Aurelius has only owned The Body Shop for a few weeks but it's reportedly lining up administrators for the UK retail arm of the business, which means store closures and job losses are likely.
The pathbreaking editor of British Vogue Edward Enninful on Friday said 40 "legendary women" ranging from Serena Williams to Miley Cyrus had gathered to grace the cover of his last issue of the fashion bible.
Ulike, the Chinese electro-beauty giant, boasting sales reaching €1.3 billion, has recently set up offices in Paris. Its objective: to dominate the European market for pulsed light hair removal.
Sometimes likened to a game of Monopoly with LVMH, Kering's real estate acquisitions for hundreds of millions of euros raise questions. According to its executives, the aim is to secure assets for its brands.
Investors are looking for the next turnaround story in luxury. Gucci-owner Kering SA seems like a good fit.
A year after China ended its Covid-Zero policy, the expected bounceback in spending on high-end consumer goods has failed to live up to expectations. Luxury retailers are looking to US consumers to make up sales.
L'Oreal has signed a licensing agreement with high end fashion label Miu Miu for beauty products, the French cosmetics giant said on Friday.
Michael Karapetian has been promoted to vice president of corporate development, strategy, and investor relations of lifestyle apparel company Kontoor Brands.
Japanese cosmetics giant Shiseido is hoping fiscal 2024 will see sales growing again in China and in the travel retail channel, two problem areas that marred its 2023 results, published on Friday.
Hugo Boss’s Hugo and Boss brands have had plenty of news this week with a key new monogram design and an important sports partnership.
Gucci and Saint Laurent owner Kering has reportedly cut direct links with Farfetch although its brands could continue to be available on the site when sold through the third-party retailers that are Farfetch’s backbone.
Ultra-luxury specialist Hermès was upbeat on Friday as it released what it said were “outstanding sales and results” with all of its product categories up in double-digits.
Acquired in 2023 by the ChimHaeres Holding (Borsalino), the historic couture house returns to the market with three capsule collections revisiting its DNA, ahead of its official rebirth scheduled for summer 2024.
According to the filing, GIC has taken 5,543,944 shares of Kohl's common stock, constituting approximately a 5.01% stake.
Capri Holdings announced on Thursday revenues fell 5.6% to $1.43 billion for the third quarter, with retail segment sales hurt by softening luxury consumer demand primarily in the Americas.
Genesis, in collaboration with the Council of Fashion Designers of America (CFDA), announced on Thursday Grace Ling as the first-ever AAPI Design + Innovation Grant winner.
Global online fashion and lifestyle retailer Shein announced on Thursday plans to open a new Seattle-area office in downtown Bellevue, expanding its growing U.S. footprint.
Coach parent Tapestry raised its annual profit forecast on Thursday, betting on full-price sales of its premium handbags and early signs of a demand recovery in key market China.
Anglo American Plc said it could take an impairment on its De Beers diamond unit after the sector was hit by a collapse in prices last year and any recovery this year is expected to be slow.
Westfield mall owner Unibail-Rodamco-Westfield sees the Paris Olympics and Paralympics boosting its earnings for 2024, it said on Thursday, with several of its Viparis convention centres hosting events over the Games.
Under Armour Inc. raised its outlook for full-year earnings, with cost cuts in its turnaround effort making up for a continued decline in revenue.
China's Alibaba Group Holding on Wednesday missed analysts' estimates for third-quarter revenue, hurt by a weak retail environment and faltering economic recovery in the world's second-largest economy.
Cosmetics group L’Oreal reported a 6.9% rise in fourth quarter sales, slower growth than in the previous quarter, as its travel retail business continued to feel the pinch from changes in regulations of daigou resellers.