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Andrea FelstedBloomberg |
Back in January, Bernard Arnault, founder and chief executive officer of LVMH, said he would be perfectly happy with 8%-10% sales growth for the...
Simon Wolfson, chief executive officer of Next Plc, said recently that he had not been this optimistic about the retailer’s outlook for seven years....
Puig Brands SA is betting on the Fragrance Index for its multibillion-euro initial public offering. But the owner of Charlotte Tilbury, Jean Paul...
Get ready for Granentino. Valentino, the fashion house that’s 30% owned by Kering SA, has named Alessandro Michele, the former creative director of...
When Nike Inc. reports its third-quarter earnings on Thursday, investors will be looking for signs that the world’s biggest sportswear company is...
Gucci is being ghosted. Parent Kering SA warned on Tuesday that its first-quarter sales, excluding currency movements and mergers and acquisitions,...
Unilever Plc is cutting the fat — in every sense. Chief Executive Officer Hein Schumacher plans to spin off its ice-cream business, including the...
Reckitt Benckiser Group Plc has been plunged into crisis after a jury awarded an Illinois woman $60 million in damages, saying the company’s Enfamil...
If that Rolex you’ve got your eye on is getting more expensive, Bitcoin may be to blame. The last time the cryptocurrency rallied, in 2021, it...
With inflation moderating, investors are looking to big consumer companies to sell more tubs of ice cream, tins of beans and bottles of bleach. But...
Last weekend, the New York Times ran a feature on why trousers — or pants as they’re known in the US — have become so large again. Indeed, look...
Forget animal print, the gyrations in luxury valuations have been the wildest look of the past year. Ever since LVMH founder and Chief Executive...
For years, Inditex SA’s Zara trailed the luxury brands. Top names in fashion would send new styles down the runway, which the retailer would quickly...
Shein Group Ltd. is considering switching its initial public offering to London from New York because of the hurdles of listing in the US. But the...
Van Cleef & Arpels’ lucky clover bracelet is the new Cartier Love bangle. Young women and men are taking to TikTok to show off the jewelry, which...
Investors are looking for the next turnaround story in luxury. Gucci-owner Kering SA seems like a good fit. But with the company warning on Thursday...
Anheuser-Busch InBev SA is trying to magic away the lingering controversy surrounding its Bud Light brand. The world’s biggest brewer has released...
Another plot twist has emerged in the tale of a British supermarket buyout by private equity. Asda Group Ltd. Chairman Stuart Rose needs to swiftly...
Is the luxury slump over?A glance at LVMH’s fourth-quarter and full-year 2023 earnings might suggest so. The print sent the shares up as much as 9%,...
Just as bonus season arrives, the best bargains on secondhand Rolexes may be coming to an end. The Bloomberg Subdial Watch Index, which tracks the 50...
When Bernard Arnault presents LVMH’s annual earnings on Thursday, investors and analysts will be hanging on to his every word as they try to...
When Burberry Group Plc showed designer Daniel Lee’s creations to a star-studded audience last September, it looked like the brand had a good...
Just when it looked like inflation’s grip on consumers was easing, another obstacle has emerged for both retailers and central bankers: difficulty...
Christmas 2023 turned out to be more ho-ho than ho-hum. For some retailers, anyway. Next Plc said its full-price sales in November and December were...
2024 is the Year of the Dragon, but it may not be so lucky for luxury brands. Even though Chinese consumers can now travel to Europe individually or...
Mike Ashley began to look like he was emulating LVMH founder Bernard Arnault when he elevated a scion of his sportwear empire to a senior role. Now,...
A profit warning in the week leading up to Christmas is never a good look. This year’s shock has been provided by Superdry Plc. With just a few...
For any British company, the risk of listing in New York is that you become irrelevant. For luxury marketplace Farfetch Ltd., this worked in...
One of the most popular gifts this Christmas will be the $600 Dyson Airwrap, a hairdryer-meets-styling tool that upended the beauty industry when it...
Jose Neves, founder, chairman and chief executive officer of Farfetch Ltd. is in talks to take the luxury marketplace private, the Telegraph reported...
It seems like all we’ve heard this year from the major US retailers is how consumers are “under pressure” as pandemic-era savings run out and...
Is the “ Tarjay” magic back? Investors certainly think so. Shares in former high-flying retailer Target Corp. rose the most since since 2019...
A mawkishly singing oven glove, a gift-guzzling plant and a toy elf flying off a roof.Britain’s Christmas ads are having a midlife crisis.
When Farfetch Ltd. came to market in a $7 billion initial public offering in 2018, it promoted itself as a way to tap into the huge online demand for...
Marks and Spencer Group Plc put on a fine showing on Wednesday, beating estimates of first-half pre-tax profit and proposing a dividend for the first...
For the past decade, Britain’s grocers have been emulating German discount rivals Aldi and Lidl. Now Tesco Plc has taken things one step further. On...
Hein Schumacher, the new chief executive officer of Unilever Plc, has left the fireworks at home. Instead of announcing a far-reaching review of the...
Hold onto your Gucci bucket hat. With the middle class cutting back, the luxury industry is realizing that it’s all about selling to the 1%. On...
Jimmy Kimmel propelled weight-loss drugs into our popular consciousness in March, when he quipped at the Oscars: “Everybody looks so great. When I...
Want a read on inflation? Look no further than the loyalty cards in your wallet. The hikes in food prices we’ve seen over the past two years are...
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