L’Occitane announced its interim results for the six months ended September 30. Despite macroeconomic headwinds in key markets, the group maintained dynamic growth momentum in the first half of fiscal…
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Asics acquires France’s Njuko
Japanese athletic footwear company Asics Corporation announced it has acquired Njuko SAS, the French race registration platform for running events across Europe. Established in 2012 by Pierre Duveller…
Burberry H1 revenues increase 5 percent
For the first half of 2022, Burberry reported revenue of GBP 1.345 billion, a 5 percent CER increase and an 11 percent increase over the prior period. A 5 percent […]…
JD.com sales up 11 percent on new luxury brand partnerships
JD.com announced its unaudited financial results for the three months ended September 30, 2022. In the third quarter, Fendi, a luxury fashion brand under LVMH, launched a flagship store on […]…
Grab clocks record Q3 revenue growth
Singapore food delivery service Grab Holdings Limited announced on November 16 record-breaking revenues for the third quarter, totalling USD 382 million, up 143 percent on last year. The quarterly rev…
Singaporean pay rise to surpass pre-Covid-19 levels
A survey released on Tuesday revealed that salary increments in Singapore will surpass pre-Covid levels, but inflation will eat into real wages. It is expected that Singapore’s average pay rise [R…
Estée Lauder to acquire Tom Ford brand in ‘transformational’ USD 2.8 billlion deal
The Estée Lauder Companies (ELC) announced on November 15 it has signed an agreement to acquire the Tom Ford brand, which it described as a global leader in luxury. The […]…
Currency headwinds to impact Tapestry’s FY23 results
A 2 percent increase in net sales was reported by Tapestry, Inc., the parent company of Coach, Kate Spade, and Stuart Weitzman. Despite currency headwinds of 370 basis points due […]…
Ralph Lauren Asia sales up 17 percent
U.S luxury fashion brand Ralph Lauren on November 10 reported better-than-expected revenues for the second quarter, coinciding with double-digit revenue growth in its Asia region. The New York-based c…
Richemont Asia sales up 3 percent as region returns to growth
Swiss luxury conglomerate Richemont announced on November 11 revenues for the six months ending September 30 surged 24 percent to EUR 9.7 billion (USD 10.06 billion). The owner of Cartier, […]…