Latest News & Analysis
Warby Parker’s Revenue, Profits Soar in Third Quarter
The eyewear maker’s net income more than tripled to $6 million during the period despite increased marketing spend as retail expansion continues to drive the business. But the brand lowered full-year revenue guidance amid ongoing macroeconomic uncertainty.
Olaplex Sales Drop But Beat Expectations
The hair care giant saw sales dip 3.8 percent, beating Wall Street and its own estimates, as professional sales rebounded and new launches proved popular.
Ulta Beauty Expands to Kuwait
The American retailer is continuing its global rollout with its first store in the Middle East on Nov. 7, featuring luxury brands like Augustinus Bader and Tom Ford Beauty.
Tapestry Lifts Outlook After Coach Drives Quarterly Beat
Tapestry Inc. raised its full-year outlook after quarterly earnings beat expectations, with Coach fuelling growth despite a more cautious shopper.
Shein Eyes $2 Billion Profit in 2025 Despite US Tariff Headwinds
The fast-fashion company’s profits were buoyed by price hikes and cost-cutting measures that offset a decline in online traffic.
US Luxury Shoppers Unfazed by Price Hikes, Says Top Rolex Seller
Wealthy Americans continue to purchase luxury Swiss watches, driving strong sales for Watches of Switzerland Group Plc, although tariffs remain a concern.
Lauder Heir’s Family Seeks $1 Billion in Share Sale
The family of Estee Lauder Companies Inc. heir Leonard Lauder is seeking to raise about $1 billion in a sale of shares in the beauty products maker, according to people familiar with the matter.
Kao Sales Lift 3.5% Against Cosmetics Business Reset
The Japanese conglomerate and Bioré owner’s latest earnings show early gains from its new strategy to drive beauty growth.
Pfizer Loses Legal Bid to Block Novo’s Metsera Offer
A judge denied Pfizer’s request to temporarily block Novo Nordisk’s $10 billion bid to acquire the obesity startup Metsera Inc., saying the US pharmaceutical company’s objections to the deal don’t warrant a delay.
France Ramps Up Pressure on EU to Investigate Shein Over Sex Dolls, Weapons
France is urging the European Union to formally investigate the fast fashion giant, citing breaches of European rules and the Digital Services Act.
Zalando Shares Jump on Third Quarter Growth Hike
Its newly acquired About You business drove growth for the online fashion retailer, which also announced a new partnership with Germany’s national soccer federation.
Coty Stares Into a Gucci-less Void
L’Oréal is set to take over the coveted Gucci license in a few short years, but losing a key brand is just one of the US conglomerate’s woes.