Hugo Boss Chairman to Step Down Amid Frasers Group Pressure
Stephan Sturm is stepping down, as the German fashion house's largest shareholder seeks to beef up its board representation alongside its takeover bid for the brand.
earnings-report
Luxury
Farfetch Sees Path to Profitability — in 2021
The online luxury marketplace’s sales soared and losses narrowed, easing investors’ concerns about the company’s business model.
Farfetch Sees Path to Profitability — in 2021
The online luxury marketplace’s sales soared and losses narrowed, easing investors’ concerns about the company’s business model.
Luxury
Burberry Teams With Chinese Internet Giant Tencent as Sales Fall in Hong Kong
Brand sales declined by a double-digit percentage in Hong Kong in the latest period.
Burberry Teams With Chinese Internet Giant Tencent as Sales Fall in Hong Kong
Brand sales declined by a double-digit percentage in Hong Kong in the latest period.
Financial Markets
There’s a New Stock Market Darling in the World of Fast Fashion
British online retailer Boohoo posted a record market value of £3.3 billion, while Asos shares fall.
There’s a New Stock Market Darling in the World of Fast Fashion
British online retailer Boohoo posted a record market value of £3.3 billion, while Asos shares fall.
Financial Markets
China's JD.com Beats Revenue Estimates, Forecasts Upbeat Q3 Sales
The Chinese e-commerce company beat Wall Street's earnings estimates, with total net revenue rising by 22.9 percent and shares up by 5 percent.
China's JD.com Beats Revenue Estimates, Forecasts Upbeat Q3 Sales
The Chinese e-commerce company beat Wall Street's earnings estimates, with total net revenue rising by 22.9 percent and shares up by 5 percent.
Financial Markets
After $140 Billion Wipeout, Alibaba and Tencent Bid for Comeback
The Chinese companies are likely to rebound from trade war losses since May, with Alibaba's revenue projected to grow by 38 percent and Tencent's revenue is expected to grow by 27 percent.
After $140 Billion Wipeout, Alibaba and Tencent Bid for Comeback
The Chinese companies are likely to rebound from trade war losses since May, with Alibaba's revenue projected to grow by 38 percent and Tencent's revenue is expected to grow by 27 percent.
Financial Markets
Amazon's Big Spending Dents Profit and Trims Forecast
Amazon said it would spend $800 million in the second quarter to move to one-day delivery for its best customers, trying to maintain its fast-shipping advantage over rivals like Walmart.
Amazon's Big Spending Dents Profit and Trims Forecast
Amazon said it would spend $800 million in the second quarter to move to one-day delivery for its best customers, trying to maintain its fast-shipping advantage over rivals like Walmart.
Financial Markets
LVMH's Creative Reshuffles Pay Off
The luxury conglomerate's sales breezed past analysts’ estimates as creative revamps at its Louis Vuitton and Christian Dior fashion brands helped fuel growth.
LVMH's Creative Reshuffles Pay Off
The luxury conglomerate's sales breezed past analysts’ estimates as creative revamps at its Louis Vuitton and Christian Dior fashion brands helped fuel growth.
Financial Markets
Nike Misses Earnings Estimates for First Time in Seven Years
The sportswear manufacturer reported earnings below expectations due to higher overhead expenses and a steeper tax bill.
Nike Misses Earnings Estimates for First Time in Seven Years
The sportswear manufacturer reported earnings below expectations due to higher overhead expenses and a steeper tax bill.
Financial Markets
All Eyes On G20 As Trump and Xi Give Trade Talks Another Try
This week everyone will be talking about the trade talks at the G20 Summit, H&M's latest earnings and In Goop Health's first summit in London. Read our BoF Professional Cheat Sheet.
All Eyes On G20 As Trump and Xi Give Trade Talks Another Try
This week everyone will be talking about the trade talks at the G20 Summit, H&M's latest earnings and In Goop Health's first summit in London. Read our BoF Professional Cheat Sheet.
Retail
Lululemon Beats Quarterly Estimates and Raises Full-Year Forecast
Lululemon's total comparable sales, a key indicator for the company's business, rose 14%, while analysts on average had expected a rise of 11.6%.
Lululemon Beats Quarterly Estimates and Raises Full-Year Forecast
Lululemon's total comparable sales, a key indicator for the company's business, rose 14%, while analysts on average had expected a rise of 11.6%.
Retail
What Abercrombie & Fitch’s Reality Check Says About the State of Retail
Slow sales at the mall retailer surprised analysts who had seen the company’s turnaround as a success story.
What Abercrombie & Fitch’s Reality Check Says About the State of Retail
Slow sales at the mall retailer surprised analysts who had seen the company’s turnaround as a success story.
Financial Markets
Canada Goose Shares Slide 20% on Missing Analyst Estimates
The luxury parka brand had its the first revenue miss since going public in 2017.
Canada Goose Shares Slide 20% on Missing Analyst Estimates
The luxury parka brand had its the first revenue miss since going public in 2017.
The News in Brief
CFDA’s Steven Kolb Involved in Altercation with PETA Protestors
The trade body’s president physically restrained animal rights activists after they stormed a Cos runway show at New York Fashion Week.
GQ Philippines Names Danyl Geneciran Editor in Chief
The former Vogue Man Philippines editor will helm GQ’s 23rd international title, whose debut issue features covers starring Darren Criss, Jordan Clarkson and Erwan Heussaff.
Human Made Discloses $3.6 Million Undercover Purchase Price and Long-Term Financial Targets
The Tokyo-listed company will pay $3.6 million in cash for 100 percent of Undercover, with founder Jun Takahashi relinquishing corporate duties to focus solely on design.
Arizona Accuses L’Oréal of Concealing Cancer Risks Linked to Hair Relaxers
The beauty conglomerate faces over 12,000 similar lawsuits filed by individuals that have been consolidated in a Chicago federal court.
Space NK Names New CEO, Andy Lightfoot Steps Down
Chief marketing officer Emma Simpson-Scott will succeed Lightfoot, who is leaving the UK retailer after seven years at the helm.
EssilorLuxottica Managers Defend CEO After Heir Lashes Out
Twenty top lieutenants to CEO Francesco Milleri came to their boss’s defense in an escalating feud with Leonardo Maria Del Vecchio, a son of the founder who abruptly left a senior role at the company.
Zara Owner Looks to US for Next Phase of Growth
Inditex is investing in the US as a key growth market, CEO Oscar Garcia Maceiras told Reuters, with store revamps and new openings planned across its Zara, Massimo Dutti and Bershka brands.