Shared from Business of Fashion The cosmetic giant’s net sales were up 12.4 percent year-on-year in 2021, and EBITDA, or earnings before interest, taxes, depreciation and amortisation, rose 141.7 percent, to 172.56 billion yen ($1.5 […]
Shared from Business of Fashion The South Korean company, a subsidiary of Amorepacific Group, reported a net profit of 180.9 billion won ($151.2 million) in 2021, a year-on-year rise of 727.7 percent. Revenue grew 9.7 […]
Shared from Business of Fashion The online sale of 200 pairs of sneakers brought in a total of $25.3 million, Sotheby’s said, with most pairs selling for more than $100,000. One pair in size five […]
Shared from Business of Fashion The Italian fashion group, which owns Maison Margiela, Diesel and Jil Sander, among others, saw net sales reach just south of €1.5 billion ($1.71 billion) in 2021, up 18 percent […]
Shared from Business of Fashion DotDash Meredith, whose parent, media group IAC, is chaired by Fox and USA Broadcasting Companies founder Barry Diller, announced it was shutting down the print editions of six magazines, including InStyle and Entertainment […]
Shared from The Verge – Entertainments Microsoft has long argued that its Xbox store should be treated differently than the app store ecosystem around PCs or phones. The software giant takes a 30 percent cut […]
Shared from Business of Fashion KEY INSIGHTS Estée Lauder has made a minority investment in Haeckels, a UK-based beauty brand that sells hair, skin and fragrance products made from natural ingredients like coffee and seaweed. […]
Shared from Business of Fashion The retail behemoth saw $80.7 million in consolidated net profit for the period that ended Dec. 31 – an increase of $54.4 million year-on-year. That improvement helped convert a full-year […]
Shared from Business of Fashion KEY INSIGHTS Menswear rental companies Seasons and The Rotation both shuttered recently. Most established players like Rent the Runway are struggling to reach profitability as logistics costs remain high. Newer […]
Shared from Business of Fashion Despite concerns about a potential military escalation between Russia and Ukraine amid growing US-Russia friction the 25th anniversary edition went ahead without disruption. The official schedule of the four-day event, […]
Shared from Business of Fashion During VOICES 2019, performance artist and designer Alok Vaid-Menon urged the fashion industry to ‘de-gender’ itself and reframe its definition of beauty. At this year’s edition of VOICES, BoF’s first […]
Shared from Business of Fashion CoverGirl cosmetics maker Coty Inc said on Tuesday it would withdraw from the planned initial public offering of its Brazilian unit, blaming adverse financial market conditions in the South American […]
Shared from Business of Fashion KEY INSIGHTS Hainan has cemented itself as an important domestic shopping hub over the pandemic thanks to duty-free retail and diverse tourist attractions. A change in regulations by 2025 will […]
Shared from Business of Fashion Selfridges’ sale for a lofty $5.4 billion suggests there is still life in the department store model. But how to grow in a shrinking category? Images and Article from Business […]
Shared from Business of Fashion CoverGirl parent Coty Inc posted quarterly revenue below estimates on Tuesday, as stringent Covid-19 curbs in some markets hurt demand for its high-end cosmetics and perfumes. Sales in Coty’s prestige […]
Shared from Business of Fashion Kim Kardashian West and Coty Inc. — which acquired a 20 percent stake in her KKW Beauty brand in June 2020 in a $200 million deal — are gearing up […]
Shared from Business of Fashion To subscribe to the BoF Podcast, please follow this link. Everybody is born into a script they didn’t write themselves, according to Janaya Future Khan. But activists like Khan seek […]
Shared from Business of Fashion This year, Balenciaga proved that building hype doesn’t have to come at the expense of timelessness — a common misconception, especially in fashion. Chunky dad sneakers and sweatshirts emblazoned with […]
Shared from Business of Fashion During VOICES 2019, performance artist and designer Alok Vaid-Menon urged the fashion industry to ‘de-gender’ itself and reframe its definition of beauty. At this year’s edition of VOICES, BoF’s first […]
Shared from Business of Fashion Spanish fashion retailer Tendam is considering launching an initial public offering in Madrid in a deal that would value the company at €2 billion ($2.28 billion), newspaper Cinco Dias reported […]