Puma shares fall on weaker-than-expected earnings forecast
By Bloomberg Published Jan 24, 2024 Puma SE fell as much as 8.4% after the German sports company said earnings this year will be weaker than expected, citing factors including…
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Sheep Inc enjoys “remarkable” revenue gains
While economic uncertainty and a mixed festive season have many businesses bracing for a challenging 2024, Sheep Inc says it’s not only “resisting the trend” but expects further strong growth…
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Interparfums reports record annual sales for fiscal 2023, expects margin above 19%
By AFP Translated by Nicola Mira Published Jan 24, 2024 For fiscal 2023, the Interparfums group has reported record sales of €798.5 million, up by 13% on an annual basis….
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Fortnum & Mason sales recover but challenges remain
Fortnum & Mason has filed its accounts for the year to last July with the luxury department store saying the financial period saw a recovery in sales. Turnover at its…
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Inter Parfums posts record-breaking sales to surpass $1.3 billion in 2023
New York-based Inter Parfums announced on Tuesday record-breaking annual sales in 2023, surpassing its prior guidance of $1.3 billion for the twelve months. Coach For the fourth quarter ending December…
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EBay to cut 1,000 Jobs, reduce contractors to sharpen focus
By Bloomberg Published Jan 24, 2024 EBay Inc. will cut about 1,000 jobs, or 9% of its full-time employees, and reduce work for its outside contractors, saying its staffing and…
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Sung Choi, founder of Clae sneakers, returns to the brand’s creative direction
It’s a long love affair between Sung Choi and the Clae brand. After founding the Clae sneaker brand in 2001 and leaving in 2017, Choi returns as its new creative…
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UK retail footfall suffers as Storm Isha hits footfall
As Storm Isha battered much of the UK on Sunday and Monday (21-22 January) it also took a severe toll on retail as footfall across all destinations fell 4.6% week-on-week…
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Procter & Gamble lowers its full-year profit forecast
By Reuters Published Jan 23, 2024 Procter & Gamble (P&G) cut its annual profit forecast sharply on Tuesday, as the positive effect of price rises faded and the group had…
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Fashion resale site Vestiaire Collective launches crowdfunding, eyes IPO in 2025
By Reuters API Published Jan 23, 2024 Second-hand fashion marketplace Vestiaire Collective launched a crowdfunding campaign on Tuesday to raise at least one million euros ($1.09 million) from individual investors…
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