Style Capital Acquires Alessandro Dell’Acqua’s N21
Financial details of the deal for the Milan-based brand weren’t disclosed.
earnings-report
Financial Markets
Op-Ed | For Burberry, a Brexit Boost Is not Enough
Burberry has benefited from the slump in sterling that has made its checked scarves cheaper to travelling consumers. But that wasn't enough to offset difficulties elsewhere.
Financial Markets
Burberry Sales Miss Estimates as Demand Dwindles in US
Burberry said that the relative strength of the US dollar had driven a strong increase in sales from US customers abroad, while demand at home was reduced.
Financial Markets
Uniqlo Parent Fast Retailing's Profit Increases Amid Global Expansion
The results show cost cuts by chairman Tadashi Yanai are allowing the retailer to push margins up amid sluggish demand that caused sales to drop in two of three months last quarter.
Financial Markets
Gildan Tops Fourth-Quarter Profit Forecasts
Gildan shares have declined slightly more than 2 percent since the beginning of the year. The stock has decreased nearly 1 percent in the last 12 months.
Beauty
Kohl's Quarterly Profit Beats On Higher Margins
Net sales dropped 2.8 percent to $6.21 billion, falling for the fourth straight quarter.
Financial Markets
L Brands Tops Fourth-Quarter Profit Forecasts
L Brands Inc. on Wednesday reported fiscal fourth-quarter net income of $631.7 million.
Financial Markets
Avon Reports Fourth-Quarter Loss
The direct seller of cosmetics posted revenue of $1.57 billion in the period, which did not meet Street forecasts.
Financial Markets
Columbia Sportswear Tops Fourth-Quarter Profit Forecasts
The maker of outdoor gear posted revenue of $717.5 million in the period, which fell short of Street forecasts.
Financial Markets
Puma Predicts Profit Jump as Bolt and Rihanna Assist Resurgence
Puma said operating profit in 2017 will rise at least as fast as last year, when three big global sports events and better sales of women’s wear helped the measure jump by a third.
Financial Markets
Amazon Revenue Misses Estimates as Holiday Sales Fall Short
Amazon Web Services revenue was $3.5 billion in the fourth quarter, up 47 percent from a year earlier.
Beauty
Estée Lauder Tops Second-Quarter Profit Forecasts
The beauty products company posted revenue of $3.21 billion in the period, falling short of forecasts.
Financial Markets
Alibaba Raises Forecast as Chinese Consumers Continue to Spend
The company increased its projection for fiscal 2017 revenue growth to 53 percent, from 48 percent previously.
The News in Brief
Lagos Fashion Week Continues to Flex its Pan-African Muscle
The buzzy Nigerian fashion event has attracted a cohort from across the continent, with designers from South Africa, Uganda and Morocco presenting their collections in the Nigerian city.
Estée Lauder Raises Outlook, Buoyed by Perfume Demand
Demand for the US conglomerate’s luxury fragrance brands like Le Labo, Tom Ford and By Kilian offset weaker performance from its makeup and haircare divisions.
Bangladesh Sets Up Wage Board as Garment Worker Unrest Shuts Factories
Violent protests over pay levels forced the closure of more than 500 factories over the weekend.
Premium Skincare Brand Colorescience Names New CEO
Former Kiehl’s general manager John Reed will lead the label, which was acquired by Roundtable Healthcare Partners earlier this year.
Proya Third-Quarter Revenue Grows, Profit Dented by Marketing Spend
The Chinese beauty conglomerate’s revenue grew 29.8 percent in the latest quarter, but its profit decreased by double digits due to increased promotional expenses as it expands overseas.
Michael Kors Owner Capri Soars After Raising Annual Forecasts
Shares jumped after the group raised its annual revenue and profit forecasts and said it expected sales to return to growth.
Puma Sales Slow Less Than Expected as Anta Partnership Advances
The German sportswear business is attempting to reboot its brand appeal to better compete with larger rivals Adidas and Nike.