Following its recent acquisition of Supreme, the Denver, Colorado-based lifestyle company has reported net income of $347.2 million for the third quarter, down 25% compared to $465.0 million in the prior-year period.
Gucci has hung on to its most-in-demand number one position in the latest Lyst Index while The North Face had the hottest product in Q4, topping both the women’s and men’s list - a first for the index.
The American owner of brands including The North Face, Timberland and Vans is moving its Asian center of operations and product supply hub, both currently based in Hong Kong, to Shanghai and Singapore, respectively.
Gucci tapped artist Sean Vegezzi to make the film, which features conversations with Gucci's Alessandro Michele and The North Face design manager global collaborations, archives, and special projects, David Whetstone.
The North Face x Gucci collection will debut in China through a series of specifically designed stores and Gucci Pin pop-up stores, and a limited selection of pieces will also become available on gucci.com.
The American lifestyle group has announced the opening of Orefici11, a multibrand concept store, where the company's Timberland, The North Face and Napapijri brands have been brought together for the first time.
Timo Schmidt-Eisenhart, who has served at VF Corp brand's including The North Face, Timberland and Napapijri, will take over as leader of Switzerland's Calida Group in early 2021, succeeding Reiner Pichler.