The international fragrance group announced net sales of $198.5 million for the first quarter on Tuesday, representing a 37.1% increase from $144.8 million in the same period in the previous year.
Sales at Kering rose by 26% in the first quarter of 2021, led by a strong rebound for its star label Gucci, with growth in Asia and the United States more than offsetting new coronavirus lockdowns in much of Europe.
Cosmetics specialist Warpaint London, the listed company that’s no relation to men’s make-up firm War Paint, said Tuesday that Q1 trading has continued the strength it saw in the second half of last year.
Can a bag save the world? Possibly not, but it can at least prevent it from becoming more polluted. At Mulberry the new goal is a farm-to-finished product supply chain. The house’s CEO Thierry Andretta explains how.
Primark was a big problem for its owner Associated British Foods in the first half as the enforced closure of many stores drove down revenues and profits.
Australian buy-now-pay-later company Afterpay said on Tuesday it is exploring a U.S. listing after more than doubling its third-quarter sales.
FashionNetwork.com spoke to Desigual’s Jordi Balsells, channel strategy director, and David Sgreccia, geographies business director, about the group’s plans in Japan, its post-pandemic recovery and future projects.
Italian fashion group Etro is considering an expression of interest from buyout firm L Catterton, a source close to the matter said on Monday.
The owner of the Pep&Co fashion brand has snubbed the London Stock Exchange and chosen to list its shares in Poland instead. The company is thought to be worth around €5 billion.
Hammerson is to slash rents for its retail tenants by around 30% as UK stores reopen post-Lockdown 3. UK & Ireland MD Mark Bourgeois said that “typically, we're resetting our rents to more affordable levels”.
Studio Retail is no longer for sale. The company has received plenty of interest in the business, but said its recent strong trading suggests that it can create greater value for shareholders as a pureplay retailer.
Ant Group is eyeing options for Jack Ma to divest his stake in the firm and give up control, as meetings with Chinese regulators signaled that the move could help draw a line under Beijing's scrutiny of its business.
Alibaba’s luxury e-commerce platform has partnered with the luxury watch fair organized by the Fondation de la Haute Horlogerie in order to enhance the event’s digital capabilities.
The New York-based brand management company announced a fourth-quarter net loss from continuing operations of $4.4 million on Friday, compared to a loss of $7.9 million in the prior-year period.
Kering’s menswear label Brioni’s recovery plan focuses on its accessories line and new product categories. The brand aims to streamline its costs and business structure, planning 320 lay-offs by 2025.
