headlines
Armani "doesn’t rule out" merger or IPO in succession plan
Three months before his 90th birthday, Giorgio Armani is hinting at possible big changes for his Italian fashion empire once he’s no longer in charge.
Luxury
Business
L'Oreal sales rise 9.4% as mass market makeup outshines luxury
L'Oreal reported a 9.4% rise in first quarter sales on a like-for-like basis on Thursday, beating expectations and easing concerns about a slowdown in the two biggest beauty markets the United States and China.
Beauty
Business
Italy's Cucinelli defies slowdown fears with 16.5% growth in sales
Italian luxury group Brunello Cucinelli said on Wednesday its sales rose 16.5% at current exchange rates in the first quarter, driven by growth in all regions, including Asia.
Luxury
Business
Adidas raises earnings guidance after strong first quarter
Adidas on Tuesday raised its 2024 profit outlook after what the German sportswear giant said was a better than expected first quarter.
Fashion
Business
LVMH sales growth slips on luxury spending slowdown
LVMH's sales slowed in the first quarter as rising prices prompted more shoppers who aspire to own its luxury labels to hold back on splashing out thousands of dollars on handbags and other accessories.
Luxury
Business
The latest news
headlines
Armani "doesn’t rule out" merger or IPO in succession plan
Three months before his 90th birthday, Giorgio Armani is hinting at possible big changes for his Italian fashion empire once he’s no longer in charge.
Luxury
Business
L'Oreal sales rise 9.4% as mass market makeup outshines luxury
L'Oreal reported a 9.4% rise in first quarter sales on a like-for-like basis on Thursday, beating expectations and easing concerns about a slowdown in the two biggest beauty markets the United States and China.
Beauty
Business
Italy's Cucinelli defies slowdown fears with 16.5% growth in sales
Italian luxury group Brunello Cucinelli said on Wednesday its sales rose 16.5% at current exchange rates in the first quarter, driven by growth in all regions, including Asia.
Luxury
Business
Adidas raises earnings guidance after strong first quarter
Adidas on Tuesday raised its 2024 profit outlook after what the German sportswear giant said was a better than expected first quarter.
Fashion
Business
LVMH sales growth slips on luxury spending slowdown
LVMH's sales slowed in the first quarter as rising prices prompted more shoppers who aspire to own its luxury labels to hold back on splashing out thousands of dollars on handbags and other accessories.
Luxury
Business
Business
Reliance Industries Limited FY24 Q4 results: Reliance Retail's annual net profit crosses Rs 10,000 crore
Reliance Industries Limited’s results for the fourth quarter of the 2024 financial year show that Reliance Retail's annual net profit crossed Rs 10,000 crore and RIL’s consolidated revenue jumped 2.6%.
Fashion
Business
Billionaire Pinaults fight to pull Gucci off the discount rack
On a recent Friday afternoon, shoppers at a Gucci boutique waded through heaps of heavily discounted, past-season merchandise: Yellow pumps, furry slippers, flamboyant jackets and bright green clutches.
Luxury
Business
US FTC sues to block $8.5 billion takeover of Capri by Tapestry
The U.S. Federal Trade Commission on Monday sued to block Tapestry's $8.5 billion deal to buy Capri saying it would eliminate "direct head-to-head competition" between the brands of the two luxury handbag makers.
Luxury
Business
ABFRL to de-merge Madura Fashion to new entity ABLBL, raise Rs 2,500 crore
Aditya Birla Fashion and Retail Limited plans to de-merge its retail business Madura Fashion and establish it as a separate listed entity then raise Rs 2,500 crore to expand its remaining ABFRL businesses.
Fashion
Industry
Trade shows
Furniture Fair: The Karl Lagerfeld label joins forces with Toan Nguyen, Thom Browne with Frette
In Milan, Karl Lagerfeld unveiled his second home collection, Thom Browne launched a textile line with Italian manufacturer Frette and luxury outlet Fidenza Village teamed up with artist Cyril Lancelin.
Lifestyle
Trade shows
Furniture Fair: Fashion in search of sustainable solutions with Yves Salomon, Dolce & Gabbana and Benetton
The two luxury brands, along with the Italian retailer, are making a name for themselves at this year's Milan Design Week with some particularly original and environmentally-friendly projects.
Fashion
Trade shows
GJEPC's IGJS kicks off in Jaipur, draws global buyers
The Gem and Jewellery Export Promotion Council’s International Gem and Jewellery Show launched in Jaipur on April 12 to showcase Indian manufacturing and technology to global members of the jewellery industry.
Luxury
Industry
GJEPC celebrates 'Brilliant Bharat' at IIJS Tritiya, signs MoU for growth
The Gem and Jewellery Export Promotion Council celebrated ‘Brilliant Bharat’ and India’s jewellery artisans at its recent India International Jewellery Show Tritiya trade show in Bengaluru.
Luxury
Industry