The News In Brief
Brunello Cucinelli Operating Profit Up 8.8% in First Half
The Italian group has proved more resilient than others in the luxury sector amid an industry slowdown.
Dick’s Raises Its Outlook on Strong Sporting Goods Demand
The activewear and sporting goods retailer is set to close the $2.4 billion Foot Locker deal in September.
Victoria’s Secret Comeback Shows Progress With Sales Rebound
New CEO Hillary Super’s strategy to revive the business has been focused on the young-adult brand Pink, bras and beauty.
Bath and Body Works Sales Flat, Profits Dip
The US mass fragrance retailer’s general, administrative and store costs weighed on profits, but its loyalty program drove increased spend and store visits.
Sotheby’s to Bring Auction Series to Abu Dhabi, Eying Local Rich
The auction house will launch its first series in Abu Dhabi this December, as the emirate aims to become a global destination for art and luxury.
Abercrombie & Fitch Raises Annual Sales Forecast on Hollister Strength
Demand for Hollister’s dresses and jeans has remained strong as well-heeled US shoppers have shown little resistance to rising prices on premium apparel.
Givaudan Names New CEO
Christian Stammkoetter will succeed longtime chief executive Gilles Andrier, the Swiss fragrance giant announced alongside new growth targets for 2030.
Swatch Gains as CEO Hayek Eases Concerns Over US Tariffs
Citigroup Inc. analyst Thomas Chauvet said Swatch will raise prices by a further 5 to 10 percent in the US following a previous increase, to fully offset the tariffs’ impact.
Newly Engaged Travis Kelce Is Teaming Up With American Eagle
The announcement of a collaboration between the brand and the NFL star’s Tru Kolors clothing line came less than a day after Kelce announced his engagement to Taylor Swift.
Nigeria Bans Raw Shea Nut Exports to Bolster Domestic Beauty Industry
The shea nut export ban, announced on Tuesday, aims to boost the country’s shea butter and oil industry by curbing informal trade and improving local processing.
PVH Corp. Raises Outlook After Posting Quarterly Earnings Beat
The owner of the Calvin Klein and Tommy Hilfiger apparel brands now sees revenue increasing in a range of up “slightly” to a rise in the low-single digits.
JD Sports’ Quarterly Sales Fall on Weak UK but US Shows Improvement
The sports-fashion retail company reported a steeper decline in second-quarter underlying sales, particularly in the UK, but observed signs of stabilisation in its key US market.