LVMH Names Deputy CEO of Beauty Division, Parfums Christian Dior
Philippe Farnier, a longtime LVMH executive, will step into the new role effective immediately, reporting to divisional head Véronique Courtois.
earnings-report
Financial Markets
Kering Misses Estimates, YSL Still Star Performer
Kering SA reported first-quarter revenue that trailed analysts’ estimates as slowing tourism flows weighed on demand in Europe.
Kering Misses Estimates, YSL Still Star Performer
Kering SA reported first-quarter revenue that trailed analysts’ estimates as slowing tourism flows weighed on demand in Europe.
Financial Markets
Under Armour's Quarterly Revenue Jumps 30 percent
Under Armour Inc posted a 30 percent jump in quarterly revenue, helped by strong demand for its sports apparel and launches of new running and basketball shoes.
Under Armour's Quarterly Revenue Jumps 30 percent
Under Armour Inc posted a 30 percent jump in quarterly revenue, helped by strong demand for its sports apparel and launches of new running and basketball shoes.
Financial Markets
L'Oreal Sales Rise 1.8 Percent as Developed Markets Hold Up
French cosmetics maker L'Oreal says its sales edged up 1.8 percent in the first three months of the year to 6.55 billion euros ($7.41 billion) as gains in its main markets in Western Europe and North America offset a decline in Latin America.
L'Oreal Sales Rise 1.8 Percent as Developed Markets Hold Up
French cosmetics maker L'Oreal says its sales edged up 1.8 percent in the first three months of the year to 6.55 billion euros ($7.41 billion) as gains in its main markets in Western Europe and North America offset a decline in Latin America.
Financial Markets
Lower Tourist Spending Checks Burberry Sales Growth
British luxury fashion brand Burberry said tough conditions would hit profit in the year ahead after a drop in tourist spending in continental Europe and weak demand in Hong Kong depressed sales in recent months.
Lower Tourist Spending Checks Burberry Sales Growth
British luxury fashion brand Burberry said tough conditions would hit profit in the year ahead after a drop in tourist spending in continental Europe and weak demand in Hong Kong depressed sales in recent months.
Financial Markets
Burberry Sees Profit Setback Amid Declining Luxury-Goods Demand
Burberry Group Plc said earnings this year will be at the low end of analysts’ estimates as the company struggles to cope with ebbing demand in Hong Kong and Europe.
Burberry Sees Profit Setback Amid Declining Luxury-Goods Demand
Burberry Group Plc said earnings this year will be at the low end of analysts’ estimates as the company struggles to cope with ebbing demand in Hong Kong and Europe.
Financial Markets
UK Retailer JD Sports' Full-Year Profit Beats Expectations
British retailer JD Sports Fashion Plc reported a 57 percent jump in full-year headline profit before tax and exceptional items, as sales of sports and fashion products continued to surge on the UK high street.
UK Retailer JD Sports' Full-Year Profit Beats Expectations
British retailer JD Sports Fashion Plc reported a 57 percent jump in full-year headline profit before tax and exceptional items, as sales of sports and fashion products continued to surge on the UK high street.
Financial Markets
Rocket Internet Vows to Limit Losses After 2015 Cash Burn
German e-commerce firm Rocket Internet said it was on track to make three of its start-ups profitable by the end of 2017, and its losses should have peaked last year when its companies burned through 1 billion euros ($1.1 billion).
Rocket Internet Vows to Limit Losses After 2015 Cash Burn
German e-commerce firm Rocket Internet said it was on track to make three of its start-ups profitable by the end of 2017, and its losses should have peaked last year when its companies burned through 1 billion euros ($1.1 billion).
Financial Markets
Fewer Paris Tourists and DKNY Shift Hit LVMH's Fashion and Leather
LVMH has announced their poor performance in fashion and leather goods being due to lower tourist spending on big brands such as Louis Vuitton in France and the ending of some DKNY lines.
Fewer Paris Tourists and DKNY Shift Hit LVMH's Fashion and Leather
LVMH has announced their poor performance in fashion and leather goods being due to lower tourist spending on big brands such as Louis Vuitton in France and the ending of some DKNY lines.
Financial Markets
Perry Ellis Reports 4Q Loss
Perry Ellis International Inc. has reported a loss of $17.7 million in its fiscal fourth quarter.
Perry Ellis Reports 4Q Loss
Perry Ellis International Inc. has reported a loss of $17.7 million in its fiscal fourth quarter.
Financial Markets
LVMH Shares Fall, Dragging Down Rivals
European shares have fallen with luxury good stocks among the worst performers after France's LVMH posted first quarter sales below forecasts.
LVMH Shares Fall, Dragging Down Rivals
European shares have fallen with luxury good stocks among the worst performers after France's LVMH posted first quarter sales below forecasts.
Financial Markets
LVMH First-Quarter Sales Miss Forecasts, Says France Remains Weak
LVMH on Monday posted first-quarter sales below forecasts as tourist shopping in key markets such as France and Hong Kong remained low.
LVMH First-Quarter Sales Miss Forecasts, Says France Remains Weak
LVMH on Monday posted first-quarter sales below forecasts as tourist shopping in key markets such as France and Hong Kong remained low.
Financial Markets
H&M Q1 Profit Hit by Markdowns and Currency Effects
Hennes & Mauritz posted a 30 percent drop in first-quarter pretax profit on Wednesday due to markdowns and a stronger US dollar, although the results were slightly better than expected.
H&M Q1 Profit Hit by Markdowns and Currency Effects
Hennes & Mauritz posted a 30 percent drop in first-quarter pretax profit on Wednesday due to markdowns and a stronger US dollar, although the results were slightly better than expected.
The News in Brief
Reliance Retail Acquires Pahadi Local
India’s largest retailer has acquired Himalayan skincare brand Pahadi Local amid a global surge in demand for Indian beauty and wellness.
Henkel Acquires Hair Care Brand Not Your Mother’s
The German consumer giant is expanding its US hair care presence with the the fast-growing, teen-favourite brand.
Muji Is Turning Skincare Into Its Next Growth Engine
The Japanese retailer is betting on its fast-growing, value-for-money skincare products to drive growth at home and abroad.
Fast Fashion Garments Pile Up in South Asia as Middle East Conflict Grounds Planes
Shipments of garments for major retailers are stranded at airports in Bangladesh and India as the conflict in the Middle East forces airlines cancel flights.
Saks Global to Shut 15 More Stores as Part of Restructuring
The luxury retailer, which filed for bankruptcy earlier this year, will close more stores as it tries to cut losses and focus on more profitable, higher-end locations.
Nike’s Latest SEC Filing Revives Converse Sale Speculation
In a document filed with the Securities and Exchange Commission, the company’s management has approved a plan for organisational changes expected to cost the brand nearly $300 million. One analyst posited the target could be its struggling subsidiary.
US Economy Unexpectedly Loses Jobs in February; Unemployment Rate Rises to 4.4%
The decline in nonfarm payrolls reported by the Labor Department in its employment report on Friday was the sixth since January 2025 and the second largest.