The Independents Acquires Production Studio Smuggler
The global collective has brought film studio Smuggler under its umbrella to bolster its entertainment capabilities.
financial results
Latest News & Analysis
Retail
Lockdowns Hit Harrods’ Bottom Line
Sales and profit at the famed London department store plummeted in 2020 as a result of strict lockdown measures that forced its Knightsbridge location to close for much of the year, according to business accounts filed with the UK’s Companies House.
Lockdowns Hit Harrods’ Bottom Line
Sales and profit at the famed London department store plummeted in 2020 as a result of strict lockdown measures that forced its Knightsbridge location to close for much of the year, according to business accounts filed with the UK’s Companies House.
Retail
Zalando’s Profit Falls as In-Store Sales Rebound
It said there was a “fierce promotional environment” in many European markets, adding that unusually warm weather in September had kept a lid on demand for full-price fall/winter items and increased sales of discounted spring/summer fashion.
Zalando’s Profit Falls as In-Store Sales Rebound
It said there was a “fierce promotional environment” in many European markets, adding that unusually warm weather in September had kept a lid on demand for full-price fall/winter items and increased sales of discounted spring/summer fashion.
Financial Markets
Ralph Lauren Expands Market Share in Its Latest Quarter
The company has been slower than some of its peers to recover from the pandemic, which has squashed some of investors’ optimism going forward.
Ralph Lauren Expands Market Share in Its Latest Quarter
The company has been slower than some of its peers to recover from the pandemic, which has squashed some of investors’ optimism going forward.
Retail
Matchesfashion Suffers $50M Loss Over Pandemic Period
The luxury fashion retailer was hit hard by the adverse impacts of the pandemic, while Brexit added “additional cost and complexity,” according to business accounts filed with the UK’s Companies House.
Matchesfashion Suffers $50M Loss Over Pandemic Period
The luxury fashion retailer was hit hard by the adverse impacts of the pandemic, while Brexit added “additional cost and complexity,” according to business accounts filed with the UK’s Companies House.
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Financial Markets
Ermenegildo Zegna Group Sees Signs of Pandemic Recovery in H1
The Italian luxury group returned to profitability in the first half of 2021, after the pandemic sent sales plunging and pushed it into the red.
Ermenegildo Zegna Group Sees Signs of Pandemic Recovery in H1
The Italian luxury group returned to profitability in the first half of 2021, after the pandemic sent sales plunging and pushed it into the red.
Luxury
Victoria Beckham’s Sales Returned to Growth in 2019
The brand has yet to turn a profit after more than a decade in operation, but it was back on a growth trajectory ahead of the pandemic, according to accounts published Thursday.
Victoria Beckham’s Sales Returned to Growth in 2019
The brand has yet to turn a profit after more than a decade in operation, but it was back on a growth trajectory ahead of the pandemic, according to accounts published Thursday.
Retail
Matchesfashion Hit by £6 Million Loss in 2019 Ahead of Pandemic
The luxury e-commerce retailer reported a £5.9 million ($7.9 million) loss for the fiscal year ending 31 January 2020, just weeks before the pandemic
Matchesfashion Hit by £6 Million Loss in 2019 Ahead of Pandemic
The luxury e-commerce retailer reported a £5.9 million ($7.9 million) loss for the fiscal year ending 31 January 2020, just weeks before the pandemic
Retail
Superdry's Revenue Falls as Virus Curbs Hit Footfall
The revenue drop came as the fashion retailer shut its shops for a second national lockdown in England.
Superdry's Revenue Falls as Virus Curbs Hit Footfall
The revenue drop came as the fashion retailer shut its shops for a second national lockdown in England.
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Beauty
Estée Lauder Tops Estimates Thanks to China Demand and Online Boost
The M.A.C brand owner has seen growth in demand for its skincare products, while sales in the Asia-Pacific market increased 9 percent to $1.15 billion.
Estée Lauder Tops Estimates Thanks to China Demand and Online Boost
The M.A.C brand owner has seen growth in demand for its skincare products, while sales in the Asia-Pacific market increased 9 percent to $1.15 billion.
Retail
Boohoo Shoppers Undeterred by Scandal
The ultra-fast fashion company boosted its outlook as its core customer base appeared unfazed by reports of poor working conditions in its supply chain.
Boohoo Shoppers Undeterred by Scandal
The ultra-fast fashion company boosted its outlook as its core customer base appeared unfazed by reports of poor working conditions in its supply chain.
Luxury
All Eyes on Prada at Milan Fashion Week
This week, everyone will be talking about the first collection from co-designers Miuccia Prada and Raf Simons, Trump's TikTok ban and a new push to commit brands to improving conditions for garment workers. Get your BoF Professional Cheat Sheet.
All Eyes on Prada at Milan Fashion Week
This week, everyone will be talking about the first collection from co-designers Miuccia Prada and Raf Simons, Trump's TikTok ban and a new push to commit brands to improving conditions for garment workers. Get your BoF Professional Cheat Sheet.
Retail
H&M Third Quarter Profit Beats Estimates
The fast fashion retailer, which will publish its full quarterly report on October 1, reported pretax earnings of around $229 million.
H&M Third Quarter Profit Beats Estimates
The fast fashion retailer, which will publish its full quarterly report on October 1, reported pretax earnings of around $229 million.
The News in Brief
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.
Prada Revamps Milan Flagship to Cater to Top Clients and New Shoppers
The group is hoping the renovated eight-level complex can generate €100 million in annual revenue, chief executive Andrea Guerra told Reuters.
JD Sports Names New North America CEO, Chief Marketing Officer
The sneaker retailer is shaking up its North American leadership as it looks to reverse soft sales and an extended slump in the stock market.
Top Africa Clothes Retailer Pepkor Sinks on Earnings Outlook
Shares in the South African discount clothing retailer fell the most in more than three years, as an expansion into banking weighed on profit forecasts.
Kimberly-Clark Prepares Asset Sales to Win EU Nod for Kenvue Deal
The US consumer goods giant is preparing concessions to address EU antitrust concerns about its bid for Tylenol maker Kenvue that could help it win approval for the $40 billion deal, sources told Reuters.