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Capri Holdings raises fiscal 2022 guidance

The parent company of luxury brands such as Versace, Michael Kors and Jimmy Choo has raised its fiscal 2022 revenue and adjusted earnings per share guidance. The updated guidance, along with a broader view of the company’s vision, growth strategies and long-term outlook, was shared at the company's’ Virtual Investor Day on June 29, 2021.


Lanxess to sell its chrome chemicals business

The German specialty chemicals company is selling its chrome chemicals business to Brother Enterprises, a Chinese leather chemicals producer. An agreement to that effect was signed on August 12, subject to approval by relevant antitrust authorities. Lanxess expects to complete the planned transaction by the end of 2019. 


Wolverine expects fast e-commerce growth

U.S. based global footwear manufacturer expects to deliver mid-single-digit underlying revenue growth in 2018, and achieve its 12% adjusted operating margin target, with significant incremental investments to drive future growth.