H&M profit dips, despite higher sales
H&M’s Q2 and first-half results report on Thursday may have included news of falling profits, but the numbers still beat analyst expectations. And the company said that sales in the …
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Bimba y Lola generates profit of €11.6 million in fiscal year 2022, down 26% due to the impact of inflation
By Europa Press Translated by Roberta HERRERA Published Jul 9, 2023 Spanish fashion brand Bimba y Lola recorded a net profit of 11.6 million euros in fiscal year 2022, which …
EssilorLuxottica adds Jimmy Choo to its deep license portfolio
By Bloomberg Published Jun 29, 2023 EssilorLuxottica SA, the world’s biggest eyeglass maker, will produce Jimmy Choo Eyewear under a 10-year licensing deal starting in 2024, adding another luxury name …
Authentic Brands gets $20 billion valuation in funding round
By Bloomberg Published Jun 29, 2023 Authentic Brands Group Inc. has raised $500 million from growth-equity investor General Atlantic. Ted Baker The transaction values the owner of fashion brands and …
Boohoo weighs in on Revolution Beauty’s share options for leadership team
Boohoo Group’s displeasure with events at this week’s Revolution Beauty AGM continues to bubble under. The 26.6% majority shareholder in the troubled beauty retailer has issued another announcement to the …
H&M to grow third-party brand strategy as online rivalry intensifies
By Reuters API Published Jun 29, 2023 H&M plans to sell more third-party brands online and in stores, CEO Helena Helmersson said on Thursday, as one of the world’s top …
Nike’s gloomy forecast puts spotlight on North America slowdown
By Reuters Published Jun 30, 2023 Nike forecast first-quarter revenue below Wall Street expectations on Thursday as cost-conscious consumers in North America cut back on sneaker and sports apparel purchases …
European textile, leather, footwear and cosmetics industries demand free trade
Translated by Roberta HERRERA Published Jul 6, 2023 19 European industrial confederations, including those representing the textile, leather, footwear, and cosmetics sectors, have issued a joint appeal to Brussels, urging …
Hailey Bieber looks to beat beauty brand fatigue with Rhode label
By Bloomberg Published Jun 30, 2023 Hailey Bieber has grand plans for her skin-care label, Rhode, aiming to stand out in an increasingly crowded field of celebrity brands. Hailey Bieber …
Sergio Tacchini launches Selfridges pop-up in Wimbledon month
Sergio Tacchini has opened a pop-up at Selfridges in London that runs until 6 August. It’s good timing for the brand that’s known for its tennis links as it’s opening …