Latest Articles in Report

Laure de Metz joins Henry Rose as CEO

Henry Rose, a genderless fine fragrance brand founded by Michelle Pfeiffer, has announced the appointment of Laure de Metz as its chief executive officer. Since launching as a direct-to-consumer brand in 2019, the company said, Henry Rose has experienced exponential growth under the leadership of Debi Theis, who will continue in her current role...

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Marcolin improves profitability in Q1

In the first three months of 2024, Marcolin reported adjusted EBITDA of 25.7 million euros, up by 8.5 percent, while net profit amounted to 7.3 million euros, increasing over 7 percent. The group’s net sales of 145.6 million euros, decreased 4.4 percent or 3.8 percent at constant exchange rates compared to the previous year. On a like-for-like...

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Coach parent Tapestry posts Q3 revenues of 1.48 billion dollars

Tapestry’s third quarter net sales declined 2 percent to 1.48 billion dollars. Gross profit totaled 1.11 billion dollars, while gross margin was 74.7 percent. For fiscal 2024, the company forecasts revenue of over 6.6 billion dollars, approximately in-line with prior year on a reported basis and representing growth of approximately 1 percent on...

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Estée Lauder names Shane Wolf as president global brands Aveda, Bumble and bumble

The Estée Lauder Companies has appointed Shane Wolf as president, global brands, Aveda and Bumble and Bumble, effective July 1, 2024. Wolf, the company said, will report to Jane Hertzmark Hudis, executive group president, The Estée Lauder Companies, and join the company’s executive leadership team. The company added that with more than 25...

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Warby Parker's revenues increase by 16.3 percent

For the first quarter, Warby Parker's net revenue increased 28 million dollars or 16.3 percent to 200 million dollars. GAAP net loss for the quarter was 2.7 million dollars, gross margin increased 1.6 points to 56.7 percent, while adjusted EBITDA reached 22.4 million dollars and adjusted EBITDA margin was 11.2 percent. The company opened eight...

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Cocoon Club names new chief executive

Cocoon Club, the luxury handbag membership business, has named Kate Rand, previously chief operating officer at Threads Styling, as its new chief operating officer. Rand, who has a track record of building and scaling growth businesses and experience in social commerce, succeeds Ceanne Fernandes-Wong, who co-founded Cocoon Club with Matt Heiman...

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Safilo sales hit by North America, lower Jimmy Choo sales

In the first quarter, Safilo's net sales amounted to 277.2 million euros, down 1.8 percent at constant exchange rates and 3.5 percent at current exchange rates influenced by the reduction in sales of Jimmy Choo. The company said in a statement that the other main drivers of the period were the weak performance of North America and the temporary...

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Shopify reports strong first quarter

Shopify’s first quarter gross merchandise volume (GMV) increased 23 percent to 60.9 billion dollars. Revenue also increased 23 percent to 1.9 billion dollars, translating into year-over-year growth of 29 percent after adjusting for the sale of logistics businesses. “Our outstanding Q1 performance is clear proof of our dedication to the new shape...

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Delta Apparel Q2 loss widens

Second quarter net sales at Delta Apparel decreased to 78.9 million dollars. Salt Life Group segment net sales declined to 15.5 million dollars compared to the prior year period, while net sales in the Delta Group segment declined to 63.4 million dollars. Gross margins for the quarter were 4.3 percent compared to 14.7 percent in the prior year...

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Burberry wins trademark infringement case in China

British heritage fashion house Burberry has been awarded six million renminbi (675,668 pounds) in damages in a Chinese trademark infringement case. Lusheng, a Chinese law firm and patent agency specialising in multinational intellectual property, helped Burberry win the significant trademark infringement case against Chinese company Xinboli...

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Mister Spex acheives Q1 sales growth of 2 percent

Omnichannel optician Mister Spex reported a 2 percent growth in the first quarter achieving sales of 51.1 million euros. The company said that the development in the key product categories was impacted by an earlier Easter, which negatively affected the number of working days and therefore, the production of prescription glasses. Commenting on...

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Lenzing's Q1 revenues improve by 5.7 percent

The Lenzing Group’s revenue rose by 5.7 percent to 658.4 million euros in the first quarter of 2024 driven by higher fibre sales volumes. The company said in a release that EBITDA for the quarter more than doubled to 71.4 million euros, while EBIT was slightly positive at 1.5 million euros compared with minus 41.4 million euros in the first...