Category: Fashion

James Purdey & Sons, a prestigious British brand owned by Richemont and known for its over 200 years of expertise, has appointed British designer Giles Deacon as its new creative director overseeing clothing, accessories, and brand image. Deacon succeeds Simon Holloway, who transitioned to Dunhill in 2023, another brand under Richemont’s portfolio. Giles Deacon is […]

Italy’s Competition Authority has launched an investigation into Giorgio Armani SpA and LVMH-owned Christian Dior Italia over allegations of unfair labor practices. The investigation focuses on claims that the brands sourced supplies from labs employing workers at inadequate wages and making them work excessively long hours under poor conditions. These practices, if proven, would sharply […]

Johnson & Johnson’s (J&J) second-quarter profit surpassed Wall Street’s projections, fueled by robust pharmaceutical sales. However, the company has lowered its full-year profit forecast due to recent acquisitions. Adjusted earnings for the quarter were $2.82 per share, exceeding analysts’ expectations by 11 cents. Although medical device revenue didn’t meet estimates, drug sales slightly outperformed predictions. […]

Luxury Brands Feel the Sting as Chinese Growth Slows Expectations for the second-quarter earnings season were already low in the luxury sector, but the slew of bleak reports have dashed hopes of a recovery in the second half. China’s economy grew much more slowly than expected in the last quarter as a protracted property slump … Continue reading Luxury Brands Feel the Sting as Chinese Growth Slows

Sisley will open a new spa in London’s renowned Mayfair area, known for luxury and elegance. The spa, Maison Sisley, will be on South Audley Street, near Mount Street, which hosts other high-end beauty brands like Creed and Dr. Barbara Sturm. Opening on July 19, the spa will offer treatments for face, body, and hair, […]

On Wednesday, Germany-based beauty retailer Douglas upgraded its sales forecast, predicting growth of 8.5 percent this fiscal year, up 1.5 percent from its previous outlook. The firm, which raised €890 million ($967 million) when it went public in March, also announced telehealth company MYA Health B.V will buy its online pharmacy business, Disapo, for an […]

Italian eyewear group EssilorLuxottica has reached a definitive agreement to purchase streetwear juggernaut Supreme for $1.5 billion in cash. The deal, anticipated to close by the end of the year, was secured at a notable discount from the $2.1 billion VF Corp. had paid in 2020. When VF Corp. initially acquired Supreme, it solidified the […]

Daus Mendoza, a well-known influencer with over five million TikTok followers, initially shied away from the influencer tag, viewing it as “icky.” However, he has now begun to see value in the title. In the social media world, distinguishing between influencers and creators is becoming critical. While creators attract Gen-Z to platforms like TikTok and […]

Sales of Swiss-made luxury watches are in sharp decline as hesitant consumers reevaluate splurging on costly timepieces and demand drops in a crucial market. Recent figures from Richemont and Swatch Group AG highlight a severe downturn led by China, adversely affecting luxury fashion brands like Burberry, Hugo Boss, and Gucci. The double-digit decline in sales […]

Hugo Boss shares plunged to their lowest level since 2021 after the company slashed its profit guidance for the year, citing weakness in key markets such as China and the UK. The German high-end fashion brand now expects operating profit of around €350 million ($381 million) to €430 million in 2024, down from a previous […]