Cosmetics group L’Occitane, whose brand portfolio includes among others L’Occitane en Provence, Elemis and Melvita, recorded Q3 sales worth €650 million, equivalent to a 9.5% increase year-on-year.
Italian eyewear group Safilo reported an improved core profit margin for the full-year as sales received a boost from its brand portfolio overhaul.
Shapewear label Skims said it had doubled its valuation to $3.2 billion after raising $240 million in fresh funds, as investors bet on the success of the Kim Kardashian-owned brand.
Sales at Italian luxury group Salvatore Ferragamo rose by 31.4% last year, in line with market expectations, although they are still far below pre-pandemic levels.
The sports retail group, whose revenue recorded a 13.8% shortfall in 2020, set the clock back last year, posting a 20.7% revenue growth to reach a total of €12.2 billion.
French luxury goods group LVMH posted a 27% rise in comparable sales for the fourth quarter, breezing past market forecasts as consumers snapped up high-end fashion and accessories over the holiday season.
The Italian fashion group reached €324.6 million in 2021 with double-digit growth in all geographical regions and points of sale, but still records a 7% decline over 2019.
Colgate-Palmolive India Ltd (CPIL) reported a two percent increase in its net profit to Rs 252 crore ($33 million) for the third quarter ended December 2021.
Foreign-owned e-commerce giants Amazon India and Flipkart both witnessed double digit year-on-year sales growth during Republic Day, thanks to stronger consumer sentiment during the third wave of the pandemic.
Raymond Ltd reported a jump in its net profit to Rs 101 crore for the third quarter ended in December 2021, as against a net profit of Rs 22 crore it reported in the year-ago period.
Occasion wear Manyavar’s parent company’s Vedant Fashions will open its initial public offering on February 4 and the share sale will conclude on February 8, according to the business’ red herring prospectus.
Business-to-business startup Shopkirana has raised $38 million in new funding round with investments from businesses including Info Edge and plans to expand its operations to a national scale.
Chinese fashion retailer Shein is reviving plans to list in New York this year and its founder is considering a citizenship change to bypass proposed tougher rules for offshore IPOs in China, sources said.
Victoria's Secret & Co said on Tuesday it will sell a 49% stake in its China business to a Hong Kong-based lingerie maker for $45 million in cash, aiming to boost sales with the help of a local partner.
TikTok is the world’s fastest-growing brand, the new Brand Finance Global 500 2022 report reveals. A new entry to the list, it’s up 215% in a year, leading the global revolution in media consumption.
