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Best USA Business Magazine 2024
LuxExperience has reported Q3 results for its legacy Mytheresa business and said it saw a “solid” net sales rise of almost 4% plus “continued strong adjusted EBITDA profitability at a 4% margin”. MYTHERESA Q3 of FY25 covers the three months to the end of March and the company said it saw the growth despite a […]
Read MoreThis Tuesday, the Parisian marque kicked off the European cruise season with a smart show staged on Lake Como at the mythical Villa d’Este hotel. No designer took a bow, but the lakeside show was crammed with jewel-bedecked VICs flown in from over a score of countries – testifying to Chanel’s near intoxicating power with […]
Read MoreChanel kicked off the international cruise season with an elegantly staged show Tuesday evening at Villa D’Este that was a telling expression of founder Coco’s long-time love of the Italian peninsula. Chanel cruise 2025 collection in Lake Como – Courtesy Specifically referencing Coco’s great friendship with master filmmaker Luchino Visconti, whose noble family once owned […]
Read MoreBy Reuters Published April 23, 2025 The crisis at Kering‘s flagship Gucci label deepened in the first quarter, the company said on Wednesday as it reported sales below market expectations amid a worsening economic environment. See catwalkGucci – Fall-Winter2025 – 2026 – Womenswear – Italie – Milan – ©Launchmetrics/spotlight Kering’s results, marked by a 14% […]
Read MoreBy Bloomberg Published April 13, 2025 For decades, the fiercely independent Prada SpA Chairman Patrizio Bertelli talked about the need for Italian fashion houses to acquire size and scale to take on sprawling industry behemoths like LVMH and Kering SA and also avoid being gobbled up by them. See catwalkVersace – Fall-Winter2025 – 2026 – […]
Read MoreDarshan Mehta, former managing director and CEO of Reliance Brands Limited, passed away on April 9 to an outpouring from the retail industry. The executive had joined Reliance Brands at its inception in 2007 and led the company for over 17 years. Darshan Mehta was a well known name in Indian retail – Raghavendra Rao- […]
Read MoreBy Bloomberg Published Feb 9, 2024 Investors are looking for the next turnaround story in luxury. Gucci-owner Kering SA seems like a good fit. See catwalkGucci – Fall-Winter2024 – 2025 – Menswear – Italie – Milan – ©Launchmetrics/spotlight But with the company warning on Thursday that investing in its brands will mean a decline in operating […]
Read MoreOn the occasion of the publication of its annual results, Kering lifted the veil on the strategy undertaken for its beauty division. Fragrances will be the first category to be developed, positioned in the very high-end segment, with the launch in the second half of 2024 of a first fragrance for Bottega Veneta, followed by […]
Read MoreBy AFP Published Feb 8, 2024 Luxury group Kering announced on Thursday that net profit would fall by 17% in 2023, to €2.98 billion, and that sales would fall by 4% to €19.57 billion, as the group restructures its flagship brand Gucci. See catwalkGucci – Fall-Winter2024 – 2025 – Menswear – Italie – Milan – […]
Read MoreBy Reuters API Published Feb 7, 2024 Investors will be looking to see if Gucci‘s new creative director Sabato de Sarno can move the needle on the company’s financial performance when its owner Kering reports full-year earnings on Thursday. Gucci’s sales have lagged rivals such as LVMH-owned Louis Vuitton and Dior in recent years, prompting […]
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