Giorgio Armani Posts 24% Profit Drop in Tough 2024, Steps Up Investments
The Milanese group was hit by declining revenues and a slight increase in operating costs but said it retained a long-term approach amid a sharp downturn in luxury demand.
Reuters
After Prada ‘Sandal Scandal,’ Indian Sellers Tap Nationalist Pride to Boost Sales
Sales are surging for the 'Kolhapuri' sandals that garnered global attention after Prada sparked a controversy by showing a similar design on the runway without crediting its origin.
Valentino Faces Uncertainty as CEO Takes Sick Leave Amid Profit Slowdown
A possible change of CEO would, if confirmed, pile further pressure on the high-end business which reported a decline in revenues and profit last year.
US Prices for China-Made Goods on Amazon Rise Faster Than Inflation, Analysis Shows, as Tariffs Bite
The timing and rate of the price hikes suggest cost shocks are reverberating through the retail supply chain.
Luxury Brands Bet on Experiential Retail to Revive China Sales
Louis Vuitton’s latest Shanghai store is a 30-metre-high, ship-shaped experience called ‘The Louis.’
ADVERTISEMENT
ADVERTISEMENT
The News in Brief
Billionaire H&M Founding Family Speeds Up Share Purchases
The Persson family and its related companies owned over 60 percent of H&M's shares at the end of May, prompting speculation the company may return to private ownership.
L’Oréal to Acquire Hair Care Brand Color Wow
Hair care was the second fastest-growing category at L’Oréal last year after fragrances.
Prada Credits Sandal’s Indian Legacy Amid Uproar
The Italian fashion group has acknowledged the Indian roots of a new open-toe sandal design after criticism from artisans and politicians.
Shein to File Confidentially for Hong Kong IPO, Sources Say
Shein aims to submit the filing confidentially as soon as this week, a source familiar with the matter told Reuters. A second source said the filing was expected to be made by Monday.
Report: Unilever to Pay $1.5 Billion For Dr. Squatch
The mass personal care brand’s sale price topped £1 billion, according to a report in the Financial Times.
Nike Fourth-Quarter Sales Fall by Less Than Expected
CEO Elliott Hill said the company is making progress in its turnaround effort, though a return to growth will take time.
Ulta Beauty Chief Financial Officer to Depart, Interim Leader Appointed
The American cosmetics retailer said on Wednesday that longtime financial executive Chris Lialios will serve as interim chief financial officer until it finds a suitable replacement for outgoing CFO Paula Oyibo.