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-report
Latest News & Analysis
Luxury
Luxury's Coronavirus Recovery: Who's Ahead and Who’s Behind?
Some sank, others surged. BoF examines how Kering, Hermès and Moncler stacked up against the high bar set by LVMH’s fashion and leather goods division last week.
Luxury's Coronavirus Recovery: Who's Ahead and Who’s Behind?
Some sank, others surged. BoF examines how Kering, Hermès and Moncler stacked up against the high bar set by LVMH’s fashion and leather goods division last week.
Beauty
L'Oreal Sales Rebound After Lockdowns Ease
Overall sales came in at 7 billion euros ($8.27 billion), for the July to September period, rising 1.6 percent from a year earlier.
L'Oreal Sales Rebound After Lockdowns Ease
Overall sales came in at 7 billion euros ($8.27 billion), for the July to September period, rising 1.6 percent from a year earlier.
Luxury
Moncler Sees 'Encouraging' Signs After Better Than Expected Quarter
In the months between July and September, revenue dropped 15 percent year on year.
Moncler Sees 'Encouraging' Signs After Better Than Expected Quarter
In the months between July and September, revenue dropped 15 percent year on year.
Luxury
How Did LVMH Fashion Get Back to Double-Digit Growth Already?
The answer has a lot to do with Louis Vuitton, Dior and the Chinese market. BoF breaks down the key factors behind the rebound.
How Did LVMH Fashion Get Back to Double-Digit Growth Already?
The answer has a lot to do with Louis Vuitton, Dior and the Chinese market. BoF breaks down the key factors behind the rebound.
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Luxury
Mulberry Forecasts Reduced Losses on Improving Sales Trend
The group was struggling due to investment costs and a tough trading environment in its home market even before the pandemic hit.
Mulberry Forecasts Reduced Losses on Improving Sales Trend
The group was struggling due to investment costs and a tough trading environment in its home market even before the pandemic hit.
Retail
Nike Smashes Sales Estimates Thanks to Rebound in China
Sales in China rose 6 percent while in North America, the company's biggest market, sales fell 2 percent.
Nike Smashes Sales Estimates Thanks to Rebound in China
Sales in China rose 6 percent while in North America, the company's biggest market, sales fell 2 percent.
Retail
Gap Reports Surprise Rise in Comparable Sales Fueled by Online Demand
Analysts had forecast a 20.97 percent fall in comparable sales, but the company reported a 13 percent rise.
Gap Reports Surprise Rise in Comparable Sales Fueled by Online Demand
Analysts had forecast a 20.97 percent fall in comparable sales, but the company reported a 13 percent rise.
Retail
Nordstrom Reports 53% Dip in Sales
The Seattle-based company's online sales also fell 5 percent in the quarter ending on Aug. 1.
Nordstrom Reports 53% Dip in Sales
The Seattle-based company's online sales also fell 5 percent in the quarter ending on Aug. 1.
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Luxury
Luxury Events Are Back. Is the Industry Ready?
This week, everyone will be talking about the first Swiss watch fair since the pandemic, a slew of American retail earnings and China's Qixi festival. Get your BoF Professional Cheat Sheet.
Luxury Events Are Back. Is the Industry Ready?
This week, everyone will be talking about the first Swiss watch fair since the pandemic, a slew of American retail earnings and China's Qixi festival. Get your BoF Professional Cheat Sheet.
Retail
L Brands Reports 63% Surge in Same-Store Sales
The growth was fuelled by its Bath & Body Works brand.
L Brands Reports 63% Surge in Same-Store Sales
The growth was fuelled by its Bath & Body Works brand.
Retail
Farfetch Sales Soared During Lockdowns
The fashion marketplace sold record levels of merchandise and cut down on its losses as luxury shoppers pivoted online.
Farfetch Sales Soared During Lockdowns
The fashion marketplace sold record levels of merchandise and cut down on its losses as luxury shoppers pivoted online.
Retail
Is Luxury E-Commerce Still Booming?
This week, everyone will be talking about Tapestry's first earnings since CEO Jide Zeitlin stepped down, the return of in-person shows at Copenhagen Fashion Week and the luxury e-commerce boom. Get your BoF Professional Cheat Sheet.
Is Luxury E-Commerce Still Booming?
This week, everyone will be talking about Tapestry's first earnings since CEO Jide Zeitlin stepped down, the return of in-person shows at Copenhagen Fashion Week and the luxury e-commerce boom. Get your BoF Professional Cheat Sheet.
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.