headlines
Ervér makes good start at H&M Group as Q1 looks stronger
H&M Group released its first set of results under the leadership of CEO Daniel Ervér on Wednesday and he seems to have got off to a good start because while Q1 saw net sales down, profit rose.
Fashion
Retail
Tod's investor calls for L Catterton to raise buyout offer
Tod investor Tabor Asset Management has published an open letter calling for an increase in the price offered by L Catterton to buy 36% of the Italian luxury shoemaker, saying the price of 43 euros per share is unfair.
Luxury
Business
Slowear CEO Piero Braga on considered growth and building women’s offerings
As it steadily evolves, the Venice-based brand is introducing the American market to its female-targeted product.
Fashion
Business
Marcolin tops €550 million revenue mark
Fiscal 2023 was highly positive for the Italian eyewear producer, with net sales of €558.3 million, up by 2% at current exchange rates and by 3.8% at constant rates, while adjusted EBITDA rose by 27.9% to €78.1 million.
Fashion
Business
Lululemon warns of slowing North America sales as spending falters
Lululemon Athletica forecast annual revenue and profit below expectations on Thursday as demand wanes for the apparel retailer's premium athleisure mainly in the North American region, sending its shares down nearly 11%.
Fashion
Business
The latest news
headlines
Ervér makes good start at H&M Group as Q1 looks stronger
H&M Group released its first set of results under the leadership of CEO Daniel Ervér on Wednesday and he seems to have got off to a good start because while Q1 saw net sales down, profit rose.
Fashion
Retail
Tod's investor calls for L Catterton to raise buyout offer
Tod investor Tabor Asset Management has published an open letter calling for an increase in the price offered by L Catterton to buy 36% of the Italian luxury shoemaker, saying the price of 43 euros per share is unfair.
Luxury
Business
Slowear CEO Piero Braga on considered growth and building women’s offerings
As it steadily evolves, the Venice-based brand is introducing the American market to its female-targeted product.
Fashion
Business
Marcolin tops €550 million revenue mark
Fiscal 2023 was highly positive for the Italian eyewear producer, with net sales of €558.3 million, up by 2% at current exchange rates and by 3.8% at constant rates, while adjusted EBITDA rose by 27.9% to €78.1 million.
Fashion
Business
Lululemon warns of slowing North America sales as spending falters
Lululemon Athletica forecast annual revenue and profit below expectations on Thursday as demand wanes for the apparel retailer's premium athleisure mainly in the North American region, sending its shares down nearly 11%.
Fashion
Business
Business
Sephora announces the launch of its new eco-friendly labels
At the Change Now trade show held in Paris from March 25 to 27, Sephora announced the launch of two labels focused on eco-responsibility: "Clean at Sephora" and "Planet Aware at Sephora".
Beauty
Retail
LVMH-backed L Catterton to form consumer-focused JV in India with former HUL CEO
U.S. private equity firm L Catterton said it will form a joint venture in India with former Hindustan Unilever CEO Sanjiv Mehta to develop a new investment vehicle targeting the country's consumer market.
Luxury
Business
Moschino reduces stake in joint venture with Altana for junior line
The Aeffe group's star label has sold a 15% stake in Moschino Kids to its partner Altana, but remains a majority shareholder in the joint venture company they set up in 2022 to develop and run the childrenswear line.
Luxury
Business
Gemfields' emerald auction garners $17.1 million in Jaipur
Mining business Gemfields reported that its emerald auction at the recent Ninth India Rough Gemstone Sourcing Show in Jaipur garnered $17.1 million in revenue.
Luxury
Industry
Trade shows
Startup Mahakumbh brings together Indian businesses at first edition in New Delhi
From March 18 to 20, the first ever edition of industry event Startup Mahakumbh brought together Indian businesses in New Delhi to position India as a global innovation hub.
Fashion
Industry
Emerging designers showcase collections at ‘Designer's India 2024’
India’s emerging fashion designers showcased their collections at the recently concluded ‘Designer's India 2024’ event held at the NSIC Grounds in New Delhi.
Luxury
Trade shows
GJEPC launches ninth Rough Gemstone Sourcing Show in Jaipur
The Gem and Jewellery Export Promotion Council launched the ninth edition of the Rough Gemstone Sourcing Show in Jaipur to showcase a wide range of emeralds from Kagem Mining Limited in Zambia.
Luxury
Industry
Shanghai’s big textile trade shows open on cautiously optimistic note
The Intertextile show, with 3,000 fabric producers exhibiting, and the Chic show, with its 1,200 apparel manufacturers, kicked off on March 6 amidst hopes of renewed growth in Western and Chinese demand.
Fashion
Trade shows