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 […]
Hugo Boss Posts Q1 Beat, Reiterates 2025 Outlook
Hugo Boss Surpasses Q1 Expectations and Stays Firm on 2025 Vision German luxury fashion house Hugo Boss recently made headlines by exceeding expectations in its first-quarter results and reaffirming its long-term outlook for 2025. Despite concerns over US tariffs and economic uncertainties, the renowned brand has demonstrated resilience and confidence in its strategic direction. In […]
Unilever to Shutter Ren Skincare Business
Unilever to Shutter Ren Skincare Business Unilever, a major player in the consumer goods industry, recently announced its decision to close down its Ren Skincare business. This move comes as a surprise to many, considering Ren Skincare’s popularity among consumers for its natural and sustainable products. The decision to shut down Ren Skincare was not […]
Estée Lauder Sales Slide 10%, Forecasts Bigger-Than-Expected Drop In Annual Sales
Estée Lauder Sales Slide 10%, Forecasts Bigger-Than-Expected Drop In Annual Sales The iconic American cosmetics company, Estée Lauder, is facing a significant challenge as it reported a 10 percent decline in sales for the third quarter of the year. This decrease in revenue has set off alarm bells within the industry, signaling potential trouble ahead […]
Saks Bonds Plunge as Investor Update Deepens Cash Concerns
Saks Bonds Plunge as Investor Update Deepens Cash Concerns Saks Global, a prominent player in the retail industry, recently experienced a significant drop in its bond prices following an investor update that failed to alleviate concerns about its financial stability. The company’s bonds took a hit after a call with management that did little to […]
Why China’s Gold Jewellers Are the Envy of Global Brands
China’s Gold Jewellers: The Shining Stars in the Luxury Market In the realm of luxury markets, where trends fluctuate and consumer preferences evolve at a breakneck pace, China’s gold jewellers have managed to carve out a unique and enviable position for themselves. Brands such as Laopu Gold and Lao Feng Xiang are not just thriving; […]
Meta cuts jobs in Reality Labs
Meta Cuts Jobs in Reality Labs: Navigating Challenges Amid Ambitious Tech Investments Meta, formerly known as Facebook, has been at the forefront of virtual and mixed reality technology, aiming to revolutionize the way we interact with the digital world. However, as the company refines its vision for Reality Labs, recent layoffs have shed light on […]
Zegna Group Revenues Down 1% as Wholesale Struggles and DTC Grows
Zegna Group Revenues Down 1% as Wholesale Struggles and DTC Grows Italian luxury fashion house Zegna Group has recently reported a 1% decrease in revenues, reflecting the challenges faced by the wholesale sector while witnessing growth in Direct-to-Consumer (DTC) channels. This shift in revenue streams signifies a broader trend in the fashion industry as consumer […]
North America’s Oldest Firm Meets Its End. Some Argue Its Fate Was Avoidable
North America’s Oldest Firm Meets Its End. Some Argue Its Fate Was Avoidable In a surprising turn of events, Hudson’s Bay Co. ULC, North America’s oldest company, is facing its end. The company, which had previously announced plans to save six of its 96 stores from liquidation, including its iconic flagship store, has now decided […]