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
Financial Markets
Farfetch Sales Jump in First Results Since IPO
Sales on the online marketplace rose 53 percent to $310 million in the third quarter, outpacing overall luxury spending. The company credits the addition of new brands and strong growth in key emerging markets, including China, Mexico and the Middle East.
Farfetch Sales Jump in First Results Since IPO
Sales on the online marketplace rose 53 percent to $310 million in the third quarter, outpacing overall luxury spending. The company credits the addition of new brands and strong growth in key emerging markets, including China, Mexico and the Middle East.
Financial Markets
Will Farfetch's First Earnings Match the Hype?
This week, everyone will be talking about Farfetch's first financial results as a public company, the Victoria's Secret fashion show and the winner of the CFDA/Vogue Fashion Fund's $400,000 prize. Read our BoF Professional Cheat Sheet.
Will Farfetch's First Earnings Match the Hype?
This week, everyone will be talking about Farfetch's first financial results as a public company, the Victoria's Secret fashion show and the winner of the CFDA/Vogue Fashion Fund's $400,000 prize. Read our BoF Professional Cheat Sheet.
Financial Markets
North America Drives Sales Increase at SMCP
The owner of Sandro, Maje and Claudie Pierlot posted a 14 percent rise in third-quarter sales, with the US overtaking Asia as its biggest driver of growth.
North America Drives Sales Increase at SMCP
The owner of Sandro, Maje and Claudie Pierlot posted a 14 percent rise in third-quarter sales, with the US overtaking Asia as its biggest driver of growth.
Financial Markets
Amazon Shares Dip After Sales Miss
The e-commerce behemoth came short of Wall Street projections for its quarterly sales and lowered its revenue forecast for the holiday season.
Amazon Shares Dip After Sales Miss
The e-commerce behemoth came short of Wall Street projections for its quarterly sales and lowered its revenue forecast for the holiday season.
Luxury
LVMH Third Quarter Sales Boosted by Fashion and Leather Goods
The results offer an encouraging sign for a luxury goods sector gripped by fears of a slowdown in China.
LVMH Third Quarter Sales Boosted by Fashion and Leather Goods
The results offer an encouraging sign for a luxury goods sector gripped by fears of a slowdown in China.
Retail
Will Fashion's Retail Boom Last?
A new fashion cycle is pushing consumers to update their wardrobes with items like palazzo pants and distressed denim, breathing new life into struggling mall retailers.
Will Fashion's Retail Boom Last?
A new fashion cycle is pushing consumers to update their wardrobes with items like palazzo pants and distressed denim, breathing new life into struggling mall retailers.
Financial Markets
Lululemon Gains Steam as New Chief Executive Takes the Reins
With a 47 percent percent jump in e-commerce sales in constant currency, the Vancouver-based company is cashing in on its revamped website and direct-marketing efforts.
Lululemon Gains Steam as New Chief Executive Takes the Reins
With a 47 percent percent jump in e-commerce sales in constant currency, the Vancouver-based company is cashing in on its revamped website and direct-marketing efforts.
Financial Markets
PVH Profit Up 38 Percent in Second Quarter
Calvin Klein's sales rose 18 percent in the reported quarter, while Tommy Hilfiger reported sales growth of 15 percent.
PVH Profit Up 38 Percent in Second Quarter
Calvin Klein's sales rose 18 percent in the reported quarter, while Tommy Hilfiger reported sales growth of 15 percent.
Financial Markets
Brunello Cucinelli Sees More Double-Digit Growth in the Future
Sales and core profit at the group, known globally for its plush cashmere designs, have consistently increased in the last six years.
Brunello Cucinelli Sees More Double-Digit Growth in the Future
Sales and core profit at the group, known globally for its plush cashmere designs, have consistently increased in the last six years.
Retail
Nike, Adidas and Uniqlo Face Off at the US Open
This week, everyone will be talking about what Serena Williams and Roger Federer are wearing on and off the court at the US Open, the health of shopping malls and the stores inside them. Read our BoF Professional Cheat Sheet.
Nike, Adidas and Uniqlo Face Off at the US Open
This week, everyone will be talking about what Serena Williams and Roger Federer are wearing on and off the court at the US Open, the health of shopping malls and the stores inside them. Read our BoF Professional Cheat Sheet.
Financial Markets
Old Navy Can’t Save Gap This Time as Weakness Sparks Stock Drop
Gap stores posted same-store sales that fell 5 percent last quarter.
Old Navy Can’t Save Gap This Time as Weakness Sparks Stock Drop
Gap stores posted same-store sales that fell 5 percent last quarter.
Financial Markets
Walmart and Target Showcase Retail's 'Renaissance'
Headwinds battering retailers in recent months have prompted the best of the bunch — a group that also includes Nordstrom and Kohl’s — to up their game.
Walmart and Target Showcase Retail's 'Renaissance'
Headwinds battering retailers in recent months have prompted the best of the bunch — a group that also includes Nordstrom and Kohl’s — to up their game.
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.