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Good evening, below is today's KPA daily news brief. 

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KPA DAILY NEWS BRIEF | AUGUST 2, 2021
Leadership Changes
Design Holding High-end design group co-founded by The Carlyle Group names former SMCP CEO Daniel Lalonde as CEO (Design Holding IR)
IT’SUGAR Recruits former Victoria's Secret COO Mike Koempel as its Chief Operating Officer (Businesswire)
Next Frontier Brands Adds former JCPenney CFO Bill Wafford as its new CFO (PRNewswire)
Procter & Gamble Promotes COO Jon Moeller to CEO, succeeding David Taylor, who becomes Executive Chair (Businesswire)
SMCP Promoted Isabelle Guichot to CEO and Director, replacing Daniel Lalonde (WWD)
Walmart Names Express Scripts exec John Wigneswaran as its new Chief Medical Officer, replacing Tom Van Gilder, who had left the retailer in March (Bloomberg)
Wish Names Tarun Jain to the newly-created position of Chief Product Officer, reporting to Founder & CEO, Piotr Szulczewski (Businesswire)
Earnings Report
Aeffe H1: Up 30.4%; records double-digit growth in all of its markets (Aeffe IR)
Alpargatas Q2: Parent company of the Havaianas brand's revenue increases 71% to 1.1 Billion Brazilian Real ($210 Million) (Fashion United)
Capri Holdings Q1: Revenues up 178% to $1.25 Billion (Capri IR)
Carter's Q2: Net sales increased 45% to $746.4 Million (Carter's IR)
EssilorLuxottica Q2 & H1: Revenue rose to 4.71 Billion Euros, up 103% (and 9.2% vs. 2019); raises full-year guidance (EssilorLuxottica IR)
Hermès H1: Operating income up 221% to 1.72 Billion Euros (Hermes IR)
Newell Brands Q2: 28% increase in net sales to $2.7 Billion; raises full year outlook (Newell Brands IR)
VF Corp Q1: Revenues doubled to $2.2 Billion; Vans sales grew 110% (VF IR)
Financing / M&A
Afterpay Acquired by Square for $29 Billion in an all-stock deal (New York Times)
Bergamotte Acquired by French rival Bloom & Wild for an undisclosed sum (Retail Gazette)
Foot Locker Acquires athletic retailer WSS for $750 Million and Atmos, a Japan-based streetwear and sneaker shop, for $360 Million (WSJ)
Gopuff Secured $1 Billion in funding at a $15 Billion valuation from investors including Blackstone, Guggenheim Investments, and Fidelity (Businesswire)
Intercos Group Receives 30 Million Euros in financing to support its ESG targets (WWD)
True Beauty Ventures Closed a $42 Million fund. Has previously invested in a number of beauty and wellness brands (WWD)
Victoria’s Secret Commences trading as a standalone company on the NYSE (WWD)
Victoria’s Secret UK Has moved out of administration and into liquidation (Retail Gazette)
Other Retail News
Amazon Faces an $887 Million fine from the EU, citing the company's failure to meet GDPR laws (CNN)
Birdies Footwear brand to open its second physical store, this time in Los Angeles (Footwear News)
Bulgari LVMH brand partnering with JD.com, the brand's first with a third-party e-commerce company (BoF)
Carlyle Group Rewarding $2 Million to 50+ execs and other employees globally who have gone above and beyond in terms of the firm's goals tied to diversity, equity, and inclusion (Bloomberg)
Cosabella Rebranding to be more inclusive; increases niche sizing options and will be adding Men's (BoF)
Dior Italian court recognizes the brand's exclusive right to its Book Tote bag as well as its signature stripe (WWD)
Equinox Along with its SoulCycle division, will require proof of vaccination for all customers and employees (NYP)
Fenty Rihanna’s brand is launching its first fragrance next month (Fashion Network)
Forbes Launches The Forbes Store, an online store including a limited-edition collaboration with Boys Lie (Forbes)
Global Brands USA Following its bankruptcy, still owes Kenneth Cole and Authentic Brands Group millions (Footwear News)
L Brands Settled various sexual harassment claims (WWD)
Louis Vuitton Sees its $3,000 speaker going viral and, more importantly, actually selling (Highsnobiety)
Mada Start-up shopping app expands into Men's (WWD)
New Balance x Bandier Collaborating on a 12-piece activewear collection (WWD)
New York Times Delays its return to office scheduled for early September; a new date has yet to be set (NYT)
Newegg Will begin accepting Litecoin via BitPay (Businesswire)
PetSmart Pet food shortages are leaving owners on the hunt (Reuters)
Piercing Pagoda The Signet Jewelers division is changing its name to Banter by Piercing Pagoda, opening more enclosed mall locations (Bloomberg)
Shein Is becoming the Chinese Apparel maker that American teens can't get enough of (WSJ)
Starbucks Has become well-known for producing highly-recruitable executives, and it's okay with that (Bloomberg)
Target Giving each of its 340,000 FT/PT frontline workers a $200 bonus in August (WWD)
Target Based on CDC-determined high-risk counties, will begin requiring store workers to wear masks (CNBC)
TikTok Olympic athletes are posting to the social media platform, and fashion brands are benefiting (Glossy)
Walmart Will require both corporate staff and management-level employees to be vaccinated by October (CNBC)
Walmart Requiring workers to wear masks in CDC-designated high-risk counties throughout the US (CNBC)
Walt Disney Requiring all salaried and non-union employees in the U.S. to be vaccinated by the end of September (CNBC)
Relevant Reads
Why female athletes are turning away from the major sponsors (New York Times)

Companies are already pushing their return-to-office dates to 2022 (CNBC)

Ties are out and stretchy pants are in: The office wardrobe might never be the same (CNBC)

Vietnam overtakes Bangladesh in garment exports (BoF)
ABOUT KIRK PALMER ASSOCIATES

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