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Procter & Gamble Co. organic sales surpassed estimates on higher volume, a change from earlier quarters where most of the company’s growth came from price hikes. Organic sales rose 3 percent in the three months ended Dec. 31, P&G said Wednesday, the biggest increase in three quarters. Most of that was due to higher volume,…
Puma shares slid 18 percent on Thursday after the German sportswear brand reported lower than expected fourth-quarter sales and a decline in annual profit, raising questions about its ability to compete against bigger rivals Adidas and Nike. The weak results late on Wednesday came after Adidas reported strong sales and profitability, highlighting the work Puma…
The Oscars will go on as planned in March, though with special accommodations to acknowledge to devastating wildfires in Los Angeles, according to a new update from the Academy of Motion Picture Arts and Sciences. A letter from the CEO, Bill Kramer, and president Janet Yang, sent to all members on Wednesday, confirmed that the…
For a growing number of European and Asian fashion brands, America is the land of opportunity. A host of international retail giants are aggressively expanding their US footprints, with combined plans to open hundreds of stores in dozens of states in the next few years, according to a BoF analysis. Spanish retailer Mango opened 42…
Luxury skincare brand 111Skin has received a “significant” minority investment from SKKY Partners, the consumer-focused private equity firm co-founded by Kim Kardashian and Jay Sammons, the former head of consumer at private equity giant Carlyle Group, The Business of Beauty can exclusively reveal. The investment will help the skincare brand expand its direct-to-consumer business as…
Ami — the 14 year-old French brand known for its mix of heart-emblazoned sweaters and more discreet, well-cut wardrobe pieces — has grown its sales ten-fold in 4 years to more than €300 million ($312 million). Leveraging a network of 75 stores and 700 points of sale in over 100 countries, Ami has won over…
PARIS — It’s two days before showtime and the team at Issey Miyake’s Place des Vosges showroom is calm. You almost wouldn’t know it, but big change is coming to the brand’s men’s runway this season: despite its current influence (see the plethora of imitations on the high street), it’s not the Homme Plissé line…
Mayhoola for Investments has named former Chloé chief executive Riccardo Bellini as managing director. In the newly created role, Bellini will work closely with Mayhoola’s chairman and CEO Rachid Mohamed Rachid to oversee strategy, operations, and development of the luxury group’s portfolio. Prior to joining Mayhoola, Bellini held CEO positions at OTB’s Maison Margiela (working…
In his first week in office President Trump has made good on his threats to dismantle diversity, equity and inclusion programmes — not just in the federal government but also in the private sector. In less than 48 hours, the newly inaugurated US president has signed a series of executive orders aimed at ending DEI…
Upon hearing Donald Trump’s tariff threats against China and other countries late last year, Tikki Singleton wasted no time conferring with her peers. “I straight away got on the phone to everyone I knew at every brand [and discovered that] most of them are looking at diversifying away from China on [whatever product] categories they…