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.
PARIS, France — SMCP, the French fashion group, whose brands include Sandro, reported a rise in first-quarter revenues on Monday and kept its guidance for a higher annual sales growth and stable profit margins.
First-quarter sales at SMCP, which is majority owned by Chinese retail group Shandong Ruyi, rose to €274.6 million ($306.4 million), up 9 percent from the previous year and led by higher revenues in the Asia-Pacific region.
By Sudip Kar-Gupta; editor: Uttaresh V.
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.