PAI Partners to Acquire Elemis from L’Occitane
The French private equity group announced on Wednesday that it will buy the UK skin and body care brand for an undisclosed sum.
financial-results
Luxury
Moncler Promises More Growth After Jump in 2018 Sales
The luxury outerwear brand reported a 19 percent increase in sales last year.
China
JD.com Posts 22 Percent Rise in Quarterly Revenue
China's second largest e-commerce firm beat analyst estimates on the back of stronger online retail sales, posting 134.83 billion yuan ($20.17 billion) total net revenue in fourth quarter.
News & Analysis
Zalando Sees Solid Growth After Strong End to 2018
Europe's biggest online-only fashion retailer expects solid sales this year after posting better-than-estimated figures for the end of 2018 and gaining traction among 1.3 million new customers.
Retail
J.C. Penney Pulls Plug on Clothing Subscription Service
The subscription service, introduced in December 2017 in partnership with Bombfell, works in a similar way to Stitch Fix.
Financial Markets
Etsy Surges to Record High as Analysts Cheer Growth Outlook
The online seller of handcrafted and vintage items surpassed fourth-quarter sales expectations, sending shares to their highest level since the company’s 2015 IPO.
China
Fashion Group Esprit Says First-Half Loss Widens on Brand Weakness
The Europe-focused clothing retailer reported a net loss of $2.25 million and revenue slid $1.62 million amid changes in consumer behaviour, price competition and reduced customer traffic.
Financial Markets
Remembering Lagerfeld and Lanvin's Next Chapter at Paris Fashion Week
This week, everyone will be talking about Paris Fashion Week, the Oscars and the future of red carpet dressing and a wave of earnings reports from troubled retailers. Read our BoF Professional Cheat Sheet.
Financial Markets
China's Fosun Makes Bid for German Fashion Chain Tom Tailor
The Chinese conglomerate is further expanding its reach into Europe's fashion sector with a bid for struggling struggling clothing retailer Tom Tailor.
Financial Markets
Footasylum Shares up 59 Percent After JD Sports Takes Stake
Shares rose 58.6 percent after British retailer JD Sports said it had acquired an 8.3 percent stake.
Financial Markets
Canada Goose Boosts Outlook After Quarter Results Beat Estimates
The company boosted its forecast for the year after sales climbed a better-than-expected 50 percent to $301 million, showing flagship stores and online lured in more shoppers for its premium winter clothing.
Retail
New Look Year to Date Revenue Down 5 Percent
Following a debt-for-equity swap in January to reduce its debt by £1 billion, the British fashion chain is focused on driving more profitable sales.
Financial Markets
Kering's Gucci Joins Peers in Defying China Fears
Momentum at powerhouse Gucci slowed slightly but still outperformed most other fashion brands. Kering's comparable sales rose a higher-than-expected 24.2 percent.
The News in Brief
Estée Lauder Sets 2030 Growth, Margin Targets as Turnaround Advances
At its capital markets event in Shanghai, leadership said it aims to deliver mid-single-digit organic net sales growth through fiscal 2030, and unveiled a new cost-cutting and strategic roadmap.
Nykaa Quarterly Profit Nearly Triples on Beauty Demand, Margin Gains
The Indian beauty retailer said on Wednesday its second-quarter profit nearly tripled, as improved operating efficiency and strong demand for premium beauty products boosted margins.
Report: CVS Plans to Break Up Healthcare Conglomerate
The US retailer is planning to spin off its pharmacy business in what would be one of the biggest-ever breakups in the healthcare industry, according to reports.
Pandora Nudges Up Outlook, Speeds Up Launches
The jeweller edged up its near-term revenue and profitability targets as efforts to keep the brand affordable pay off.
Novo Nordisk Hikes 2026 Outlook Again
The Ozempic maker raised its full-year outlook for the third time this year on Wednesday as its Wegovy pill beat third-quarter sales forecasts, boosting the Danish firm's bid to win back ground from US rival Eli Lilly.
Dsm-Firmenich Raises Growth Outlook in Line With Expectations
The fragrance firm reported third-quarter core profit a touch above market expectations on Wednesday, and raised its full-year growth outlook but failed to impress investors.
M&S Sales Recovering After Last Year’s Cyber Attack
Sales and profit from clothing and homeware remain below two years ago but ‘brand is in good health.’