For the financial year ended December 31, 2019, Safilo group said preliminary net sales of the continuing operations equalled 939 million euros (1,034.3 million dollars), up 3.1 percent at current exchange and 0.9 percent at constant exchange rates. The company said in a statement that on a preliminary […]

Furla has confirmed the delay of their IPO. The company had initially revealed its plan to delay their IPO seven months ago, and on Monday, Alberto Camerlengo, Furla’s CEO, confirmed the IPO would be delayed in an interview with business newspaper Affari e Finanza. Furla will continue to remain in the […]

Not many 12-year-old lifestyle brands are featured in a six-part docu-series on Netflix, but not many lifestyle brands are founded by Gwyneth Paltrow. The popular streaming service released “The Goop Labs” earlier this week, focusing on the alternative wellness remedies showcased by Goop. Speaking at […]

Italian luxury brand Salvatore Ferragamo has reported an increase in revenues for 2019 despite its fourth-quarter figures being negatively impacted by the Hong Kong riots. For the year to 31 December, the company reported a 2.3 percent increase in sales to 1.37 billion euros compared to 1.34 billion […]

Official Fairtrade seals have so far only been found on agricultural products such as coffee, bananas, tea or even cotton. Indian garment manufacturer Purecotz is now the first textile factory that has been certified according to the Fairtrade textile standard. Pioneering more fairness in the textile […]

In 2019, consolidated sales at SMCP, parent company of the Sandro, Maje and Claudie Pierlot brands, reached 1,131.9 million euros (1,245.7 million dollars), up 8.7 percent at constant currency and scope. The company said, reported sales were up 11.3 percent, including a positive currency impact of 1.3 […]

eBay inc. revenue for the fourth quarter was 2.8 billion dollars, down 2 percent on an as-reported basis and remaining flat on a foreign exchange (FX) neutral basis, while gross merchandise volume (GMV) was 23.3 billion dollars, down 5 percent on an as-reported basis and down 4 percent on a FX-Neutral […]

LVMH Moët Hennessy Louis Vuitton recorded revenue of 53.7 billion euros (59.1 billion dollars) in 2019, up 15 percent, while the company’s organic revenue growth was 10 percent. LVMH said in a statement that Europe and the United States experienced good growth over the year, as did Asia, despite a difficult […]

The company said on Tuesday its FY19 net profit climbed. Compared with the same period last year, revenues surged by 15 percent. For FY19, the company's net profit was 11,504 million euros, climbed from 10,003 million euros last year. Furthermore, revenues grew to 53,670 million euros. LVMH Moët Hennessy […]

ANALYSIS New York – Shares of European luxury brands Burberry and LVMH continued to fall on Tuesday morning trade on the companies’ exposure to the Chinese market, which has been hit by an outbreak of Coronavirus. Data from Bain & Co. indicates that Chinese customers - shopping both at home and abroad […]

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