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27 Oct

Zegna, Thom Browne Grow in Third Quarter Across Geographies, Channels

Zegna
Zegna Solid growth across geographies and channels for each the Zegna and Thom Browne labels, particularly in Europe, the U.S. and the Middle East, boosted the Ermenegildo Zegna Group’s top line within the third quarter. And Gildo Zegna, chairman and chief executive officer, believes the Middle East “might be the brand new China.” During a conference call with analysts on Thursday to comment on the quarterly results, he said he was within the Middle East two weeks ago, visiting five countries in a number of days, which led him to a confident tackle the region. “We're well-placed there and will probably be open stores with an aggressive five-year strategy. They're all for what we do there,” he observed. Within the three months...
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27 Oct

Unilever Sales Beat Expectations within the Third Quarter –

Unilever Sales
Unilever Sales Unilever Sales underlying sales growth picked up pace within the third quarter of 2022, spurred by price inflation with a limited impact to volume, causing the group to lift its guidance again for the complete 12 months. The maker of brands starting from Dove and Tatcha to Ben & Jerry’s and Magnum generated sales of 15.8 billion euros within the three months ended Sept. 30, up 10.6 percent on an organic basis and 17.8 percent in reported terms versus the identical prior-year period. The organic growth got here in 260 basis points ahead of monetary analysts’ consensus, in response to Bruno Monteyne, an analyst at Bernstein, in a note. Unilever’s price growth has improved for seven consecutive quarters, reaching 12.5 percent in...
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