Swiss Watch Exports Grow for Fourth Month, Overcoming US Slump
Exports in August were buoyed by China and Japan, despite a sharp decline in shipments to the US.
earnings-report
Financial Markets
YNAP Sales Hit €1 Billion as Mobile Grows
The online luxury retailer Yoox Net-a-Porter reported first-half earnings that beat estimates as the company’s mobile platform grew to account for more than half of sales.
YNAP Sales Hit €1 Billion as Mobile Grows
The online luxury retailer Yoox Net-a-Porter reported first-half earnings that beat estimates as the company’s mobile platform grew to account for more than half of sales.
Financial Markets
Gucci Isn't the Only Brand Fuelling Growth at Kering
The luxury conglomerate's growth trend continues at an impressive pace, thanks to sales increases in nearly every region and from more brands than powerhouses Gucci and Saint Laurent.
Gucci Isn't the Only Brand Fuelling Growth at Kering
The luxury conglomerate's growth trend continues at an impressive pace, thanks to sales increases in nearly every region and from more brands than powerhouses Gucci and Saint Laurent.
Financial Markets
LVMH Profit Grows at Fastest Rate Since 2011 as Asia Rebounds
Profit from recurring operations rose 23 percent to €3.64 billion ($4.23 billion) in the first half, the French luxury goods conglomerate reported Wednesday.
LVMH Profit Grows at Fastest Rate Since 2011 as Asia Rebounds
Profit from recurring operations rose 23 percent to €3.64 billion ($4.23 billion) in the first half, the French luxury goods conglomerate reported Wednesday.
Financial Markets
Hermès Sticks to 'Ambitious' Production Goal as Sales Rise 8.3 Percent
The company is trying to respond to a rebound in demand for high-end goods by training up leather workers and adding new sites.
Hermès Sticks to 'Ambitious' Production Goal as Sales Rise 8.3 Percent
The company is trying to respond to a rebound in demand for high-end goods by training up leather workers and adding new sites.
Financial Markets
Burberry Sales Beat Estimates as CEO Gobbetti Takes Over
Strong first-quarter results give Gobbetti a boost as he seeks to benefit from a luxury goods rebound in China while overhauling the company’s US business.
Burberry Sales Beat Estimates as CEO Gobbetti Takes Over
Strong first-quarter results give Gobbetti a boost as he seeks to benefit from a luxury goods rebound in China while overhauling the company’s US business.
Financial Markets
Sales Slump at Victoria's Secret Owner L Brands
Net sales at the Victoria's Secret owner fell 6 percent in June, compared with last year during the same period, and same-store sales fell 9 percent, which is worse than industry analysts had expected.
Sales Slump at Victoria's Secret Owner L Brands
Net sales at the Victoria's Secret owner fell 6 percent in June, compared with last year during the same period, and same-store sales fell 9 percent, which is worse than industry analysts had expected.
Financial Markets
Guess Reports First-Quarter Loss
Guess shares have fallen 18 percent since the beginning of the year and on Wednesday reported a loss of $21.3 million in its fiscal first quarter.
Guess Reports First-Quarter Loss
Guess shares have fallen 18 percent since the beginning of the year and on Wednesday reported a loss of $21.3 million in its fiscal first quarter.
Financial Markets
Calvin Klein and Tommy Hilfiger Owner PVH Beats First-Quarter Forecasts
The New York-based company posted revenue of $1.99 billion in the period.
Calvin Klein and Tommy Hilfiger Owner PVH Beats First-Quarter Forecasts
The New York-based company posted revenue of $1.99 billion in the period.
Luxury
Ralph Lauren Reports $204 Million Loss in Fourth Quarter
Ralph Lauren has been struggling to turnaround sales due to sluggish spending on apparel and accessories. The company's margins have taken a hit as competition in the industry has stiffened.
Ralph Lauren Reports $204 Million Loss in Fourth Quarter
Ralph Lauren has been struggling to turnaround sales due to sluggish spending on apparel and accessories. The company's margins have taken a hit as competition in the industry has stiffened.
Luxury
Op-Ed | Burberry Needs a Creative Cure
While Burberry reported it generated cash of $897.6 million for the year ended March 31, there is little to console investors elsewhere in the business as it still has a mountain to climb to make itself a millennial must-have.
Op-Ed | Burberry Needs a Creative Cure
While Burberry reported it generated cash of $897.6 million for the year ended March 31, there is little to console investors elsewhere in the business as it still has a mountain to climb to make itself a millennial must-have.
Luxury
Burberry Profit Falls 21 Percent Ahead of New CEO Arrival
The company reported its full year pre-tax profit dropped to $599 million, on an underlying basis, underscoring the challenge that faces Marco Gobbetti when he becomes CEO in July.
Burberry Profit Falls 21 Percent Ahead of New CEO Arrival
The company reported its full year pre-tax profit dropped to $599 million, on an underlying basis, underscoring the challenge that faces Marco Gobbetti when he becomes CEO in July.
Financial Markets
Victoria's Secret Owner L Brands Tops First Quarter Forecasts
L Brands Inc. on Wednesday reported fiscal first-quarter earnings of $94.1 million.
Victoria's Secret Owner L Brands Tops First Quarter Forecasts
L Brands Inc. on Wednesday reported fiscal first-quarter earnings of $94.1 million.
The News in Brief
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.
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.