Amorepacific Third-Quarter Revenue Rises 11%, Overseas Growth Cools
Revenue growth outpaced the previous quarter in the Korean conglomerate’s domestic market, but slowed internationally.
accessible-luxury
Luxury
Op-Ed | How Premium Mediocre Conquered Fashion
Brands are giving the masses the illusion that they are consuming luxury, when in reality they are doing nothing of the sort, argues Eugene Rabkin.
China
Shandong Ruyi Has Ambitious Plans to Dethrone LVMH
The Chinese company reveals plans to target affordable luxury with LVMH as its dream competitor.
Luxury
Tapestry, One Year In
Chief executive Victor Luis talks China, challenges at Stuart Weitzman and high hopes for Kate Spade New York.
Luxury
Jason Wu Parts Ways with Hugo Boss
The designer's Autumn/Winter 2018 show will be his last collection for the German house, which is shifting focus away from its womenswear business.
Luxury
Coach Shares Sink After Kate Spade Acquisition Weakens Forecast
Coach Inc's weaker-than-expected annual forecast sent shares down by the most in four-and-a-half years. Projected earnings were hurt in part by efforts to pull Kate Spade from many department stores.
Luxury
How Ganni Reinvented Scandinavian Style
What began as a niche cashmere line has blossomed into a brand with almost $60 million in annual revenue and plans to take the quintessential Copenhagen girl global.
Luxury
Can Anyone Really Build an American LVMH?
Both Coach Inc. and Michael Kors have signalled their ambitions to build a homegrown version of the European luxury conglomerate. Can they succeed where others have failed?
Luxury
How Bella Freud Is Sustaining Success in Her Second Act
Bella Freud's first fashion business was a victim of the 'murderous' recession. Now, as she launches a collection with J Brand, she tells Tim Blanks how her career was reactivated almost by accident.
News & Analysis
The Perennially Difficult Paradox of Accessible Luxury
"Brands like Michael Kors and Coach have long ridden a delicate line — is it sustainable?"
News & Analysis
Stuart Vevers on Selena Gomez as His New Campaign Girl
"For the uninitiated, Gomez is the most followed person on Instagram with 122 million followers."
Luxury
Mulberry Profit Rises 21 Percent Helped By Online Sales
The British luxury brand said it had benefitted from well received new products and increased online sales, reporting annual pretax profit of £7.5 million.
Retail
J. Crew Seeks Debt Swap Amid Declining Sales
J.Crew, which is struggling to adjust as shoppers flock to online commerce amid changing tastes, announced a debt swap on Monday, in addition to a fall in its quarterly sales.
The News in Brief
Hearst Magazines Names Juliana Stock President
Current president Debi Chirichella will be Hearst Magazine’s next chair.
Lilly Raises Sales Forecast, Widening Lead in Obesity Market
Eli Lilly & Co. raised its full-year sales forecast as demand for its blockbuster obesity and diabetes drugs continues to surge, giving the drugmaker more momentum as it expands into pills and develops even more powerful weight-loss treatments.
US to Temporarily Allow Compounding of Six Peptides
The move relaxes rules to access some peptide compounds for recovery, sleep and cognition and will require pharmacies to notify regulators about adverse events.
Adidas Keeps Humming With Apparel, Performance Sports Growth
The German sneaker brand on Thursday reported strong growth in apparel and sports gear, led by running, training and football products, elaborating on preliminary results published last week.
Uniqlo Scraps Price Rise on $2 Socks After Japanese Shopper Outcry
The decision underscores the challenge Japanese retailers face as persistent inflation squeezes household budgets.
Puig Targets €8 Billion in Annual Sales by 2032
Ahead of its first Capital Markets Day in Madrid, the Spanish beauty group has unveiled its “Vision 2032” and detailed its plans to grow its share of the global fragrance market.
Report: Puig, CVC, Cinven Eye Luxury Fragrance Maker Parfums de Marly
Private equity firms CVC Capital Partners and Cinven, along with Spanish beauty group Puig, are considering acquiring Parfums de Marly, the luxury fragrance brand owned by Advent International, two people familiar with the matter told Reuters.