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LVMH sales growth slips on luxury spending slowdown
LVMH's sales slowed in the first quarter as rising prices prompted more shoppers who aspire to own its luxury labels to hold back on splashing out thousands of dollars on handbags and other accessories.
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Spain's Tendam wants to launch IPO before February 2025, CEO says
Spanish fashion retailer Tendam plans to launch an initial public offering by the end of its financial year next February, its CEO Jaume Miquel told Reuters on Monday.
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Бизнес
Rent the Runway shares get caught up in AI frenzy, surge over 200%
Traders piled into shares of Rent the Runway on Thursday, sending the shares up by more than 220% after the apparel rental firm said it was betting on artificial intelligence to power its growth in the current year.
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Fast Retailing: record first half, Uniqlo's international dynamism
The Japanese group reported "record" half-year results on Thursday, boosted in particular by its Uniqlo brand in North America, Europe and South-East Asia, and slightly raised its full-year profit forecast.
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Бизнес
Estée Lauder investment arm NIV invests in Kiki
Community beauty firm Kiki announced on Tuesday its initial funding round investors, including A16z crypto and The Estée Lauder Companies' New Incubation Ventures.
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Главные новости
LVMH sales growth slips on luxury spending slowdown
LVMH's sales slowed in the first quarter as rising prices prompted more shoppers who aspire to own its luxury labels to hold back on splashing out thousands of dollars on handbags and other accessories.
Люкс
Бизнес
Spain's Tendam wants to launch IPO before February 2025, CEO says
Spanish fashion retailer Tendam plans to launch an initial public offering by the end of its financial year next February, its CEO Jaume Miquel told Reuters on Monday.
Мода
Бизнес
Rent the Runway shares get caught up in AI frenzy, surge over 200%
Traders piled into shares of Rent the Runway on Thursday, sending the shares up by more than 220% after the apparel rental firm said it was betting on artificial intelligence to power its growth in the current year.
Мода
Бизнес
Fast Retailing: record first half, Uniqlo's international dynamism
The Japanese group reported "record" half-year results on Thursday, boosted in particular by its Uniqlo brand in North America, Europe and South-East Asia, and slightly raised its full-year profit forecast.
Мода
Бизнес
Estée Lauder investment arm NIV invests in Kiki
Community beauty firm Kiki announced on Tuesday its initial funding round investors, including A16z crypto and The Estée Lauder Companies' New Incubation Ventures.
Красота
Бизнес
Бизнес
FTC is preparing lawsuit to block Tapestry’s purchase of Capri
US antitrust enforcers are preparing a lawsuit seeking to block fashion company Tapestry Inc.’s $8.5 billion planned takeover of Capri Holdings Ltd., according to a person with knowledge of the matter.
Люкс
Бизнес
Beiersdorf raises its sales forecast for 2024 after a good first quarter
Beiersdorf raised its sales forecast for 2024 on Tuesday, buoyed by strong first-quarter sales of its flagship Nivea brand in all regions.
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Bullish Inspecs weathers weak end to 2023 as sales and profits still rise
Despite a profit warning in January, UK-based eyewear producer/distributor Inspecs was in an upbeat mood Wednesday delivering 2023 results that saw revenues inch up and a marginal return to pre-tax profit.
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George at Asda fashions strong growth as the brand outstrips market rivals
Supermarket giant Asda’s reinvigorated fashion and lifestyle brand George has capped a strong six-month trading period with “soaring growth” recorded both online and in-store.
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Бизнес
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Paul Smith will open next Pitti Uomo with latest collection
Paul Smith is expected to make an impact this June as the British designer opens the 106th Pitti Immagine Uomo with the launch of his SS25 collection.
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Pitti Immagine launches the Be Cycle show on the world of bicycles
The organiser of the Pitti Uomo trade fair is diversifying with a new event dedicated to cycling. Called 'Be Cycle', it will be held in Florence from June 26 to 28 at the Leopolda station.
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La Plage trade show returns to Miami, expands to LA
My Fashion Agent, the producer behind the boutique concept trade show La Plage Miami, has announced the launch of its first-ever edition in Los Angeles.
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Shanghai’s big textile trade shows open on cautiously optimistic note
The Intertextile show, with 3,000 fabric producers exhibiting, and the Chic show, with its 1,200 apparel manufacturers, kicked off on March 6 amidst hopes of renewed growth in Western and Chinese demand.
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