Mulberry's trading update has revealed that — unlike many companies in the wake of lockdowns in the last year — it will report “a small underlying profit before tax” for the 12 months to the end of last month (FY21).
Alphabet on Tuesday reported record profit for the second consecutive quarter and a $50 billion share buyback but warned a surge in usage and ad sales during the pandemic may slow as people resume in-person activities.
The Colorado-based footwear company announced first-quarter revenues of $460.1 million on Tuesday, up 63.6% from $281.2 million in the same period in the previous year, with growth led by the direct-to-consumer channel.
In a bid to fund international growth, Nitin Passi, the head of online fashion retailer Missguided, is preparing to sell a minor share in the business, ahead of a possible larger stake sale or stock market floatation.
The beauty giant unveiled its new growth strategy at an investor event on Friday, revealing plans to reposition brands in its consumer beauty and skincare portfolios, and accelerate growth in prestige, China and digital.
French luxury goods group LVMH will increase its stake in fashion company Tod’s to 10%, Tod’s said, in a move which sources described as “friendly support” for the Italian struggling leather goods maker.
The footwear company reported earnings of $98.6 million for the first quarter, an increase of 100.8% from $49.1 million in the same period in the previous year, thanks to sales that the group described as a Q1 record.
Luxury puffer jacket maker Moncler said on Thursday sales increased by 21% at constant exchange rates in the first quarter of the year, pushed by a strong growth in Asia and solid signs of recovery in North America.