Sales at Italian luxury group Brunello Cucinelli rose 33 percent at constant exchange rates in the first quarter, driven by strong growth in the Americas …
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Growth
Kering Sets Goal to Decouple Growth From Climate Impact
In February, Kering chief executive François-Henri Pinault told investors that the delicate balancing act the French luxury group has tried to perform between furthering its …
Cucinelli Raises Sales Growth Forecast for 2023
Italian luxury group Brunello Cucinelli on Wednesday raised its sales growth guidance for 2023 to 15 percent, up from its previous estimate of 12 percent, …
Brazilian Footwear Major Arezzo & Co Reports Strong 2022 Revenue Growth
The footwear and accessories conglomerate recorded full year 2022 gross revenues of 5.2 billion reais ($1.01 billion), a 43.5 percent increase from the previous year. …
Shiseido’s Announces New Growth Strategy, Sees Fiscal Year Profits Fall
The beauty company reported on Friday that full-year sales grew by 5.7 percent for the fiscal year ended Dec. 31, to approximately 1.07 trillion yen, …
At CIFF, Future-Facing Tech Informs Growth
Last week, the Copenhagen International Fashion Fair (CIFF) — one of Europe’s longest-running and most established tradeshows — returned for a celebratory 60th season. For …
Aditya Birla Fashion and Retail Records Declining Profits Amid Sales Growth
The Indian fashion conglomerate reported sales growth of 20 percent to 3589 crore rupees ($435 million) for the quarter ended December 30, largely driven by …
Shein’s Years of Explosive Growth Are Over. What’s Next?
Between 2019 and 2021, Shein quadrupled sales, and at one point last spring, commanded a $100 billion valuation in a funding round, more than the …
JD Sports Lifts Outlook After 20 Percent Christmas Revenue Growth
JD Sports expects young shoppers not yet saddled with household bills to defy the economic gloom and keep buying Nike trainers and other sportswear, after …
LVMH, Richemont Set to Benefit From Middle East’s Fast Growth
The Middle East is expected to become one of the fastest growing markets for luxury in 2023, according to Barclays Plc analysts, with the owners …
Hyper Growth Is Over for Sneakers. What’s Next?
Last year, the sneaker market finally ran out of steam. Bloated inventories, declining sales in China and a high-profile fallout with a controversial celebrity ambassador …
Capturing Fashion’s Growth Potential in the Middle East
When scanning the globe to identify growth opportunities in the year ahead, most fashion executives responding to the BoF-McKinsey State of Fashion 2023 Survey cited …
Cucinelli Sees 28% Sales Growth This Year, Strong Demand in 2023
Italian fashion group Brunello Cucinelli on Tuesday raised its sales guidance for 2022 for the third time this year, saying that demand for luxury goods …
P&G Won’t Rely on Acquisitions to Drive Growth, CEO Says
Procter & Gamble Co. isn’t planning to rely on acquisitions to drive growth, Chief Executive Officer Jon Moeller said. Higher financing costs and lofty expectations …
The BoF Podcast: Millard Drexler on Why ‘Growth Is the Enemy’
To subscribe to the BoF Podcast, please follow this link. LONDON, United Kingdom — “There are too many choices,” said retail legend Millard Drexler in …
TikTok Is Calling This Oil ‘Magic In A Bottle’ When It Comes To Hair Growth
Image Credit: New Africa/Adobe If you purchase an independently reviewed product or service through a link on our website, we may receive an affiliate commission. …
LVMH Beats Estimates, Blames Tourist Shopping for Slowing US Growth
LVMH’s third quarter revenues rose 20 percent on an organic basis to €19.8 billion ($19.3 billion). The group’s fashion and leather goods division, including profit …
How AR Strategies Can Drive Growth in Fashion & Beauty
By 2025, virtual and augmented reality is expected to become an $80 billion market, according to the Goldman Sachs Technology Research Group. The blending of …
Klarna Plans to Cut Staff, Growth Plans After Losses Mount
Klarna Bank AB, months after announcing major job cuts and taking a $39 billion hit to its valuation, is planning to restructure parts of its …
Ralph Lauren Sees Faster Growth on Pricing, New Customers
Ralph Lauren Corp. is targeting sales growth over the next three years that’s faster than Wall Street’s estimates, with the fashion brand aiming to pick up new …