People
Lanvin Group’s Joann Cheng to step down, successors named
Luxury conglomerate Lanvin Group has announced that its founding chairman and chief executive officer, Joann Cheng, will be stepping down from her position “to pursue new endeavours outside the group”. Cheng’s departure comes after the exec served for six years at the group, for which Lanvin’s board “expressed its deep appreciation” for her...
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Business
Torrid reports Q3 loss, promotes Paula Dempsey to CFO
For its third quarter, Torrid Holdings reported a net sales decrease of 8.3 percent to 275.4 million dollars, while comparable sales decreased 8 percent in the quarter. Gross profit margin dropped to 33.2 percent, net loss reached 2.7 million dollars or 3 cents per share, and adjusted EBITDA declined to 19.4 million dollars or 7 percent of net...
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