Reformation Valued at $886 Million in NYSE Debut
The Permira-backed womenswear retailer and some of its shareholders had raised $211 million in its IPO on Wednesday, with shares opening at $15 apiece.
travel-retail
China
The China Edit | Hong Kong, Apple Watch, Amazon, House of Fraser
The China Edit is a weekly curation of the most important fashion business news and analysis from and about the world’s largest luxury market.
The China Edit | Hong Kong, Apple Watch, Amazon, House of Fraser
The China Edit is a weekly curation of the most important fashion business news and analysis from and about the world’s largest luxury market.
Financial Markets
LVMH Earnings Miss Estimates as Chinese Spend Less on Luxury
LVMH Moet Hennessy Louis Vuitton SA, the world’s largest luxury-goods maker, reported full-year earnings that missed analysts’ estimates as Chinese shoppers curbed spending on Vuitton handbags and Hennessy cognac.
LVMH Earnings Miss Estimates as Chinese Spend Less on Luxury
LVMH Moet Hennessy Louis Vuitton SA, the world’s largest luxury-goods maker, reported full-year earnings that missed analysts’ estimates as Chinese shoppers curbed spending on Vuitton handbags and Hennessy cognac.
China
The China Edit | Alibaba, Konzepp, Apple, Millennials
The China Edit is a weekly curation of the most important fashion business news and analysis from and about the world’s largest luxury market.
The China Edit | Alibaba, Konzepp, Apple, Millennials
The China Edit is a weekly curation of the most important fashion business news and analysis from and about the world’s largest luxury market.
Global Markets
Luxury Brands Gear Up for Chinese New Year Spend Abroad
From Paris to New York, purveyors of luxury goods are teaching staff Mandarin, offering traditional New Year "hongbao" gifts and flocking to social media sites as well-heeled Chinese tourists pack their bags to ring in the Year of the Goat abroad.
Luxury Brands Gear Up for Chinese New Year Spend Abroad
From Paris to New York, purveyors of luxury goods are teaching staff Mandarin, offering traditional New Year "hongbao" gifts and flocking to social media sites as well-heeled Chinese tourists pack their bags to ring in the Year of the Goat abroad.
News & Analysis
DFS to Open T Galleria Store near Angkor Wat
Today, BoF can exclusively reveal that luxury travel retail company DFS is set to open an 8,000-square-metre retail complex near the world heritage site of Angkor Wat in Cambodia in 2016.
DFS to Open T Galleria Store near Angkor Wat
Today, BoF can exclusively reveal that luxury travel retail company DFS is set to open an 8,000-square-metre retail complex near the world heritage site of Angkor Wat in Cambodia in 2016.
China
The China Edit | Luxury Slowdown, Alipay's EPass, Versace, Hermès
" The Asian Luxury Market Is Stumbling" (AFP) "Protests in Hong Kong, an economic slowdown and anti-corruption drive in China and a coup in Thailand:
The China Edit | Luxury Slowdown, Alipay's EPass, Versace, Hermès
" The Asian Luxury Market Is Stumbling" (AFP) "Protests in Hong Kong, an economic slowdown and anti-corruption drive in China and a coup in Thailand:
Marketing
South Korea Powers Up Duty-Free Sales as China Tourism Magnet
SEOUL, Korea — Already the world's biggest duty-free market, South Korea said on Wednesday it will issue more licenses for downtown duty-free shops,
South Korea Powers Up Duty-Free Sales as China Tourism Magnet
SEOUL, Korea — Already the world's biggest duty-free market, South Korea said on Wednesday it will issue more licenses for downtown duty-free shops,
Retail
Berlin Super-Mall Targets Rising Tourist Trade
BERLIN, Germany — Berlin, Europe's fastest-growing tourist destination, is taking a page from Dubai as it expands retail for the hordes of visitors.
Berlin Super-Mall Targets Rising Tourist Trade
BERLIN, Germany — Berlin, Europe's fastest-growing tourist destination, is taking a page from Dubai as it expands retail for the hordes of visitors.
China
The China Edit | Discount Goods, Travel Retail Down, Daigou Crackdown
The China Edit is a weekly curation of the most important fashion business news and analysis from and about the world’s largest luxury market.
The China Edit | Discount Goods, Travel Retail Down, Daigou Crackdown
The China Edit is a weekly curation of the most important fashion business news and analysis from and about the world’s largest luxury market.
China
The China Edit | Alibaba's Catch-22, Gritty Paris Repels Tourists, Gold Down
The China Edit is a weekly curation of the most important fashion business news and analysis from and about the world’s largest luxury market.
The China Edit | Alibaba's Catch-22, Gritty Paris Repels Tourists, Gold Down
The China Edit is a weekly curation of the most important fashion business news and analysis from and about the world’s largest luxury market.
News & Analysis
Tapping Travellers Beyond Traditional Corridors
With travel retail set to continue double-digit percentage growth, fuelled predominantly by Asians, the sector is increasingly targeting travellers beyond traditional travel corridors.
Tapping Travellers Beyond Traditional Corridors
With travel retail set to continue double-digit percentage growth, fuelled predominantly by Asians, the sector is increasingly targeting travellers beyond traditional travel corridors.
China
The China Edit | Scottish Textiles, Mainland Malls Rethink, Global Retailers Miss Store Targets, Travellers
The China Edit is a weekly curation of the most important fashion business news and analysis from and about the world’s largest luxury market.
The China Edit | Scottish Textiles, Mainland Malls Rethink, Global Retailers Miss Store Targets, Travellers
The China Edit is a weekly curation of the most important fashion business news and analysis from and about the world’s largest luxury market.
The News in Brief
Puig Reports First-Half Revenue Growth After Estee Lauder Talks End
The Spanish beauty company reported first-half revenue growth on strong demand for makeup from Charlotte Tilbury.
Canada Goose Beats Revenue Estimates as Demand Holds Up
The outerwear brand beat expectations for first-quarter revenue, but new US tariffs on Canadian could affect future earnings.
Steven Madden Tops Expectations and Lifts Full-Year Outlook
The retailer raised its full-year revenue forecast again as its integration of luxury brand Kurt Geiger last year provided a tailwind.
Reformation and Its Backers Raise $210.9 Million in IPO
The womenswear brand and shareholders including private-equity backer Permira raised new funds in an IPO that priced shares at the bottom of the marketed range.
Adidas Shares Plunge After World Cup Spend Dents Profit
Shares in the company fell the most on record after its marketing outlay for the World Cup resulted in lower-than-expected quarterly profit.
British Fashion Council to Boost UK Fashion Beyond London
The new national initiative, Fashion Britain, aims to increase growth, innovation and participation in the industry across key cities.
Hermès’ Chief Watches China’s Pork Prices to Gauge Luxury Demand
When it comes to gauging the possibility of a sales rebound for his luxury group in China, Hermès executive chairman Axel Dumas turns to an unusual metric.