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Fashion Designer Hedi Slimane Leaves LVMH's Maison Celine

The logo of fashion house Celine is seen in front of the Dome des Invalides before their Spring/Summer 2019 women's ready-to-wear collection show during Paris Fashion Week in Paris, France, September 28, 2018. REUTERS/Gonzalo Fuentes
The logo of fashion house Celine is seen in front of the Dome des Invalides before their Spring/Summer 2019 women's ready-to-wear collection show during Paris Fashion Week in Paris, France, September 28, 2018. REUTERS/Gonzalo Fuentes
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Fashion Designer Hedi Slimane Leaves LVMH's Maison Celine

The logo of fashion house Celine is seen in front of the Dome des Invalides before their Spring/Summer 2019 women's ready-to-wear collection show during Paris Fashion Week in Paris, France, September 28, 2018. REUTERS/Gonzalo Fuentes
The logo of fashion house Celine is seen in front of the Dome des Invalides before their Spring/Summer 2019 women's ready-to-wear collection show during Paris Fashion Week in Paris, France, September 28, 2018. REUTERS/Gonzalo Fuentes

Famed fashion designer Hedi Slimane has left LVMH's Maison Celine division, said LVMH on Wednesday.

"Under his creative and artistic direction, Celine has experienced exceptional growth and established itself as an iconic French couture house," the French luxury goods company said in a statement.
LVMH first hired Slimane for Maison Celine in 2018, Reuters reported.

Slimane, who has designed clothes for rock star David Bowie and actor Brad Pitt, worked for LVMH's Dior Homme unit in the 2000s.

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Under Armour Raises Annual Profit Forecast on Cost-savings Plan

FILE PHOTO: Products are displayed in an Under Armour store in New York City, US, November 4, 2019. REUTERS/Brendan McDermid/File Photo
FILE PHOTO: Products are displayed in an Under Armour store in New York City, US, November 4, 2019. REUTERS/Brendan McDermid/File Photo
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Under Armour Raises Annual Profit Forecast on Cost-savings Plan

FILE PHOTO: Products are displayed in an Under Armour store in New York City, US, November 4, 2019. REUTERS/Brendan McDermid/File Photo
FILE PHOTO: Products are displayed in an Under Armour store in New York City, US, November 4, 2019. REUTERS/Brendan McDermid/File Photo

Sportswear maker Under Armour raised its annual profit forecast on Thursday, betting on its cost-saving strategy and efforts to sell more clothing and shoes at full price.

Shares of the company rose 6.3% in premarket trading.

Following several quarters of poor results, Under Armour founder Kevin Plank returned as CEO to reset the business and has been reducing headcount and cutting down on inventory of some products.

The company is also aiming to cut back on promotions and sell apparel and footwear at full prices.
It now expects annual adjusted per-share profit of between 24 cents and 27 cents, compared with its prior forecast of 19 cents to 21 cents.