Shein Discloses FTC Probe in US, Warns of Significant Payments
According to documents the ultra-fast-fashion company filed in connection with its planned Hong Kong IPO, Shein is cooperating with the investigation and could face significant fines.
business-growth
Financial Markets
Amazon Profit Tops Estimates as Delivery Options Fuel Growth
Amazon.com Inc.’s sales and profit topped estimates on robust demand for quick-turnaround delivery and gadgets like the Kindle and Echo, adding to evidence the e-commerce giant can make money even as it invests heavily in future hardware, software and entertainment.
Amazon Profit Tops Estimates as Delivery Options Fuel Growth
Amazon.com Inc.’s sales and profit topped estimates on robust demand for quick-turnaround delivery and gadgets like the Kindle and Echo, adding to evidence the e-commerce giant can make money even as it invests heavily in future hardware, software and entertainment.
Financial Markets
Francesca Bellettini on Saint Laurent in the Post-Hedi Slimane Era
In her first ever in-depth interview, Yves Saint Laurent chief executive Francesca Bellettini speaks exclusively to BoF’s Imran Amed on maintaining the brand’s momentum in the post-Hedi Slimane era.
Francesca Bellettini on Saint Laurent in the Post-Hedi Slimane Era
In her first ever in-depth interview, Yves Saint Laurent chief executive Francesca Bellettini speaks exclusively to BoF’s Imran Amed on maintaining the brand’s momentum in the post-Hedi Slimane era.
Financial Markets
MCM Aims For $2 Billion Sales in Five Years
MCM, the brand owned and run by one of South Korea's best-known female entrepreneurs, Sung-Joo Kim, aims to more than double sales to $2 billion within five years, tapping into shoppers' growing appetite for niche luxury brands.
MCM Aims For $2 Billion Sales in Five Years
MCM, the brand owned and run by one of South Korea's best-known female entrepreneurs, Sung-Joo Kim, aims to more than double sales to $2 billion within five years, tapping into shoppers' growing appetite for niche luxury brands.
Financial Markets
Versace Sees Growth Slowing in 2016, Chief Executive Says
Versace's cautious outlook comes after several luxury groups including LVMH, Richemont and Burberry posted weak first-quarter sales.
Versace Sees Growth Slowing in 2016, Chief Executive Says
Versace's cautious outlook comes after several luxury groups including LVMH, Richemont and Burberry posted weak first-quarter sales.
Financial Markets
Beyonce Seen Boosting Zalando After Muted Start to 2016
Zalando said the launch of a new sports label by Beyonce had boosted sales since the Easter holidays after revenue grew less rapidly than expected in the first quarter.
Beyonce Seen Boosting Zalando After Muted Start to 2016
Zalando said the launch of a new sports label by Beyonce had boosted sales since the Easter holidays after revenue grew less rapidly than expected in the first quarter.
Financial Markets
European Shares Hit One-Month High, L'Oreal Leads
L'Oreal rose 4.6 percent, the top gainer in the FTSEurofirst 300 index, as the French cosmetics company pledged to outperform the market in 2016 and confirmed its ambition to achieve another year of sales and profit growth after first-quarter sales rose more than expected.
European Shares Hit One-Month High, L'Oreal Leads
L'Oreal rose 4.6 percent, the top gainer in the FTSEurofirst 300 index, as the French cosmetics company pledged to outperform the market in 2016 and confirmed its ambition to achieve another year of sales and profit growth after first-quarter sales rose more than expected.
Financial Markets
AB Foods Sees Relief from Currency Pressures as Profit Rises
Associated British Foods, owner of the Primark clothing chain, beat forecasts with a 3 percent rise in first-half profits and said currency pressures that had held back its performance were starting to ease.
AB Foods Sees Relief from Currency Pressures as Profit Rises
Associated British Foods, owner of the Primark clothing chain, beat forecasts with a 3 percent rise in first-half profits and said currency pressures that had held back its performance were starting to ease.
Financial Markets
Bulgari Sees Brighter Prospects for Second Half of Year
Bulgari chief executive Jean-Christophe Babin sees growth picking up in the second half of the year after sales suffered following the terror attacks in Paris in November.
Bulgari Sees Brighter Prospects for Second Half of Year
Bulgari chief executive Jean-Christophe Babin sees growth picking up in the second half of the year after sales suffered following the terror attacks in Paris in November.
Luxury
How Comme des Garçons Grew Gosha Rubchinskiy
BoF spoke exclusively with Gosha Rubchinskiy and Adrian Joffe, president of Comme des Garçons, to learn how the company catalysed the rapid growth of the skater-inflected fashion label.
How Comme des Garçons Grew Gosha Rubchinskiy
BoF spoke exclusively with Gosha Rubchinskiy and Adrian Joffe, president of Comme des Garçons, to learn how the company catalysed the rapid growth of the skater-inflected fashion label.
Financial Markets
James Jebbia on Taking Supreme Global
In a rare interview, the press-shy founder speaks exclusively to BoF about Supreme’s new Paris store — set to open later this week — and the company’s homegrown approach to global expansion.
James Jebbia on Taking Supreme Global
In a rare interview, the press-shy founder speaks exclusively to BoF about Supreme’s new Paris store — set to open later this week — and the company’s homegrown approach to global expansion.
Financial Markets
The Growth Conundrum
As key global markets continue to cool, business growth in the luxury sector will be hard won in 2016. But, here are three levers that fashion’s luxury megabrands can employ to drive growth.
The Growth Conundrum
As key global markets continue to cool, business growth in the luxury sector will be hard won in 2016. But, here are three levers that fashion’s luxury megabrands can employ to drive growth.
Financial Markets
Kate Spade Founders Talk New Accessories Brand
Kate Spade founders Kate Valentine and Andy Spade talk to BoF about their decision to launch new accessories line Frances Valentine, what’s different this time around and the dynamics of a 30-year-long personal and professional partnership.
Kate Spade Founders Talk New Accessories Brand
Kate Spade founders Kate Valentine and Andy Spade talk to BoF about their decision to launch new accessories line Frances Valentine, what’s different this time around and the dynamics of a 30-year-long personal and professional partnership.
The News in Brief
Frasers Group Takes a Position in Burberry
The billionaire Mike Ashley’s investment arm disclosed Tuesday it holds an interest worth a potential 4.2 percent of the voting rights in Burberry.
EssilorLuxottica Beats Forecasts, AI Glasses and Myopia Products Drive Growth
The Franco-Italian eyewear maker reported a 15 percent rise in first-half profit, beating expectations, while revenue growth was driven by strong demand for AI-enabled glasses myopia products.
Whoop Names Kyle Leahy Chief Commercial Officer
Leahy joins the wearables brand from Glossier, where she was chief executive for three years.
Chinese Jeweller Laopu Gold’s Shares Drop on Growth Outlook
The jeweller lost $2.1 billion in market value after forecasting first-half 2026 revenue growth of up to 66 percent, a sharp slowdown from last year that unsettled investors in one of China’s most viral consumer brands.
Unilever Lifts Outlook on Strongest Volume Growth in Over A Decade
Unilever upgraded its annual forecast on Tuesday, as consumers reached for brands like Vaseline and Dove despite household budget concerns stemming from the Iran war.
J&J to Pay $5.5 Billion to Settle Talc-Related Cancer Claims
Johnson & Johnson on Monday said it agreed to a $5.5 billion commitment to resolve years of litigation related to claims that its talc products caused ovarian cancer.
Lenzing Closes UK, Austria Sites in Turnaround Bid
The closures are the latest in a series of cost-cutting and refinancing measures at the textile maker, which has faced headwinds from competition in China and India.