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
Luxury
Luxury Stocks’ Nascent Revival Is About to Face Earnings Test
The sector faces significant challenges including an uneven economic recovery in China, a stronger euro, and a lack of innovation, leading analysts to predict a slow recovery.
Luxury Stocks’ Nascent Revival Is About to Face Earnings Test
The sector faces significant challenges including an uneven economic recovery in China, a stronger euro, and a lack of innovation, leading analysts to predict a slow recovery.
Luxury
This Week: LVMH Results and the Victoria’s Secret Fashion Show
The luxury giant’s earnings won’t reflect Dior’s new direction, but can speak to the environment in which those clothes will be sold.
This Week: LVMH Results and the Victoria’s Secret Fashion Show
The luxury giant’s earnings won’t reflect Dior’s new direction, but can speak to the environment in which those clothes will be sold.
Retail
Levi’s Raises Full-Year Outlook Despite Rising Tariff Impact
The denim company beat expectations but warned it was starting to feel the impact of tariffs.
Levi’s Raises Full-Year Outlook Despite Rising Tariff Impact
The denim company beat expectations but warned it was starting to feel the impact of tariffs.
Beauty
Drybar Owner Helen of Troy Beauty Sales Dented by Tariffs
Organic beauty sales declined 18 percent due to decreased consumer demand and lower orders from China thanks to tariffs, the American beauty group announced on Thursday.
Drybar Owner Helen of Troy Beauty Sales Dented by Tariffs
Organic beauty sales declined 18 percent due to decreased consumer demand and lower orders from China thanks to tariffs, the American beauty group announced on Thursday.
Retail
Uniqlo Owner Fast Retailing Posts Record Profit for Fourth Year, Beating Forecasts
The Japanese retail giant reported record annual profits, driven by strong sales in Japan and the US.
Uniqlo Owner Fast Retailing Posts Record Profit for Fourth Year, Beating Forecasts
The Japanese retail giant reported record annual profits, driven by strong sales in Japan and the US.
Beauty
Unilever Prestige Founding CEO Launches Investment Fund
Vasiliki Petrou announced the launch of her own advisory and investment firm Viralis Group supporting beauty, wellness, longevity and consumer health companies on Tuesday.
Unilever Prestige Founding CEO Launches Investment Fund
Vasiliki Petrou announced the launch of her own advisory and investment firm Viralis Group supporting beauty, wellness, longevity and consumer health companies on Tuesday.
Sports
Nike’s Comeback Finally Takes Shape
The sportswear giant’s latest earnings results showed clear signs of progress for a long-awaited comeback, but there’s still plenty of work left to be done.
Nike’s Comeback Finally Takes Shape
The sportswear giant’s latest earnings results showed clear signs of progress for a long-awaited comeback, but there’s still plenty of work left to be done.
Luxury
Brunello Cucinelli Seeks to Reassure Investors After Short Seller Accusations
The Italian cashmere label rejected allegations that it misled investors about its Russian business and discounting practices and confirmed it’s on target to grow sales 10 percent this year.
Brunello Cucinelli Seeks to Reassure Investors After Short Seller Accusations
The Italian cashmere label rejected allegations that it misled investors about its Russian business and discounting practices and confirmed it’s on target to grow sales 10 percent this year.
Sports
Nike Reports Surprise Revenue Rise as Hill’s Turnaround Effort Takes Root
The sportswear giant is trying to rediscover its identity after a string of weak quarters.
Nike Reports Surprise Revenue Rise as Hill’s Turnaround Effort Takes Root
The sportswear giant is trying to rediscover its identity after a string of weak quarters.
Retail
Asos Warns of Revenue Miss, Sending Shares Tumbling
The British fashion retailer said weak consumer demand would cause its revenue to fall short of expectations, while profit would come in at the lower end of its forecasted range.
Asos Warns of Revenue Miss, Sending Shares Tumbling
The British fashion retailer said weak consumer demand would cause its revenue to fall short of expectations, while profit would come in at the lower end of its forecasted range.
Luxury
Brunello Cucinelli Shares Fall 15% After Alleged Russia Links
Short seller Morpheus Research accused the Italian luxury label of secretly operating in Russia despite EU sanctions. The company has denied the claims.
Brunello Cucinelli Shares Fall 15% After Alleged Russia Links
Short seller Morpheus Research accused the Italian luxury label of secretly operating in Russia despite EU sanctions. The company has denied the claims.
Luxury
Mytheresa Sustains Profitable Growth Amid YNAP Merger
The German e-tailer’s net sales grew 12 percent in the final quarter of its fiscal 2025, but its newly acquired Net-a-Porter and Mr Porter saw continued declines during the same period.
Mytheresa Sustains Profitable Growth Amid YNAP Merger
The German e-tailer’s net sales grew 12 percent in the final quarter of its fiscal 2025, but its newly acquired Net-a-Porter and Mr Porter saw continued declines during the same period.
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.