Exclusive: Deciem to Relaunch The Chemistry Brand
The Estée Lauder-owned beauty company and The Ordinary parent will relaunch one of its original brands as it moves to rekindle its reputation for incubation.
business-growth
Financial Markets
Alibaba Posts $1 Billion in Sales in 5 Minutes on Singles’ Day
Global retail e-commerce is expected to grow by 24 percent to $1.91 trillion in transactions this year.
Alibaba Posts $1 Billion in Sales in 5 Minutes on Singles’ Day
Global retail e-commerce is expected to grow by 24 percent to $1.91 trillion in transactions this year.
Financial Markets
Ralph Lauren Tops Second-Quarter Profit Forecasts
Ralph Lauren Corp. on Thursday reported fiscal second-quarter profit of $45 million.
Ralph Lauren Tops Second-Quarter Profit Forecasts
Ralph Lauren Corp. on Thursday reported fiscal second-quarter profit of $45 million.
Financial Markets
Puma Raises Outlook as Rihanna, Celebrity Tie-Ups Help Sales
Puma raised its earnings outlook after reporting profit that topped analysts’ estimates, helped by street shoes promoted by pop-star Rihanna and British model Cara Delevingne.
Puma Raises Outlook as Rihanna, Celebrity Tie-Ups Help Sales
Puma raised its earnings outlook after reporting profit that topped analysts’ estimates, helped by street shoes promoted by pop-star Rihanna and British model Cara Delevingne.
Luxury
BoF Exclusive | Farfetch Appoints Chief Strategy Officer, En Route to Eventual IPO
The fashion e-commerce platform has hired Stephanie Phair to keep the company focused on future innovation as it prepares to pass $800 million in gross sales this year.
BoF Exclusive | Farfetch Appoints Chief Strategy Officer, En Route to Eventual IPO
The fashion e-commerce platform has hired Stephanie Phair to keep the company focused on future innovation as it prepares to pass $800 million in gross sales this year.
Beauty
L’Oréal Shares Surge as Demand Grows for Premium Makeup
L’Oréal SA’s shares soared the most in almost seven months after revenue beat analysts’ estimates on rising demand for the cosmetic maker’s high-end brands in North America.
L’Oréal Shares Surge as Demand Grows for Premium Makeup
L’Oréal SA’s shares soared the most in almost seven months after revenue beat analysts’ estimates on rising demand for the cosmetic maker’s high-end brands in North America.
Technology
Fitbit Plunges on Lower Forecast From Stiffening Competition
Fitbit Inc. lost almost a third of its market value in late trading.
Fitbit Plunges on Lower Forecast From Stiffening Competition
Fitbit Inc. lost almost a third of its market value in late trading.
Financial Markets
Coach Forecast Signals Turnaround On Track
Coach rose 0.6 percent to $36.10 in early trading in New York. The shares had increased 9.7 percent this year.
Coach Forecast Signals Turnaround On Track
Coach rose 0.6 percent to $36.10 in early trading in New York. The shares had increased 9.7 percent this year.
Financial Markets
EBay Tops Third-Quarter Forecasts
EBay Inc. reported third-quarter profit of $413 million and revenue of $2.22 billion.
EBay Tops Third-Quarter Forecasts
EBay Inc. reported third-quarter profit of $413 million and revenue of $2.22 billion.
Financial Markets
Alibaba's $60 Billion Finance Arm Seeks Growth Before IPO Say Sources
Sources with knowledge of the plans said Ant Financial, whose anchor business is Alipay, is focusing on expanding its existing 450 million-strong army of daily users, adding merchants and customers.
Alibaba's $60 Billion Finance Arm Seeks Growth Before IPO Say Sources
Sources with knowledge of the plans said Ant Financial, whose anchor business is Alipay, is focusing on expanding its existing 450 million-strong army of daily users, adding merchants and customers.
Financial Markets
Kate Spade Upgraded as Wells Fargo Predicts Comeback for Brand
Kate Spade & Co. was upgraded by Wells Fargo & Co. analyst Ike Boruchow, who sees the handbag maker’s sales and profit margins improving in the second half of the year.
Kate Spade Upgraded as Wells Fargo Predicts Comeback for Brand
Kate Spade & Co. was upgraded by Wells Fargo & Co. analyst Ike Boruchow, who sees the handbag maker’s sales and profit margins improving in the second half of the year.
Financial Markets
JD Sports Leaves Mike Ashley Trailing With ‘Astonishing’ Growth
JD Sports Fashion Plc reported first-half earnings growth that showed why it has surged past Mike Ashley’s Sports Direct International Plc among UK athletic-gear retailers.
JD Sports Leaves Mike Ashley Trailing With ‘Astonishing’ Growth
JD Sports Fashion Plc reported first-half earnings growth that showed why it has surged past Mike Ashley’s Sports Direct International Plc among UK athletic-gear retailers.
Financial Markets
Shoe Carnival Posts 2Q Profit
Shoe Carnival Inc. reported fiscal second-quarter profit of $4.1 million.
Shoe Carnival Posts 2Q Profit
Shoe Carnival Inc. reported fiscal second-quarter profit of $4.1 million.
The News in Brief
De Beers Makes Sweeping Cuts to Its Elite Diamond-Buying Club
The diamond company produced less than 22 million carats last year, down from almost 35 million in 2022.
L’Oréal India in Talks to Acquire Beauty Company Innovist
L’Oréal is in advanced talks to acquire a majority stake in Bare Anatomy parent Innovist sources told The Economic Times India.
Zegna Chairman Says War Has Clouded Visibility of Demand in Middle East
The Italian fashion house cautioned the war is reducing visibility on demand in the Middle East, which accounts for 7 percent of its sales, though all stores are currently open in the region.
Glossier Appoints New CMO
Nicole Solorzano, who joins from Ouai, is the Millennial beauty brand’s latest hire.
Macy’s CEO Points to E-Shaped Economy, Signalling Consumer Shift
The mention of a forked economy by the head of America’s largest department store signals a heightened wariness that middle-income Americans will continue to spend at the same pace.
France’s Bid to Suspend Shein’s Marketplace Rejected by Appeals Court
The decision from Paris’ Court of Appeal marked a win for the fast-fashion giant after a scandal over sex dolls resembling children for sale on its site.
Coty Announces Board Revamp
The embattled Covergirl owner has appointed five new independent directors amidst a wider leadership and company shakeup.