Luxury Perfume Line Roja London Acquired by Extravaganza Beauty
Master perfumer and founder Roja Dove will remain with the brand in a new consultancy role.
earnings
Retail
Birkenstock Reveals 21% Revenue Jump in Updated Financials Ahead of IPO
German premium footwear maker, Birkenstock Holding’s revenue jumped 21 percent in the nine months that ended June 30, it said in updated paperwork for a U.S. stock market listing on Friday.
Birkenstock Reveals 21% Revenue Jump in Updated Financials Ahead of IPO
German premium footwear maker, Birkenstock Holding’s revenue jumped 21 percent in the nine months that ended June 30, it said in updated paperwork for a U.S. stock market listing on Friday.
Retail
H&M’s Quarterly Sales Stagnate as It Feels Heat of Competition
H&M reported on Friday flat sales for its most recent quarter, lagging expectations as the world’s second-biggest fashion retailer struggled in the face of intense competition from Zara-owner Inditex and others.
H&M’s Quarterly Sales Stagnate as It Feels Heat of Competition
H&M reported on Friday flat sales for its most recent quarter, lagging expectations as the world’s second-biggest fashion retailer struggled in the face of intense competition from Zara-owner Inditex and others.
Beauty
THG Shares Drop as Firm Lowers Revenue Target After £100 Million Loss
THG Plc shares plunged as much as 20 percent after the UK e-commerce company reported a wider loss in the first half and lowered its sales forecast, held back by inflationary pressures and its beauty division.
THG Shares Drop as Firm Lowers Revenue Target After £100 Million Loss
THG Plc shares plunged as much as 20 percent after the UK e-commerce company reported a wider loss in the first half and lowered its sales forecast, held back by inflationary pressures and its beauty division.
Luxury
Ermenegildo Zegna’s First Half Operating Profit Jumps 45%
Italian fashion group Ermenegildo Zegna said on Wednesday its first-half adjusted operating profit grew 45 percent to €120 million ($129 million).
Ermenegildo Zegna’s First Half Operating Profit Jumps 45%
Italian fashion group Ermenegildo Zegna said on Wednesday its first-half adjusted operating profit grew 45 percent to €120 million ($129 million).
Retail
Primark Predicts Bigger Profits After Strong Barbie T-Shirt Sales and Price Rises
The owner of Primark said its full-year profits would be higher than previously expected, helped by strong sales of Barbie T-shirts, cargo shorts and boho dresses, as well as price increases.
Primark Predicts Bigger Profits After Strong Barbie T-Shirt Sales and Price Rises
The owner of Primark said its full-year profits would be higher than previously expected, helped by strong sales of Barbie T-shirts, cargo shorts and boho dresses, as well as price increases.
Retail
Primark Owner AB Foods Raises Profit Outlook Again
Associated British Foods raised its full-year profit outlook on Tuesday for the second time in four months, driven by resilient trading at its Primark fashion business and a strong performance from its food operations in its latest quarter.
Primark Owner AB Foods Raises Profit Outlook Again
Associated British Foods raised its full-year profit outlook on Tuesday for the second time in four months, driven by resilient trading at its Primark fashion business and a strong performance from its food operations in its latest quarter.
Retail
European Retailers Risk Dressing-Down From Investors as Consumers Flinch
European retailers have been unlikely stock market stars this year, but a long spell of high borrowing costs and inflation has started to bite, so wary investors will be looking for reassurances from the likes of H&M and Zara-owner Inditex when they issue business updates this week.
European Retailers Risk Dressing-Down From Investors as Consumers Flinch
European retailers have been unlikely stock market stars this year, but a long spell of high borrowing costs and inflation has started to bite, so wary investors will be looking for reassurances from the likes of H&M and Zara-owner Inditex when they issue business updates this week.
Retail
Pricing in Focus as Inditex Seeks to Maintain Its Edge Over Rivals
Zara owner Inditex, which was among the first fashion retailers to raise prices in response to surging inflation, is in a strong financial position as weakening demand for clothing puts pressure on the sector to lower prices, analysts say.
Pricing in Focus as Inditex Seeks to Maintain Its Edge Over Rivals
Zara owner Inditex, which was among the first fashion retailers to raise prices in response to surging inflation, is in a strong financial position as weakening demand for clothing puts pressure on the sector to lower prices, analysts say.
Luxury
Tod’s Operating Profit More Than Triples in First-Half
Sales at Tod’s grew 23 percent in the first six months of the year, driven by a strong performance in its main market Greater China, as showed by preliminary data published in July.
Tod’s Operating Profit More Than Triples in First-Half
Sales at Tod’s grew 23 percent in the first six months of the year, driven by a strong performance in its main market Greater China, as showed by preliminary data published in July.
Financial Markets
Europe Luxury Stocks Slide After Richemont Chairman Says Inflation Is Denting Demand
Luxury goods stocks slumped in Europe, wiping out more than $25 billion in market value after Richemont chairman Johann Rupert said inflation is starting to dent demand across the region.
Europe Luxury Stocks Slide After Richemont Chairman Says Inflation Is Denting Demand
Luxury goods stocks slumped in Europe, wiping out more than $25 billion in market value after Richemont chairman Johann Rupert said inflation is starting to dent demand across the region.
Luxury
Audemars Piguet CEO Expects to Exit Watchmaker With Record Sales
Strong demand for the Swiss luxury watch brand’s pricey timepieces has put sales on track to hit fresh highs.
Audemars Piguet CEO Expects to Exit Watchmaker With Record Sales
Strong demand for the Swiss luxury watch brand’s pricey timepieces has put sales on track to hit fresh highs.
Retail
UK Retailer Next ups Stake in Reiss as Warburg Pincus Exits
Britain’s Next agreed on a deal to raise its stake in upmarket fashion chain Reiss Group to 72 percent from 51 percent, after the retailer teamed up with the Reiss family to buy Warburg Pincus’s shares for 128 million pounds ($162 million).
UK Retailer Next ups Stake in Reiss as Warburg Pincus Exits
Britain’s Next agreed on a deal to raise its stake in upmarket fashion chain Reiss Group to 72 percent from 51 percent, after the retailer teamed up with the Reiss family to buy Warburg Pincus’s shares for 128 million pounds ($162 million).
The News in Brief
UK Retail Sales Bounce Back With 0.5% Gain in August
Warm weather and a brighter national mood helped lift spending on clothing and household goods despite rising energy bills.
EssilorLuxottica Gets Rare Sell Call Amid Stock Slump, AI Glasses Concerns
Shares in the eyewear giant, one of Europe's best-rated blue chips, have dropped 55 percent since November, while concerns are mounting over slowing growth and privacy issues for its AI glasses with Meta.
Olaplex Names New CEO
Christoph Kaul will succeed Amanda Baldwin, who led the hair care label through its acquisition by Henkel earlier this year.
Perelel Expands C-Suite, Tapping Rare Beauty’s CMO
Known for its prenatal vitamins, the wellness label has hired Rare Beauty's Ashley Murphy as its chief marketing officer, while Anjelika Temple moves into the chief creative officer role.
Swiss Watch Exports Grow for Fourth Month, Overcoming US Slump
Exports in August were buoyed by China and Japan, despite a sharp decline in shipments to the US.
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.
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.