L Catterton acquires a majority stake in Kiko Milano
By Reuters Translated by Cassidy STEPHENS Published Apr 26, 2024 Private equity firm L Catterton has announced that it is acquiring a majority stake in family-owned Kiko Milano, in a…
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Skechers posts another record-breaking quarter on international, D2C sales
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…
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Columbia Sportswear sales decline 6% in Q1
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…
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why is Burberry a possible takeover target?
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 –…
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Kering shareholders approve three new board members
By Reuters API Published Apr 25, 2024 Shareholders of French luxury group Kering approved three new appointments to the board on Thursday, after the departure of members including long-time executive…
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China, France post weak results in Q1
Translated by Nicola Mira Published Apr 25, 2024 The SMCP group has announced in its new strategic plan that it wants its international business to take advantage of prevailing global…
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Interparfums reports slight revenue drop in Q1, confirms annual guidance
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…
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Hugo Boss sells Russian business
Hugo Boss is now finally parting with its Russian business. As reported by the Handelsblatt newspaper, Stockmann JSC, Metzinger’s long-standing wholesale partner, is taking over the business on the Russian…
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Spanish beauty billionaires seek IPO to ward off succession drama
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…
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Sofía Arribas, founder of Sophie et Voilà, on celebrating craftsmanship and expanding horizons
Translated by Roberta HERRERA Published Apr 25, 2024 Founded in 2008 by Sofía Arribas, Sophie et Voilà has emerged as a pivotal design house within the national landscape. Anchored firmly…
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