Aritzia Seeks to More Than Double Sales by 2032
New categories and brick-and-mortar expansion beyond North America are set to drive Aritzia’s quest to hit $10.5 billion CAD ($7.5 billion).
Markets
Latest News & Analysis
Marketing
Why Dolce & Gabbana Is Still Frozen Out of China
Two months after Stefano Gabbana called Chinese consumers an 'ignorant dirty smelling mafia,' the brand remains frozen out of the world's biggest luxury market.
News & Analysis
Amazon Briefly Becomes Wall Street's Most Valuable Company
Amazon rose 4.7 percent to $865.0 billion compared to Apple's $864.8 billion market capitalisation on Monday.
Luxury
Valentino’s Plan to Level Up
Can the Italian label turn Pierpaolo Piccioli’s creative acclaim into commercial success and boost its single-digit growth? Chief executive Stefano Sassi shares his strategy.
Fashion Week
The Real Reason Valentino and Dior Men Showed in Japan
Beneath the surface of enthusiasm that fashion creatives harbour for Japan, there is a carefully calculated business rationale for their choice of locale.
ADVERTISEMENT
Marketing
Dolce & Gabbana: Cultural Stupidity Can Be Costly
The rise of global markets and social media have changed the equation on cultural sensitivity. It’s time for brands to catch up.
News & Analysis
Coty Cuts Deal With Alibaba to Court Chinese Beauty Shoppers
The two companies are teaming up on interactive vending machines in malls of major Chinese cities, as well as on initiatives with beauty and hair salons.
Financial Markets
Why Kering Is Buying Back Its Shares
The French luxury conglomerate plans to buy back up to 1 percent of its share capital over a 12-month period.
Financial Markets
Amazon Shares Dip After Sales Miss
The e-commerce behemoth came short of Wall Street projections for its quarterly sales and lowered its revenue forecast for the holiday season.
ADVERTISEMENT
Financial Markets
America’s Malls Aren’t Dying as Fast as Some Traders Would Like
Hedge funds have piled into a trade that could reap huge profits if loans taken out by mall operators eventually go bust. But there's one catch: the mall industry refuses to die.
News & Analysis
Jewellery Maker Pandora Hires New China Chief
The Danish company has recruited Geena Tok from Nike to head its business in China, where it has been challenged by a rise in sales on the grey market.
News & Analysis
Nike, Michael Kors at Risk in Trump's China Trade War
Boycotts and factory shutdowns? China’s actions against South Korean firms in 2017 may be the model.
China
Chinese E-Commerce Giants Battle for Luxury Supremacy
Alibaba’s Luxury Pavilion and JD.com’s Toplife are going head-to-head, but which of these specialised platforms is a better partner for luxury brands?
The News in Brief
Pop Mart Quarterly Sales Fall Up to 50% as Labubu Fad Cools
Sales in the Americas fell 70 to 75 percent.
Zegna to Take Summer Fashion Show to Beijing
The Italian label has continued to enjoy solid growth in China, defying a wider downturn in demand for European luxury. The June 11 presentation of its summer collection will be the latest in a series of travelling shows.
Beiersdorf Sales Slightly Miss Expectations on Nivea Weakness
The German consumer goods maker marginally missed market expectations for third-quarter sales growth on Tuesday, with its key Nivea brand posting a third straight quarterly sales decline.
Audemars Piguet to Certify Its Pre-Owned Watches Following Rolex
Whereas Rolex is both a buyer and seller of its second-hand watches through official retail partners, Audemars is setting up a marketplace where sellers set prices.
Mike Ashley’s Frasers Says It’s Taken Control of Hugo Boss
The British retail group has pushed its stake in the German apparel brand above 50 percent in a move that will turn Hugo Boss into a subsidiary of Frasers.
Shein Agrees to Pay $100 Million to Settle US FTC Probe
The settlement, equivalent to 44 percent of the ultra fast-fashion company’s second-quarter profit, is the latest blow amid regulatory and tax crackdowns in Europe and the US that have hampered Shein’s growth.
Kering Drops 12% as Luxury Braces for Tough Winter
The recovery long promised by luxury brands seems nowhere in sight, as the expansion of war in the Middle East, along with China’s tax crackdown on the wealthy, piled further pressure on the world’s biggest luxury conglomerates in the third quarter, and executives buckled in for a tough winter.