14 unchanged sentences
Distribution center
−Removed: Carlstadt, New Jersey
−Removed: Distribution center
−Removed: The leases for a large portion of our corporate office and showrooms located at 500 and 512 Seventh Avenue, New York City expires in March 2023.
+Added: The leases for a large portion of our corporate office and showrooms located at 500 and 512 Seventh Avenue, New York City expired in March and December 2023.
We are currently engaged in discussions with the landlord with respect to the renewal of these leases.
1 unchanged sentence
As of January 31, 2024, we operated 104 Vilebrequin retail stores, 53 DKNY and Karl Lagerfeld Paris stores, 70 Karl Lagerfeld stores and 3 Sonia Rykiel stores.
−Removed: In addition, we operated 22 DKNY stores in China that are 75% owned by us.
+Added: In addition, we operated 16 DKNY stores in China that are operated by a 75% owned subsidiary.
Most leases for retail stores in the United States require us to pay annual minimum rent plus a contingent rent dependent on the store’s annual sales in excess of a specified threshold.
4 unchanged sentences
Vilebrequin has 58 stores located in Europe, 22 stores located in the United States, 11 stores located in Asia, 10 stores located in Mexico and 3 stores in the Caribbean.
−Removed: DKNY has 22 stores located in the United States, 5 stores located in Europe and 2 stores located in Canada.
+Added: DKNY has 14 stores located in the United States and 4 stores located in Europe.
In addition, DKNY has 16 stores located in Asia operated by Fabco.
Karl Lagerfeld Paris has 32 stores located in the United States and 3 store located in Canada.
−Removed: Sonia Rykiel has 3 stores located in Europe and 1 store located in the United States.
+Added: Sonia Rykiel has 3 stores located in Europe.
Karl Lagerfeld has 70 stores located in Europe.
3 unchanged sentences
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.