Latest Articles in Management

JD Sports expects full year profit at lower end of guidance

JD Sports Fashion in its third quarter trading update said given the volatile trading environment, and following October trading, it now expects pre-tax profit to be at the lower end of original guidance range of 955 pounds to 1,035 million pounds. The company said that the more volatile environment was reflected in like-for-like (LFL) sales for...

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After strong Q3, TJX raises earnings outlook

The TJX Companies net sales for the third quarter were 14.1 billion dollars, an increase of 6 percent, while comparable store sales increased by 3 percent. Net sales for the first nine months were 40 billion dollars, an increase of 6 percent with comparable store sales increase of 3 percent. Net income for the quarter was 1.3 billion dollars and...

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Salomon names Guillaume Meyzenq as president and CEO

Amer Sports, Inc., which owns sports and outdoor brands, including Arc’teryx, Peak Performance and Wilson, has appointed Guillaume Meyzenq as the new president and chief executive for French outdoor and sports brand Salomon. Meyzenq, who is currently chief product officer for Salomon, will take up his new role effective January 1, 2025, and...

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Amer Sports raises forecast on strong Q3 growth

For the third quarter, Amer Sports reported a revenue increase to 1,354 million dollars, up 17 percent on both a reported and constant currency basis. “The third quarter was very strong for Amer Sports Group across all brands and geographies. We are executing against our largest growth opportunities in Arc'teryx and Salomon footwear, while our...

Management|Beauty Featured

Paris Hilton forms beauty joint venture with Guthy-Renker

Paris Hilton's media and lifestyle company, 11:11 Media, which she founded with entertainment industry veteran Bruce Gersh in 2021, has formed a joint venture with beauty giant Guthy-Renker to launch a new company to house beauty and wellness products inspired by and creative-directed by Hilton. The joint venture is called 11:11 Beauty and will...

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Geox reports 9.7 percent decline in nine month sales

Italian footwear player Geox reported consolidated sales for the first nine months of 525.5 million euros, down by 9.7 percent or 9 percent at constant exchange rates due to the negative performance of the wholesale channel and franchising, partially offset by the positive trend of the direct digital channel. Commenting on the outlook, the...

ManagementFeatured

Kering appoints new CEOs at Saint Laurent and Balenciaga

Kering has announced the appointment of Cédric Charbit as CEO of Saint Laurent and Gianfranco Gianangeli as CEO of Balenciaga, effective January 2, 2025. The company said in a statement that both will report to Francesca Bellettini, Kering deputy CEO in charge of brand development, who from then on will be entirely dedicated to the development...

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OneSkin closes series A investment round

Healthy ageing skincare brand OneSkin, offering science-led topical skin longevity treatments, has secured a 7 million US dollar series A investment round, bringing its total funding to 20 million US dollars. OneSkin, founded by four Brazilian PhD scientists in 2016, said the oversubscribed round was led by Los Angeles-based Selva Ventures, a...

Management

Chinese tech giant Alibaba posts 5 percent quarterly revenue growth

Chinese tech and e-commerce giant Alibaba on Friday reported moderate revenue growth of five percent in its latest quarter, as Beijing works to stimulate domestic spending. The Hangzhou-based firm operates some of China's most widely used online shopping platforms, making its performance a bellwether for consumer sentiment. Alibaba's revenue...

Management

Geox closes subsidiaries in China and the US

The Italian shoe manufacturer Geox SpA is streamlining its business activities. On Thursday, the group announced the closure of its subsidiaries in China and the US at the end of the year. Both companies had only made insignificant contributions to sales and were in the red, Geox said, adding that the measures were aimed at increasing efficiency...

Management

Perfect Moment Q2 revenue drops as losses widen

Skiwear brand Percent Moment reported its fiscal Q2 2025 financials, reflecting a year in which the brand has put a focus on growing awareness and presence across regions. Despite this, total net revenue fell 35 percent to 3.8 million dollars compared to the same period last year. The company cited the conclusion of its Hugo Boss collaboration...

ManagementFeatured

Aeffe returns to net profit of 35.2 million euros in nine months

The Aeffe Group achieved positive EBITDA for the nine month period at 90.9 million euros with a margin of 43.8 percent on turnover, EBIT was positive for 66.6 million euros with an increase of 78.3 million and net profit amounted to 35.2 million euros compared to a net loss of 17.8 million in 2023. However, revenues of 207.8 million euros were...