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L'Oreal sales rise 9.4% as mass market makeup outshines luxury
L'Oreal reported a 9.4% rise in first quarter sales on a like-for-like basis on Thursday, beating expectations and easing concerns about a slowdown in the two biggest beauty markets the United States and China.
Beauty
Business
Gucci's next cruise show to be held at the Tate Modern in London
The Kering label has announced a three-year partnership with London's leading museum of modern and contemporary art to promote young designers, and will be showing its Cruise 2025 collection at the museum on May 13.
Luxury
Catwalks
Italy's Cucinelli defies slowdown fears with 16.5% growth in sales
Italian luxury group Brunello Cucinelli said on Wednesday its sales rose 16.5% at current exchange rates in the first quarter, driven by growth in all regions, including Asia.
Luxury
Business
ASOS H1 numbers make grim reading, but it reports strong progress, names new CFO
ASOS has reported its results for the 26 weeks to 3 March and as expected, they're not great. But the company did say it's made strong progress on speed and profit initiatives under its Back To Fashion strategy.
Fashion
Appointments
Gucci, Bottega Veneta, Saint Laurent, and Loro Piana honor design icons in Milan
These esteemed fashion houses are collaborating with Gio Ponti, Cini Boeri, Gae Aulenti, Portaluppi, and Le Corbusier, to reinterpret their classic designs in luxurious new forms at the Milan Furniture Fair.
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Design
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UK consumer confidence may keep rising but spending concerns remain - Deloitte
UK consumer confidence isn’t just on the up again, it’s reached a new two-year high as personal finances improve, especially among 25-34 year-olds. But that isn’t necessarily feeding through to spending habits.
Fashion
Business
Eurofragance boosts revenue by 20% in 2023, reaching €146 million
Spanish fragrance powerhouse Eurofragance achieved remarkable growth in key markets, including the United Arab Emirates, Saudi Arabia, and Europe.
Beauty
Business
L'Oreal shares shine after Q1 sales beat expectations
Shares in L'Oreal rose more than 4% % in early Friday trading after the French cosmetics giant reported a 9.4% rise in first quarter sales on a like-for-like basis on Thursday evening, beating expectations of 6.1% growth.
Beauty
Business
Nordstrom to evaluate founding family's interest in pursuing take-private deal
Nordstrom said the founding family behind the retailer had shown an interest in pursuing a potential go-private deal, prompting its board to form a special committee of independent directors to evaluate any proposal.
Fashion
Business
Design
Milan Design Week: Elective affinities at Hermès, Armani
Hermès and Giorgio Armani have taken centre-stage at Milan Design Week with their sophisticated installations, showcasing the affinities between their furniture and fashion collections.
Lifestyle
Design
Adidas-Rheon Labs partnership creates "new era" sports bras
Despite advancements in activewear, most sports bras “are stuck in the past”. That’s according to Joanna Wakefield-Scurr professor of Biomechanics at the University of Portsmouth, and the University of Memphis.
Fashion
Design
Gucci, Bottega Veneta, Saint Laurent, and Loro Piana honor design icons in Milan
These esteemed fashion houses are collaborating with Gio Ponti, Cini Boeri, Gae Aulenti, Portaluppi, and Le Corbusier, to reinterpret their classic designs in luxurious new forms at the Milan Furniture Fair.
Lifestyle
Design
Elie Saab Maison broadens accessories and home linen range, mulls hotel opening
On the first day of Milan Design Week, FashionNetwork.com met Massimiliano Ferrari, CEO of Corporate Brand Maison, who talked about the new initiatives and ambitious projects of Elie Saab’s home interiors line.
Lifestyle
Design
Appointments
NRF promotes Adam Lukoskie to president role
The National Retail Federation has announced that executive director of the NRF Foundation Adam Lukoskie has been promoted to also serve as senior vice president of NRF.
Fashion
Appointments
Brixton appoints Levi's executive as new CEO
Californian lifestyle brand Brixton announced Thursday the appointment of Seth Ellison to the role of chief executive officer, effective April 22.
Fashion
Appointments
BFC Foundation appoints Andin Fonyonga to board of trustees
The BFC Foundation has welcomed Andin Fonyonga to its board of trustees. Fonyonga joins fellow trustees David Pemsel, Pam Batty, Laura Strain and Caroline Rush.
Fashion
Appointments
Two more Arnault heirs join LVMH board
Two of LVMH Chairman and CEO Bernard Arnault's sons and heirs were named to the board of the luxury goods conglomerate on Thursday.
Luxury
Appointments
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