Businessoffashion

Luxury Sector Faces More Gloom as Bain Cuts Sales Forecast

Consultancy Bain & Co forecast global sales of luxury goods to fall between 2 an...

Saks Bond Suffers $1 Billion Loss Before a Single Payme...

Saks Global is now seeking even more money to shore up finances while bondholder...

Ferragamo’s Revenues Fell 1% in First Quarter, Dragged ...

The luxury group, currently without a CEO, missed analyst expectations.

MAC Cosmetics Names Nicola Formichetti Global Creative ...

Known for his creative work with Lady Gaga and Diesel, the multi-hyphenate creat...

Mytheresa Reports Slower Sales Growth

The German e-tailer’s ability to outperform a broader luxury slump was challenge...

Drunk Elephant Was Never for Kids

The clean beauty brand has faced significant challenges in the years since it wa...

US Tax Bill to End Duty-Free Imports of Cheap Foreign G...

The provision would put into law and expand an executive order that came into fo...

Sea Profit Tops Estimates as Online Shoppers Keep Spending

Sea Ltd.’s first-quarter profit exceeded analysts’ predictions, indicating its r...

Burberry Cuts Jobs as Full-Year Profit Swings to Loss

Sales fell 6 percent in the first three months of 2025, suggesting that the bran...

Mexican Beauty Brands Seize The Moment

Brands founded in Mexico were already riding a wave of national pride, as more c...

Sustainability Takes a Back Seat, Even at Sustainable F...

In a challenging market, a generation of brands that helped pioneer 'sustainable...

The Independents Acquires Terminal 9 Studios

The Paris-based documentary production company is The Independents’ second acqui...

American Eagle Withdraws Annual Targets, Writes Down Sp...

Following the forecast withdrawal, shares of the apparel maker slumped 10 percen...

Kering Facing Drop in US Consumption, CEO says

The Gucci owner’s chief executive Francois-Henri Pinault said, ‘The drop in cons...

Kohl’s Is Looking to Refinance Just as It Searches for ...

The department store company plans to sell $360 million of junk bonds to raise c...

L’Oréal Is Selling $1 Billion of Bonds in US Market Debut

The sale marks the cosmetics conglomerate’s first time borrowing in the US corpo...

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