Adidas has once again upgraded its profit forecast, driven by the surge in popularity of its Samba and Gazelle sneakers. The brand anticipates full-year revenue growth at a high single-digit rate, better than the earlier mid-single-digit prediction. Full-year operating profit is now expected to reach €1 billion, up from an initial forecast of €700 million. […]
Can ‘Dupe’ Fragrance Brands Make The Real Thing?
Can “Dupe” Fragrance Brands Make The Real Thing? Dossier, a brand recognized for its affordable fragrance imitations or ‘dupes’, has decided to branch out and introduce its own original scents. But can these originals rival the popularity of its imitations? The allure of dupes is that they offer smell-alike versions of high-priced luxury products at […]
Balenciaga Launches Apple Vision Pro App
Balenciaga Launches Apple Vision Pro App Balenciaga has released the first phase of an app for the Apple Vision Pro, a $3,499 headset computer that Apple debuted in the US in February. The app lets Apple Vision Pro users see exclusive drone views and stereoscopic footage of the luxury house’s Spring/Summer 2025 show, originally held […]
Richemont Jewellery Sales Solid, Offsetting Drop in China Demand
Richemont, the renowned Swiss luxury goods holding company, reported a 1% rise in sales for Q1, reaching €5.3 billion ($5.8 billion) at constant currencies. This performance aligns with analyst expectations, marking a steady trend compared to the double-digit growth from the previous year. The company’s jewelry sector, featuring iconic brands like Cartier, Van Cleef & […]
How Dorsey Sold the Instagram Girl on Lab-Grown Gems
How Dorsey Sold the Instagram Girl on Lab-Grown Gems The four-year-old brand has reached eight figures in revenue with a whole-hearted embrace of lab-grown stones and a more casual, everyday approach to jewellery. Dorsey’s Rivière necklaces have gained a loyal following on Instagram. By Diana Pearl Five years ago, Meg Strachan had a bold vision: […]
Ewa Abrams Tapped as Kering Americas’ President
French luxury conglomerate Kering has appointed Ewa Abrams as president of its Americas division, succeeding Laurent Claquin, who recently became chief brand officer at the group level. Abrams brings extensive experience from her 17-year tenure at Tiffany & Co., where she forged a notable career before joining Kering Americas as general counsel in 2018. As […]
Burberry’s CEO Shake-Up, Explained
On Monday, Burberry named a new CEO — Joshua Schulman, the former leader of Coach, then Michael Kors — after comparable retail sales tumbled 21 percent in its first fiscal quarter. The British luxury brand’s latest attempt to push upmarket under chief executive Jonathan Akeroyd and creative director Daniel Lee has struggled to gain traction […]
Macy’s Ends Buyout Talks With Activist Investors
Macy’s has put an end to the buyout talks with activist investors Arkhouse Management and Brigade Capital. The discussions, aimed at taking the department store chain private in a $6.9 billion deal, failed to reach a conclusion owing to uncertainties around financing and valuation. Macy’s stock took a significant hit, dropping 13% to $16.62 from […]
The Technology Behind On’s Newest ‘Super Shoe’
In the sportswear industry, cutting-edge technology is what sets brands apart. The Swiss brand On, known for its innovative approach, is launching a game-changing product. Their proprietary CloudTec technology, inspired by a co-founder’s creative touch using a garden hose, has already made waves, turning running into a sensation akin to “running on clouds.” On’s latest […]
Amazon Prime Day Sales to Hit Record $14 Billion
Shoppers are projected to spend approximately $14 billion during Amazon’s Prime Day, a two-day event this week, according to Adobe Analytics. This reflects a 10.5% increase in spending compared to Prime Day 2023. Amazon initiated Prime Day a decade ago, typically in July, and it now accounts for 1% to 2% of the company’s net […]