NEW YORK— Shares of Michael Kors Holdings skidded to a three-year low Monday as analysts forecast a difficult first quarter and fiscal year for the maker of handbags, clothing and accessories. Michael Kors Holdings Ltd. stock fell $3.28, or 7.8 percent, to $38.71 as the broader markets declined. The company said fewer customers visited its stores in its fiscal...» Read More
PARIS, July 16- Coty Inc's boss Bart Becht believes he is the right man to run what will become the world's biggest perfume maker, despite industry doubts over its planned mega-merger and faltering sales at the beauty products group. With Coty due to gobble up Procter& Gamble's beauty business for $12.5 billion, Becht has no intention of seeking anyone else to lead...
Having it all: business built on passion, time for family, and control. Dylan Lauren and Stacey Bendet spill the jellybeans.
The FMHR crew share their play on which athletic apparel company is best positioned to win the battle for sponsorships. Under Armour is the one laggard, says Pete Najarian.
PARIS, May 26- L'Oreal is not interested in buying Procter& Gamble Co's Wella haircare business, the head of the French cosmetics group's luxury division told German daily Handelsblatt in an interview. Sources close to the matter said last month that personal care and cosmetics companies Henkel& Co, Revlon and Coty were preparing bids for parts of Procter&...
At the Singapore Fashion Week 2015, CNBC's Oriel Morrison speaks to Australian fashion designer Dion Lee about his latest collection and how he's coping with the retail challenges in Asia.
*Q3 North America sales down 24 pct at $493 mln. April 28- Coach Inc reported its worst decline in sales in seven quarters in North America, raising concerns that the handbag and accessories maker's turnaround efforts were failing to gain traction in a highly competitive market. The maker of Poppy handbags has been losing out to newer entrants such as Michael Kors...
PARIS, April 20- L'Oreal said on Monday the market for mass beauty products in western Europe had slowed in the early part of the year but was still growing moderately in North America as it posted a 14.1 percent rise in first-quarter sales. The maker of Garnier shampoo and Maybelline, whose figures broadly met expectations, received a boost from the weak euro and...
PARIS, April 20- L'Oreal posted a 14.1 percent rise in first-quarter sales on Monday, helped by the weak euro and resilient demand for luxury goods products such as Yves Saint Laurent's Black Opium perfume. The maker of Garnier shampoo and Maybelline make-up said the market for mass consumer goods had declined slightly in Western Europe but was still growing...
California's cotton crop is hurting, and that could become a problem for an industry the state dominates: high-end apparel manufacturing.
Xavier Calloc'h, director of Yacht Investor, talks about the rise in interest in superyachts - and who is buying.
Can Adidas recover from 7 percent sales slip to become 'cool' again in the U.S.?
Prices are rising for custom suits, and it's taking longer to make them, because there is a shortage of quality tailors.
From meat dresses to double-denim and fluorescent pink faux fur. It’s safe to say that the fashion industry has seen it all… or has it?
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.
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.