Qatar Investment Authority Eyes 10% Stake in Golden Goose
Qatar’s sovereign wealth fund is preparing to buy a stake in Italian sneaker maker Golden Goose, Corriere della Sera reported Saturday.
earnings-forecast
Beauty
E.l.f. Beauty Tops Profit Forecasts
The 'fast beauty' brand reported fourth-quarter profit of $21.5 million.
E.l.f. Beauty Tops Profit Forecasts
The 'fast beauty' brand reported fourth-quarter profit of $21.5 million.
News & Analysis
Luxottica Sees Steady Growth Ahead
The eyewear maker said it expected to close its proposed merger with Essilor by mid-2018, while forecasting steady growth in its own sales and profits for the year.
Luxottica Sees Steady Growth Ahead
The eyewear maker said it expected to close its proposed merger with Essilor by mid-2018, while forecasting steady growth in its own sales and profits for the year.
Financial Markets
Moncler Sales Rose 15 Percent in 2017
The Italian luxury outerwear maker said it foresaw further growth in 2018, after posting a rise in revenue last year and launching a new product strategy based on faster-paced collections.
Moncler Sales Rose 15 Percent in 2017
The Italian luxury outerwear maker said it foresaw further growth in 2018, after posting a rise in revenue last year and launching a new product strategy based on faster-paced collections.
News & Analysis
Pandora Falls as Jewellery Maker Cites Challenging US Market
Shares fell after the jewellery maker warned the first quarter is already looking tough.
Pandora Falls as Jewellery Maker Cites Challenging US Market
Shares fell after the jewellery maker warned the first quarter is already looking tough.
News & Analysis
Luxottica Forecasts Strong Growth After Sales Meet Guidance
The world's biggest eyewear maker sees 2017 adjusted net income growing strongly after a robust fourth quarter helped it to meet its full-year sales guidance.
Luxottica Forecasts Strong Growth After Sales Meet Guidance
The world's biggest eyewear maker sees 2017 adjusted net income growing strongly after a robust fourth quarter helped it to meet its full-year sales guidance.
News & Analysis
LVMH Shares Climb on Back of Upbeat Outlook and Solid Results
Shares in the world's biggest luxury-goods group rose, after the company reported higher sales and profits on Friday.
LVMH Shares Climb on Back of Upbeat Outlook and Solid Results
Shares in the world's biggest luxury-goods group rose, after the company reported higher sales and profits on Friday.
News & Analysis
Ferragamo Shares Down After Doubt Over Financial Targets
Shares fell more than 8 percent after the Italian luxury goods firm signalled a turnaround phase for 2018.
Ferragamo Shares Down After Doubt Over Financial Targets
Shares fell more than 8 percent after the Italian luxury goods firm signalled a turnaround phase for 2018.
Financial Markets
Abercrombie Shares Surge on Hollister Sales Jump
Abercrombie & Fitch forecast robust sales for the holiday quarter as its surf-wear brand Hollister helped revive the previously struggling retailer.
Abercrombie Shares Surge on Hollister Sales Jump
Abercrombie & Fitch forecast robust sales for the holiday quarter as its surf-wear brand Hollister helped revive the previously struggling retailer.
News & Analysis
Target's Holiday-Quarter Profit Forecast Disappoints
Shares fell 3 percent in premarket trading when the retailer issued an underwhelming profit forecast as it continues to depend on price cuts to drive traffic to its stores and websites.
Target's Holiday-Quarter Profit Forecast Disappoints
Shares fell 3 percent in premarket trading when the retailer issued an underwhelming profit forecast as it continues to depend on price cuts to drive traffic to its stores and websites.
News & Analysis
Canada Goose's Direct-to-Consumer Plan Pays Off
The luxury parka maker boosted forecasts for sales and profit, and is on track to have seven retail stores this quarter.
Canada Goose's Direct-to-Consumer Plan Pays Off
The luxury parka maker boosted forecasts for sales and profit, and is on track to have seven retail stores this quarter.
News & Analysis
ASOS Sees Full-Year Sales Growth
ASOS forecast sales growth for the full 2016-17 year at the upper end of its 30-35 percent guided range, as it reported continued strong trading both in its home market and overseas.
ASOS Sees Full-Year Sales Growth
ASOS forecast sales growth for the full 2016-17 year at the upper end of its 30-35 percent guided range, as it reported continued strong trading both in its home market and overseas.
News & Analysis
Hermès Sales Gain Adds Evidence of Luxury Recovery in China
Hermes reported sales growth at its main business lines, adding to evidence that the luxury industry is recovering as shoppers in China and Japan come back.
Hermès Sales Gain Adds Evidence of Luxury Recovery in China
Hermes reported sales growth at its main business lines, adding to evidence that the luxury industry is recovering as shoppers in China and Japan come back.
The News in Brief
Retailers Push UK to Join US and EU Ending Shein Parcel Loophole
British retailers are pushing the UK government to end a tax loophole that has helped online giants Shein and Temu make significant inroads and gain market share.
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.
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.