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
Shopee-Owner Sea Sales Top Estimates as Online Shoppers Keep Spending
The results assuage some concerns about the prospects of the Singapore-based company’s e-commerce arm.
Shopee-Owner Sea Sales Top Estimates as Online Shoppers Keep Spending
The results assuage some concerns about the prospects of the Singapore-based company’s e-commerce arm.
Sports
Swiss Sneaker Brand On Lifts Sales Forecast as Europe, Asia Fuel Demand
On raised its sales and earnings outlooks for the year after an unexpectedly strong second quarter that saw buyers in Europe and Asia snap up the Swiss sneaker maker’s high-priced footwear.
Swiss Sneaker Brand On Lifts Sales Forecast as Europe, Asia Fuel Demand
On raised its sales and earnings outlooks for the year after an unexpectedly strong second quarter that saw buyers in Europe and Asia snap up the Swiss sneaker maker’s high-priced footwear.
Beauty
Natura Swings Back to Profit, Looks to Sell Avon International
Net profit for the three months through the end of June landed at $35.8 million, reversing the $157 million real net loss it logged from the same period last year.
Natura Swings Back to Profit, Looks to Sell Avon International
Net profit for the three months through the end of June landed at $35.8 million, reversing the $157 million real net loss it logged from the same period last year.
Beauty
Beauty Chases Its New Rocket Ships
As companies lower their forecasts, brace for tariffs and undertake layoffs, the industry is realising its tried-and-true categories and markets will need reinforcements.
Beauty Chases Its New Rocket Ships
As companies lower their forecasts, brace for tariffs and undertake layoffs, the industry is realising its tried-and-true categories and markets will need reinforcements.
Retail
This Week: How Far Does the Power of Brand Go?
On Running and Tapestry report earnings this week amid rising inflation and cautious consumers. Following strong performances from Ralph Lauren and E.l.f. Beauty, these results will continue to test whether brand power is a match for economic uncertainty.
This Week: How Far Does the Power of Brand Go?
On Running and Tapestry report earnings this week amid rising inflation and cautious consumers. Following strong performances from Ralph Lauren and E.l.f. Beauty, these results will continue to test whether brand power is a match for economic uncertainty.
Retail
Crocs Shares Slump 30% Amid Tariffs and Decline of ‘Ugly Shoe’ Trend
Stock plummeted after the foam footwear maker predicted revenues could drop by between 9 and 11 percent in the current quarter, disappointing analysts who were expecting slight growth.
Crocs Shares Slump 30% Amid Tariffs and Decline of ‘Ugly Shoe’ Trend
Stock plummeted after the foam footwear maker predicted revenues could drop by between 9 and 11 percent in the current quarter, disappointing analysts who were expecting slight growth.
Sports
Under Armour Forecasts Downbeat Second-Quarter Sales
The Maryland-based sportswear maker has struggled to drive up demand in the past two years, with efforts to revive the business having hit more roadblocks in recent months due to the Trump administration's shifting tariff policies.
Under Armour Forecasts Downbeat Second-Quarter Sales
The Maryland-based sportswear maker has struggled to drive up demand in the past two years, with efforts to revive the business having hit more roadblocks in recent months due to the Trump administration's shifting tariff policies.
Direct-to-Consumer
Warby Parker Announces Executive Changes, End of At-Home Try-On
The eyewear maker said it will discontinue its longstanding program amid its ongoing brick-and-mortar expansion, and announced that its finance chief, Steve Miller, will leave the business in October.
Warby Parker Announces Executive Changes, End of At-Home Try-On
The eyewear maker said it will discontinue its longstanding program amid its ongoing brick-and-mortar expansion, and announced that its finance chief, Steve Miller, will leave the business in October.
Beauty
Peloton Projects Sales Decline and Will Cut Jobs in Turnaround Bid
The New York-based fitness technology company is laying off 6 percent of its workers globally.
Peloton Projects Sales Decline and Will Cut Jobs in Turnaround Bid
The New York-based fitness technology company is laying off 6 percent of its workers globally.
Luxury
Ralph Lauren Keeps Winning Streak Going, Raises Annual Outlook
The American fashion company has been a standout among US apparel companies, managing to steadily increase prices in recent years — even before tariffs hit.
Ralph Lauren Keeps Winning Streak Going, Raises Annual Outlook
The American fashion company has been a standout among US apparel companies, managing to steadily increase prices in recent years — even before tariffs hit.
Hair Care
Olaplex Finds Success in Direct-to Consumer, Net Sales Increase
The US hair care company reported a 2.3 percent sales gain, its first in four quarters, and has made inroads on its transformation strategy, chief executive Amanda Baldwin told The Business of Beauty.
Olaplex Finds Success in Direct-to Consumer, Net Sales Increase
The US hair care company reported a 2.3 percent sales gain, its first in four quarters, and has made inroads on its transformation strategy, chief executive Amanda Baldwin told The Business of Beauty.
Beauty
E.l.f. Beauty Net Sales Rise 9%, Will Enter Sephora Middle East
The cosmetics and skincare company saw sales rise for a 26th consecutive quarter, but declined to issue full-year guidance due to tariffs in the US.
E.l.f. Beauty Net Sales Rise 9%, Will Enter Sephora Middle East
The cosmetics and skincare company saw sales rise for a 26th consecutive quarter, but declined to issue full-year guidance due to tariffs in the US.
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.