The owner of the Ikea furniture brand said on Wednesday it would raise prices due to supply chain challenges far into 2022, after it reported a drop in full-year profit due to higher transport and raw material costs.
Michael Kors owner Capri Holdings Ltd on Wednesday raised its annual profit forecast, as it benefits from price increases and strong demand for its designer handbags and Jimmy Choo shoes in North America and Europe.
Dabur India Ltd reported a five percent rise in consolidated net profit at Rs 505 crore ($67.8 million) for the September quarter, as against a net profit of Rs 483 crore it reported in the year-ago period.
Estee Lauder Cos Inc cut its full-year sales forecast on Tuesday, as the cosmetics maker grapples with industry-wide supply chain problems and takes a hit from the resurgence of Covid-19 cases in its key markets.
The pandemic has triggered a drastic transformation in the relationship between fashion houses and investment funds, which now tend to forge stronger bonds with labels in order to support them in the long term.