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
Beauty
Ulta Beauty Raises Sales Outlook, Beats Expectations
The American beauty retailer saw sales increase 6.7 percent in the last quarter, outperforming Wall Street expectations of 3 percent growth.
Ulta Beauty Raises Sales Outlook, Beats Expectations
The American beauty retailer saw sales increase 6.7 percent in the last quarter, outperforming Wall Street expectations of 3 percent growth.
Luxury
Brunello Cucinelli Operating Profit Up 8.8% in First Half
The Italian group has proved more resilient than others in the luxury sector amid an industry slowdown.
Brunello Cucinelli Operating Profit Up 8.8% in First Half
The Italian group has proved more resilient than others in the luxury sector amid an industry slowdown.
Sports
Dick’s Raises Its Outlook on Strong Sporting Goods Demand
The activewear and sporting goods retailer is set to close the $2.4 billion Foot Locker deal in September.
Dick’s Raises Its Outlook on Strong Sporting Goods Demand
The activewear and sporting goods retailer is set to close the $2.4 billion Foot Locker deal in September.
Retail
Victoria’s Secret Comeback Shows Progress With Sales Rebound
New CEO Hillary Super’s strategy to revive the business has been focused on the young-adult brand Pink, bras and beauty.
Victoria’s Secret Comeback Shows Progress With Sales Rebound
New CEO Hillary Super’s strategy to revive the business has been focused on the young-adult brand Pink, bras and beauty.
Beauty
Bath and Body Works Sales Flat, Profits Dip
The US mass fragrance retailer’s general, administrative and store costs weighed on profits, but its loyalty program drove increased spend and store visits.
Bath and Body Works Sales Flat, Profits Dip
The US mass fragrance retailer’s general, administrative and store costs weighed on profits, but its loyalty program drove increased spend and store visits.
Retail
Abercrombie & Fitch Raises Annual Sales Forecast on Hollister Strength
Demand for Hollister’s dresses and jeans has remained strong as well-heeled US shoppers have shown little resistance to rising prices on premium apparel.
Abercrombie & Fitch Raises Annual Sales Forecast on Hollister Strength
Demand for Hollister’s dresses and jeans has remained strong as well-heeled US shoppers have shown little resistance to rising prices on premium apparel.
Beauty
Givaudan Names New CEO
Christian Stammkoetter will succeed longtime chief executive Gilles Andrier, the Swiss fragrance giant announced alongside new growth targets for 2030.
Givaudan Names New CEO
Christian Stammkoetter will succeed longtime chief executive Gilles Andrier, the Swiss fragrance giant announced alongside new growth targets for 2030.
Retail
PVH Corp. Raises Outlook After Posting Quarterly Earnings Beat
The owner of the Calvin Klein and Tommy Hilfiger apparel brands now sees revenue increasing in a range of up “slightly” to a rise in the low-single digits.
PVH Corp. Raises Outlook After Posting Quarterly Earnings Beat
The owner of the Calvin Klein and Tommy Hilfiger apparel brands now sees revenue increasing in a range of up “slightly” to a rise in the low-single digits.
Retail
JD Sports’ Quarterly Sales Fall on Weak UK but US Shows Improvement
The sports-fashion retail company reported a steeper decline in second-quarter underlying sales, particularly in the UK, but observed signs of stabilisation in its key US market.
JD Sports’ Quarterly Sales Fall on Weak UK but US Shows Improvement
The sports-fashion retail company reported a steeper decline in second-quarter underlying sales, particularly in the UK, but observed signs of stabilisation in its key US market.
Retail
Temu-Owner PDD Tops Revenue Estimates, But Competition Squeezes Margins
The E-commerce giant behind Temu surpassed quarterly revenue expectations but saw net profit decline due to competition from the likes of Alibaba and Amazon.
Temu-Owner PDD Tops Revenue Estimates, But Competition Squeezes Margins
The E-commerce giant behind Temu surpassed quarterly revenue expectations but saw net profit decline due to competition from the likes of Alibaba and Amazon.
Luxury
Victoria Beckham’s Brand Is Only Getting Bigger
As Beckham prepares for a star turn in a Netflix docuseries this autumn, her brand surpassed £100 million in annual sales, driven by strength in both beauty and fashion, even as the wider luxury industry suffers a slowdown.
Victoria Beckham’s Brand Is Only Getting Bigger
As Beckham prepares for a star turn in a Netflix docuseries this autumn, her brand surpassed £100 million in annual sales, driven by strength in both beauty and fashion, even as the wider luxury industry suffers a slowdown.
Direct-to-Consumer
Trinny London Hires New CMO, Revamps Branding Strategy
With a Charlotte Tilbury alum as its new marketing chief, the eight-year-old UK beauty brand is homing in on storytelling as it chases global expansion.
Trinny London Hires New CMO, Revamps Branding Strategy
With a Charlotte Tilbury alum as its new marketing chief, the eight-year-old UK beauty brand is homing in on storytelling as it chases global expansion.
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.