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.
finance
Financial Markets
Wal-Mart Cuts Growth Forecast as Currency Hampers Overseas Sales
Wal-Mart Stores Inc. lowered its annual sales forecast after the strong dollar pulled down the value of overseas revenue.
Wal-Mart Cuts Growth Forecast as Currency Hampers Overseas Sales
Wal-Mart Stores Inc. lowered its annual sales forecast after the strong dollar pulled down the value of overseas revenue.
Financial Markets
Puma Profit Tops Estimates as Rihanna-Designed Shoes Boost Sales
Puma SE reported fourth-quarter earnings that topped estimates as singer Rihanna helped sharpen the German sportswear brand’s focus on performance wear and women’s gear.
Puma Profit Tops Estimates as Rihanna-Designed Shoes Boost Sales
Puma SE reported fourth-quarter earnings that topped estimates as singer Rihanna helped sharpen the German sportswear brand’s focus on performance wear and women’s gear.
Financial Markets
Swiss Watch Exports Decline as Slowing Economies Weigh on Demand
Swiss watch exports slid for the seventh consecutive month as plummeting stock markets and slowing economies damped demand for luxury timepieces.
Swiss Watch Exports Decline as Slowing Economies Weigh on Demand
Swiss watch exports slid for the seventh consecutive month as plummeting stock markets and slowing economies damped demand for luxury timepieces.
Financial Markets
The Growth Conundrum
As key global markets continue to cool, business growth in the luxury sector will be hard won in 2016. But, here are three levers that fashion’s luxury megabrands can employ to drive growth.
The Growth Conundrum
As key global markets continue to cool, business growth in the luxury sector will be hard won in 2016. But, here are three levers that fashion’s luxury megabrands can employ to drive growth.
Financial Markets
Fossil Rises After Fourth-Quarter Sales Beat Analyst Estimates
Fossil Group Inc. rose as much as 18 percent in late trading after the watchmaker’s fourth-quarter sales topped analysts’ estimates, helped by new brands and investments in its digital operations.
Fossil Rises After Fourth-Quarter Sales Beat Analyst Estimates
Fossil Group Inc. rose as much as 18 percent in late trading after the watchmaker’s fourth-quarter sales topped analysts’ estimates, helped by new brands and investments in its digital operations.
Financial Markets
Point72 Adds to Nike, Sells Amazon in Fourth Quarter
Point72 Asset Management LP added shares of Nike Inc. last quarter, sold stock in Amazon.com Inc. and exited Comcast Corp.’s class A shares.
Point72 Adds to Nike, Sells Amazon in Fourth Quarter
Point72 Asset Management LP added shares of Nike Inc. last quarter, sold stock in Amazon.com Inc. and exited Comcast Corp.’s class A shares.
Financial Markets
Turkey’s Iyzico Beats PayPal to Unlock E-Commerce in Iran
Iyzico’s agreement with Tehran-based electronic payments platform PECCO lets its customers process transactions from some 230 million payment cards that until recently weren’t connected to any financial system outside Iran.
Turkey’s Iyzico Beats PayPal to Unlock E-Commerce in Iran
Iyzico’s agreement with Tehran-based electronic payments platform PECCO lets its customers process transactions from some 230 million payment cards that until recently weren’t connected to any financial system outside Iran.
Financial Markets
L’Oreal Sales Beat Estimates on Accelerating Growth in Luxury
L’Oreal SA reported revenue that beat analysts’ estimates as sales growth accelerated at its luxury division and in North America.
L’Oreal Sales Beat Estimates on Accelerating Growth in Luxury
L’Oreal SA reported revenue that beat analysts’ estimates as sales growth accelerated at its luxury division and in North America.
Financial Markets
Avon Reports 4Q Loss
Avon Products Inc. on Thursday reported a loss of $333.4 million in its fourth quarter.
Avon Reports 4Q Loss
Avon Products Inc. on Thursday reported a loss of $333.4 million in its fourth quarter.
Financial Markets
Adidas Sees Higher Profit After 2015 Earnings Beat Estimates
Adidas AG raised its outlook for 2016 amid growth at its Reebok brand and a stronger order book.
Adidas Sees Higher Profit After 2015 Earnings Beat Estimates
Adidas AG raised its outlook for 2016 amid growth at its Reebok brand and a stronger order book.
Financial Markets
Amazon to Buy Back $5 Billion of Shares
Amazon.com Inc, the world's largest e-commerce company, said on Wednesday its board authorized a $5 billion share buyback program.
Amazon to Buy Back $5 Billion of Shares
Amazon.com Inc, the world's largest e-commerce company, said on Wednesday its board authorized a $5 billion share buyback program.
Financial Markets
J.C. Penney Looking at Sale-Leaseback Deal for Texas Headquarters
Department store operator J.C. Penney Co Inc said it is pursuing a potential sale and partial leaseback of its headquarters in Texas to reduce debt and costs.
J.C. Penney Looking at Sale-Leaseback Deal for Texas Headquarters
Department store operator J.C. Penney Co Inc said it is pursuing a potential sale and partial leaseback of its headquarters in Texas to reduce debt and costs.
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.