L'Oreal, the world's largest cosmetics maker, enjoyed strong sales growth last year, helping net profits hit 2.24 billion euros, and building confidence for 2011, the French group said Thursday.
France-based luxury conglomerate LVMH, through its unit L Capital, is set to acquire a significant minority stake in Gitanjali Gems' proposed unit that will control the Indian firm's branded jewellery and retail businesses.
High costs thwarted quarterly profit at International Flavors & Fragrances Inc and overshadowed better-than-expected revenue, sending its shares down 4.2 percent in premarket trading.
Catwalk darling Prada, which plans to become the first European fashion house to float in Hong Kong this year, said retail expansion and a booming Asia market lifted sales rose to a record in 2010.
Hibbett Sports Inc cut its fourth-quarter earnings outlook on slow January sales. "After a strong start to the quarter, we were disappointed with comparable store sales in the latter half of January," Chief Executive Jeff Rosenthal said in a statement.
Polo Ralph Lauren Corp said momentum from a strong holiday season should continue in the current quarter and it has been able to charge full price for more of its high-end clothing, helping push its shares to an all-time high.
Polo Ralph Lauren Corp posted a higher quarterly profit on strong sales of its upscale clothing to department stores over the holiday season, and raised its outlook for 2011 operating margin.
Jones Group Inc reported higher holiday quarter revenue, but said rising cotton costs had hit its profit margins and would persist, warning that customers could balk at higher prices in 2011.
Jeans maker Levi Strauss & Co said on Tuesday that fourth-quarter net profit rose 28 percent, helped by strength in the company's U.S. Levi's retail business and improved wholesale sales in Europe.
To create a brand sold exclusively over the internet. This is the new challenge faced by Spanish family Fluxa, owner of brands Camper and Medwinds.
Avon Products Inc posted a steeper-than-expected drop in quarterly profit, weighed down by weak sales and restructuring charges. Shares of Avon, the world's largest direct seller of cosmetics, fell 4 percent to $28.15 in premarket trade.
Swiss fragrance and flavour maker Givaudan said it was preparing price hikes to offset a strong rise in raw material prices in 2011 after it met forecasts with a 71 percent rise in full-year net profit.
The L'Oreal and Nestle joint venture which has bid $970 million for Swedish beauty treatments firm Q-Med said on Tuesday it got acceptances from just over 50 percent of shareholders.
Global luxury retailer LVMH said Friday that strong demand for its champagnes and Louis Vuitton leather bags helped it make a 73 percent leap in full-year profit, and said prospects for 2011 were good.
Estee Lauder Cos Inc posted a higher quarterly profit, as shoppers scooped up face cream and cosmetics during the important holiday selling season, leading the company to raise its expectations for the fiscal year.