Coty Misses Quarterly Revenue Estimates: A Sign of Changing Trends in the Beauty Industry Coty, a global beauty company, recently announced a disappointing second-quarter revenue result, falling short of estimates and leading to a cut in its annual profit forecast. The company attributed this setback to several factors, including a decrease in demand for cosmetics […]
The Problems with Gucci and Dior
The Challenges Ahead for Gucci and Dior After experiencing a remarkable surge in sales over the past five years, luxury powerhouses LVMH’s Dior and Kering’s Gucci are now encountering significant challenges. Despite their contrasting situations, both brands are navigating through turbulent waters in the ever-competitive fashion industry. Gucci, under the umbrella of Kering, has been […]
Australian Beauty E-Tailer to Open 25 Stores By 2028
Australian Beauty E-Tailer to Open 25 Stores By 2028 The beauty industry is constantly evolving, with new trends and innovations shaping the way we shop for skincare and makeup products. As more consumers turn to online shopping for their beauty needs, one Australian e-tailer is taking a bold step into the world of brick-and-mortar stores. […]
Shiseido Profits Plummet 73% on Weak China Demand
Shiseido Profits Plummet 73% on Weak China Demand Shiseido, the renowned Japanese owner of popular beauty brands like Nars and Drunk Elephant, has recently been hit hard by a significant drop in profits. The company reported a staggering 73% decrease in its earnings, attributing this sharp decline to weak consumer demand in China. This downturn […]
Oracle expands AI tools in NetSuite to speed up business processes
Oracle Expands AI Tools in NetSuite to Speed Up Business Processes Oracle, a global leader in cloud applications and platform services, is making significant strides in the realm of artificial intelligence (AI) by expanding its AI tools in NetSuite. This move is aimed at accelerating business processes and enhancing productivity for organizations leveraging NetSuite’s robust […]
AI-driven ads boost Pinterest’s revenue and user engagement
AI-Driven Ads Boost Pinterest’s Revenue and User Engagement Pinterest, the popular social media platform known for its visual discovery and bookmarking features, has been making waves in the advertising world with its AI-driven ads. By leveraging artificial intelligence to deliver more targeted and personalized ads to users, Pinterest has not only seen a significant increase […]
Ralph Lauren’s Dresses, Polo Shirts Drive Sales Forecast Raise
Ralph Lauren’s Dresses, Polo Shirts Drive Sales Forecast Raise Ralph Lauren, a name synonymous with timeless elegance and sophistication in the fashion industry, is making waves yet again. The iconic label has recently seen a significant uptick in sales, particularly in its wholesale business in North America. With a remarkable 6 percent growth in third-quarter […]
Chinese firms embrace DeepSeek AI Models
Chinese Firms Boost Competitive Edge with DeepSeek AI Models In the fast-paced world of technological innovation, staying ahead of the curve is imperative for businesses looking to maintain a competitive edge in the global market. Chinese firms have long been at the forefront of embracing cutting-edge technologies to drive growth, and the adoption of DeepSeek […]
Former Fendi Chief to Lead Jil Sander
Former Fendi Chief Executive Serge Brunschwig Takes the Helm at Jil Sander The fashion industry is no stranger to high-profile executive shuffles, and the latest move sees former Fendi chief executive Serge Brunschwig stepping into the role of CEO at Jil Sander. This announcement also comes with the additional title of chief strategy officer at […]
Ferragamo Parts Ways With CEO Marco Gobbetti
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 […]