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.
earnings-report
Financial Markets
Kering Tops Forecasts as Gucci Sales Jump 49 Percent
The Paris-based luxury group reported another quarter of strong revenue growth, with comparable sales up 37 percent.
Kering Tops Forecasts as Gucci Sales Jump 49 Percent
The Paris-based luxury group reported another quarter of strong revenue growth, with comparable sales up 37 percent.
Financial Markets
JD Sports Sprints Ahead on Demand for Trainers, Track Pants
The British retailer plans to look overseas for further growth after bucking a gloomy UK retail sector by boosting annual profit by a quarter.
JD Sports Sprints Ahead on Demand for Trainers, Track Pants
The British retailer plans to look overseas for further growth after bucking a gloomy UK retail sector by boosting annual profit by a quarter.
Beauty
Luxury Cosmetics Drive L'Oréal Sales in First Quarter
The French beauty giant posted better-than-expected sales growth, driven by luxury cosmetics and rising demand in China, which also helped lift LVMH in the start of the year.
Luxury Cosmetics Drive L'Oréal Sales in First Quarter
The French beauty giant posted better-than-expected sales growth, driven by luxury cosmetics and rising demand in China, which also helped lift LVMH in the start of the year.
Financial Markets
Op-Ed | The World Just Can't Get Enough Louis Vuitton Handbags
Louis Vuitton parent company LVMH is well positioned to weather looming threats to super-charged Chinese spending, argues Andrea Felsted.
Op-Ed | The World Just Can't Get Enough Louis Vuitton Handbags
Louis Vuitton parent company LVMH is well positioned to weather looming threats to super-charged Chinese spending, argues Andrea Felsted.
Financial Markets
Raf Simons’ First Year at Calvin Klein Delivers For PVH
PVH chairman and chief executive Manny Chirico tells BoF how Calvin Klein is capitalising on the star designer’s halo effect.
Raf Simons’ First Year at Calvin Klein Delivers For PVH
PVH chairman and chief executive Manny Chirico tells BoF how Calvin Klein is capitalising on the star designer’s halo effect.
Financial Markets
PVH's Sales Hit $2.5 Billion Last Quarter
The owner of the Calvin Klein and Tommy Hilfiger brands topped Wall Street forecasts.
PVH's Sales Hit $2.5 Billion Last Quarter
The owner of the Calvin Klein and Tommy Hilfiger brands topped Wall Street forecasts.
Financial Markets
Hudson’s Bay Unable to End Sales Slide
Shares of Hudson's Bay fell after the owner of the Saks Fifth Avenue and Lord & Taylor department stores missed earnings estimates.
Hudson’s Bay Unable to End Sales Slide
Shares of Hudson's Bay fell after the owner of the Saks Fifth Avenue and Lord & Taylor department stores missed earnings estimates.
Financial Markets
Ted Baker Warns of Challenges Ahead
Despite full-year online sales jumping 39.8 percent to £101,1 million, the brand cautioned against a tough global environment ahead.
Ted Baker Warns of Challenges Ahead
Despite full-year online sales jumping 39.8 percent to £101,1 million, the brand cautioned against a tough global environment ahead.
Financial Markets
Guess Inc Holiday Sales Beat Estimates
However, net income attributable to Guess in the quarter fell to $1.04 million from $6.6 million a year earlier.
Guess Inc Holiday Sales Beat Estimates
However, net income attributable to Guess in the quarter fell to $1.04 million from $6.6 million a year earlier.
Financial Markets
Tiffany Sales Rebound at Home
The luxury jeweller posted sales growth worldwide and especially in the Americas, its largest region.
Tiffany Sales Rebound at Home
The luxury jeweller posted sales growth worldwide and especially in the Americas, its largest region.
Financial Markets
H&M Sales Miss Expectations Again
The Swedish retailer reported lower fiscal first-quarter sales, after warning last month that markdowns prompted by high inventories would hit earnings.
H&M Sales Miss Expectations Again
The Swedish retailer reported lower fiscal first-quarter sales, after warning last month that markdowns prompted by high inventories would hit earnings.
Financial Markets
Adidas Sales Growth Picks Up
The German company's fourth-quarter revenue growth returned to double-digit pace.
Adidas Sales Growth Picks Up
The German company's fourth-quarter revenue growth returned to double-digit pace.
The News in Brief
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.
Zimmermann Names Roberto Eggs CEO
The Moncler Group executive will succeed longtime CEO Chris Olliver, who is staying on as executive chairman.