Spain’s Puig Shares Jump on Lauder Merger Talks
Shares of the Spanish beauty group surged around 16 percent on Tuesday, on track for their best trading day on record, after announcing they were in talks over a potential merger with Estée Lauder.
earnings
Retail
Lululemon Beats Expectations, Raises Full-Year Outlook
The activewear brand’s revenue rose 24 percent year-over-year to $2 billion, reflecting growth driven by China, a successful loyalty programme and new categories
Lululemon Beats Expectations, Raises Full-Year Outlook
The activewear brand’s revenue rose 24 percent year-over-year to $2 billion, reflecting growth driven by China, a successful loyalty programme and new categories
Beauty
Space NK Bets on Experiential Stores, Viral Brands for Growth
The British beauty retailer is doubling down on its growth focus with more stores, brand exclusives and Gen-Z shoppers .
Space NK Bets on Experiential Stores, Viral Brands for Growth
The British beauty retailer is doubling down on its growth focus with more stores, brand exclusives and Gen-Z shoppers .
Luxury
Chanel to Double Capital Investments, Bolster ‘Ultimate Luxury Experience’ as Sales Surge
The privately-held fashion and beauty giant’s sales rose 17 percent to $17 billion in 2022. Private salons for top-spending clients, emerging technologies and a new London headquarters are on new CEO Leena Nair’s agenda.
Chanel to Double Capital Investments, Bolster ‘Ultimate Luxury Experience’ as Sales Surge
The privately-held fashion and beauty giant’s sales rose 17 percent to $17 billion in 2022. Private salons for top-spending clients, emerging technologies and a new London headquarters are on new CEO Leena Nair’s agenda.
Retail
When It Comes to Fashion, M&S Is on the Right Wavelength
Reliable sizing, sweet-spot pricing and contemporary – but not faddish – styles are helping high street retailer stand out.
When It Comes to Fashion, M&S Is on the Right Wavelength
Reliable sizing, sweet-spot pricing and contemporary – but not faddish – styles are helping high street retailer stand out.
Luxury
Luxury Stocks Lose $30 Billion in One Day on Demand Fears
A blistering rally in luxury goods stocks this year powered by international demand, particularly from China, has taken a hit, wiping out more than $30 billion from the sector on Tuesday.
Luxury Stocks Lose $30 Billion in One Day on Demand Fears
A blistering rally in luxury goods stocks this year powered by international demand, particularly from China, has taken a hit, wiping out more than $30 billion from the sector on Tuesday.
Retail
What Shein’s Lower Valuation Means for the Future of Fast Fashion
The fast fashion retailer reportedly raised funding this week at a lower valuation. But the e-commerce giant remains immensely popular — and may have some more tricks up its sleeves.
What Shein’s Lower Valuation Means for the Future of Fast Fashion
The fast fashion retailer reportedly raised funding this week at a lower valuation. But the e-commerce giant remains immensely popular — and may have some more tricks up its sleeves.
Luxury
Burberry Americas Slowdown Sours China Rebound
Shares fell 6 percent after deteriorating sales in the Americas overshadowed a resurgence in Chinese demand. The British megabrand is in the midst of a transformation under CEO Jonathan Akeroyd and designer Daniel Lee.
Burberry Americas Slowdown Sours China Rebound
Shares fell 6 percent after deteriorating sales in the Americas overshadowed a resurgence in Chinese demand. The British megabrand is in the midst of a transformation under CEO Jonathan Akeroyd and designer Daniel Lee.
Sports
Adidas Will Sell Its Yeezy Inventory
At its annual meeting Thursday, the company confirmed plans to sell its remaining stock of Yeezy sneakers rather than destroy the merchandise. Adidas also told investors that an investigation into Ye’s workplace misconduct did not substantiate claims of harassment.
Adidas Will Sell Its Yeezy Inventory
At its annual meeting Thursday, the company confirmed plans to sell its remaining stock of Yeezy sneakers rather than destroy the merchandise. Adidas also told investors that an investigation into Ye’s workplace misconduct did not substantiate claims of harassment.
Luxury
Prada’s Q1 Revenues Jump 22 Percent, Surpassing €1 Billion
Prada reported a strong rebound in Asia and shook off fears of a US slowdown.
Prada’s Q1 Revenues Jump 22 Percent, Surpassing €1 Billion
Prada reported a strong rebound in Asia and shook off fears of a US slowdown.
Workplace & Talent
Robert Triefus Appointed Stone Island CEO
After nearly 15 years at Gucci, the executive will join the Moncler Group-owned Italian label on June 1.
Robert Triefus Appointed Stone Island CEO
After nearly 15 years at Gucci, the executive will join the Moncler Group-owned Italian label on June 1.
Luxury
Luxury's Record High Stock Prices, Explained
Kering’s first-quarter sales were a stress test for luxury demand after strong momentum at LVMH and Hermès pushed shares in the sector to dizzying heights.
Luxury's Record High Stock Prices, Explained
Kering’s first-quarter sales were a stress test for luxury demand after strong momentum at LVMH and Hermès pushed shares in the sector to dizzying heights.
Retail
Authentic Brands Group Acquires Vince IP
The licensing group — which also owns Brooks Brothers and Juicy Couture, among others — will have a majority stake in a new Vince entity, with will license the brand back to Vince to operate its existing wholesale, retail and online business.
Authentic Brands Group Acquires Vince IP
The licensing group — which also owns Brooks Brothers and Juicy Couture, among others — will have a majority stake in a new Vince entity, with will license the brand back to Vince to operate its existing wholesale, retail and online business.
The News in Brief
Oil Slides, Stocks Climb on Trump’s Iran Reprieve
Oil prices tumbled by over 8 percent after Trump said the US was in talks with Tehran to end the US-Israeli war on Iran, a claim parliamentary speaker Mohammad Baqer Ghalibaf has denied.
Puig, Estée Lauder Companies Considering Merger
The Spanish owner of Byredo, Rabanne and Charlotte Tilbury and the American conglomerate confirmed on Monday that they are in discussions to combine their businesses.
Applied Nutrition Sinks as War Disruption Poses Growth Risk
The UK supplement maker's shares slumped the most since its 2024 IPO after warning of disruption from the conflict in the Middle East, its CEO told Bloomberg.
New Luxury Store Openings Rise in Europe, Cushman Data Shows
The continent’s leading luxury retail streets saw a 13 percent rise in new outlets last year, with fierce competition for prime locations, according to Cushman & Wakefield.
Garage Clothing Owner Rides Y2K Fashion to $5.3 Billion Fortune
Andrew Lutfy, CEO and majority owner of Groupe Dynamite, saw his net worth surge to $5.3 billion after a sharp rise in shares following the company’s 2024 IPO.
Danone Acquires Protein Drinks Maker Huel in €1 Billion Deal
Huel, which counts actor Idris Elba and TV presenter Jonathan Ross among its investors, has agreed to be acquired by the French consumer goods group in a deal worth about $1.2 billion.
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.