The News In Brief
Deckers Outdoor Raises Annual Net Sales Target for Second Time on Robust Demand
The company’s margins were aided by full-price sales of Hoka running shoes, which have been steadily gaining market share from Nike and Adidas.
Ferragamo’s Sales Down 4% in Fourth Quarter
Sales in the North American region, which accounted for 29 percent of total revenue, were up 6.3 percent in the quarter.
Louis Vuitton to Be Title Sponsor of Australian F1 GP
The LVMH brand will have prominent trackside signage at the March 16 race, whose official title will be the Formula One Louis Vuitton Australian Grand Prix.
Puig Posts 14% Rise in Holiday Sales
The Barcelona-based company behind perfume brands Rabanne, Carolina Herrera and Jean Paul Gaultier said net sales for the three months to Dec. 31 were 1.36 billion euros ($1.42 billion).
Kering Sells Italian Luxury Outlets to Alleviate Debt
The French luxury conglomerate is poised to net €350 million from the divestment.
Levi Shares Tumble as Full-Year Guidance Disappoints
The San Francisco-based retailer is expecting revenue to fall 1 percent to 2 percent in fiscal 2025.
H&M Shares Fall as Sales Growth Continues to Disappoint
Weaker-than-expected sales at the Swedish fast-fashion giant signal hurdles for CEO Daniel Erver’s turnaround strategy.
Milan Court to Try Influencer Chiara Ferragni for Fraud Over Charity Claims
Milan prosecutors have charged the Italian influencer with fraud over allegedly misleading charity claims tied to the sale of Christmas cakes and Easter eggs, with her trial set to begin in September.
VF Corp Beats Quarterly Estimates as Turnaround Plan Pays Off
The company has now beaten revenue and profit estimates for three successive quarters, recovering from demand headwinds and losses that had affected the company up to early 2024.
Nykaa Expects Strong Growth as Shoppers Keep Spending on Luxury Beauty
Indian beauty retailer Nykaa said it expects its rapid growth to continue as it expands into smaller cities and shoppers continue to favour premium brands.
Bernard Arnault Sees Optimism in US After Attending Trump Inauguration
The LVMH chairman contrasted the optimistic mood in the US following Donald Trump’s inauguration with the challenges facing France, where rising corporate taxes and unemployment are dampening spirits.
Demna Named Chevalier de L’Ordre des Arts et des Lettres
The artistic director of Balenciaga was awarded one of France’s highest arts honors at the start of Paris couture week.