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.
earnings-report
Financial Markets
Kering Tops Forecasts as Gucci Sales Jump 49 Percent
The Paris-based luxury group reported another quarter of strong revenue growth, with comparable sales up 37 percent.
Kering Tops Forecasts as Gucci Sales Jump 49 Percent
The Paris-based luxury group reported another quarter of strong revenue growth, with comparable sales up 37 percent.
Financial Markets
JD Sports Sprints Ahead on Demand for Trainers, Track Pants
The British retailer plans to look overseas for further growth after bucking a gloomy UK retail sector by boosting annual profit by a quarter.
JD Sports Sprints Ahead on Demand for Trainers, Track Pants
The British retailer plans to look overseas for further growth after bucking a gloomy UK retail sector by boosting annual profit by a quarter.
Beauty
Luxury Cosmetics Drive L'Oréal Sales in First Quarter
The French beauty giant posted better-than-expected sales growth, driven by luxury cosmetics and rising demand in China, which also helped lift LVMH in the start of the year.
Luxury Cosmetics Drive L'Oréal Sales in First Quarter
The French beauty giant posted better-than-expected sales growth, driven by luxury cosmetics and rising demand in China, which also helped lift LVMH in the start of the year.
Financial Markets
Op-Ed | The World Just Can't Get Enough Louis Vuitton Handbags
Louis Vuitton parent company LVMH is well positioned to weather looming threats to super-charged Chinese spending, argues Andrea Felsted.
Op-Ed | The World Just Can't Get Enough Louis Vuitton Handbags
Louis Vuitton parent company LVMH is well positioned to weather looming threats to super-charged Chinese spending, argues Andrea Felsted.
Financial Markets
Raf Simons’ First Year at Calvin Klein Delivers For PVH
PVH chairman and chief executive Manny Chirico tells BoF how Calvin Klein is capitalising on the star designer’s halo effect.
Raf Simons’ First Year at Calvin Klein Delivers For PVH
PVH chairman and chief executive Manny Chirico tells BoF how Calvin Klein is capitalising on the star designer’s halo effect.
Financial Markets
PVH's Sales Hit $2.5 Billion Last Quarter
The owner of the Calvin Klein and Tommy Hilfiger brands topped Wall Street forecasts.
PVH's Sales Hit $2.5 Billion Last Quarter
The owner of the Calvin Klein and Tommy Hilfiger brands topped Wall Street forecasts.
Financial Markets
Hudson’s Bay Unable to End Sales Slide
Shares of Hudson's Bay fell after the owner of the Saks Fifth Avenue and Lord & Taylor department stores missed earnings estimates.
Hudson’s Bay Unable to End Sales Slide
Shares of Hudson's Bay fell after the owner of the Saks Fifth Avenue and Lord & Taylor department stores missed earnings estimates.
Financial Markets
Ted Baker Warns of Challenges Ahead
Despite full-year online sales jumping 39.8 percent to £101,1 million, the brand cautioned against a tough global environment ahead.
Ted Baker Warns of Challenges Ahead
Despite full-year online sales jumping 39.8 percent to £101,1 million, the brand cautioned against a tough global environment ahead.
Financial Markets
Guess Inc Holiday Sales Beat Estimates
However, net income attributable to Guess in the quarter fell to $1.04 million from $6.6 million a year earlier.
Guess Inc Holiday Sales Beat Estimates
However, net income attributable to Guess in the quarter fell to $1.04 million from $6.6 million a year earlier.
Financial Markets
Tiffany Sales Rebound at Home
The luxury jeweller posted sales growth worldwide and especially in the Americas, its largest region.
Tiffany Sales Rebound at Home
The luxury jeweller posted sales growth worldwide and especially in the Americas, its largest region.
Financial Markets
H&M Sales Miss Expectations Again
The Swedish retailer reported lower fiscal first-quarter sales, after warning last month that markdowns prompted by high inventories would hit earnings.
H&M Sales Miss Expectations Again
The Swedish retailer reported lower fiscal first-quarter sales, after warning last month that markdowns prompted by high inventories would hit earnings.
Financial Markets
Adidas Sales Growth Picks Up
The German company's fourth-quarter revenue growth returned to double-digit pace.
Adidas Sales Growth Picks Up
The German company's fourth-quarter revenue growth returned to double-digit pace.
The News in Brief
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.
Prada Revamps Milan Flagship to Cater to Top Clients and New Shoppers
The group is hoping the renovated eight-level complex can generate €100 million in annual revenue, chief executive Andrea Guerra told Reuters.
JD Sports Names New North America CEO, Chief Marketing Officer
The sneaker retailer is shaking up its North American leadership as it looks to reverse soft sales and an extended slump in the stock market.
Top Africa Clothes Retailer Pepkor Sinks on Earnings Outlook
Shares in the South African discount clothing retailer fell the most in more than three years, as an expansion into banking weighed on profit forecasts.
Kimberly-Clark Prepares Asset Sales to Win EU Nod for Kenvue Deal
The US consumer goods giant is preparing concessions to address EU antitrust concerns about its bid for Tylenol maker Kenvue that could help it win approval for the $40 billion deal, sources told Reuters.
Kevin.Murphy Appoints New CEO
The Australian hair care brand has named Elisa Fischer its new global chief executive as it looks to push deeper into international markets.