Alexandre Arnault Joins Nike’s Board of Directors
The LVMH executive joins Nike’s board as the sportswear giant prepares to be removed from the S&P 100 index after nearly two decades.
business-growth
Financial Markets
Alibaba Posts $1 Billion in Sales in 5 Minutes on Singles’ Day
Global retail e-commerce is expected to grow by 24 percent to $1.91 trillion in transactions this year.
Alibaba Posts $1 Billion in Sales in 5 Minutes on Singles’ Day
Global retail e-commerce is expected to grow by 24 percent to $1.91 trillion in transactions this year.
Financial Markets
Ralph Lauren Tops Second-Quarter Profit Forecasts
Ralph Lauren Corp. on Thursday reported fiscal second-quarter profit of $45 million.
Ralph Lauren Tops Second-Quarter Profit Forecasts
Ralph Lauren Corp. on Thursday reported fiscal second-quarter profit of $45 million.
Financial Markets
Puma Raises Outlook as Rihanna, Celebrity Tie-Ups Help Sales
Puma raised its earnings outlook after reporting profit that topped analysts’ estimates, helped by street shoes promoted by pop-star Rihanna and British model Cara Delevingne.
Puma Raises Outlook as Rihanna, Celebrity Tie-Ups Help Sales
Puma raised its earnings outlook after reporting profit that topped analysts’ estimates, helped by street shoes promoted by pop-star Rihanna and British model Cara Delevingne.
Luxury
BoF Exclusive | Farfetch Appoints Chief Strategy Officer, En Route to Eventual IPO
The fashion e-commerce platform has hired Stephanie Phair to keep the company focused on future innovation as it prepares to pass $800 million in gross sales this year.
BoF Exclusive | Farfetch Appoints Chief Strategy Officer, En Route to Eventual IPO
The fashion e-commerce platform has hired Stephanie Phair to keep the company focused on future innovation as it prepares to pass $800 million in gross sales this year.
Beauty
L’Oréal Shares Surge as Demand Grows for Premium Makeup
L’Oréal SA’s shares soared the most in almost seven months after revenue beat analysts’ estimates on rising demand for the cosmetic maker’s high-end brands in North America.
L’Oréal Shares Surge as Demand Grows for Premium Makeup
L’Oréal SA’s shares soared the most in almost seven months after revenue beat analysts’ estimates on rising demand for the cosmetic maker’s high-end brands in North America.
Technology
Fitbit Plunges on Lower Forecast From Stiffening Competition
Fitbit Inc. lost almost a third of its market value in late trading.
Fitbit Plunges on Lower Forecast From Stiffening Competition
Fitbit Inc. lost almost a third of its market value in late trading.
Financial Markets
Coach Forecast Signals Turnaround On Track
Coach rose 0.6 percent to $36.10 in early trading in New York. The shares had increased 9.7 percent this year.
Coach Forecast Signals Turnaround On Track
Coach rose 0.6 percent to $36.10 in early trading in New York. The shares had increased 9.7 percent this year.
Financial Markets
EBay Tops Third-Quarter Forecasts
EBay Inc. reported third-quarter profit of $413 million and revenue of $2.22 billion.
EBay Tops Third-Quarter Forecasts
EBay Inc. reported third-quarter profit of $413 million and revenue of $2.22 billion.
Financial Markets
Alibaba's $60 Billion Finance Arm Seeks Growth Before IPO Say Sources
Sources with knowledge of the plans said Ant Financial, whose anchor business is Alipay, is focusing on expanding its existing 450 million-strong army of daily users, adding merchants and customers.
Alibaba's $60 Billion Finance Arm Seeks Growth Before IPO Say Sources
Sources with knowledge of the plans said Ant Financial, whose anchor business is Alipay, is focusing on expanding its existing 450 million-strong army of daily users, adding merchants and customers.
Financial Markets
Kate Spade Upgraded as Wells Fargo Predicts Comeback for Brand
Kate Spade & Co. was upgraded by Wells Fargo & Co. analyst Ike Boruchow, who sees the handbag maker’s sales and profit margins improving in the second half of the year.
Kate Spade Upgraded as Wells Fargo Predicts Comeback for Brand
Kate Spade & Co. was upgraded by Wells Fargo & Co. analyst Ike Boruchow, who sees the handbag maker’s sales and profit margins improving in the second half of the year.
Financial Markets
JD Sports Leaves Mike Ashley Trailing With ‘Astonishing’ Growth
JD Sports Fashion Plc reported first-half earnings growth that showed why it has surged past Mike Ashley’s Sports Direct International Plc among UK athletic-gear retailers.
JD Sports Leaves Mike Ashley Trailing With ‘Astonishing’ Growth
JD Sports Fashion Plc reported first-half earnings growth that showed why it has surged past Mike Ashley’s Sports Direct International Plc among UK athletic-gear retailers.
Financial Markets
Shoe Carnival Posts 2Q Profit
Shoe Carnival Inc. reported fiscal second-quarter profit of $4.1 million.
Shoe Carnival Posts 2Q Profit
Shoe Carnival Inc. reported fiscal second-quarter profit of $4.1 million.
The News in Brief
Matthieu Blazy, Sarah Burton, Haider Ackermann Among Nominees for BFC Designer of the Year
The Fashion Awards ceremony, set for Nov. 30, will also recognise the BFC’s second Vanguard award recipient, recognising emerging British design talent.
Supergoop Announces Chief Commercial Officer
The sunscreen label has appointed former Coty executive Jamie Parker to the newly created role as it gears up to become a “global skin health company.”
Mytheresa Owner’s Sales Rise as Ultra Wealthy Keep Shopping
LuxExperience posted a rise in sales as the luxury multibrand platform’s strategy of catering to the ultra wealthy helped it navigate a difficult environment for high-end fashion.
The Independents Acquires Production Studio Smuggler
The global collective has brought film studio Smuggler under its umbrella to bolster its entertainment capabilities.
L’Oréal Steals French Stock Market Crown From LVMH
The cosmetics group became France’s most valuable listed company on Tuesday, the first time since 2017 that a non-luxury company has claimed the top spot at the end of a trading day.
Authentic Brands Targets Creator Economy, Eyes Public Offering
The licensor could pursue an IPO as early as the first half of next year.
Vogue Mexico and Latin America Editor-in-Chief Karla Martinez de Salas to Step Down
The industry veteran is joining Latino-focused media platform Avance Global to establish a new lifestyle brand that will span fashion, design, travel, food, culture and entertainment.