J.Crew Group on thursday reported a double-digit sales increase in the third quarter, with a return to growth at its namesake brand. The group announced it will shutter the budget line Mercantile and Nevereven brand.
Chow Tai Fook Jewellery Group Ltd on Thursday logged its best-ever half year since 2014, but warned of lower growth momentum in the second half due to Sino-U.S trade tensions and foreign exchanges fluctuations.
EssilorLuxottica, the spectacles company formed by the merger of Essilor and Italy’s Luxottica, said its search for a new chief executive would start next year as planned, dismissing rumours about a power struggle.
The NYC-based specialty apparel retailer, formerly known as New York & Company, reported improved Q3 earnings off the back of improved margins on Thursday, as the group moves forward with its new rebranding strategy.
The German company has come up with a new mass-market self-care and beauty brand for the French and Scandinavian markets: N.A.E., or Naturale Antica Erboristeria, the fresh offshoot of an older Italian brand.
Menswear brand Swet Tailor has closed on a first round of seed funding worth $1.5 million. In a press release, the brand said it will use these new funds "to further expand the company's marketing and brand awareness."
Consumer goods giant Unilever said Thursday that its CEO is to retire with the Dove and Hourglass owner naming Alan Jope to succeed him. He has overseen rapid expansion in the beauty sector for the firm.
Guess Inc. reported on Wednesday third quarter results that missed expectations, despite a beat on revenue, as the brand said it expects to pay out a hefty fine for anti-trust charges issued by the European Commission.