In APAC, Q3 revenue declined 4% due to China, partly because of the Covid impacts.

This performance reflects the successful execution of the Company’s “CLAIM 5” strategy

Fast Retailing Co. blamed the decrease on pandemic-related restrictions in China and the weaker yen, as well as the warmer weather in November.

Worn’s buyers and sellers will be onboarded onto the Sellier platform as part of the deal, growing the latter’s business by around 25 percent in the coming year.

The founder Brunello Cucinelli said 2022 was “undoubtedly our breakthrough year”.

Separate data showed Japan’s jobless rate fell to 2.5% in November and down from 2.6% in October.

“Inflation altered the way U.S. consumers approached their holiday shopping – from hunting for the best deals to making trade-offs that stretched gift-giving budgets.”

With the adjustment of China’s pandemic prevention and control policies, Hainan is seizing the opportunity of the peak season to promote.

L Catterton has significant experience investing globally in apparel and digitally-native companies. Current and past investments in the space include ba&sh; Just Over The Top (JOTT); Ganni; Sandro, Maje & Claudie Pierlot; Savage X Fenty; Sweaty Betty; and ThirdLove.

VF shares have fallen 64% in the past year, giving it a market value of about $10 billion.