The abrupt exit of Gap Inc's chief executive on the back of falling sales and shrinking margins will likely push the struggling apparel retailer to sell one or more of its brands, analysts said.
Italian luxury group Brunello Cucinelli said on Tuesday it had raised again its revenue guidance for 2022 after posting a 46.4% sales jump in the second quarter of the year.
Cosmetics group L’Occitane, owner among others of L’Occitane en Provence, Melvita and Sol de Janeiro, recorded a 15.8% sales growth to reach €1.78 billion in the last fiscal year.
Creightons, one of the hygiene product winners during Covid-19, is having to adjust to post-pandemic normality. And the personal care, beauty, and fragrance products producer said its transition has been successful.
Fast-growing womenswear business Sosandar reported its full-year results and a Q1 update on Tuesday, and it was yet another story of rapid expansion for the business.
Matchesfashion on Tuesday morning confirmed that ex-ASOS chief Nick Beighton will indeed be its new CEO, taking over from Paolo De Cesare “after a short transition period”.
Lanvin Group has released its 2021 results and said it saw 52% pro forma revenue growth year on year. It talked of “strong momentum" ahead of its proposed NYSE listing and said it's still seeking brands to acquire.
French luxury group LVMH’s beauty retail chain Sephora said on Monday it was selling its Russian subsidiary to the local general manager.It added that the business would operate under the "Ile de Beaute" brand.
BNPL giant Klarna is expected to announce soon that The Canada Pension Plan Investment Board (CPPIB) is to become a shareholder. It’s to unveil a new $800m fundraising, a media report claims.
Joules has confirmed it's called in KPMG to help it boost its cash position. In a stock exchange statement it said it “continues to focus on improving profitability, cash generation and liquidity headroom”.
Michael Jais, CEO of Launchmetrics and Olivier Abtan, managing director of Publicis Sapient, detail their companies' research on the impact of media initiatives and ROI analysis.
Swedish hygiene products group Essity said on Friday it had agreed to buy 80% of Canadian company Knix Wear, a maker of leakproof apparel for periods and incontinence, for around 3.3 billion Swedish crowns.
Recovering fashion retailer Esprit is continuing its reinvention and has unveiled a new brand mascot, Joy the Dolphin.
Luxury fashion brand Tom Ford is exploring a possible sale of its business, according to a report on Thursday, in a takeover deal that could value the American brand at several billion dollars.
Levi Strauss & Co's denim jeans and jackets were swept off the racks in the second quarter as people returning to work and social events stuck to the comfortable styles that had dominated during lockdowns.
