Samsonite Buys Stake in Béis for $178.5 Million
Founder and actress Shay Mitchell will retain a 15 percent stake in Béis, which will become a Samsonite subsidiary after the deal closes.
earnings
Retail
Primark Could Be Split From AB Foods’ Other Operations, Company Says
Associated British Foods is considering separating its Primark fashion chain from its food businesses after reporting a 13 percent drop in full-year profit.
Primark Could Be Split From AB Foods’ Other Operations, Company Says
Associated British Foods is considering separating its Primark fashion chain from its food businesses after reporting a 13 percent drop in full-year profit.
Beauty
What Next for Kenvue’s Beauty Brands?
The future of big-name brands like Neutrogena, Clean & Clear and Aveeno, which bring more than $4 billion a year in sales, is less clear under its new ownership by the tissue and feminine care giant Kimberly-Clark.
What Next for Kenvue’s Beauty Brands?
The future of big-name brands like Neutrogena, Clean & Clear and Aveeno, which bring more than $4 billion a year in sales, is less clear under its new ownership by the tissue and feminine care giant Kimberly-Clark.
Beauty
Estée Lauder Is Growing Again. Now Comes the Hard Part.
The US giant handily beat expectations and its own guidance in its latest earnings, but softness in the US and its hair and makeup businesses show it can’t take its foot off the gas yet.
Estée Lauder Is Growing Again. Now Comes the Hard Part.
The US giant handily beat expectations and its own guidance in its latest earnings, but softness in the US and its hair and makeup businesses show it can’t take its foot off the gas yet.
Beauty
Puig Warns of ‘Softer’ Fragrance Market, Sales Increase 6.1%
The Spanish owner of Byredo and Charlotte Tilbury saw a huge uptick in its makeup unit and the Asia Pacific market, but its fragrance division and sales in the US were more muted.
Puig Warns of ‘Softer’ Fragrance Market, Sales Increase 6.1%
The Spanish owner of Byredo and Charlotte Tilbury saw a huge uptick in its makeup unit and the Asia Pacific market, but its fragrance division and sales in the US were more muted.
Beauty
Estée Lauder Beats Quarterly Estimates on Robust Growth in Fragrances
The Estée Lauder Companies beat Wall Street estimates for first-quarter sales and profit on Thursday on strong demand for its Le Labo and Tom Ford fragrances and an uptick in China demand.
Estée Lauder Beats Quarterly Estimates on Robust Growth in Fragrances
The Estée Lauder Companies beat Wall Street estimates for first-quarter sales and profit on Thursday on strong demand for its Le Labo and Tom Ford fragrances and an uptick in China demand.
Retail
EBay’s Holiday-Quarter Profit Forecast Disappoints
The company beat third-quarter revenue and profit estimates but its share price fell due to macroeconomic uncertainty and the end of de minimis tariff exemptions.
EBay’s Holiday-Quarter Profit Forecast Disappoints
The company beat third-quarter revenue and profit estimates but its share price fell due to macroeconomic uncertainty and the end of de minimis tariff exemptions.
Retail
Adidas Running Business Is Picking Up Pace After Samba Boom
Running and football shoes helped propel growth in the third quarter as the German brand looks to build on momentum from its success with retro sneakers like the Samba.
Adidas Running Business Is Picking Up Pace After Samba Boom
Running and football shoes helped propel growth in the third quarter as the German brand looks to build on momentum from its success with retro sneakers like the Samba.
Retail
Next Lifts Guidance Again as Shoppers Defy UK Economic Woes
The clothing company raised its profit guidance for the fourth time this year after stronger-than-expected third-quarter sales despite earlier warnings of a slowdown.
Next Lifts Guidance Again as Shoppers Defy UK Economic Woes
The clothing company raised its profit guidance for the fourth time this year after stronger-than-expected third-quarter sales despite earlier warnings of a slowdown.
Luxury
Moncler Posts Smaller Than Forecast Decline in Quarterly Revenues
Revenues at the Italian luxury outerwear group fell 1 percent at constant exchange rates.
Moncler Posts Smaller Than Forecast Decline in Quarterly Revenues
Revenues at the Italian luxury outerwear group fell 1 percent at constant exchange rates.
Retail
Vans Parent VF Corp Beats Quarterly Estimates on Strong Demand Amid Tariff Pressure
VF Corp exceeded Q2 expectations despite economic uncertainty and rising tariffs, though it anticipates a revenue fall in Q3 excluding Dickies.
Vans Parent VF Corp Beats Quarterly Estimates on Strong Demand Amid Tariff Pressure
VF Corp exceeded Q2 expectations despite economic uncertainty and rising tariffs, though it anticipates a revenue fall in Q3 excluding Dickies.
China
This Week: What Moncler, Estée Lauder Have to Say About China
An emerging narrative this earnings season is that China’s troubled fashion market is stabilising. This week’s results will put that theory to the test.
This Week: What Moncler, Estée Lauder Have to Say About China
An emerging narrative this earnings season is that China’s troubled fashion market is stabilising. This week’s results will put that theory to the test.
Beauty
P&G Results Beat Estimates on Strength in Beauty, Razors
Procter & Gamble Co. reported better-than-expected sales for its latest quarter as consumers brushed off price increases and snapped up the company’s Gillette razors and Secret deodorant.
P&G Results Beat Estimates on Strength in Beauty, Razors
Procter & Gamble Co. reported better-than-expected sales for its latest quarter as consumers brushed off price increases and snapped up the company’s Gillette razors and Secret deodorant.
The News in Brief
Tapestry Forecasts Strong Annual Profit as Coach Remains Hot
Resilient demand for Coach bags among young and affluent shoppers helped buoy the group, but weakness at Kate Spade led the company to forecast muted annual revenue.
US Seeks Sentence for Founder of Fashion-Tech Company CaaStle
Prosecutors compared Christine Hunsicker to Elizabeth Holmes as they sought a 12.5 year prison sentence in the $300 million securities fraud case.
Shein Loses UK Copyright Lawsuit Against Temu Over Clothing Photos
The ultra-fast fashion platform lost the first round of a London legal battle against its rival for alleged copyright infringement in relation to photos of some of its products.
Birkenstock Nudges Forecast Higher on Solid Sandal Demand
The German brand bumped its sales forecast to the upper limit of its target range and posted strong quarterly earnings as consumers snapped up its sandals and clogs.
Richemont’s Panerai Brand Gets No Relief From Luxury Watch Revival
As the secondary market for timepieces rebounds, Cartier is grabbing buyer attention and there’s renewed enthusiasm around Vacheron Constantin, throwing the lack of interest in Panerai into stark contrast.
Allies of Skin’s Founder Nicolas Travis Has Resigned
The Singapore-based luxury skincare brand has also appointed Alicia Valencia as interim president.
Fabletics Seeks to Double Revenue to $2 Billion in Global Expansion
The US-based activewear brand plans to double annual revenue to $2 billion within five years, in part by opening dozens of new stores in markets such as India, Mexico and the United Arab Emirates.