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J.P. Morgan

Target raises 2024 profit forecast after price cuts boost quarterly sales

by David Johnson
Target raises 2024 profit forecast after price cuts boost quarterly sales

By Reuters Published Aug 22, 2024 Target raised its full-year profit forecast on Wednesday and reported its first increase in quarterly comparable sales in over a year, driven by price …

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Puma narrows FY core profit outlook

by Lionel Rogers
Puma narrows FY core profit outlook

By Reuters Published Aug 7, 2024 German sportswear maker Puma on Wednesday narrowed its outlook for full-year core profit, sending its shares briefly to 2018 lows, citing higher freight costs, …

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After China, Zara expands live shopping experiment to Europe and US

by David Johnson
After China, Zara expands live shopping experiment to Europe and US

By Reuters Published Jun 3, 2024 Zara will expand its live shopping broadcasts to the UK, Europe and the United States this year, testing a format that is already wildly …

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Italy’s HModa to explore strategic options, owner says

by Lionel Rogers
Italy’s HModa to explore strategic options, owner says

By Reuters API Published May 6, 2024 ​Italy’s HModa, which groups Italian luxury clothing and leather goods manufacturers, is exploring strategic options for the company as it anticipates a sector …

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Puig announces intention to go public, aiming to raise over €2.5 billion

by David Johnson
Puig announces intention to go public, aiming to raise over €2.5 billion

By Europa Press Translated by Roberta HERRERA Published Apr 8, 2024 The century-old cosmetics firm Puig announced on Monday its intention to go public, seeking to raise over €2.5 billion …

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Ulta Beauty slumps as CEO warns of lackluster first-quarter demand, drags peers

by David Johnson
Ulta Beauty slumps as CEO warns of lackluster first-quarter demand, drags peers

By Reuters Published Apr 3, 2024 Shares of Ulta Beauty tumbled as much as 14.5% on Wednesday after executives flagged a slowdown in demand across categories in the first quarter …

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Armelle Poulou, Mélanie Flouquet join executive committee

by David Johnson
Armelle Poulou, Mélanie Flouquet join executive committee

Translated by Nicola Mira Published Apr 3, 2024 On Tuesday, Kering announced that Mélanie Flouquet and Armelle Poulou have become members of the group’s executive committee, chaired by CEO François-Henri …

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Moncler investor sells stake at 67 euros, shares down over 3%

by Lionel Rogers
Moncler investor sells stake at 67 euros, shares down over 3%

By Reuters API Published Mar 19, 2024 Italy’s Rivetti family, former owner of the Stone Island brand, said on Tuesday it had sold a stake in Moncler, sending the Italian …

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Carlyle commissions Rothschild with finding buyer for Twinset

by Lionel Rogers
Carlyle commissions Rothschild with finding buyer for Twinset

Translated by Nicola Mira Published Jan 26, 2024 The Carlyle investment fund is keen to find a buyer for Italian ready-to-wear label Twinset, in which it has held a 100% …

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Puig’s valuation for stock market debut could exceed €10 Billion

by Lionel Rogers
Puig announces intention to go public, aiming to raise over €2.5 billion

Translated by Roberta HERRERA Published Nov 29, 2023 The Puig Group is set to debut on the stock market in 2024, as revealed in September and subsequently confirmed by its …

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