Procter & Gamble Co. cut its annual sales and profit outlook, citing tariffs and volatility in consumer demand. The maker of Tide detergent expects organic …
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L’Oréal Sales Rise Despite Challenging US Market
L’Oreal reported a 3.5 percent rise in like-for-like first-quarter sales on Thursday, beating expectations for slower growth, as strong demand for its face creams and …
Hermès Market Value Surpasses LVMH, Which Once Tried to Buy It
Hermès’s market capitalisation surpassed that of rival LVMH, the conglomerate which once tried to buy the maker of the coveted Birkin bag in a stealth …
Global Market Rout Darkens Outlook for European Luxury Labels
Growing fears that Donald Trump’s tariff blitz will plunge the world into recession are dashing hopes in the $400-billion-a-year luxury industry that wealthy Americans might …
Inside Algeria’s Enigmatic Fashion Market
Despite being an enigma to most western business leaders, Algeria has attracted several major fashion brands to its shores following a long period of international …
Can Breitling Revitalise Watchmaking’s Troubled Middle Market?
It’s been a busy seven days for Breitling. Last week, the brand announced it had acquired dormant brand Gallet with plans to use it to …
In a Market of Copycats, Handbag Innovators Stand Out
Innovation in the handbag space is rare – but when it’s done well, it can rebirth and solidify a brand’s relevance. Luxury handbags are more …
Used Clothes Pile Up as Ghana’s Kantamanto Market Struggles to Rebuild After Fire
It was a blaze that left two people dead and destroyed the fabric of one of the world’s largest secondhand clothes markets. It also wiped …
TikTok Grabs Market Share From Shein Despite Looming Risks
TikTok Shop, the Bytedance Ltd.-owned social media giant’s e-commerce feature, saw its sales outdo competition in the US just before President Donald Trump’s disruptive trade …
The Debrief | Fashion’s M&A Market is Heating Up
The author has shared a Podcast.You will need to accept and consent to the use of cookies and similar technologies by our third-party partners (including: …
Piaget’s CEO on Powering Growth in a Challenging Watch Market
Opens in new window In 2024, the value of Swiss watch exports slipped after two years of record sales in 2022 and 2023. Brands battled …
Richemont’s Market Cap Surpasses CHF100 Billion
Swiss luxury conglomerate Richemont’s stock market value surpassed 100 billion Swiss francs ($110 billion) for the first time, bolstered by the appeal of its blockbuster …
Primark-Owner ABF Cuts Guidance on Tough UK Retail Market
Associated British Foods Plc cut guidance for sales growth at its Primark discount fashion retailer, blaming weak UK consumer sentiment. The British conglomerate, which also …
Fire Devastates Ghana’s Kantamanto Used Clothing Market
A huge fire swept through Ghana’s Kantamanto used clothing market late Wednesday, destroying over 100 shops and causing thousands of dollars in damage, according to …
The Best of BoF 2024: Designer Reboots and a Rocky Market
Luxury brands found themselves under pressure this year. Shifting priorities, slowing economies — particularly in China — fatigue with luxury brands and frustration with soaring …
L Catterton: Finding Value in a Tough Market
Opens in new window How consumers spend their money is a topic Nikhil Thukral and L Catterton watch closely. The large, consumer-focused private equity fund, …
Is the Luxury Watch Market Turning a Corner?
Luxury watch enthusiasts are hoping that a two-year stretch of plunging prices and sagging demand is nearing an end. Hard evidence for a rebound is …
The Indie Beauty Brands Transforming Africa’s Hair Care Market
Indie hair care brands have their sights set on Africa’s beauty market. A wave of brands, including those founded by hair stylists Sam McKnight and …
Temu Owner PDD’s Sales Slow Sharply After China Market Sputters
PDD Holdings Inc.’s shares plunged after warning that its profitability will trend downward over time because of intensifying competition in its home market of China. …
Hims Drops Most Ever as Amazon Enters Hair-Loss Drug Market
Hims & Hers Health Inc. shares dropped the most in their five-year history after Amazon said it would start marketing drugs to fight hair loss, …