Style Capital Acquires Alessandro Dell’Acqua’s N21
Financial details of the deal for the Milan-based brand weren’t disclosed.
financial-results
Beauty
Avon Revenue Falls Short as Sales Representatives Drop Out
The 133 year-old company has been trying to reboot its direct-selling business model operations, but missed estimates for quarterly revenue due to fewer representatives to sell its products in key markets.
News & Analysis
L'Oréal's North American Sales Falter
The company posted weaker than expected second-quarter sales growth, with like-for-like revenue falling in North America as demand for make-up slows.
News & Analysis
Sports Direct Reports Drop in Profit
The company said its financial chief will step down as the retailer reported a drop in annual profit after a daylong wait for its results.
News & Analysis
Moncler and LVMH Set the Bar High for Luxury Competitors
Two of luxury's biggest players showed that their new business and creative strategies are working.
News & Analysis
Will Luxury's Winning Streak Continue?
This week, everyone will be talking about quarterly results from LVMH, Kering and Moncler, Instagram's experiment with hiding 'likes,' and how the UK's new leader will change the Brexit outlook. Read our BoF Professional Cheat Sheet.
Retail
Uniqlo Owner's Profit Falls Short Despite Gains in China
Fast Retailing Co.’s weak performance in Japan overshadowed a strong showing in its overseas markets, particularly China.
Financial Markets
Levi Strauss Falls, Profit Declines as Company Spends to Grow
Earnings slipped 21 percent from the prior year, affected by $29 million of expenses associated with Levi's IPO.
News & Analysis
JD Sports Counters Retail Gloom with Athleisure Trend and Global Expansion
Britain's biggest sports retailer reported better-than-expected full-year earnings and like-for-like growth despite British retail sector slowdown.
Retail
H&M Shares Jump as Early Summer Sales Shine
June sales were up 12 percent for the world's second-biggest fashion retailer, beating analyst forecasts. Second quarter sales were up 11 percent, beating Inditex's 10 percent.
Retail
New Look Losses Mount as Brexit and Rain Keep Shoppers Away
The British high street chain reported statutory loss before tax of £522.2 million for the year ended March, compared with a loss of £190.2 million a year earlier.
Fashion Week
Chanel's Past and Future Will Be On Full Display In Paris This Week
This week everyone will be talking about Chanel's memorial to Karl Lagerfeld and its annual financial results, New York designers at Paris Fashion Week and protests in Hong Kong. Read our BoF Professional Cheat Sheet.
News & Analysis
Weakness at Gap's Old Navy Makes Analysts Question Spin-Off
Formerly the most profitable in Gap Inc's portfolio, the American retailer reported negative comparable sales at a 10 percent drop, the worst in four years.
The News in Brief
Lagos Fashion Week Continues to Flex its Pan-African Muscle
The buzzy Nigerian fashion event has attracted a cohort from across the continent, with designers from South Africa, Uganda and Morocco presenting their collections in the Nigerian city.
Estée Lauder Raises Outlook, Buoyed by Perfume Demand
Demand for the US conglomerate’s luxury fragrance brands like Le Labo, Tom Ford and By Kilian offset weaker performance from its makeup and haircare divisions.
Bangladesh Sets Up Wage Board as Garment Worker Unrest Shuts Factories
Violent protests over pay levels forced the closure of more than 500 factories over the weekend.
Premium Skincare Brand Colorescience Names New CEO
Former Kiehl’s general manager John Reed will lead the label, which was acquired by Roundtable Healthcare Partners earlier this year.
Proya Third-Quarter Revenue Grows, Profit Dented by Marketing Spend
The Chinese beauty conglomerate’s revenue grew 29.8 percent in the latest quarter, but its profit decreased by double digits due to increased promotional expenses as it expands overseas.
Michael Kors Owner Capri Soars After Raising Annual Forecasts
Shares jumped after the group raised its annual revenue and profit forecasts and said it expected sales to return to growth.
Puma Sales Slow Less Than Expected as Anta Partnership Advances
The German sportswear business is attempting to reboot its brand appeal to better compete with larger rivals Adidas and Nike.