Can Adidas recover from 7 percent sales slip to become 'cool' again in the U.S.?» Read More
PARIS, Feb 13- French cosmetics giant L'Oreal on Friday said it expected the weak euro and slump in oil prices to boost consumption in many regions such as Western Europe and help it increase profits substantially this year. The maker of Lancome cream and Yves Saint Laurent perfume said sales in Western Europe, where it made a third of revenue, enjoyed their...
Kevin Plank, Under Armour CEO, discusses celebrity endorsement deals, including Tom Brady and competing with Nike.
Wearables will equal apparel one day, says Kevin Plank, Under Armour CEO, discussing his company's digital fitness strategy.
Nick Hayek Jr, CEO of Swatch Group, says the Swiss Franc is a "psychological problem" following the SNB's recent move.
Jon Cox, head of European consumer equities at Kepler Cheuvreux, discusses the sectors that will be hard-hit by the Swiss National Bank's move to end the franc's euro peg.
Scientists coated fabric with a nearly invisible substance that can supercharge winter clothing and cut down on household heating.
Jan 5- Accessories retailer Coach Inc is nearing a deal to buy privately held women's luxury shoe company Stuart Weitzman Holdings LLC for about $600 million, according to a person familiar with the matter. Buyout firm Sycamore Partners acquired Stuart Weitzman last year as part of its $2.2 billion purchase of Jones Group Inc, the fashion company that owns...
*Fosun Intl moves to new insurance-based business model. A Club Med takeover would represent the most significant co-investment between Fosun and Fidelidade, the Portuguese insurance firm Fosun forked out $1.29 billion to buy in May, and advance Guo's goal of turning his Shanghai- based manufacturing and real estate-focused conglomerate into a...
Paul Swinand, Equity Analyst at Morningstar, expects Macy's and Target to see good sales in the upcoming holiday season while Kohl's may continue to struggle. He also explains what that means for investment strategy.
Nov 7- Estee Lauder Cos Inc bought French luxury perfume brand Editions de Parfums Frédéric Malle, its third acquisition in less than a month as the company looks to boost its portfolio of high-end luxury perfumes and skin care brands. The Frédéric Malle fragrances, which cost upwards of $150, are sold through five standalone stores in Paris and New York.
*Coty agrees to buy Bourjois from Chanel. *To pay for Bourjois with 15 Class A Coty shares. PARIS, Oct 7- US cosmetics group Coty said on Tuesday it had made a binding offer to buy French make-up brand Bourjois from Chanel and give the family-owned French luxury company a stake in Coty worth an estimated $240 million.
Nike reported quarterly earnings and revenue that beat analysts' expectations on Thursday.
Just when you thought the pampered pet craze had gone too far, a luxury company has just come up with a new badge of excess: The pawbag.
Lululemon Athletica forecast lower-than-expected current-quarter results, after posting a profit that was almost unchanged from a year earlier.
Tiffany reported a loss in the fourth quarter, due primarily to losing an arbitration ruling involving The Swatch Group.
Nike reported third-quarter earnings of 76 cents per share on revenue of $6.97 billion, outpacing Street estimates.
Allegra Perry, managing director at Cantor Fitzgerald, says currency movements have had a negative effect on luxury brands' earnings.
Chanel has acquired its long-time lamb hide provider in the latest purchase by a luxury brand of a partner that supplies top quality materials.
CNBC's Hadley Gamble takes a tour through Abu Dhabi's luxury goods market as high end brands open stores in the emirate.
Andrew Keith, President of Lane Crawford describes how the luxury firm is enjoying strong demand from Chinese customers.