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.
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.
Any fashion company that is contemplating going public needs to have not only the product and brand fundamentals right but also a business strategy that can easily be understood by the markets, writes Imran Amed.
Consumer spending increased just 0.8 percent last month as the labour market cools.