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Management

Kering reports strong Q3 growth, but Gucci falls short of expectations

Kering has reported strong revenue growth in the third quarter of the year, despite its star brand Gucci falling short of analysts’ expectations. The French luxury group, which also owns brands Yves Saint Laurent and Bottega Veneta, reported revenue of 4.19 billion euros in the three months to the end of September, up 12.6 percent on a reported...

Management

Very Group reports record full-year revenue as profits grow

The Very Group has reported record full-year sales driven by strong revenue at its namesake Very brand. Group revenue grew 13 percent to a record 2.32 billion pounds in the 12 months to July 3, driven by a 24.9 percent jump in retail sales to 1.54 billion pounds. Very revenue was up 18.2 percent to 1.88 billion pounds. Meanwhile, group profit...

Management

THG chief to give up 'golden share' following stock price drop

The Hut Group (THG) founder and chief executive Matthew Moulding is giving up his ‘golden share’ in the company in a bid to regain the confidence of investors after the online giant’s share price plunged in recent weeks. The group confirmed on Monday that Moulding is to cancel his special share rights, which gives him greater voting powers over...

Management

End Clothing lines up former Gucci CEO as new chair

US private equity giant Carlyle is reportedly lining up former Gucci chief executive Patrizio di Marco to become chair of British luxury, streetwear and sportswear retailer End Clothing. Di Marco, who spent six years at the helm of Gucci before exiting in 2015, will join End in the coming months, Sky News reports. Since leaving the Italian...

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Report

Missguided appoints new chief digital officer

Missguided has appointed Nick Thomas as chief digital and commercial officer. According to LinkedIn, Thomas joined the UK fashion retailer last month. He joins from Holland & Barret, where he has been chief digital officer since 2019. In his new role, Thomas will be responsible for overseeing the fast fashion company’s e-commerce, digital...

Report

Kinnevik to increase investments in its growth portfolio, Q3 NAV improves

Kinnevik’s net asset value amounted to 75.8 billion Swedish krona or 273 Swedish krona per share at the end of the third quarter, down by 0.3 billion Swedish krona or 0.4 percent compared to last quarter, and up by 13.3 billion Swedish krona or 21.3 percent compared to a year ago. The company said in a statement that negative share price...