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22 Aug

It Was Each Hit and Miss for Coty in

It Was Each Hit and Miss for Coty in
Coty Inc. delivered on the highest line, but not on profit in the ultimate quarter of its 2023 fiscal yr. The wonder company, whose brands include Kylie Cosmetics, Lancaster and CoverGirl, reported net revenue of $1.4 billion in its fourth quarter ended June 30, up 16 percent year-over-year. Analysts had been expecting around $1.3 billion. Net income was $29.6 million, compared with a net lack of $286 million within the prior yr. Adjusted EPS of 1 cent improved from a lack of 1 cent within the prior yr, but got here in below Wall Street predictions for two cents. The prestige segment led through the quarter, with each reported and like-for-like sales growth of 21 percent versus the prior yr.  Consumer beauty revenue rose...
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15 Aug

How Brands Can Harness the Global Conversation Around Hit

How Brands Can Harness the Global Conversation Around Hit
PARIS — From Burberry’s “ludicrously capacious” handbag to the colourful berets worn by Lily Collins on “Emily in Paris,” today’s trends are increasingly driven by TV shows, opening a wealthy seam of potential revenues for fashion brands, retailers and entertainment firms alike. But with writers and actors on strike, the sector is coping with fresh uncertainty, as everyone from e-commerce sites to makeup artists tests ways to monetize the connection between fashion and the small screen, at a time when streaming platforms have plunged the normal Hollywood model into crisis. “Lockdown was the tipping point,” said luxury consultant Eric Briones, creator of “Luxury and Digital: The Recent Frontiers of Luxury,” describing the moment that clothing labels became cultural content creators. Since then...
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26 May

Valentino Escape 2023 Capsule Collection to Hit the Road

Valentino Escape 2023 Capsule Collection to Hit the Road
MILAN — After revealing the return to the Milan schedule for its men’s show next month and plans to present its fall 2023 couture collection at Château de Chantilly, Valentino reiterated its traveling spirit by unveiling a series of worldwide activations dedicated to its recent capsule collection. In sync with previous drops, the Valentino Escape 2023 collection will land in resort destinations globally, celebrating the wardrobe staples that reinterpret the archival prints of the style house. Specifically, this yr the brand focused on its Animalier, Panther and Loop patterns to raise vacation looks, corresponding to billowing caftans, flowy dresses, swimwear and accessories.  Valentino Escape 2023 capsule collection. Marie Schuller/Courtesy of Valentino For instance, an immersive experience shall be offered to guests in Ravello, on the...
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20 May

Kering Makes Donation to Italy’s Emilia Romagna Region Hit

Kering Makes Donation to Italy’s Emilia Romagna Region Hit
MILAN – Kering said Saturday it's making an undisclosed donation to Italy’s Emilia Romagna region, which has been hit by widespread flooding that caused no less than 14 deaths and left hundreds of individuals homeless. Kering follows within the footsteps of automotive giant Ferrari, headquartered in Maranello, also within the region, which donated 1 million euros to the regional civil protection agency. Kering said it's making the donation on behalf of its maisons, which include Gucci, Saint Laurent, Pomellato and Brioni, amongst others. In a press release the luxurious conglomerate expressed its closeness to people hit by the floods. The group counts over 13,000 employees in Italy. Occurring 11 years after the Emilia Romagna region was struck by back-to-back earthquakes in 2012, last...
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