The company said on Thursday its Q3 net profit surged. Compared with the same period last year, revenues grew by 0.5 percent. The company's net profit for Q3 was 6 million dollars, grew from 4 million dollars a year earlier. Furthermore, revenues increased to 189 million dollars. Cato Corporation is […]

French luxury group LVMH has raised its bid to acquire US jewelers Tiffany by over one billion dollars, two sources close to the matter told AFP Wednesday. LVMH, the owner of Louis Vuitton, Dior and Moet & Chandon increased its bid for the storied New York-based company to around 130 USD per share from […]

Burberry is introducing a new global parental leave policy that offers all its employees 18-weeks of parental leave at full pay. The policy, which takes effect 1 April 2020 and is eligible for those who have worked at the company for over a year, also offers employees the opportunity to work a 30-hour […]

L Brands, Inc. reported a loss per share of 91 cents for the third quarter ended November 2, 2019, compared to 16 cents for the same quarter last year. The company’s third quarter operating loss was 151.2 million dollars compared to operating income of 54.4 million dollars, and net loss was 252 million […]

After going carbon neutral in September, Gucci is daring other companies to do the same. CEO Marco Bizzarri published an open letter to CEOs yesterday, asking them to take urgent steps to reduce their greenhouse gas emissions, instead of solely focusing on goals for over the next decades. “Given the […]

E-commerce giant Amazon has publicly disclosed the names and addresses of over 1,000 facilities which produce Amazon-branded products, following requests from organizations campaigning for more transparency in the e-commerce and fashion industries. The list of suppliers is available at sustainability.aboutamazon.com. […]

German luxury fashion house MCM has licensed Inter Parfums, Inc. to create, develop and distribute fragrances under its label for the next ten, possibly 14 years. The two parties have announced a ten-year licensing agreement, which includes a four-year automatic renewal option, that could potentially […]

Handbag Clinic, the luxury bag restoration and resale business, is seeking 2 million pound investment, after embarking on its second capital-raising campaign to help support its global expansion plan. The handbag restorer is hoping to raise more funds to expand in core business areas - brand building, […]

Coty and Kylie Jenner today announced a long-term strategic partnership that involves Coty becoming a majority stakeholder in Jenner's beauty business. One of the world's largest beauty companies with a global portfolio, Coty will acquire 51 percent of the Jenner partnership for 600 million dollars. […]

The Estée Lauder Companies, Inc. is expanding its empire. The leading beauty manufacturer and marketer, whose portfolio already includes a number of name-brand skincare, makeup, fragrance and hair care brands, has announced the acquisition of Have & Be Co. Ltd. The deal is expected to close next month. […]

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