The beauty giant unveiled its new growth strategy at an investor event on Friday, revealing plans to reposition brands in its consumer beauty and skincare portfolios, and accelerate growth in prestige, China and digital.
French luxury goods group LVMH will increase its stake in fashion company Tod’s to 10%, Tod’s said, in a move which sources described as “friendly support” for the Italian struggling leather goods maker.
The footwear company reported earnings of $98.6 million for the first quarter, an increase of 100.8% from $49.1 million in the same period in the previous year, thanks to sales that the group described as a Q1 record.
Luxury puffer jacket maker Moncler said on Thursday sales increased by 21% at constant exchange rates in the first quarter of the year, pushed by a strong growth in Asia and solid signs of recovery in North America.
France has long had an obsession with American ideas and icons, and enjoyed and profited from re-imagining them with a Gallic touch. The latest is Shiloh Heritage - a marriage of Texas and the Camargue.
FashionNetwork.com spoke to Desigual’s Jordi Balsells, channel strategy director, and David Sgreccia, geographies business director, about the group’s plans in Japan, its post-pandemic recovery and future projects.
Hermès had a good first quarter as all of its business lines returned to growth and the company said it saw "a remarkable increase" in ready-to-wear and accessories, as well as watches and other categories.
Sales at Kering rose by 26% in the first quarter of 2021, led by a strong rebound for its star label Gucci, with growth in Asia and the United States more than offsetting new coronavirus lockdowns in much of Europe.
Cosmetics specialist Warpaint London, the listed company that’s no relation to men’s make-up firm War Paint, said Tuesday that Q1 trading has continued the strength it saw in the second half of last year.