Latest News & Analysis
US Court Blocks Tapestry’s $8.5 Billion Acquisition of Rival Capri
The FTC argued at an eight-day trial in New York that the merger would eliminate fierce head-to-head competition between the top two US handbag makers.
Mulberry to Cut Nearly a Quarter of Corporate Roles
The British handbag maker will lay off around 85 people globally as it aims to chart a path back to profitability after fending off a takeover bid from billionaire Mike Ashley’s Frasers Group.
Why I’m Excited About BoF VOICES 2024
Join us at BoF VOICES from November 12-14 to learn from Jacquemus, Valentino and Skims
The Era of Big Price Hikes Is Over, Giving Comfort to the Fed
Businesses are responding to customer fatigue with price increases by shifting focus to more affordable products, reflecting a broader trend that may help curb inflation and support continued Federal Reserve interest rate cuts.
Lacoste to Sponsor Rolex Paris Masters Tennis Tournament
The heritage French label is increasingly asserting its sporting credentials amid luxury brands’ growing interest in tennis over the past year.
Mike Ashley Wants Boohoo to Make Him Its New CEO
Ashley's Frasers Group is the struggling fast fashion e-tailer's largest shareholder and is pushing for more control.
Unilever Sales Rise 4.5%, Narrowly Beating Expectations
The consumer goods giant reported sales slightly ahead of expectations, with some growth in prestige beauty, but maintained its modest full-year guidance.
Beiersdorf Sales Rise 6.5%; China Still Drags
The German beauty conglomerate saw its sales lift ahead of analyst expectations, led by a north American rebound and skincare, but continued pressure in China weighed on overall growth.
Hermès Continues to Outshine Rivals with Sales up 11.3%
The Birkin bag maker reported a hefty rise in third-quarter sales on Thursday, continuing to outperform rivals hit hard by a sharp slowdown in luxury demand.
Why L’Oréal’s Meteoric Skincare Growth is Coming Back to Earth
L’Oréal’s dermatological beauty division is usually a blockbuster, but the impact of increased competition and the decline of drugstore distributors on its recent earnings show the company can’t rest on its laurels.
Kering Pounded by Luxury Slowdown, Warns on Profit
Sales at the French group fell 16 percent in the third quarter as a market-wide downturn hit hard. At flagship brand Gucci, where revenue fell 25 percent, management is exploring store closures while betting on a revamped handbag programme to jump start demand.
Kering Pounded by Luxury Slowdown, Warns on Profit
Sales at the French group fell 16 percent in the third quarter as a market-wide downturn hit hard. At flagship brand Gucci, where revenue fell 25 percent, management is exploring store closures while betting on a revamped handbag programme to jump start demand.
Mike Ashley’s Frasers Pulls Bid for Handbag Maker Mulberry
The decision comes after Mulberry turned down Frasers’ latest bid of 150 pence per share Tuesday.