Hermès had a good first quarter as all of its business lines returned to growth and the company said it saw "a remarkable increase" in ready-to-wear and accessories, as well as watches and other categories.
Trendy prescription eyewear brand Warby Parker is the latest retailer to jump on the red hot initial public offering market.
San Francisco-based Affirm Holdings Inc. announced on Wednesday plans to acquire Returnly, a leader in online return experiences and post-purchase payments.
Shares in French luxury goods group Kering, whose brands include Gucci, rose on Wednesday after Gucci's revenues rebounded strongly in the first quarter.
Beauty e-commerce platform Feelunique continued to grow fast in its latest financial year with the 12 months to the end of March seeing total sales rising 26% to £103.5 million.
The international fragrance group announced net sales of $198.5 million for the first quarter on Tuesday, representing a 37.1% increase from $144.8 million in the same period in the previous year.
Sales at Kering rose by 26% in the first quarter of 2021, led by a strong rebound for its star label Gucci, with growth in Asia and the United States more than offsetting new coronavirus lockdowns in much of Europe.
Cosmetics specialist Warpaint London, the listed company that’s no relation to men’s make-up firm War Paint, said Tuesday that Q1 trading has continued the strength it saw in the second half of last year.
Can a bag save the world? Possibly not, but it can at least prevent it from becoming more polluted. At Mulberry the new goal is a farm-to-finished product supply chain. The house’s CEO Thierry Andretta explains how.
Primark was a big problem for its owner Associated British Foods in the first half as the enforced closure of many stores drove down revenues and profits.
Australian buy-now-pay-later company Afterpay said on Tuesday it is exploring a U.S. listing after more than doubling its third-quarter sales.
Italian fashion group Etro is considering an expression of interest from buyout firm L Catterton, a source close to the matter said on Monday.
The owner of the Pep&Co fashion brand has snubbed the London Stock Exchange and chosen to list its shares in Poland instead. The company is thought to be worth around €5 billion.
Hammerson is to slash rents for its retail tenants by around 30% as UK stores reopen post-Lockdown 3. UK & Ireland MD Mark Bourgeois said that “typically, we're resetting our rents to more affordable levels”.
Studio Retail is no longer for sale. The company has received plenty of interest in the business, but said its recent strong trading suggests that it can create greater value for shareholders as a pureplay retailer.
