Companies

Sales for the French conglomerate’s leading brand plummet by 26%, cutting recurring profit to less than half of what it was in the same stretch of 2024. Yves Saint Laurent experiences an 11% decrease, as Bottega Veneta holds steady.

The Italian company specialized in men’s fashion will receive $126.4 million in exchange for the sale of 14.1 million shares to the Temasek investment group, following the fall in results since 2024.

The British fashion group is set to unveil its first two UK stores since the widespread closures of 2024, marking a strategic move in its restructuring plan following last year’s profit slump.

The French fashion conglomerate stays on course this year, recording €304.5 million in sales from April to June, thanks to its full-price strategy, U.S. expansion, and stable performance in Europe.

For the second time this year, the American sportswear giant has turned to rival Nike to fill key leadership roles. Last year, it was Tanya Flynn who transitioned to head of design.

The Swedish group expects to start operating in the country in August, the same month in which it will also launch its ecommerce nationwide. Dates for the next two openings in Brazil have not yet been announced.

The Mexican department store group, one of the largest in the world, reduced its profit due to the increase in the minimum wage, as well as exchange rates and the impact of changes in tariff policy.

French optical giant sees flat North American performance in first half, while European growth continues. EssilorLuxottica reports a 3.1% rise in net income.

Marking a significant partnership, the Uruguayan women’s fashion company will exclusively handle the historic US underwear and essentials brand in markets including Brazil, Colombia, Ecuador, Panama, Paraguay, and Uruguay.

With a 5% increase, the Italian firm has hit 79 million euros in revenue. Owner Hussain Sajwani is committed to providing financial backing until the company is back in the black.

One year into Claudio Sforza’s leadership as CEO, the Italian company is seeing positive outcomes from a restructuring initiative that led to shutting down production centers and stores, with a workforce reduction of 400 employees.

The U.S.-based jewelry and accessories brand for young girls and teens, which boasts 239 stores and 1,258 employees in France, is now exploring the sale of its operations in the country.

After establishing a presence in Barcelona and Madrid last year, the American fashion and sports equipment powerhouse opens a new store in the city of San Sebastian. The brand now eyes expansion into the northern territories.

The French luxury titan is in talks with companies like Authentic Brands to offload the American label, which it has held since 1997. This move comes amid a global slowdown in luxury sales.

With a €247 million loss in the second quarter, the German athletic gear group recorded €1.94 billion in sales, reflecting a 2% decrease from the corresponding 2024 timeframe.

Facing a critical juncture, investors are urged to back a restructuring strategy that includes closing 33 locations and cutting rental costs. The UK firm is in dire need of a 10 million pounds capital injection.

Expanding its luxury production landscape, LVMH will inaugurate a fourth Louis Vuitton factory in the U.S., alongside its four Tiffany sites, aiming for an opening by the end of 2026 or start of 2027.

The French luxury conglomerate is stepping back from low-return emerging ventures. Its withdrawal from the British investment occurs amid strategic restructuring and an impending executive leadership change.

The U.S. group closed the first three months of the year at a good pace, although it suffered in its home market, the United States, with a 2.8% decline. Like-for-like retail sales declined by 2.2%.

The mexican department store group has wrapped up the first half of the fiscal year with revenues hitting $1.47 billion and a net income of $75 million, while also refreshing its executive team.

The French luxury titan wraps up the first half of the year with revenues reaching €39.81 billion and a net income of €5.69 billion, as its fashion division records an 8% dip in sales.

The American cosmetics, accessories, and jewelry company boasts a network of over 2,700 stores across the United States, Canada, the Middle East, Africa, and Europe. Formal offers are expected to roll out in the coming weeks.

The cosmetics and accessories brand is set to expand its retail footprint in the United States and boost its digital presence on platforms like TikTok Shop. In Mexico, the brand will increase its reach by entering Ulta Beauty.

Leadership shake-up at Italian shoe company as Enrico Mistron steps down, just months after assuming the role in March 2024. The brand is navigating a restructuring strategy introduced at the start of 2025.

Posting €4,46 billion in sales, the fragrance group credits its success to Coach and Lacoste perfumes and a thriving North American sector. The outlook for the second half remains uncertain, according to the company.

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