Kering Beauté has appointed Alexandre Choueiri as the new president and chief executive officer for the Americas, signaling its commitment to the beauty market in the region. Kering Beauté names Alexandre Choueiri as president and CEO for the Americas – Balenciaga Choueiri is a seasoned industry veteran with over two decades of experience at L’Oréal, … Read more
Skechers U.S.A. Inc. announced on Thursday record sales of $2.25 billion, a 12.5% increase, for the first quarter, on the back of double-digit increases in international and direct-to-consumer sales, respectively. Skechers The Los Angeles-based footwear company quarterly sales increased thanks to a 15.2% increase in international sales, and a 7.8% increase domestically. Wholesale sales grew $127.1 million, or … Read more
By Reuters Published Apr 26, 2024 Walmart said on Thursday that Rob Walton would retire from the board of the big-box retailer at the end of his term on June 5. Archivo Walton, the eldest son of Walmart founder Sam Walton, served as the company’s chairman of the board of directors from 1992 to 2015, … Read more
Columbia Sportswear net sales decreased 6 percent to $770 million in the first quarter, on the back of lower wholesale revenues in the United States and Canada. Columbia Sportswear The Portland, Oregon-based company said the quarterly decline in sales was also driven by retailer cautiousness, a difficult competitive environment, and generally soft consumer demand in the North American … Read more
Translated by Roberta HERRERA Published Apr 25, 2024 Desigual is continuing to evolve its collaboration model. Following its recent partnership with Hillary Taymour, the creative force behind Collina Strada, Desigual is now collaborating with American designer Tyler McGillivary for the launch of a new collection, available now on its e-shop and in select stores. The … Read more
Burberry’s falling share price puts it in the sights of deep-pocketed groups seeking likely takeover targets, an analyst said this week. See catwalkBurberry – Fall-Winter2024 – 2025 – Womenswear – Londres – ©Launchmetrics/spotlight Although the company’s shares closed slightly higher on Thursday, they’re down over 18% this year and almost 56% in the past 12 … Read more
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More than five years after the death of fashion legend Karl Lagerfeld, the industry—and the world at large—is still in the process of assessing his legacy. Last year’s Met Gala was, of course, devoted to the German designer, who helmed Chanel, Fendi, and his own eponymous brand, and a big-screen adaptation of his life is … Read more
Translated by Nicola Mira Published Apr 25, 2024 In Q1 2024, French licensed perfume specialist Interparfums (whose portfolio includes the fragrances by Montblanc, Jimmy Choo, Coach and Lacoste) recorded a revenue of €212.7 million, compared to €214.6 million a year earlier. This was equivalent to a 1% downturn at current exchange rates, and was on … Read more
By Bloomberg Published Apr 25, 2024 Over four days of celebrations to mark its centenary in 2014, Spain’s biggest beauty products company inaugurated a new headquarters in Barcelona attended by the Iberian nation’s then Prince Felipe and threw a splashy party for more than 1,000 people at the world’s largest art nouveau complex. Nina Ricci But in a quieter yet more important … Read more
Twenty semifinalists have officially become eight in the race for the LVMH Prize for Young Designers. On April 23, the French luxury conglomerate announced the brands still in the running for its three prestigious awards: Aubero, Duran Lantink, Hodakova, Marie Adam-Leenaerdt, Niccolò Pasqualetti, Paolo Carzana, Pauline Dujancourt, and Standing Ground. Following a presentation of their … Read more
