Tapestry Lifts Outlook as Young Shoppers Snap Up Coach Bags
Shares rose in early trading after the company raised its revenue and profit forecasts, even as the broader luxury sector grapples with a slowdown.

The founder of the Swedish fragrance label is stepping down as Puig completes its takeover.

Back under the ownership of founder Gregg Renfrew, the beauty label will relaunch on June 25 as Counter, keeping its clean formulations and giving up its MLM-style compensation model in favor of “community commerce.” Renfrew talks exclusively to The Business of Beauty about her vision for the new brand.

The Gucci and Saint Laurent owner is splitting its chairman and CEO roles, bringing in Luca de Meo, a turnaround expert who has revived multiple automotive brands, to support the Pinault family.

The former boss of Danish footwear brand Ecco will join Bata in September, taking over from Sandeep Kataria.

Paton will oversee the Financial Times’ fashion and style coverage, as well as its annual Business of Luxury Summit. “I won’t be afraid to publish stories that elicit strong reactions and start big conversations,” she said.

Tracy Kline will join the boutique retailer and content platform as group president, effective June 9 as the company continues to ratchet up its growth strategy.

With the bold marketing like the "So Win" campaign, a revamped leadership team under new brand president Amy Montagne and star power from A’ja Wilson, Nike’s long-promised women’s push is starting to stick.

Elliott, formerly at MAC Cosmetics, will assume his new role at the Italian beauty line on Sept. 1., the company told BoF exclusively.

CEO Elliott Hill tapped Michael Gonda to lead communications amid turnaround efforts for the world's largest sportswear brand, Bloomberg reported.

In a rare in-depth interview, the Dior chief executive talks to BoF’s Imran Amed about the logic for hiring Anderson to oversee both the men’s and women’s sides of the business and how the French mega-brand plans to recapture customers amid a sharp downturn in the luxury sector.

Giancarlo Giammetti, co-founder of Valentino, sits down for an exclusive interview with BoF founder and CEO Imran Amed in Rome to discuss the early days of Valentino, the importance of protecting creativity in a fashion market that prioritises commercialisation, and why it is critical for the industry to support young designers who are overlooked by a fashion system under pressure.

The Italian designer in charge of Dior’s womenswear is leaving the LVMH-owned megabrand after a transformative nine-year tenure during which sales quadrupled before being hit hard by a sharp downturn in luxury demand.
Shares rose in early trading after the company raised its revenue and profit forecasts, even as the broader luxury sector grapples with a slowdown.
The luxury beauty label has taken over a corner of the department store's ground floor with a gifting suite.
The government has yet determine the details of revised wage levels as it scrambles to manage days of protests that have disrupted the country’s garment industry.
Rich shoppers are turning to gold and gemstones to preserve wealth, softening the blow for luxury giants like Hermès and Richemont as Beijing tightens its grip on overseas assets.
The template of vast stores with dozens of fashion brands, beauty products and other accessories succumbed as the digital era drove shoppers to cheaper, nimbler online rivals.
The US cosmetics conglomerate said launches from Marc Jacobs and Burberry helped boost revenues, though its full-year guidance is below consensus.
The US cosmetics giant raised its full-year sales outlook to over $2 billion as Rhode’s global expansion continues to power its revenue growth.
The online retailer said it will expand its logistics hub in Poland as it grapples with stricter customs regulations in Europe.