Alexandre Arnault Joins Nike’s Board of Directors
The LVMH executive joins Nike’s board as the sportswear giant prepares to be removed from the S&P 100 index after nearly two decades.
earnings
Retail
Shein Targets Up to $90 Billion Valuation in US IPO, Sources Say
Shein is touting its hopes for a valuation of as much as $90 billion as it lays the groundwork for an eventual US initial public offering.
Shein Targets Up to $90 Billion Valuation in US IPO, Sources Say
Shein is touting its hopes for a valuation of as much as $90 billion as it lays the groundwork for an eventual US initial public offering.
Retail
Primark Owner Sees Bigger Fashion Profit as Inflation Fades
Primark’s adjusted operating profit margin will exceed 10 percent this year, and just how high it’ll get depends on consumer demand, owner AB Foods said Tuesday, citing a recovery.
Primark Owner Sees Bigger Fashion Profit as Inflation Fades
Primark’s adjusted operating profit margin will exceed 10 percent this year, and just how high it’ll get depends on consumer demand, owner AB Foods said Tuesday, citing a recovery.
Retail
India’s Nykaa Posts Slowest Revenue Growth Since Listing Amid Stiff Competition
Nykaa's parent company reported its slowest quarterly revenue growth since listing on Monday.
India’s Nykaa Posts Slowest Revenue Growth Since Listing Amid Stiff Competition
Nykaa's parent company reported its slowest quarterly revenue growth since listing on Monday.
Retail
Klarna Returns to Profitability As More Shoppers Borrow
Klarna Bank AB reported its first quarterly operating profit in four years as it attracted more consumers to buy-now-pay-later loans.
Klarna Returns to Profitability As More Shoppers Borrow
Klarna Bank AB reported its first quarterly operating profit in four years as it attracted more consumers to buy-now-pay-later loans.
Retail
Wall Street Starts Birkenstock With Top Rating, Flags Limited Upside
Brokerages including J.P. Morgan and Goldman Sachs have started coverage on Birkenstock, with most of them assigning their top ratings as they bank on brand loyalty and easing supply chain issues.
Wall Street Starts Birkenstock With Top Rating, Flags Limited Upside
Brokerages including J.P. Morgan and Goldman Sachs have started coverage on Birkenstock, with most of them assigning their top ratings as they bank on brand loyalty and easing supply chain issues.
Beauty
Estée Lauder CFO Defends Company’s Turnaround After Stock Plunge
Estée Lauder Cos.’ chief financial officer defended the beauty company’s plans to turn around its business and cited “unprecedented volatility” as the company cut the outlook for the fourth time in the last 12 months.
Estée Lauder CFO Defends Company’s Turnaround After Stock Plunge
Estée Lauder Cos.’ chief financial officer defended the beauty company’s plans to turn around its business and cited “unprecedented volatility” as the company cut the outlook for the fourth time in the last 12 months.
Retail
Zalando Cuts 2023 Sales Forecast as Demand Stays Weak
Zalando sees continued pressure on demand for the rest of the year and now expects 2023 sales to decline, the company said on Wednesday as it reported weaker than expected third-quarter revenue.
Zalando Cuts 2023 Sales Forecast as Demand Stays Weak
Zalando sees continued pressure on demand for the rest of the year and now expects 2023 sales to decline, the company said on Wednesday as it reported weaker than expected third-quarter revenue.
Luxury
Hugo Boss Sees Strong Sales Despite Slowing Consumer Demand
Revenue rose 15 percent at constant exchange rates in the third quarter, the retailer said Thursday.
Hugo Boss Sees Strong Sales Despite Slowing Consumer Demand
Revenue rose 15 percent at constant exchange rates in the third quarter, the retailer said Thursday.
Beauty
E.l.f. Beauty Raises Outlook After Sales Surged 76 Percent Last Quarter
CEO Tarang Amin told Business of Beauty he expects annual revenue to hit $1 billion ‘sooner rather than later’ and is open to more acquisitions.
E.l.f. Beauty Raises Outlook After Sales Surged 76 Percent Last Quarter
CEO Tarang Amin told Business of Beauty he expects annual revenue to hit $1 billion ‘sooner rather than later’ and is open to more acquisitions.
Beauty
What’s Behind Estée Lauder’s Continued Slide?
Travel retail’s slow rebound drove the beauty conglomerate to its fifth straight quarter of declines.
What’s Behind Estée Lauder’s Continued Slide?
Travel retail’s slow rebound drove the beauty conglomerate to its fifth straight quarter of declines.
Beauty
Estée Lauder Lowers Outlook on China Weakness, Israel-Hamas War Risk
Estée Lauder Cos.’ already-battered shares plummeted still more after the beauty giant slashed its full-year outlook on troubles in China and the Middle East.
Estée Lauder Lowers Outlook on China Weakness, Israel-Hamas War Risk
Estée Lauder Cos.’ already-battered shares plummeted still more after the beauty giant slashed its full-year outlook on troubles in China and the Middle East.
Retail
Canada Goose Cuts Sales Forecast on Rocky China Recovery, Appoints New CFO
Canada Goose Holdings cut its annual sales forecast on Wednesday, in a sign that a sharp rebound in China was starting to falter.
Canada Goose Cuts Sales Forecast on Rocky China Recovery, Appoints New CFO
Canada Goose Holdings cut its annual sales forecast on Wednesday, in a sign that a sharp rebound in China was starting to falter.
The News in Brief
Matthieu Blazy, Sarah Burton, Haider Ackermann Among Nominees for BFC Designer of the Year
The Fashion Awards ceremony, set for Nov. 30, will also recognise the BFC’s second Vanguard award recipient, recognising emerging British design talent.
Supergoop Announces Chief Commercial Officer
The sunscreen label has appointed former Coty executive Jamie Parker to the newly created role as it gears up to become a “global skin health company.”
Mytheresa Owner’s Sales Rise as Ultra Wealthy Keep Shopping
LuxExperience posted a rise in sales as the luxury multibrand platform’s strategy of catering to the ultra wealthy helped it navigate a difficult environment for high-end fashion.
The Independents Acquires Production Studio Smuggler
The global collective has brought film studio Smuggler under its umbrella to bolster its entertainment capabilities.
L’Oréal Steals French Stock Market Crown From LVMH
The cosmetics group became France’s most valuable listed company on Tuesday, the first time since 2017 that a non-luxury company has claimed the top spot at the end of a trading day.
Authentic Brands Targets Creator Economy, Eyes Public Offering
The licensor could pursue an IPO as early as the first half of next year.
Vogue Mexico and Latin America Editor-in-Chief Karla Martinez de Salas to Step Down
The industry veteran is joining Latino-focused media platform Avance Global to establish a new lifestyle brand that will span fashion, design, travel, food, culture and entertainment.