The Business of Fashion
Agenda-setting intelligence, analysis and advice for the global fashion community.
Agenda-setting intelligence, analysis and advice for the global fashion community.
LONDON, United Kingdom — Online fashion retailer Yoox Net-A-Porter posted a 26 percent increase in 2015 adjusted core profit as sales rose strongly driven by the recently merged group's more exclusive websites.
Italy's Yoox merged at the start of October with upmarket rival Net-a-Porter in an all-share deal that created a leader in the fast-growing online luxury market, handing a 50 percent stake to Swiss luxury group Richemont.
YNAP said adjusted earnings before interest, tax, depreciation and amortisation totalled 133.1 million euros last year, broadly in line with an average estimate of 132.6 million euros in a Reuters poll of analysts.
The figures are adjusted to exclude costs related to stock option plans.
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YNAP beat expectations last month reporting a 31 percent increase in 2015 pro-forma revenues to 1.7 billion euros as consumers across regions shopped more on mobile devices.
By Valentina Za; editor: Silvia Aloisi.
In 2020, like many companies, the $50 billion yoga apparel brand created a new department to improve internal diversity and inclusion, and to create a more equitable playing field for minorities. In interviews with BoF, 14 current and former employees said things only got worse.
For fashion’s private market investors, deal-making may provide less-than-ideal returns and raise questions about the long-term value creation opportunities across parts of the fashion industry, reports The State of Fashion 2024.
A blockbuster public listing should clear the way for other brands to try their luck. That, plus LVMH results and what else to watch for in the coming week.
L Catterton, the private-equity firm with close ties to LVMH and Bernard Arnault that’s preparing to take Birkenstock public, has become an investment giant in the consumer-goods space, with stakes in companies selling everything from fashion to pet food to tacos.