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.
financial-results
Luxury
Burberry Sales Rebounded in June. Why Did Its Shares Plunge?
While the pandemic is hurting all luxury brands, investors see specific challenges at Burberry.
Burberry Sales Rebounded in June. Why Did Its Shares Plunge?
While the pandemic is hurting all luxury brands, investors see specific challenges at Burberry.
Retail
Swatch Group Posts Its First Half Year Loss
The Swiss watchmaker reported a net loss of $327 million in the first half of 2020 and saw sales drop 46.1 percent.
Swatch Group Posts Its First Half Year Loss
The Swiss watchmaker reported a net loss of $327 million in the first half of 2020 and saw sales drop 46.1 percent.
Luxury
Where Does Burberry Go From Here?
This week, everyone will be talking about Burberry's first financial results since the lockdowns and the first major live fashion show in months. Get your BoF Professional Cheat Sheet.
Where Does Burberry Go From Here?
This week, everyone will be talking about Burberry's first financial results since the lockdowns and the first major live fashion show in months. Get your BoF Professional Cheat Sheet.
Luxury
Capri Forecasts 70% Fall in Current-Quarter Revenue
The Michael Kors owner said the COVID-19 pandemic has hammered demand for its handbags and dresses.
Capri Forecasts 70% Fall in Current-Quarter Revenue
The Michael Kors owner said the COVID-19 pandemic has hammered demand for its handbags and dresses.
Retail
Puma Bets on Wellness Uptick for Recovery
The sports retailer expects all markets to recover by the end of the year and for growth to return in 2021.
Puma Bets on Wellness Uptick for Recovery
The sports retailer expects all markets to recover by the end of the year and for growth to return in 2021.
China
Hong Kong Retail Sales Down 42% Amid the Covid-19 Crisis
Sales dropped to HK$23 billion in March — the 14th consecutive month of decline.
Hong Kong Retail Sales Down 42% Amid the Covid-19 Crisis
Sales dropped to HK$23 billion in March — the 14th consecutive month of decline.
Retail
Boohoo Sales Growth Declines Amid the Coronavirus Outbreak
The online clothing retailer said its performance has recovered in recent weeks with improved year-on-year growth in group sales during April.
Boohoo Sales Growth Declines Amid the Coronavirus Outbreak
The online clothing retailer said its performance has recovered in recent weeks with improved year-on-year growth in group sales during April.
Luxury
Gucci Is Pulling Further Back from Wholesale, and 6 Other Key Takeaways From Kering's Q1 Results
Kering Chief Financial Officer Jean-Marc Duplaix was hesitant to draw any conclusions about how a global recovery might look like from the few weeks of partially reopened stores in China.
Gucci Is Pulling Further Back from Wholesale, and 6 Other Key Takeaways From Kering's Q1 Results
Kering Chief Financial Officer Jean-Marc Duplaix was hesitant to draw any conclusions about how a global recovery might look like from the few weeks of partially reopened stores in China.
Luxury
Brunello Cucinelli Set to Miss 2020 Targets Due to Covid-19, Halts Dividend
First-quarter revenues for the Italian group fell 2.9 percent at constant exchange rates to €156.7 million ($170.24 million).
Brunello Cucinelli Set to Miss 2020 Targets Due to Covid-19, Halts Dividend
First-quarter revenues for the Italian group fell 2.9 percent at constant exchange rates to €156.7 million ($170.24 million).
Retail
H&M’s March Sales Fall 49% Amid Covid-19 Outbreak
The pandemic has forced H&M to temporarily close most of its stores, flag big layoffs and scrap its annual dividend.
H&M’s March Sales Fall 49% Amid Covid-19 Outbreak
The pandemic has forced H&M to temporarily close most of its stores, flag big layoffs and scrap its annual dividend.
Retail
Nike's Sales Beat Estimates Despite Coronavirus Disruption
The sportswear company saw digital sales increase by 36 percent in the third quarter, following the outbreak.
Nike's Sales Beat Estimates Despite Coronavirus Disruption
The sportswear company saw digital sales increase by 36 percent in the third quarter, following the outbreak.
Retail
Ulta's Fourth-Quarter Sales Beat Estimates
The cosmetics company's net income rose to $222.7 million as shoppers spent more at its stores during the holiday season.
Ulta's Fourth-Quarter Sales Beat Estimates
The cosmetics company's net income rose to $222.7 million as shoppers spent more at its stores during the holiday season.
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.