LVMH-Backed L Catterton Agrees to Buy Majority Stake in Kiko
The private equity fund has entered into a definitive deal with the Percassi family, which will retain a “significant stake” in the business.
Julie Brown
Burberry Sales Rebounded in June. Why Did Its Shares Plunge?
While the pandemic is hurting all luxury brands, investors see specific challenges at Burberry.
Burberry Faces Hong Kong Slump
The British luxury brand saw sales in Hong Kong halve amid anti-government protests, while sales in Europe and mainland China increased.
Burberry’s China Conundrum
Burberry is writing down the value of its Hong Kong stores as clashes between police and pro-democracy protestors devastate the city's retail sector. Chief Executive Mario Gobbetti told BoF he sees little chance of a rebound in the near future.
Burberry Teams With Chinese Internet Giant Tencent as Sales Fall in Hong Kong
Brand sales declined by a double-digit percentage in Hong Kong in the latest period.
The Verdict on Riccardo Tisci’s Burberry
Same-store sales climbed 4 percent in the first quarter after the designer’s product finally hit stores, sending shares up almost 15 percent in early trading.
Brexit at the Cliff Edge: What Fashion Needs to Know
March 29th was meant to be the day the UK left the European Union. Instead, the Brexit drama is far from over and global fashion brands operating in the country face a prolonged period of uncertainty.
Fashion Prepares for Brexit Disaster
Thursday's debate left Britain in Brexit gridlock. While no deal may yet be averted, fashion giants from Kering to Burberry have started planning for worst-case scenarios.
Luxury Stocks May yet Lose Lustre Despite China's Taste for Vuitton
LVMH's reassuring fourth-quarter performance and outlook temporarily assuaged fears that demand in China is stalling and lifted shares at European luxury peers on Wednesday.
Burberry Says Would Pay a High Price for No-Deal Brexit
The British luxury brand said it would cost tens of millions of pounds in tariffs and severely disrupt its supply chain.
Luxury
Burberry Brand Heat Ignites on Tisci’s 'Drops' Amid Transition
As the UK’s largest luxury brand attempts to position itself as a true luxury player, the drops from Riccardo Tisci's runway collection are already driving excitement and shifting perceptions. But with the bulk of Tisci's work still months from hitting stores, the brand has a long way to go.
Burberry Brand Heat Ignites on Tisci’s 'Drops' Amid Transition
As the UK’s largest luxury brand attempts to position itself as a true luxury player, the drops from Riccardo Tisci's runway collection are already driving excitement and shifting perceptions. But with the bulk of Tisci's work still months from hitting stores, the brand has a long way to go.
Burberry Investors Question Destruction of $38 Million in Goods
The British fashion house physically destroyed finished products worth £28.6 million ($38 million) in 2018, according to its latest annual report.
Unpacking Burberry’s New Strategy
Chief executive Marco Gobbetti has outlined an ambitious three-pronged plan to elevate the British brand's positioning. Will it work?
Company Snapshot
The agency she founded represents many of the hot, young photographic talents shaping the new wave of fashion photography.
The News in Brief
Zara Re-Enters Venezuelan Market
The company confirmed in January that it planned to restart activities in Venezuela in the first half of 2024 with local partner Grupo Futura.
EU Hits Fast-Fashion Giant Shein With New Digital Rules
The move means Shein could be liable for fines of as much as 6 percent of global revenue for violating the law, designed to curtail the spread of illegal content online.
Shares of Versace Owner Capri Seen Falling 30% If Deal With Coach Owner Tapestry Fails
Since the merger announcement, Capri has reported weaker-than-forecast earnings twice, spurring concern about its performance in the coming quarters.
Celine Adds To Fragrance Line-Up
The new scent, Zouzou, is the fashion house’s first new perfume since 2022.
Unilever Sales Rise More Than Expected, Led by Beauty
Unilever Plc sales jumped more than expected in the first quarter as Chief Executive Officer Hein Schumacher pushes ahead with his turnaround plan and shoppers come back to premium brands.
Biden Signs Possible TikTok Ban Into Law; ByteDance Vows Legal Challenge
President Biden signed the bill that gives China-based ByteDance 270 days to divest TikTok’s US assets or face a ban.
Google Postpones Phasing Out of Ad Cookies in Chrome Browser
The Alphabet Inc. company said in a blog post Tuesday that it’s still working with the ad industry and regulators on the plan.