L’Oreal posts rise in sales despite challenging US market

By Reuters Published April 17, 2025 L’Oreal reported a 3.5% rise in like-for-like first-quarter sales on Thursday, beating expectations for slower growth, as strong demand for its face creams and perfume in Europe helped counter challenging conditions in the United States. Maybelline The French cosmetics group, which owns Maybelline makeup and Kiehl’s skincare, reported sales […]

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Billionaire Prada clan succession plan bolstered by Versace deal

By 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 – […]

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Former Reliance Brands CEO and managing director Darshan Mehta passes away

Darshan 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- […]

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Mytheresa launches immersive shopping experience for Apple Vision Pro

Global luxury e-commerce platform Mytheresa has positioned itself amongst the first luxury platforms to design a shopping app for Apple Vision Pro, with the launch of its exclusive visionOS app this month.  Mytheresa launches immersive shopping experience for Apple Vision Pro. – Mytheresa The Mytheresa app, created in collaboration with Obsess, a leading immersive shopping […]

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Kering’s Gucci can be revived but it won’t go viral

By 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 […]

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Valentino opens flagship store in Mumbai

Italian luxury clothing and accessories brand Valentino has opened a flagship store in Mumbai’s Jio World Plaza mall. The boutique launched in partnership with Reliance Brands Limited and focuses on the label’s womenswear, menswear, and handbags.  Valentino’s Mumbai flagship store is now open to the public – Reliance Brands Limited- Facebook “A haven of unparalleled luxury,” […]

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Gucci’s new designer in focus as Kering plots future growth

By 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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Has Arnault launched the mating dance of the bling kings?

By 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 […]

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A promising line-up for February Fashion Week with the return of Vetements

Translated by Cassidy STEPHENS Published Jan 30, 2024 The Chambre Syndicale de la Mode Féminine is unveiling the line-up of its next Fashion Week. The Fashion Week, dedicated to women’s ready-to-wear collections for autumn/winter 2024/25, will be held from February 26 to March 5, with 71 shows and 38 presentations and a total of 109 […]

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Luxury market “a game for the big players,” says president of Valentino and Balmain

By AFP Translated by Nicola Mira Published Jan 26, 2024 Faced with weakening demand, the luxury goods market is increasingly becoming “a game for the big players,” said Rachid Mohamed Rachid, head of Qatari investment fund Mayhoola and president of Valentino and Balmain, speaking to AFP in Paris on Wednesday, during fashion week. Mohamed Rachid […]

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