Adidas slumps as weak profit forecast follows currency hit

[ad_1] By Bloomberg Published Feb 1, 2024 Adidas AG slumped after the German sports apparel maker said negative currency movements mean its profit this year will be less than half of what analysts were expecting. Reuters Operating profit should be around €500 million ($542 million) in 2024, Adidas said late Wednesday. That’s below the average […]

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L’Occitane still driven by booming Sol de Janeiro in first nine months of fiscal 2023-24

[ad_1] Translated by Nicola Mira Published Feb 1, 2024 Cosmetics group L’Occitane, whose brand portfolio includes among others L’Occitane en Provence, Melvita and Sol de Janeiro, recorded sales worth €1.9 billion in the first nine months of its non-standard 2023-24 fiscal year, closed on December 3 2023. The result was equivalent to an 18.9% increase […]

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Beauty and accessories brand Misbu to enter North Indian market with Gurugram store

[ad_1] Tata Group’s Gen Z focused beauty and accessories brand Misbu plans to enter the North Indian brick-and-mortar market by opening a 2,500 square foot outlet in Gurugram. The store will enable the brand to connect with new customers who can try out its products in person.  A look from Misbu’s new ‘Brand New You’ […]

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Crocs reopens Calicut store in Hilite Mall

[ad_1] Footwear brand Crocs has relaunched its exclusive brand outlet in Calicut (Kozhikode) inside the city’s Hilite Mall. The store features a wide range of sandals for men, women, and children.  Crocs’ relaunched store in Hilite Mall – Hilite Mall- Facebook “Rediscover comfort with the relaunched Crocs showroom at Hilite Mall – a fresh look […]

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Manzanita Capital acquires D.S. & Durga

[ad_1] London-based Manzanita Capital has acquired a majority stake in U.S. perfumer D.S. & Durga. Terms of the deal were not disclosed.  D.S. & Durga ​Founded by David and Kavi Moltz in 2009, Brooklyn-based D.S & Durga has garnered a cult following since its inception 15 years ago, thanks to its niche scents and the playful branding […]

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Adidas predicts 2024 leap in operating profit after Kanye West break-up

[ad_1] By Reuters API Published Feb 1, 2024 German sportswear maker Adidas expects operating profit to nearly double to about 500 million euro ($542.3 million) this year after the company’s break-up with Kanye West and the discontinuation of its Yeezy business. Reuters Adidas booked an operating profit of 268 million euros in 2023, according to […]

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Athleisure brand Ikasu enters Indian market

[ad_1] Ikasu, an UAE-based athleisure brand founded by entrepreneur Karima Karmouzi has entered the Indian market with the launch of its product range. Athleisure brand Ikasu enters Indian market – Ikasu The product range includes leggings, sports bras, t-shirts, outerwear, shorts, skirts, and jumpsuits along with accessories such as yoga mats, fitness gear, and pilates […]

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Shilpa Shetty Kundra launches kidswear brand Zip Zap Zoop

[ad_1] Actor Shilpa Shetty Kundra has collaborated with fashion consultant Ashmika Sadh to launch kidswear brand ‘Zip Zap Zoop’ marking her entry into kids’ clothing space. Shilpa Shetty Kundra launches kidswear brand Zip Zap Zoop – Zip Zap Zoop The brand will offer sustainable clothing line for kids and teenagers. The brand claims that 80 […]

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