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Showroomprivé: H1 sales decline 4 percent

Showroomprivé recorded a GMV of 499 million euros, up 0.1 percent for the first six month period and a 4 percent decline in sales to 318.1 million euros, impacted by lower volumes in its historic business lines in France. The company witnessed 50 percent growth at The Bradery, 62.8 percent increase in marketplace GMV, 11.7 percent in travel &...

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Kenneth Cole appoints EVP, women’s creative director and product strategy

American fashion house Kenneth Cole has appointed Emily Cole as its new executive vice president, women’s creative director and product strategy, expanding her role as the brand prepares to “revitalise and broaden the women’s collection”. Cole, who is currently responsible for overseeing design direction and merchandising organisation and will...

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Ermenegildo Zegna Group: Half-year sales grow by 6 percent

Italian fashion group Ermenegildo Zegna NV was able to achieve an increase in sales in the first half of the 2024 financial year. However, the group owes the increase only to the takeover of Tom Ford Fashion, which was completed in April of last year . According to an interim report published on Thursday, group sales in the period from January...

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China hits SMCP as it falls into the red for H1

Textile group SMCP (Sandro, Maje, Claudie Pierlot and Fursac) posted a net loss of 27.7 million euros in the first half on Thursday, after a net profit of 14 million a year earlier, while its half-year sales fell by 4% to 585.3 million euros. The net result would have been "balanced" without 30 million euros of accounting effects, including...

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EssilorLuxottica H1 profit rises

French ophthalmic company EssilorLuxottica (ESLOF.PK, ESLOY.PK), Wednesday reported that its net profit attributable to owners of the parent for the first-half of fiscal year 2024 climbed to 1.746 billion euros or 2.98 euros per share from last year's 1.655 billion euros or 3.03 euros per share. Revenue for the first-half of fiscal year 2024 5.2...

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Deckers Brands Q1 net sales up 22.1 percent

Deckers Brands net sales increased 22.1 percent to 825.3 million dollars for the first quarter, while on a constant currency basis, net sales increased 23 percent. Gross margin for the quarter was 56.9 percent, operating income rose to 132.8 million dollars and diluted earnings per share increased to 4.52 dollars. For the fiscal year 2025, the...

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Fendi appoints new head of retail and wholesale

Fendi has appointed Joanna Dubin as global managing director retail and wholesale, a role she will take up at the LVMH-owned fashion house from September 2, the French luxury goods group announced on Thursday on the career platform Linkedin. She will report directly to Fendi CEO Pierre-Emmanuel Angeloglou. “I am delighted with Joanna’s...

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Burberry reportedly seeking new chairman amid boardroom shake up

Days after the announcement that its former CEO was being replaced by Joshua Schulman, it is now being reported that Burberry is also seeking a possible successor to its current chairman, Gerry Murphy. While an exact departure date for Murphy has not yet been cemented, it is believed that an “indirect hunt” has been launched in a bid to find...

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Savage X Fenty appoints new chief marketing officer

Rihanna’s lingerie label Savage X Fenty has announced the appointment of Vanessa Wallace as its new chief marketing officer, a role she will take up from her base in Los Angeles and for which she will report to CEO Hillary Super. In the position, Wallace has been tasked with overseeing brand and product marketing, as well as media, creative,...

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Superdry founder sets out to rebuild exec team as board members exit

Days after Superdry’s exit from the London Stock Exchange and the British brand’s founder Julian Dunkerton has set about rebuilding its executive team following a series of notable departures. It is believed that CEO Dunkerton has started the search for new board members, including a chairman and two independent non-executive directors,...

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Crew Clothing increases full year turnover and profit

Crew Clothing’s turnover for the 52 weeks increased by 13 percent to 114.9 million pounds, with ecommerce up 18 percent; stores up 5 percent; and third party & wholesale increase of 28 percent. For the 53 weeks, turnover reached 117.2 million pounds. In a filing with the Companies House, the company said, adjusted EBITDA increased to 17.1...

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Nike appoints chief information officer

Cheryan Jacob has been appointed to the role of chief information officer (CIO) for Nike, a position the US sportswear giant created this month to support its global engineering team, as reported by Bloomberg. Jacob is trained in both technology and business, having started his career in India as a computer architecture and hardware engineer. In...