Reformation Valued at $886 Million in NYSE Debut
The Permira-backed womenswear retailer and some of its shareholders had raised $211 million in its IPO on Wednesday, with shares opening at $15 apiece.
earnings
Beauty
Shiseido’s Quarterly Results Pressured By Geopolitical Risks
Japan’s largest beauty conglomerate is looking to potentially swap out oil-based inputs for plant-derived materials as the Middle East conflict upends its supply chain.
Shiseido’s Quarterly Results Pressured By Geopolitical Risks
Japan’s largest beauty conglomerate is looking to potentially swap out oil-based inputs for plant-derived materials as the Middle East conflict upends its supply chain.
Beauty
Hims & Hers Misses Estimates as Strategy Shift Hits Sales
The US telehealth company posted a surprise loss on Monday, as a shift toward branded GLP-1 weight-loss drugs pressured its margins and domestic sales.
Hims & Hers Misses Estimates as Strategy Shift Hits Sales
The US telehealth company posted a surprise loss on Monday, as a shift toward branded GLP-1 weight-loss drugs pressured its margins and domestic sales.
Sports
On Lifts Outlook as Buyers Snap Up Cloudtilt Shoes
On Holding AG raised its profit outlook after a robust start to the year that saw consumers snap up the Swiss brand’s growing range of apparel and new sneakers.
On Lifts Outlook as Buyers Snap Up Cloudtilt Shoes
On Holding AG raised its profit outlook after a robust start to the year that saw consumers snap up the Swiss brand’s growing range of apparel and new sneakers.
Beauty
Schwarzkopf Maker Henkel Beats Organic Sales Forecasts Driven by Resilient Volumes
German firm Henkel reported an organic 1.7 percent rise in first-quarter sales, beating market expectations and growing both its consumer goods and adhesives businesses.
Schwarzkopf Maker Henkel Beats Organic Sales Forecasts Driven by Resilient Volumes
German firm Henkel reported an organic 1.7 percent rise in first-quarter sales, beating market expectations and growing both its consumer goods and adhesives businesses.
Beauty
Kenvue Beats First-Quarter Estimates Amid Pending Acquisition by Kimberly-Clark
Tylenol-maker Kenvue on Thursday beat Wall Street estimates for first-quarter revenue and profit helped by strong sales in its skin health and beauty brands.
Kenvue Beats First-Quarter Estimates Amid Pending Acquisition by Kimberly-Clark
Tylenol-maker Kenvue on Thursday beat Wall Street estimates for first-quarter revenue and profit helped by strong sales in its skin health and beauty brands.
Beauty
Eli Lilly’s Mounjaro Becomes World’s Top-Selling Drug
The GLP-1 medication has surpassed Merck & Co.’s cancer therapy Keytruda as the world’s best-selling medication.
Eli Lilly’s Mounjaro Becomes World’s Top-Selling Drug
The GLP-1 medication has surpassed Merck & Co.’s cancer therapy Keytruda as the world’s best-selling medication.
Luxury
Tapestry Lifts Annual Targets, Beats Quarterly Estimates on Strong Demand for Tabby Bags
The Coach owner raised its annual forecasts for the third time this year as it continues to attract affluent Gen Z customers.
Tapestry Lifts Annual Targets, Beats Quarterly Estimates on Strong Demand for Tabby Bags
The Coach owner raised its annual forecasts for the third time this year as it continues to attract affluent Gen Z customers.
Beauty
Edgewell Results Beat Estimates, Warn of Inflation Pressure
The US owner of Schick and Hawaiian Tropic, which recently divested its feminine care division, reported strong performance for grooming brand Cremo.
Edgewell Results Beat Estimates, Warn of Inflation Pressure
The US owner of Schick and Hawaiian Tropic, which recently divested its feminine care division, reported strong performance for grooming brand Cremo.
Retail
Next Lifts Outlook as Strong Sales Offset Higher Iran Costs
Estimated costs related to the conflict in the Middle East tripled, with the UK retailer planning to mitigate them through measures including raising prices.
Next Lifts Outlook as Strong Sales Offset Higher Iran Costs
Estimated costs related to the conflict in the Middle East tripled, with the UK retailer planning to mitigate them through measures including raising prices.
Beauty
Coty Reinstates Annual Profit Target, Warns of Middle East Challenges
The beauty company’s net loss grew as it continued a strategic review of its portfolio.
Coty Reinstates Annual Profit Target, Warns of Middle East Challenges
The beauty company’s net loss grew as it continued a strategic review of its portfolio.
Luxury
Hugo Boss Tops Quarterly Profit Estimates Despite Geopolitical Uncertainty
While the company said it had a strong start to the year, CEO Daniel Grieder said the turmoil in the Middle East was creating a more challenging environment.
Hugo Boss Tops Quarterly Profit Estimates Despite Geopolitical Uncertainty
While the company said it had a strong start to the year, CEO Daniel Grieder said the turmoil in the Middle East was creating a more challenging environment.
Beauty
Estée Lauder Sales Rise 2%, Job Cuts to Expand
Double-digit growth in the conglomerate’s perfume division helped offset a lack of growth in its other units as the company continues its years-long turnaround strategy.
Estée Lauder Sales Rise 2%, Job Cuts to Expand
Double-digit growth in the conglomerate’s perfume division helped offset a lack of growth in its other units as the company continues its years-long turnaround strategy.
The News in Brief
Puig Reports First-Half Revenue Growth After Estee Lauder Talks End
The Spanish beauty company reported first-half revenue growth on strong demand for makeup from Charlotte Tilbury.
Canada Goose Beats Revenue Estimates as Demand Holds Up
The outerwear brand beat expectations for first-quarter revenue, but new US tariffs on Canadian could affect future earnings.
Steven Madden Tops Expectations and Lifts Full-Year Outlook
The retailer raised its full-year revenue forecast again as its integration of luxury brand Kurt Geiger last year provided a tailwind.
Reformation and Its Backers Raise $210.9 Million in IPO
The womenswear brand and shareholders including private-equity backer Permira raised new funds in an IPO that priced shares at the bottom of the marketed range.
Adidas Shares Plunge After World Cup Spend Dents Profit
Shares in the company fell the most on record after its marketing outlay for the World Cup resulted in lower-than-expected quarterly profit.
British Fashion Council to Boost UK Fashion Beyond London
The new national initiative, Fashion Britain, aims to increase growth, innovation and participation in the industry across key cities.
Hermès’ Chief Watches China’s Pork Prices to Gauge Luxury Demand
When it comes to gauging the possibility of a sales rebound for his luxury group in China, Hermès executive chairman Axel Dumas turns to an unusual metric.