Richemont's year to 31 March saw a “strong performance”, with a “step change in sales and operating profit”. Its fashion ops improved, but the share price fell as a deal to sell a YNAP stake to Farfetch is not agreed.
The Outnet has officially launched menswear onto the luxury past-season webstore after a soft launch late last year, with a dedicated menswear homepage, menswear navigation dropdown, plus editorial and styling advice.
Fragrance giant Inter Parfums has reported a strong 2021 with a 23% sales rise and surging earnings compared to 2019. Net sales reached $879.5m last year while the gross margin rose to 63% from 2019’s 62%.
The New York-based fragrance group has reported $262.7 million in revenue for the third quarter ended September 30, 2021, a record figure according to the company, whose largest brands saw higher-than-expected growth.