Olaplex Names New CEO
Christoph Kaul will succeed Amanda Baldwin, who led the hair care label through its acquisition by Henkel earlier this year.
financial-results
Retail
Adidas and Puma Forecast Sales Decline in China Amid Coronavirus Outbreak
Shares in Adidas and Puma, already pummelled in the last few weeks, declined 6 percent and 4.4 percent respectively.
Adidas and Puma Forecast Sales Decline in China Amid Coronavirus Outbreak
Shares in Adidas and Puma, already pummelled in the last few weeks, declined 6 percent and 4.4 percent respectively.
Luxury
Despite Coronavirus Concerns, Italian Owner of Margiela and Diesel Is Standing By Annual Sales Target
OTB — which stands for Only The Brave — says it expects sales to grow 12-13 percent this year, even though the recent lockdown in Italy has caused a slowdown.
Despite Coronavirus Concerns, Italian Owner of Margiela and Diesel Is Standing By Annual Sales Target
OTB — which stands for Only The Brave — says it expects sales to grow 12-13 percent this year, even though the recent lockdown in Italy has caused a slowdown.
Financial Markets
Stocks Hit As Oil Prices Slump
Trading on US stock exchanges was halted immediately after opening, as the benchmark S&P 500 fell to its lowest since June 2019.
Stocks Hit As Oil Prices Slump
Trading on US stock exchanges was halted immediately after opening, as the benchmark S&P 500 fell to its lowest since June 2019.
Retail
L Brands Predicts Losses Amid Victoria's Secret Sale
The deal with investment firm Sycamore Partners looks unlikely to curb the company's quarterly net loss of $192.3 million.
L Brands Predicts Losses Amid Victoria's Secret Sale
The deal with investment firm Sycamore Partners looks unlikely to curb the company's quarterly net loss of $192.3 million.
Technology
Shopify Forecasts Full-Year Revenue Above Estimates
For 2020, the e-commerce company predicts revenue in a range of $2.13 billion to $2.16 billion.
Shopify Forecasts Full-Year Revenue Above Estimates
For 2020, the e-commerce company predicts revenue in a range of $2.13 billion to $2.16 billion.
Luxury
Kering Halts Spending in China on Coronavirus Fears
The luxury conglomerate remained upbeat about longer-term prospects as it beat fourth-quarter sales forecasts.
Kering Halts Spending in China on Coronavirus Fears
The luxury conglomerate remained upbeat about longer-term prospects as it beat fourth-quarter sales forecasts.
Beauty
Coty's Sales Beat Wall Street Expectations
The cosmetics company's net revenue fell to $2.35 billion, surpassing analysts' estimates amid its turnaround attempt.
Coty's Sales Beat Wall Street Expectations
The cosmetics company's net revenue fell to $2.35 billion, surpassing analysts' estimates amid its turnaround attempt.
Luxury
Tod’s Fourth-Quarter Results Show Promise Despite Continued Decline in Sales
The luxury shoes and leather goods company announced sales fell by 2.6 percent in 2019 but beat analyst expectations.
Tod’s Fourth-Quarter Results Show Promise Despite Continued Decline in Sales
The luxury shoes and leather goods company announced sales fell by 2.6 percent in 2019 but beat analyst expectations.
Workplace & Talent
H&M Chief Executive Steps Down, Succeeds Father as Chairman
The news came as the fast fashion retailer reported its first rise in annual profit since 2015.
H&M Chief Executive Steps Down, Succeeds Father as Chairman
The news came as the fast fashion retailer reported its first rise in annual profit since 2015.
Retail
John Lewis Boss to Exit After Weak Christmas Sales
Sales at one of Britain's best known store chains fell by 2 percent during the holiday period.
John Lewis Boss to Exit After Weak Christmas Sales
Sales at one of Britain's best known store chains fell by 2 percent during the holiday period.
Retail
Next's Strong Christmas Boosts Hopes for UK Retail Sector
The first major stock market-listed retailer to update on Christmas trading also forecast sales and profit growth for its 2020-21 financial year.
Next's Strong Christmas Boosts Hopes for UK Retail Sector
The first major stock market-listed retailer to update on Christmas trading also forecast sales and profit growth for its 2020-21 financial year.
Financial Markets
Superdry Sees First Half Profit Wiped Out
Missteps by previous management has led the British retailer's CEO to caution that a turnaround will take up to three years.
Superdry Sees First Half Profit Wiped Out
Missteps by previous management has led the British retailer's CEO to caution that a turnaround will take up to three years.
The News in Brief
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.
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.
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.