Walmart Inc on Tuesday raised its annual sales and profit forecast in anticipation of soaring demand during the crucial holiday season even as global supply chain woes hit its margins in the third quarter.
Add together the return of shoppers and workers to UK cities and a stronger-than-expected economic recovery from the pandemic and that amounts to a speedy return to profit for Landsec, the UK’s largest commercial property giant said Tuesday.
Nothing like being one of a kind in fashion, which sums up Emeric Tchatchoua, the Paris-born but Canadian-raised LVMH finalist whose brand 3.Paradis was named this week one of the 10 labels in Rimowa’s latest project.
Harry Styles has this week launched a beauty brand — called Pleasing — the label debuting with just a few products. For now it features vegan/clean beauty unisex nail products and skincare.
New York-based fragrance group Inter Parfums, Inc. (Interparfums) announced on Monday that it expects 2022 net sales to be up 16 percent, while diluted earnings will increase 20 percent.
Cosmetics group L'Occitane (owner among others of L'Occitane en Provence and Melvita) has recently acquired an 83% stake in beauty brand Sol de Janeiro, founded in 2015 in the USA.
Virgil Abloh has recently launched Off-White Kids, the designer’s first collection for girls and boys aged 4 to 12, featuring his label's signature codes with a fun colour palette and amusing graphics.
Despite the ‘common prosperity’ policy advocated by the Chinese government, the country’s Singles’ Day holiday set new records with soaring luxury goods purchases.
The New York-based company, which offers subscription boxes with apparel, footwear and accessories for kids, launched its IPO on Thursday, joining a rush of fashion-focused businesses that have gone public this year.
Following its IPO in August, the digital-first eyewear retailer has reported net revenue of $137.4 million for the third quarter, an increase of 32.0% compared to $104.1 million in the same period in the previous year.
The brand led by Mary-Kate and Ashley Olsen has expanded into fragrances with the launch of its first scent collection, in the form of three oils created in collaboration with L’Oeil du Vert’s Haley Alexander van Oosten.
Italian fashion group OTB, which expects its 2021 turnover to grow 21% compared with an year earlier, aims to list in 2024, its chairman and founder Renzo Rosso said on Friday.
The Italian fashion group's revenue as of September 30 was up by 21%, reaching €250 million, but remained 7% below the pre-Covid figure, while its net income soared, posting a 74% increase in two years.
Johnson & Johnson plans to spin off its consumer health division that sells Listerine and Baby Powder to focus on pharmaceuticals and medical devices in the biggest shake-up in the U.S. company's 135-year history.
Chinese ecommerce titan Alibaba enjoyed record sales during its Singles Day shopping extravaganza, giving a much-needed boost to the firm after a torrid year in which it became the symbol of a government crackdown.
