Wearable device maker Fitbit Inc reported its first drop in revenue in five quarters on Wednesday as it faced intense competition from deeper-pocket companies such as Apple Inc and Samsung Electronics Co.
The American fashion brand announced on Wednesday that it has named Katie Anderson as its new chief financial officer, a role in which she succeeds Sandeep Reddy, who has been with the company for just under a decade.
Capri Holdings Ltd missed Wall Street estimates for quarterly profit on Wednesday, as protests in Hong Kong and negative Chinese consumer reaction to an 'incorrectly labeled' T-shirt hurt sales of its Versace brand.
Clarks is continuing to struggle with the company’s 2018/19 results release showing that UK and Irish sales fell by as much as £36.7m to £561.1m in the year to February, while Europe and US shop sales were also weak.
Pambet, who has worked for 34 years at the Annecy-based French skiing brand, is handing over the reins next January to Michael White, the chief commercial officer of Salomon’s owner Amer Sports since 2016.