The Italian eyewear group has bought a 70% stake in Blenders Eyewear LLC from Chase Fisher, who founded the company in 2012 and remains as CEO with a 30% interest. The company’s full valuation was $90 million.
The Nashville, Texas-based footwear and accessories company announced third-quarter earnings that comfortably beat analysts’ expectations on Saturday, even though the group’s sales registered a slight decline.
According to the company’s co-founders, the new money will be used to continue funding Brummell’s online growth and expand its product line, with limited-edition ties and wallets set to be available in December 2019.
On wasteland once used for earthquake drills in the small town of Otawara north of Tokyo, Japan's Shiseido has built its first domestic factory in 36 years, hoping to capitalise on a boom for "Made in Japan" cosmetics.
The luxury footwear brand has diversified into jewellery, releasing a debut collection inspired by the buckles of its shoes. For its launch campaign, the Tod's-owned label has hired model Sophia Hadjipanteli.
The news published by Bloomberg about a possible takeover of the down jacket label by the French luxury group fuelled plenty of speculations. FashionNetwork.com analyses the operation’s potential impact.
The American cosmetics retailer announced increased sales and diluted earnings per share for the third quarter on Thursday, beating analysts’ expectations and sending shares in the company up 8% in the extended session.
Luxury jeweler Tiffany & Co, which is being bought by France's LVMH, missed market expectations for quarterly profit and sales on Thursday, hit by lower spending by foreign tourists in the United States and Hong Kong.
The chief executive and top shareholder of Moncler played down speculation around a takeover by Gucci-owner Kering on Thursday, saying the two firms sometimes talked but that there was no deal in the works.
Joules saw higher H1 sales despite facing the same issues as its peers in tough September. But its sales have picked up in the past two months, even without heavy markdowns, and e-tail and international are strong.