Ferragamo Parts Ways With CEO Marco Gobbetti Italian luxury fashion house Salvatore Ferragamo has announced the departure of CEO Marco Gobbetti next month, after just over three years at the helm. Gobbetti’s tenure was marked by challenges as the brand struggled to curb sliding sales, with shares plummeting by a staggering 66 percent during his […]
Deckers Outdoor Raises Annual Net Sales Target for Second Time on Robust Demand
Deckers Outdoor Raises Annual Net Sales Target for Second Time on Robust Demand Deckers Outdoor Corp, the parent company of popular footwear brands like UGG and Hoka One One, has recently announced an upward revision of its annual net sales target for the second time this year. This decision comes on the heels of robust […]
Puig Posts 14% Rise in Holiday Sales
Puig Posts 14% Rise in Holiday Sales Puig, the Barcelona-based powerhouse known for its luxurious perfume brands such as Rabanne, Carolina Herrera, and Jean Paul Gaultier, has recently reported a significant surge in holiday sales. The company disclosed that its net sales for the final quarter of the year, spanning from October to December 31, […]
Levi Shares Tumble as Full-Year Guidance Disappoints
Levi Shares Tumble as Full-Year Guidance Disappoints Levi Strauss & Co., the iconic San Francisco-based retailer known for its denim products, recently sent shockwaves through the market as it announced its full-year guidance for fiscal 2025. The company revealed that it is expecting revenue to decline by 1 percent to 2 percent, a disappointing forecast […]
Nykaa Expects Strong Growth as Shoppers Keep Spending on Luxury Beauty
Nykaa Expects Strong Growth as Shoppers Keep Spending on Luxury Beauty Indian beauty retailer Nykaa is on the brink of a significant expansion as it anticipates robust growth in the coming months. The company’s optimistic outlook stems from its strategic move to venture into smaller cities and towns, tapping into previously untapped markets. As Nykaa […]
Luxury’s China Priorities in the Year of the Snake
Luxury Brands Facing Challenges in China Market in the Year of the Snake The allure of the Chinese market for luxury brands is undeniable. With its growing middle class and increasing disposable income, China has been a key focus for many luxury brands looking to expand their global reach. However, the Year of the Snake […]
Estée Lauder Reviews Brands Amid Management Change
Estée Lauder Reviews Brands Amid Management Change Estée Lauder, the renowned beauty giant, is making strategic moves in the wake of a management change. With Stéphane de La Faverie taking the helm as the new CEO, the company has set its sights on revamping its portfolio of beauty brands. This initiative comes as Estée Lauder […]
Unilever India Acquires Indian Beauty Brand Minimalist
Unilever India Strengthens Beauty Portfolio with Acquisition of Indian Brand Minimalist In the ever-competitive world of beauty and skincare, strategic acquisitions often prove to be game-changers for industry giants looking to expand their portfolios and reach new consumer segments. Hindustan Unilever, the Indian division of consumer goods conglomerate Unilever, has recently made a significant move […]
Primark-Owner ABF Cuts Guidance on Tough UK Retail Market
Primark-Owner ABF Cuts Guidance on Tough UK Retail Market Associated British Foods Plc, the owner of the popular fast-fashion retailer Primark, recently made headlines by lowering its sales growth forecast. The company cited weak UK consumer sentiment as a primary factor contributing to this adjustment, alongside a significant 6.4 percent drop in like-for-like sales during […]
The Debrief | The Evolving Art of Brand Collaborations
The Debrief | The Evolving Art of Brand Collaborations In today’s competitive market, brands are constantly seeking new ways to capture the attention of consumers who are becoming increasingly savvy. One strategy that has proven to be successful in cutting through the noise is brand collaborations. This week’s Debrief explores the current state of collaborations, […]