LVMH has announced the appointment of Andrea Guerra as CEO of LVMH hospitality excellence and member of the executive committee effective March 16, 2020. The company said in a statement that following the acquisition of Belmond led by group CFO Jean Jacques Guiony, this newly created position encompasses […]

New York – Nike (NKE) and Tapestry (TPR) could suffer a 3 percent to 5 percent decline in earnings per share this quarter and a 1 to 2 percent decline in overall earnings per share (EPS) this year, according to Credit Suisse. Credit Suisse' analyst Michael Binetti said in a research note last Monday […]

New York – The expanding shadow of a global epidemic caused by the coronavirus outbreak originated in Wuhan, China, is seeing multiple ramifications beyond the actual health threat. China and the neighbouring countries constitute the largest expansion market for luxury brands worldwide. In order to […]

Levi Strauss & Co., for its fourth quarter reported net revenues decline of 2 percent on a reported basis, and flat on a constant-currency basis excluding 16 million dollars in unfavourable currency effects to 1,569 million dollars. Gross profit of 851 million dollars rose 1 percent on a reported […]

Aeffe Group has reported a slight increase in revenues in 2019. The Italian group, which owns brands such as Alberta Ferretti, Philosophy di Lorenzo Serafini, Moschino, Pollini, Jeremy Scott and Cédric Charlier, reported sales of 351.4 million euros in 2019, up 1.4 percent from 346.6 million euros in […]

Fast fashion brands drop new collections as often as every two weeks, illustrating the fast cycle of manufacturing, buying and disposing of which drives the fashion industry’s wastefulness and polluting impact. In fact, it is estimated that more than half of the fast fashion produced is disposed of […]

Deckers Brands’ third quarter net sales increased 7.4 percent to 938.7 million dollars, while on a constant currency basis, net sales increased 8.4 percent. The company said in a statement that gross margin was 54.1 percent compared to 53.8 percent for the same period last year and diluted earnings […]

The company said on Thursday its Q3 net profit increased Compared with the same period last year, revenues surged by 7 percent. The company's net profit for Q3 was 202 million dollars, grew from 196 million dollars a year earlier. Revenues surged to 939 million dollars. Deckers Outdoor Corp (NYSE: DECK) […]

Farfetch has raised 250 million dollars in investments from Tencent and Dragonner - a Chinese global technology pioneer in China and a San Francisco-based investment firm, respectively. Each is purchasing 125 million in convertible senior notes. This financing supplements Farfetch’s current liquidity […]

Swiss watchmaker Swatch Group said Thursday profits dwindled last year as sales in one of its biggest markets Hong Kong took a beating amid months of sometimes violent pro democracy protests. Swatch, which is best known for its brightly coloured plastic-cased watches but also owns several luxury brands […]

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