Asos Names Law Roach ‘Stylist in Residence’
Online fashion retailer Asos has brought on celebrity stylist Law Roach to bring his creative lens and styling approach to its campaigns and recently relaunched magazine.
earnings
Luxury
Ferragamo’s Sales Decline in First Half
Sales at Italian luxury goods group Salvatore Ferragamo declined by 7.2 percent at constant currencies in the first half, hit by double-digit drops in both North America and Asia Pacific, the company said on Thursday.
Ferragamo’s Sales Decline in First Half
Sales at Italian luxury goods group Salvatore Ferragamo declined by 7.2 percent at constant currencies in the first half, hit by double-digit drops in both North America and Asia Pacific, the company said on Thursday.
Retail
Zalando Nearly Doubles Operating Profit in Q2 on Better Order Economics
Its second-quarter adjusted earnings before interest and tax (EBIT) grew 87 percent, to €144.8 million ($158.24 million), compared with the same quarter last year.
Zalando Nearly Doubles Operating Profit in Q2 on Better Order Economics
Its second-quarter adjusted earnings before interest and tax (EBIT) grew 87 percent, to €144.8 million ($158.24 million), compared with the same quarter last year.
Retail
Yeezy Destocking Helps Lift Adidas Sales Outlook
Adidas sales should fall only slightly in 2023, a better outcome than previously expected, the sportswear giant said on Thursday.
Yeezy Destocking Helps Lift Adidas Sales Outlook
Adidas sales should fall only slightly in 2023, a better outcome than previously expected, the sportswear giant said on Thursday.
Beauty
Beiersdorf Hikes Organic Sales Aim on Demand for Nivea, Sunscreen
Beiersdorf on Thursday raised its annual forecast for organic sales a second time this year, after its core brand Nivea and high sunscreen demand drove double-digit growth in half-year organic sales.
Beiersdorf Hikes Organic Sales Aim on Demand for Nivea, Sunscreen
Beiersdorf on Thursday raised its annual forecast for organic sales a second time this year, after its core brand Nivea and high sunscreen demand drove double-digit growth in half-year organic sales.
Retail
Next Raises Annual Profit Guidance
British fashion retailer Next raised its guidance for annual profit by £10 million ($12.7 million) to £845 million on Thursday.
Next Raises Annual Profit Guidance
British fashion retailer Next raised its guidance for annual profit by £10 million ($12.7 million) to £845 million on Thursday.
Beauty
Fragrance Maker Symrise Reports a Decline in Profit
Symrise posted an 8 percent fall in half-year core profit, hurt by a production shut-down and higher energy and raw material costs, sending shares in the flavour and fragrance maker lower on Wednesday.
Fragrance Maker Symrise Reports a Decline in Profit
Symrise posted an 8 percent fall in half-year core profit, hurt by a production shut-down and higher energy and raw material costs, sending shares in the flavour and fragrance maker lower on Wednesday.
Luxury
Hugo Boss Guidance Upgrade Leaves Investors Wanting More
The German fashion brand now sees full-year sales of €4.1 billion ($4.5 billion) to €4.2 billion, up from a previous forecast of €4 billion, it said Wednesday.
Hugo Boss Guidance Upgrade Leaves Investors Wanting More
The German fashion brand now sees full-year sales of €4.1 billion ($4.5 billion) to €4.2 billion, up from a previous forecast of €4 billion, it said Wednesday.
Beauty
E.l.f. Raises Sales Outlook
E.l.f. Beauty Inc. hiked fiscal year sales and adjusted profit expectations as inflation-weary customers drive demand for its budget-conscious brand.
E.l.f. Raises Sales Outlook
E.l.f. Beauty Inc. hiked fiscal year sales and adjusted profit expectations as inflation-weary customers drive demand for its budget-conscious brand.
Beauty
Estée Lauder Bulls Flee, Citing China Recovery Concerns
A slew of Wall Street analysts have downgraded Estée Lauder Cos. ahead of the beauty company’s quarterly earnings report, citing concerns around a prolonged recovery in its key China market.
Estée Lauder Bulls Flee, Citing China Recovery Concerns
A slew of Wall Street analysts have downgraded Estée Lauder Cos. ahead of the beauty company’s quarterly earnings report, citing concerns around a prolonged recovery in its key China market.
Retail
Birkenstock Owner Plans September IPO at $8 Billion Value
L Catterton is set to launch an initial public offering of Birkenstock as soon as September that may value the iconic footwear maker at more than $8 billion, people with knowledge of the matter said.
Birkenstock Owner Plans September IPO at $8 Billion Value
L Catterton is set to launch an initial public offering of Birkenstock as soon as September that may value the iconic footwear maker at more than $8 billion, people with knowledge of the matter said.
Retail
Amazon Doubling Same-Day Delivery Facilities in Push for Speed
Amazon Inc. will double the number of US same-day delivery facilities in the “coming years,” the company announced Monday; investment executives are counting on to maintain Amazon’s lead in the $1.4 trillion online shopping market.
Amazon Doubling Same-Day Delivery Facilities in Push for Speed
Amazon Inc. will double the number of US same-day delivery facilities in the “coming years,” the company announced Monday; investment executives are counting on to maintain Amazon’s lead in the $1.4 trillion online shopping market.
Retail
Dr. Martens Shares Rise on Report of Stake Building by Activist Investor
Britain’s Dr. Martens’ shares were trading up 4 percent after Sky News reported that activist fund manager Sparta Capital accumulated stock worth tens of millions of pounds in the London-listed bootmaker.
Dr. Martens Shares Rise on Report of Stake Building by Activist Investor
Britain’s Dr. Martens’ shares were trading up 4 percent after Sky News reported that activist fund manager Sparta Capital accumulated stock worth tens of millions of pounds in the London-listed bootmaker.
The News in Brief
Boohoo’s New Chairman Stirs Controversy as Broker Drops Coverage
The online clothing retailer, which rebranded as Debenhams Group last year, said Friday that Iain McDonald had taken over from Tim Morris with immediate effect in a move aimed at ‘rebuilding equity value.’
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.
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.