared to adjusted EBITDA of $266.1 million in fiscal 2023.

Inter Parfums, Inc. Announces Initial 2024 Guidance

Retrieved on:

Tuesday, November 21, 2023

Inter Parfums, Inc. (NASDAQ GS: IPAR) (“Inter Parfums” or the “Company”) today announced that it expects 2024 net sales of $1.45 billion, resulting in earnings per diluted share of $5.15.

Key Points:

Inter Parfums, Inc. (NASDAQ GS: IPAR) (“Inter Parfums” or the “Company”) today announced that it expects 2024 net sales of $1.45 billion, resulting in earnings per diluted share of $5.15.
Guidance for 2023 and 2024 assumes that the average dollar/euro exchange rate remains at current levels.
For Montblanc, we have an extension of the Legend line in early 2024, followed by a new four-scent premium collection.
“With shipments of Cavalli and Lacoste fragrances beginning in January, their combined fragrance sales should add approximately 7% to our topline growth in 2024.

Internationally Recognized Advertising Studio Calls for Industry Reform as UN Climate Change Conference Convenes

Retrieved on:

Thursday, December 7, 2023

NEW YORK, Dec. 7, 2023 /PRNewswire/ -- Pier59 Studios today urged its peers in the television, film, and advertising production industries to join them in adopting virtual production technology to substantially reduce carbon emissions. The Manhattan-based studio's call comes as world leaders gather in Dubai for the 2023 UN Climate Change Conference (COP28), where they will consider global progress on the 2015 Paris Agreement and other pressing environmental issues.

Key Points:

The Manhattan-based studio's call comes as world leaders gather in Dubai for the 2023 UN Climate Change Conference (COP28), where they will consider global progress on the 2015 Paris Agreement and other pressing environmental issues.
The studio is powered by leading virtual production software and hardware, offering an array of 2D, 2.5D, and 3D digitally created environments with photorealistic lighting and shadows.
"The advertising campaign industry is more than ten times larger than feature movies and way more prolific with over 10,000 video campaigns a year," continued Pignatelli.
It is about time that advertisers, producers, and industry insiders pay attention to Climate Change and promote the sustainable production of ad campaigns.