Burberry’s Reset Begins to Click Burberry, the renowned British luxury fashion house, has recently made headlines with its strategic reset under new management. Despite facing challenges such as a swing to a loss in full-year profit and a 6 percent decline in quarterly sales, the company’s shares have soared as investors show confidence in its […]
Andie Acquires Richer Poorer
Andie Acquires Richer Poorer: A Strategic Move Towards Growth and Expansion In a bold and strategic move to accelerate growth and expand their market presence, Andie, a prominent digitally-native swimwear brand, has acquired Richer Poorer, a well-known lifestyle brand specializing in premium basics and loungewear. This acquisition is set to create a powerful synergy between […]
Saks Hires Kirkland & Ellis, PJT to Explore Financing Options
Saks Hires Kirkland & Ellis, PJT to Explore Financing Options Saks Fifth Avenue, a renowned luxury department store, has made a strategic move by enlisting the expertise of Kirkland & Ellis and PJT Partners to navigate through the complex world of financing. With economic pressures looming over the US retail sector, the decision to seek […]
This Week: Is Burberry’s Turnaround a Go?
Is Burberry’s Turnaround Finally Gaining Momentum? Burberry, the iconic British luxury brand, has been on a mission to revive its image and regain its position at the top of the fashion world. After facing several challenges in recent years, from changing consumer preferences to the economic impact of the pandemic, Burberry is now gearing up […]
De Beers is Closing Its Man-Made Diamond Jewellery Business
The End of an Era: De Beers Shuts Down Its Man-Made Diamond Jewellery Business De Beers, the renowned diamond company, has made a significant announcement that has sent ripples through the jewelry industry. The decision to close its man-made diamond jewelry business marks the end of an era for the company as it shifts its […]
Coach Owner Tapestry Lifts Forecasts on Pricier Handbags, Low Tariff Impact
Coach Owner Tapestry Lifts Forecasts on Pricier Handbags, Low Tariff Impact The luxury fashion industry is a realm where strategic decisions can make or break a brand. Tapestry, the renowned owner of fashion house Coach, has recently made headlines by defying expectations and showcasing resilience in the face of economic challenges. Tapestry’s shares soared by […]
Kenvue Beats Estimates on Healthcare Sales, Beauty Lags
Kenvue Beats Estimates on Healthcare Sales, Beauty Lags Kenvue, a leading player in the healthcare and beauty industry, recently announced its quarterly earnings, surpassing Wall Street estimates in terms of overall sales and revenue. However, the company faced a setback as sales in its skincare and beauty segment fell short of expectations. The healthcare sector […]
BoF Masterclass | The State of Fashion: Beauty
BoF Masterclass | The State of Fashion: Beauty The beauty industry has always been a fascinating realm, constantly evolving and setting new trends. In the fast-paced world of fashion and beauty, staying ahead of the curve is crucial for success. Recently, the Executive Editor of The Business of Beauty, Priya Rao, hosted a Masterclass along […]
BoF Masterclass | The Lifestyle Era: Luxury’s Opportunity in Home and Hospitality
BoF Masterclass | The Lifestyle Era: Luxury’s Opportunity in Home and Hospitality In the ever-changing landscape of retail and fashion, catering to consumers’ desires goes beyond what they wear. It extends into their living spaces, creating a seamless blend between personal style and home decor. The intersection of luxury, home, and hospitality presents a unique […]
Coty Cuts Annual Profit Forecast
Coty Cuts Annual Profit Forecast: What’s Next for the Beauty Giant? Coty, the global beauty company known for its wide range of cosmetic and fragrance brands, recently announced a downward revision of its annual profit forecast. The news sent ripples through the market, with the company’s shares falling about 2 percent in extended trading. This […]