Kering: Valentino Will Not Change Hands Before 2028 In a strategic move that has set the fashion industry abuzz, Kering, the French luxury group, has announced that Valentino will not be changing ownership before 2028. This decision comes as the first significant action taken under the leadership of Kering’s new CEO, Luca de Meo. The […]
Byredo Owner Puig’s Profits Climb 79% on Tariff Pre-Orders
Byredo Owner Puig’s Profits Surge 79% on Tariff Pre-Orders Puig, the Spanish conglomerate behind renowned beauty brands like Charlotte Tilbury and Paco Rabanne, has recently reported a substantial 79% increase in profits. This surge in profitability can be attributed to a strategic move made by Puig in the lead-up to June. As global trade tensions […]
Ssense Lenders Seek Fast Sale of Struggling Fashion Retailer
SSENSE Lenders Push for Quick Sale Amid Struggling Finances SSENSE, the renowned e-tailer that seamlessly blends commerce and culture, has found itself in a precarious position as its lenders are now seeking a rapid sale of the struggling fashion retailer. The company, which garnered private investments in 2021 amounting to a valuation of over 5 […]
Hundreds of Sentinel nuclear missile silos could be built by US on private lands
Hundreds of Sentinel Nuclear Missile Silos Could Be Built by US on Private Lands The Air Force’s top nuclear weapons planner said Wednesday that building hundreds of new missile silos is under consideration to replace the aging Minuteman III intercontinental ballistic missile system. This ambitious plan aims to modernize the U.S. nuclear arsenal, enhancing its […]
Victoria’s Secret Comeback Shows Progress With Sales Rebound
Victoria’s Secret Comeback Shows Progress With Sales Rebound Victoria’s Secret, the iconic lingerie brand, has been making headlines recently with its impressive sales rebound, signaling a promising comeback under the leadership of its new CEO, Hillary Super. Since taking the helm, Super has implemented a strategic plan to revitalize the brand, focusing on key areas […]
Shiseido Sales Slide 7.6%, Profits Improve on Cost-Cutting Plan
Shiseido Sales Slide 7.6%, Profits Improve on Cost-Cutting Plan Shiseido, the renowned Japanese beauty giant, has recently faced a sales decline of 7.6% in the first half of 2025. Despite this challenging setback, the company has managed to achieve a remarkable 21.3% increase in operating profit. This positive upturn in profitability can be attributed to […]
Hugo Boss Confident It Can Cushion US Tariff Blow
Hugo Boss Confident It Can Cushion US Tariff Blow German fashion powerhouse Hugo Boss recently made headlines by beating quarterly profit expectations, defying the odds in the face of weak global demand. The company’s resilience in the midst of economic challenges has not only impressed investors but also fueled its confidence in weathering the storm […]
The Executive Briefing: Reading the Tariff Tea Leaves
The Executive Briefing: Reading the Tariff Tea Leaves In the realm of business, staying ahead of the curve is not just a competitive advantage, but a necessity for survival. March has been a month of contrasting signals for the economy, leaving executives and entrepreneurs alike scrambling to decipher the mixed messages. From the looming shadows […]
Watches of Switzerland Warns US Tariffs to Weigh on Margin
Watches of Switzerland Warns US Tariffs to Weigh on Margin The renowned UK-based luxury watch retailer, Watches of Switzerland, recently sounded the alarm regarding the potential impact of US tariffs on its profit margins. The company disclosed that its margin on earnings before interest and taxes (EBIT) could face a decline of up to 100 […]
Giorgio Armani Posts 24% Profit Drop in Tough 2024, Steps Up Investments
Giorgio Armani Faces 24% Profit Dip in Challenging 2024, Prioritizes Strategic Investments The renowned Milanese fashion house, Giorgio Armani, recently disclosed a 24% decline in profits for the fiscal year 2024. This setback was primarily attributed to a decrease in revenues coupled with a marginal rise in operating expenses. Despite the unfavorable financial results, the […]