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 […]
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 […]
Asos Confident on Growth Amid Tariff Uncertainty
Asos Confident on Growth Amid Tariff Uncertainty The British online fashion retailer, Asos, has recently made headlines with its first-half earnings surpassing expectations. This positive financial outcome comes as a result of the company’s long-term turnaround plan beginning to yield promising results. Despite the looming uncertainty surrounding tariffs and trade agreements, Asos remains confident in […]
The Ounass Formula for a Successful Brand Activation
The Ounass Formula for a Successful Brand Activation At BoF CROSSROADS 2025 in Dubai, Imran Amed, BoF’s founder and CEO, sat down with Khalid Al Tayer, CEO of luxury e-commerce platform Ounass, to unpack his strategy for success when launching a global brand in the Gulf. In the competitive landscape of luxury e-commerce, standing out […]
Apple and Samsung brace for impact as US tariffs take effect
Apple and Samsung Face Pricing Pressure Amid US Tariff Implementation As the United States implements new tariffs, tech giants like Apple and Samsung are bracing for the impact on their bottom lines. With the possibility of increased import costs looming large, both companies may find themselves in a tough spot when it comes to pricing […]
Inditex Meets Fourth-Quarter Sales Forecast
Inditex Meets Fourth-Quarter Sales Forecast Inditex, the global fashion giant behind brands like Zara and Pull&Bear, recently released its sales figures for the fourth quarter, and the results are in. Despite a challenging retail environment, the company managed to meet its sales forecast, albeit with a slight slowdown in growth. From February 1 to March […]
Mango’s Sales Rise 8% in 2024
Mango’s Sales Rise 8% in 2024: A Result of Strategic International Expansion Mango, the renowned Spanish fashion retailer, has recently made headlines with an impressive 8% increase in sales for the year 2024. The company reported a total revenue of 3.33 billion euros ($3.62 billion), marking a significant milestone in its journey towards global success. […]
BankPozitif partners with Taurus for crypto safekeeping in Turkey
BankPozitif Partners with Taurus for Crypto Safekeeping in Turkey BankPozitif, a prominent player in the Turkish banking sector, has recently made waves by announcing its partnership with Taurus, a leading digital asset platform. This strategic move is set to revolutionize the way Turkish investors engage with cryptocurrencies, marking a significant step forward in BankPozitif’s mission […]
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 […]