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A financial lens on the fast-changing fashion sector, including markets, investors and deals.
Sales Growth at Hermès Picks up Pace in Third Quarter
Sales growth in Asia, Hermes' biggest region by revenues, was stable from one quarter to the next, while demand picked up in Europe and the US.
Sales Growth at Hermès Picks up Pace in Third Quarter
Sales growth in Asia, Hermes' biggest region by revenues, was stable from one quarter to the next, while demand picked up in Europe and the US.
Tapestry Misses Revenue Estimates on Surprise Drop in Coach Sales
The luxury goods maker said sales were hit by inventory issues and hurricanes in North America and typhoons in Asia.
Tapestry Misses Revenue Estimates on Surprise Drop in Coach Sales
The luxury goods maker said sales were hit by inventory issues and hurricanes in North America and typhoons in Asia.
Luxury Cosmetics and Chinese Demand Drive Sales Bounce at L'Oréal
The cosmetics giant, which has been under scrutiny over its ownership structure after the death of Liliane Bettencourt, posted better-than-expected third-quarter sales.
Luxury Cosmetics and Chinese Demand Drive Sales Bounce at L'Oréal
The cosmetics giant, which has been under scrutiny over its ownership structure after the death of Liliane Bettencourt, posted better-than-expected third-quarter sales.
Ralph Lauren's Retreat From Discounting Helps Bolster Profit
The brand's pursuit of higher-quality sales channels and fewer discounts helped second-quarter revenue reach $1.66 billion, just above the $1.64 billion predicted by analysts.
Ralph Lauren's Retreat From Discounting Helps Bolster Profit
The brand's pursuit of higher-quality sales channels and fewer discounts helped second-quarter revenue reach $1.66 billion, just above the $1.64 billion predicted by analysts.
Hugo Boss Raises Forecast After Solid Third Quarter
The company now expects its 2017 group sales to grow by a low single-digit percentage rate on a currency-adjusted basis, having previously guided for flat sales.
Hugo Boss Raises Forecast After Solid Third Quarter
The company now expects its 2017 group sales to grow by a low single-digit percentage rate on a currency-adjusted basis, having previously guided for flat sales.
Estée Lauder Gains After Chinese Expansion Helps Lift Forecast
The cosmetics giant boosted forecasts for the year following better-than-expected growth in the first quarter thanks to rapid expansion in China and the acquisition of millennial-friendly brands.
Estée Lauder Gains After Chinese Expansion Helps Lift Forecast
The cosmetics giant boosted forecasts for the year following better-than-expected growth in the first quarter thanks to rapid expansion in China and the acquisition of millennial-friendly brands.
Proenza Schouler Gets Down to Business With Second, More Casual Label
Jack McCollough, Lazaro Hernandez and Judd Crane tell BoF how Proenza Schouler White Label (PSWL) will open the brand to a broader audience.
Proenza Schouler Gets Down to Business With Second, More Casual Label
Jack McCollough, Lazaro Hernandez and Judd Crane tell BoF how Proenza Schouler White Label (PSWL) will open the brand to a broader audience.
Sales Boom at Kering, Gucci up 49 Percent
The luxury group — which houses Yves Saint Laurent, Balenciaga and Stella McCartney — said revenue rose 28.4 percent in the third quarter on a like-for-like basis, while Gucci remains its biggest profit driver.
Sales Boom at Kering, Gucci up 49 Percent
The luxury group — which houses Yves Saint Laurent, Balenciaga and Stella McCartney — said revenue rose 28.4 percent in the third quarter on a like-for-like basis, while Gucci remains its biggest profit driver.
With $2 Billion IPO Under Belt, SMCP Plots China Growth
As SMCP goes public, BoF speaks to the company's co-founders and chief executive about the affordable luxury giant's trajectory and future ambitions.
With $2 Billion IPO Under Belt, SMCP Plots China Growth
As SMCP goes public, BoF speaks to the company's co-founders and chief executive about the affordable luxury giant's trajectory and future ambitions.
Richemont Expects Profit Jump as Trading Improves
The luxury group expects an 80 percent increase in net profit as it recovers from the Swiss watch industry's severe downturn.
Richemont Expects Profit Jump as Trading Improves
The luxury group expects an 80 percent increase in net profit as it recovers from the Swiss watch industry's severe downturn.
Victoria's Secret Owner to Invest in Crystal International's $574 Million IPO
Victoria's Secret parent company L Brands Inc. committed to buy $10 million of the supplier's stock in the offering, while Uniqlo-owner Fast Retailing has agreed to buy $20 million of stock.
Victoria's Secret Owner to Invest in Crystal International's $574 Million IPO
Victoria's Secret parent company L Brands Inc. committed to buy $10 million of the supplier's stock in the offering, while Uniqlo-owner Fast Retailing has agreed to buy $20 million of stock.
How Supreme Grew a $1 Billion Business with a Secret Partner
Supreme scaled from scrappy start-up to billion-dollar streetwear juggernaut with private equity funding going back to 2014.
How Supreme Grew a $1 Billion Business with a Secret Partner
Supreme scaled from scrappy start-up to billion-dollar streetwear juggernaut with private equity funding going back to 2014.
THE NEWS IN BRIEF
Trump FTC Chair Pledges to Keep Aggressive Merger Enforcement
The organisation’s chairman Andrew Ferguson vowed to aggressively block illegal mergers, reaffirming the agency’s commitment to challenging deals that violate antitrust laws, continuing the stance taken during the Biden administration.
True Religion Acquired by Private Equity Firm Acon Investments
The deal, which included participation from American Eagle’s chief executive, will help the denim maker expand globally.
Sneaker Maker Golden Goose Is Said to Kick Off Milan IPO Soon
Luxury sneaker brand Golden Goose SpA plans to kick off an initial public offering in Milan as soon as this week, according to people familiar with the matter, extending a strong rebound in European listings this year.
Europe Luxury Stocks Slide After Richemont Chairman Says Inflation Is Denting Demand
Luxury goods stocks slumped in Europe, wiping out more than $25 billion in market value after Richemont chairman Johann Rupert said inflation is starting to dent demand across the region.
US Inflation Cooling as Consumer Prices Rise Moderately Again
US consumer prices increased moderately in July as higher rents were mostly offset by declining costs of goods such as motor vehicles and furniture, a trend that could persuade the Federal Reserve to leave interest rates unchanged next month.
Kim Kardashian Hires Wall Street Talent to Bulk Up Buyout Firm
Kim Kardashian’s private equity firm hired a half-dozen financial-industry professionals, including a new chief operating officer who previously worked at alternative investment giant Apollo Global Management Inc.
US Economy Shrinks for a Second Quarter, Raising Recession Odds
Gross domestic product fell at a 0.9 percent annualised rate after a 1.6 percent decline in the first three months of the year, the Commerce Department’s preliminary estimate showed Thursday.