On Targets High-Teens Growth Through 2029
The Swiss brand revealed its plan to keep up its momentum with new products in sports such as golf and its Mbappé-supported entry into football ahead of its investor day Tuesday.
earnings
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.
Beauty
P&G’s Price Hikes Offset Slowed China Growth
The Olay, Gillette and Pantene owner reported 2023 fiscal year net sales increased two percent to $82 billion.
P&G’s Price Hikes Offset Slowed China Growth
The Olay, Gillette and Pantene owner reported 2023 fiscal year net sales increased two percent to $82 billion.
Luxury
Luxury Slowdown? Not So Fast
Momentum in China and tourist spend in Europe enabled the sector to continue growing in Q2, while Kering’s surprise acquisition of a 30 percent stake in Valentino suggests there is more consolidation to come, writes Imran Amed.
Luxury Slowdown? Not So Fast
Momentum in China and tourist spend in Europe enabled the sector to continue growing in Q2, while Kering’s surprise acquisition of a 30 percent stake in Valentino suggests there is more consolidation to come, writes Imran Amed.
Luxury
Hermès Sales Surge 28%, Defying Luxury Slowdown
Sales at the Birkin bag maker accelerated in the second quarter, contrasting with softening demand at several key rivals.
Hermès Sales Surge 28%, Defying Luxury Slowdown
Sales at the Birkin bag maker accelerated in the second quarter, contrasting with softening demand at several key rivals.
Beauty
L’Oréal Upbeat on China Despite Market’s Softer Rebound
Second-quarter sales at French cosmetics giant L’Oréal slightly beat expectations, as a rebound in China helped offset slower growth in the United States, where the rising cost of living is prompting shoppers to tighten their purse strings.
L’Oréal Upbeat on China Despite Market’s Softer Rebound
Second-quarter sales at French cosmetics giant L’Oréal slightly beat expectations, as a rebound in China helped offset slower growth in the United States, where the rising cost of living is prompting shoppers to tighten their purse strings.
Retail
UK’s Frasers Group Sees More Profit Growth This Year
British retailer Frasers Group expects profit to rise between 5 percent and 15 percent this year as its biggest brand, Sports Direct, benefits from a partnership with Nike and shoppers keep spending despite economic headwinds, it said on Thursday.
UK’s Frasers Group Sees More Profit Growth This Year
British retailer Frasers Group expects profit to rise between 5 percent and 15 percent this year as its biggest brand, Sports Direct, benefits from a partnership with Nike and shoppers keep spending despite economic headwinds, it said on Thursday.
Retail
UK Retail Sales Slide at Fastest Pace in More Than a Year
British retail sales fell in July at the fastest rate since April 2022, and stores are bracing for worse times ahead, with many chains cutting orders placed with suppliers, an industry survey showed on Thursday.
UK Retail Sales Slide at Fastest Pace in More Than a Year
British retail sales fell in July at the fastest rate since April 2022, and stores are bracing for worse times ahead, with many chains cutting orders placed with suppliers, an industry survey showed on Thursday.
Luxury
Ermenegildo Zegna Sidesteps Luxury’s US Slowdown
Sales in America were boosted by the company’s acquisition of the Tom Ford fashion business, as well as double digit growth at Zegna and Thom Browne.
Ermenegildo Zegna Sidesteps Luxury’s US Slowdown
Sales in America were boosted by the company’s acquisition of the Tom Ford fashion business, as well as double digit growth at Zegna and Thom Browne.
Luxury
Soaring Miu Miu Sales Boost Prada Group
Miu Miu's first-half revenues jumped 50 percent year on year as runway relevance translated into sales. The group’s flagship Prada brand grew 18 percent.
Soaring Miu Miu Sales Boost Prada Group
Miu Miu's first-half revenues jumped 50 percent year on year as runway relevance translated into sales. The group’s flagship Prada brand grew 18 percent.
Luxury
Moncler Reports Record Sales as Demand in China Bounces Back
Moncler SpA saw sales jump 24 percent in the first half of the year, beating consensus estimates and exceeding the €1 billion mark for the first time.
Moncler Reports Record Sales as Demand in China Bounces Back
Moncler SpA saw sales jump 24 percent in the first half of the year, beating consensus estimates and exceeding the €1 billion mark for the first time.
The News in Brief
Reference Festival to Host ‘Freie Kunst’ Event at Art Basel Paris
The event runs from Oct. 22 to 25 and will mix participants from art, fashion, music and technology as part of the festival’s tradition of a ‘radical and unhinged exchange of ideas,’ said Mumi Haiati, founder of the event’s organiser Reference Studios.
Amazon Blocks Meta’s Muse AI Agent From Its Retail Site
The e-commerce giant prohibits other companies from deploying automated tools to shop its site and started blocking Meta’s Muse on Sunday night.
Dior to Host Cruise Show in Shanghai
The LVMH-owned megabrand will show its Cruise 2028 line in the Chinese fashion capital on May 14, 2027.
Oura Seeks $2.2 Billion in US IPO
The smart ring maker plans to market 50 million shares for $40 to $44 each, according to filings, which could value the company as high as $14.1 billion.
PR Agency CGC Launches Performance Media Division
Known for its premium beauty clients including Glossier and Hermès Beauty, the agency’s new division combines influencer marketing and AI insights.
The Commercial Case for Cooling Bangladesh’s Garment Factories
Investments to reduce heat stress for garment factory workers can pay for themselves within four years, a new report from Cornell University's Global Labor Institute finds.
Botswana Seeks Bigger De Beers Stake
Diamonds have underpinned the African country's economy since their discovery there in 1967.