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Best USA Business Magazine 2024
Richemont — the owner of Chloé, Alaïa, Dunhill, Cartier and more — revealed its full-year figures on Friday saying the 12 months to the end of March saw a “robust” performance. But while there was good news, there were also some negative figures in the report. See catwalkChloe – Spring-Summer2025 – Womenswear – France – […]
Read MoreBy Bloomberg Published April 15, 2025 The mini bling boom since the turn of the year is well and truly over. On Monday, LVMH reported first-quarter sales that missed expectations. No division generated growth. Each one underwhelmed. The crucial fashion and leather goods unit reported a 5% decline in sales, excluding currency movements, far below the 0.6% slide […]
Read MoreBy Reuters API Published Feb 8, 2024 Ralph Lauren topped Wall Street expectations for revenue on Thursday in its 12th straight quarterly beat, powered by steady demand from wealthier U.S. shoppers for its expensive sweaters and shirts coupled with a strong rebound in China. Shares of the company jumped about 6% in premarket trading. Despite […]
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 […]
Read MoreBernard Arnault used to be known for buying luxury brands. Now, his favorite pastime is snapping up buildings – the latest of which is a historic Paris mansion near the Opera Garnier. Hotel Soltykoff, Paris Luxury behemoth LVMH, where Arnault is chairman, CEO and controlling shareholder, acquired the Hotel Soltykoff at 10 rue Volney, located […]
Read MoreBy Reuters Published Feb 2, 2024 Canada Goose Holdings forecast fourth-quarter revenue above analysts’ estimates on Thursday, as the luxury goods maker bets on a sharp rebound in crucial market China to help ride out a slowdown in the U.S. Canada Goose Shares of the company, whose luxury parkas retail for over $1,000, jumped 10% […]
Read MoreBy Bloomberg Published Feb 1, 2024 The wolf is licking its lips. The prey is not wearing a red hooded cape, but Van Cleef Arpels jewelry. Van Cleef & Arpels – Facebook Van Cleef & Arpels Bernard Arnault, the founder and chief executive officer of LVMH who’s known as the “wolf in cashmere,” last week sang […]
Read MoreTranslated by Roberta HERRERA Published Feb 1, 2024 Leveraging cutting-edge technology, Diesel has achieved a “substantial decrease in the number of counterfeit Diesel products” in the market. The renowned denim label under the Italian fashion powerhouse, OTB, has been vigilantly monitoring the market in this ongoing fight against counterfeiting, and the results have been nothing […]
Read MoreTranslated by Nicola Mira Published Jan 31, 2024 Véronique Gautier, global president of Armani Beauty since 2010, has announced she is stepping down from the role and leaving the L’Oréal Group, which has held the Italian label’s beauty products’ licence since 1988. The Acqua di Gio Absolu perfume – DR “Time has come to say […]
Read MoreTranslated by Nicola Mira Published Jan 29, 2024 Last Thursday, a few seconds after 6 pm CET, as soon as trading at the Paris Stock Exchange closed for the day, luxury tycoon Bernard Arnault took to the conference room stage at the LVMH group’s headquarters in Paris, at 50 Avenue Montaigne. FNW/DM Arnault, who took […]
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