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
Michael Kors Faces Tougher Market After Coach-Kate Spade Merger
The combination of Michael Kors' two biggest rivals is unwelcome news to the company, which is staging its own turnaround plan in an attempt to shed its image as a lower-priced brand.
Luxury
Who Is Best Placed to Buy Jimmy Choo?
Valued at £700 million, Jimmy Choo is an acquisition target that could attract bids from private equity, foreign investors or luxury conglomerates.
Retail
Kate Spade's Position Weakens as It Explores Sale
The New York-based handbag maker's first quarterly sales decline in almost eight years couldn’t have come at a worse time, weakening its bargaining power in an eventual sale.
Luxury
Op-Ed | Kate Spade Is Dragging Its Heels on a Deal
Kate Spade's sales decline gives potential suitors such as Coach and Michael Kors even more reason not to pay a high premium to buy the $3 billion company.
Retail
Jaeger Goes Into Administration
The British fashion brand struggled in the past few years to stand out in a fiercely competitive fashion retailing market.
Retail
Coach Names Joshua Schulman Brand President and CEO
In the newly created role, the former Bergdorf Goodman president will be responsible for all aspects of the brand globally, reporting to Victor Luis, CEO of Coach Inc.
Retail
China's Love of Parisian Chic Boosts SMCP Profits
SMCP, the group behind French fashion brands Sandro, Maje and Claudie Pierlot, is benefiting from buoyant demand among a fast-growing middle class in China, where it already has 70 stores.
Luxury
How Direct-to-Consumer Brands Are Disrupting the Global Eyewear Business
Brands like France’s Izipizi, South Korea’s Gentle Monster and America’s Warby Parker are shaking up the eyewear market with direct-to-consumer models.
Retail
BCBG Max Azria Gets Bankruptcy Loan as Chain Plots Asset Sale
The company needs the money so it can continue selling inventory to pay creditors, who are owed $459 million, according to a court filing.
Luxury
News Bites | Calvin Klein and Moonlight, Rebekka Bay Exits Everlane and More...
In today's News Bites, Calvin Klein teams up with the Moonlight cast, Rebekka Bay exits Everlane for Marimekko and Sofia Sanchez de Betak aka Chufy launches her own line.
Luxury
Kors vs. Coach: Which is Best Positioned to Buy Kate Spade?
Two of Kate Spade’s biggest competitors are reportedly considering buying the accessible luxury brand. Which is likely to win — and should either of them be bidding in the first place?
Luxury
Can Complét Pull a Mansur Gavriel?
This month, our spotlight shines on Complét, a Tel Aviv-based accessories brand with global ambitions.
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.