Burberry saw another round of retail sales falls in Q3, with Europe and the Americas still being hit hard. But it said China, Korea, leathergoods, outerwear and full-price sales all headed in the right direction.
Richemont’s third quarter — the all-important three months to the end of December — saw sales rising only 1%, although currency-neutral, they were up a healthier 5%, despite the “continuously volatile environment”.
Alibaba Group’s cross-border business-to-consumer marketplace Tmall Global has increased its support for international brands, unveiling a new suite of solutions at the 2021 Tmall Global New Seller Virtual Summit.
From April, Blanca Juti will step into the role of chief communications and public affairs officer for cosmetics giant L’Oréal. Heineken Group’s current chief corporate affairs officer will take over from Lucia Dumas.
Unilever expects global consumption patterns to be suppressed in the first half of this year, even as business returns to normal in East Asia and markets in Africa and Latin America show resiliency, its CEO announced.
Asos concluded a strong year with a four-month autumn and festive period that showed just how strong a business it is. Sales soared not just in the UK but globally and it expects higher profit as a result.
E-commerce solutions business Shopmatic has exceeded its revenue targets by 40% and reported a revenue total of $7 million (Rs 46.6 crore) from April to December, 2020. The business expects to turn cash positive in 2021.
PVH's Tommy Hilfiger opened applications for the third edition of its Fashion Frontier Challenge on Wednesday with an aim this year "to amplify and support black, indigenous and people of color entrepreneurs".
Fashion, beauty and home retail giant Next reached a milestone on Wednesday as its shares rose and its market capitalisation topped £10 billion. It also has the opportunity to capitalise on the Debenhams collapse.