The conflict in the Middle East is hurting duty-free and travel-retail sales for luxury and beauty groups like LVMH, Kering, Estée Lauder, and L’Oréal.
The conflict in the Middle East is hurting duty-free and travel-retail sales for luxury and beauty groups like LVMH, Kering, Estée Lauder, and L’Oréal.
Seven months into his tenure, Kering’s new CEO has stabilised the company’s finances, but his primary challenge remains reviving growth at flagship brand Gucci.
Seven months into his tenure, Kering’s new CEO has stabilised the company’s finances, but his primary challenge remains reviving growth at flagship brand Gucci.
The war in Iran is weighing on sales at malls in Dubai and Abu Dhabi, with a 30-50 percent drop in sales and 15 percent drop in footfall at the Mall of the Emirates in March, a source told Reuters. The larger Dubai Mall saw a 50 percent drop in traffic.
The war in Iran is weighing on sales at malls in Dubai and Abu Dhabi, with a 30-50 percent drop in sales and 15 percent drop in footfall at the Mall of the Emirates in March, a source told Reuters. The larger Dubai Mall saw a 50 percent drop in traffic.
Operational missteps and fierce competition from domestic rivals like Anta have left the sportswear brand trailing in its second-largest market outside North America.
Operational missteps and fierce competition from domestic rivals like Anta have left the sportswear brand trailing in its second-largest market outside North America.
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Beauty brand Coty is facing a lawsuit from DB Ventures, the company behind former football star David Beckham’s eponymous fragrance, for what the lawsuit describes as flagrant material breaches of the license agreement, court documents show.
The Italian luxury group’s first-quarter performance surpassed market expectations powered by solid growth in direct-to-consumer sales in the US.
The German sportswear maker also announced it had appointed former Hugo Boss CEO Mark Langer as its chief financial officer, effective Friday.
Cosmetics giant Estée Lauder is considering launching a takeover bid for all of Puig’s Class B shares at 18 to 19 euros ($21 to $22.20) a share, said a source close to the matter.
The company's strategy to pivot away from low-value, high-volume items is gaining traction.
The company delivered stronger than expected profit and sales in the first quarter, driven by strength in categories such as running.
The parent company of Byredo and Charlotte Tilbury reported softened sales growth in the US and Europe as demand for niche fragrances cools.
Kimberly-Clark kept its annual forecast intact and beat first-quarter sales estimates on Tuesday, as the company expects to close its $40 billion acquisition of Tylenol and Neutrogena in the second half of 2026.