Aritzia, a fashion retailer based in Canada, is experiencing rapid growth in the U.S. market.
Business News
In-depth guides exploring the structure, strategies, and business dynamics shaping the global fashion and luxury industry. From luxury conglomerates to fashion week economics, this section breaks down complex industry topics into accessible, evergreen analysis.
Joshua Schulman, the new CEO of Burberry, faces a daunting task in reviving this traditional British luxury brand.
On October 31, Amazon (NASDAQ: AMZN) announced its financial results for the third quarter ending September 30, 2024.
On October 30, 2024, Prada Group, based in Milan, announced it had achieved a remarkable 18% year-over-year increase in net revenue for the nine months ending September 30, defying the prevailing downturn in the luxury market.
The American luxury brand industry was shaken on October 24 as the U.S. District Court for the Southern District of New York halted Tapestry, Inc.’s ambitious $8.5 billion acquisition of Capri Holdings Limited.
On October 25, TFG London, the South Africa-based fashion retail giant, acquired the British fashion and lifestyle brand White Stuff.
Hermès announced on October 24th in its third-quarter earnings report that sales increased by 11.3% compared to the same period last year.
On October 23, French luxury conglomerate Kering announced that its third-quarter revenue amounted to €3.78 billion (approximately $4.08 billion), a 16% decline compared to the same period last year.
On October 22, former Abercrombie & Fitch CEO Mike Jeffries was arrested on sex trafficking charges.
On September 15, French luxury conglomerate LVMH (Moët Hennessy Louis Vuitton) announced its third-quarter results for 2024. Although overall sales reached €19.076 billion (approximately $21 billion), organic sales declined by 3%, falling significantly short of analysts’ expectations.