The Independents Acquires Production Studio Smuggler
The global collective has brought film studio Smuggler under its umbrella to bolster its entertainment capabilities.
earnings-report
Financial Markets
Tapestry Shares Rise After Earnings Beat Expectations
Same-store sales for the Coach brand surpassed analysts’ estimates, a sign the label is rebounding as executives try to re-elevate its image.
Tapestry Shares Rise After Earnings Beat Expectations
Same-store sales for the Coach brand surpassed analysts’ estimates, a sign the label is rebounding as executives try to re-elevate its image.
Beauty
Estée Lauder Extends Streak on Strength of Online, Holiday Sales
Sales surged across most of its brands in the latest quarter, with skincare, makeup and fragrances all posting double-digit gains.
Estée Lauder Extends Streak on Strength of Online, Holiday Sales
Sales surged across most of its brands in the latest quarter, with skincare, makeup and fragrances all posting double-digit gains.
Financial Markets
Amazon Sales Surge During Best Holiday Quarter Growth Since 2009
Sales gained 38 percent to $60.5 billion in the fourth quarter fuelled by the company’s dominance in e-commerce and cloud computing.
Amazon Sales Surge During Best Holiday Quarter Growth Since 2009
Sales gained 38 percent to $60.5 billion in the fourth quarter fuelled by the company’s dominance in e-commerce and cloud computing.
Financial Markets
Ralph Lauren Tumbles After Posting Weak Holiday-Season Sales
Sales declined more than expected in the American company’s latest quarter.
Ralph Lauren Tumbles After Posting Weak Holiday-Season Sales
Sales declined more than expected in the American company’s latest quarter.
Financial Markets
Ferragamo Full-Year Sales Drop 3.1 Percent
The Florence-based company's core profit margins have also been falling year-on-year.
Ferragamo Full-Year Sales Drop 3.1 Percent
The Florence-based company's core profit margins have also been falling year-on-year.
Financial Markets
SMCP Fourth-Quarter Sales Rise, Confirms Financial Targets
The French fashion group reported higher fourth-quarter revenues, driven by brisk holiday season trading and store openings, and confirmed its full-year financial targets for earnings growth.
SMCP Fourth-Quarter Sales Rise, Confirms Financial Targets
The French fashion group reported higher fourth-quarter revenues, driven by brisk holiday season trading and store openings, and confirmed its full-year financial targets for earnings growth.
Financial Markets
LVMH Posts Record Revenues Amid China Comeback
The world's biggest luxury goods maker posted an 18 percent rise in operating income for 2017, as robust demand from China boosted sales.
LVMH Posts Record Revenues Amid China Comeback
The world's biggest luxury goods maker posted an 18 percent rise in operating income for 2017, as robust demand from China boosted sales.
Financial Markets
Tiffany's $450 Silver Rulers Help Holiday Sales Rebound
The New York-based retailer's home-accessories collection contributed to its recovery.
Tiffany's $450 Silver Rulers Help Holiday Sales Rebound
The New York-based retailer's home-accessories collection contributed to its recovery.
Financial Markets
Op-Ed | Burberry's Lost in a Fashion Wilderness
The British luxury brand needs a top creative director to turn things around.
Op-Ed | Burberry's Lost in a Fashion Wilderness
The British luxury brand needs a top creative director to turn things around.
Financial Markets
Nike Remains Challenged in the US
The company has said it would improve results in its largest market by selling to fewer retailers and doing more business with chains that focus on athletic gear.
Nike Remains Challenged in the US
The company has said it would improve results in its largest market by selling to fewer retailers and doing more business with chains that focus on athletic gear.
Financial Markets
Hudson's Bay Posts Wider-Than-Expected Loss on Lower Retail Sales
The owner of the Saks Fifth Avenue luxury retailer said comparable sales during the quarter were impacted by lower traffic and deeper discounts.
Hudson's Bay Posts Wider-Than-Expected Loss on Lower Retail Sales
The owner of the Saks Fifth Avenue luxury retailer said comparable sales during the quarter were impacted by lower traffic and deeper discounts.
Financial Markets
Calvin Klein and Tommy Hilfiger Owner Beats Forecasts
PVH posted revenue of $2.36 billion in the third quarter.
Calvin Klein and Tommy Hilfiger Owner Beats Forecasts
PVH posted revenue of $2.36 billion in the third quarter.
The News in Brief
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.
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.