Kris Van Assche Relaunches His Fashion Label
The former creative director of Dior Homme and Berluti is bringing back his namesake brand with designs for men and women.
earnings
Luxury
Hugo Boss’ 2024 Outlook Misses Expectations Amid Slowing Demand
Hugo Boss on Thursday forecast sales and operating profit for 2024 below market expectations and said it 2025 sales target might be slightly delayed, blaming weak consumer demand, especially in some European markets.
Hugo Boss’ 2024 Outlook Misses Expectations Amid Slowing Demand
Hugo Boss on Thursday forecast sales and operating profit for 2024 below market expectations and said it 2025 sales target might be slightly delayed, blaming weak consumer demand, especially in some European markets.
Beauty
Puig Sales Rose 19% to €4.3 billion in 2023
The Spanish conglomerate is on track to hit its goal of €4.5 billion in annual sales by 2025 ahead of schedule.
Puig Sales Rose 19% to €4.3 billion in 2023
The Spanish conglomerate is on track to hit its goal of €4.5 billion in annual sales by 2025 ahead of schedule.
Retail
The RealReal Reaches EBITDA Profitability
The resale platform saw revenue drop 10 percent in the fourth quarter of 2023, but met its profitability benchmark by prioritising consignment margins.
The RealReal Reaches EBITDA Profitability
The resale platform saw revenue drop 10 percent in the fourth quarter of 2023, but met its profitability benchmark by prioritising consignment margins.
Beauty
Olaplex Embarks on Turnaround Plan After Rough 2023
Reporting a double-digit sales decline in its fourth-quarter earnings, Olaplex’s new CEO outlined the company’s comeback strategy.
Olaplex Embarks on Turnaround Plan After Rough 2023
Reporting a double-digit sales decline in its fourth-quarter earnings, Olaplex’s new CEO outlined the company’s comeback strategy.
Retail
Birkenstock Posts Strong Earnings With Sandal Demand Growing
Adjusted earnings were €81 million ($88 million) before interest, taxes, depreciation and amortisation in the quarter ending in December.
Birkenstock Posts Strong Earnings With Sandal Demand Growing
Adjusted earnings were €81 million ($88 million) before interest, taxes, depreciation and amortisation in the quarter ending in December.
Retail
EBay Reports Strong Holiday Quarter, Expands Buyback Plan
Once an industry pioneer, the San Jose, California-based company has been losing US market share for years to the likes of Amazon and Walmart.
EBay Reports Strong Holiday Quarter, Expands Buyback Plan
Once an industry pioneer, the San Jose, California-based company has been losing US market share for years to the likes of Amazon and Walmart.
China
Lanvin Group Annual Revenue Flat in 2023
Its main brand Lanvin fell by 7 percent year over year, weighing on the group’s results.
Lanvin Group Annual Revenue Flat in 2023
Its main brand Lanvin fell by 7 percent year over year, weighing on the group’s results.
Retail
As Target Celebrates 25 Years of Designer Collaborations, Fashion Takes a Backseat
The American big-box retailer announced its upcoming partnership with Diane von Furstenberg amid a sales slump in apparel and other discretionary categories.
As Target Celebrates 25 Years of Designer Collaborations, Fashion Takes a Backseat
The American big-box retailer announced its upcoming partnership with Diane von Furstenberg amid a sales slump in apparel and other discretionary categories.
Luxury
Margiela and Diesel Fuel Rise in Sales for OTB Group
Despite macroeconomic conditions that challenged players across the luxury industry, sales for Milan-based OTB Group rose 10.2 percent year-over-year to €1.9 billion ($2 billion) in the financial year 2023, ended Dec. 31.
Margiela and Diesel Fuel Rise in Sales for OTB Group
Despite macroeconomic conditions that challenged players across the luxury industry, sales for Milan-based OTB Group rose 10.2 percent year-over-year to €1.9 billion ($2 billion) in the financial year 2023, ended Dec. 31.
Beauty
China’s Consumer Slump Claims Another Victim as Shiseido Profit Slides
Shiseido became the latest victim on Friday of a slowing Chinese economy that has battered earnings at many global consumer goods companies, when the Japanese cosmetics maker reported a 40 percent slide in annual earnings.
China’s Consumer Slump Claims Another Victim as Shiseido Profit Slides
Shiseido became the latest victim on Friday of a slowing Chinese economy that has battered earnings at many global consumer goods companies, when the Japanese cosmetics maker reported a 40 percent slide in annual earnings.
Luxury
Hermès Plans 8% Price Hike as Annual Sales Top $14 Billion
Fourth-quarter sales at the leather goods powerhouse rose by 18 percent, defying the wider slowdown in luxury demand.
Hermès Plans 8% Price Hike as Annual Sales Top $14 Billion
Fourth-quarter sales at the leather goods powerhouse rose by 18 percent, defying the wider slowdown in luxury demand.
Luxury
Ralph Lauren Rides Strong Holiday Demand, China Rebound to Post Upbeat Results
The company beat profit expectations for the 14th straight quarter sending its shares 11 percent higher on Thursday.
Ralph Lauren Rides Strong Holiday Demand, China Rebound to Post Upbeat Results
The company beat profit expectations for the 14th straight quarter sending its shares 11 percent higher on Thursday.
The News in Brief
Shein Shares Plunge Up to 17% on Grey Market Ahead of Hong Kong Debut
More than 63 million shares changed hands leading up to the formal debut on Tuesday.
Semcap Invests in UK Wellness Platform Healf
The private equity firm’s beauty and wellness division, led by Vasiliki Petrou, has made a minority investment in the fast-growing e-tailer.
Victoria Beckham Swings to Profit
The fashion and beauty brand flagged strong demand for tailoring, occasion wear and elevated daywear as it posted a 15 percent rise in annual sales.
Nike Hires Ex-Foot Locker Executive to Run Converse Operations
Kristin Bauer, who was chief supply chain officer for the sneaker retailer for nearly three years, will join Converse as chief operating officer on Sept. 14, according to an internal memo.
EssilorLuxottica Starts Buyback to Bolster Stock After Heir Exit
The brand plans to buy back more than €800 million ($932 million) of stock, seeking to bolster investor confidence after a slide in its shares and the exit of an heir of the eyewear maker’s founder from his management roles.
Ulta Beauty Raises 2026 Guidance as Sales Rise 8.9%
The beauty retailer’s fiscal second-quarter growth was driven by fragrance, K-beauty and store expansion, said CEO Kecia Steelman.
Nike Hires Walmart Veteran Ewing as Chief Commercial Officer
Jane Ewing, who was most recently interim chief executive officer for Sam’s Club in China, will join Nike on Sept. 7.