headlines
Ervér makes good start at H&M Group as Q1 looks stronger
H&M Group released its first set of results under the leadership of CEO Daniel Ervér on Wednesday and he seems to have got off to a good start because while Q1 saw net sales down, profit rose.
Fashion
Retail
Tod's investor calls for L Catterton to raise buyout offer
Tod investor Tabor Asset Management has published an open letter calling for an increase in the price offered by L Catterton to buy 36% of the Italian luxury shoemaker, saying the price of 43 euros per share is unfair.
Luxury
Business
Slowear CEO Piero Braga on considered growth and building women’s offerings
As it steadily evolves, the Venice-based brand is introducing the American market to its female-targeted product.
Fashion
Business
Marcolin tops €550 million revenue mark
Fiscal 2023 was highly positive for the Italian eyewear producer, with net sales of €558.3 million, up by 2% at current exchange rates and by 3.8% at constant rates, while adjusted EBITDA rose by 27.9% to €78.1 million.
Fashion
Business
Nike rises after sales beat on strength in US, China
Nike Inc. reported sales that were stronger than anticipated as the company ramps up a multiyear cost-cutting plan in the face of weaker demand for its sneakers and apparel.
Fashion
Business
The latest news
headlines
Ervér makes good start at H&M Group as Q1 looks stronger
H&M Group released its first set of results under the leadership of CEO Daniel Ervér on Wednesday and he seems to have got off to a good start because while Q1 saw net sales down, profit rose.
Fashion
Retail
Tod's investor calls for L Catterton to raise buyout offer
Tod investor Tabor Asset Management has published an open letter calling for an increase in the price offered by L Catterton to buy 36% of the Italian luxury shoemaker, saying the price of 43 euros per share is unfair.
Luxury
Business
Slowear CEO Piero Braga on considered growth and building women’s offerings
As it steadily evolves, the Venice-based brand is introducing the American market to its female-targeted product.
Fashion
Business
Marcolin tops €550 million revenue mark
Fiscal 2023 was highly positive for the Italian eyewear producer, with net sales of €558.3 million, up by 2% at current exchange rates and by 3.8% at constant rates, while adjusted EBITDA rose by 27.9% to €78.1 million.
Fashion
Business
Nike rises after sales beat on strength in US, China
Nike Inc. reported sales that were stronger than anticipated as the company ramps up a multiyear cost-cutting plan in the face of weaker demand for its sneakers and apparel.
Fashion
Business
Business
Quiz CEO steps down but stays as non-exec as sales growth still elusive
Struggling womenswear retailer Quiz announced some big changes on Thursday following a strategic review, with its CEO stepping down, its commercial chief stepping up and its Chairman taking a more active role.
Fashion
Business
Amazon's senior employees may not get a cash pay raise this year
Amazon.com Inc said on Wednesday its senior employees, whose compensation includes more stock-related awards than cash, may not receive a cash pay raise this year.
Fashion
Business
Russia's Alrosa agrees to sell some production to the state
Russia's finance ministry has agreed with sanctions-hit diamond producer Alrosa to purchase part of the company's production in 2024, a source familiar with the matter said on Wednesday.
Luxury
Industry
Revolution Beauty update shows good progress
Revolution Beauty upgraded its guidance on Wednesday with the beauty group that has faced some major challenges in the past couple of years saying it has continued to deliver a strong operational performance.
Beauty
Business
Trade shows
Pitti Immagine launches the Be Cycle show on the world of bicycles
The organiser of the Pitti Uomo trade fair is diversifying with a new event dedicated to cycling. Called 'Be Cycle', it will be held in Florence from June 26 to 28 at the Leopolda station.
Fashion
Trade shows
La Plage trade show returns to Miami, expands to LA
My Fashion Agent, the producer behind the boutique concept trade show La Plage Miami, has announced the launch of its first-ever edition in Los Angeles.
Fashion
Trade shows
Shanghai’s big textile trade shows open on cautiously optimistic note
The Intertextile show, with 3,000 fabric producers exhibiting, and the Chic show, with its 1,200 apparel manufacturers, kicked off on March 6 amidst hopes of renewed growth in Western and Chinese demand.
Fashion
Trade shows
Spring and Autumn Fairs form advisory board to develop and grow events
UK trade shows Spring & Autumn Fair have created a new Advisory Board “to drive the continuous enhancement of the two shows and ensure that UK retail has a thriving marketplace in which to do business”.
Fashion
Industry