Financial Reporting
Earnings: Burberry, Richemont Brave China Headwinds While Swatch Group Shoots For Record 2023
Despite tanking sales in December, luxury brands are hopeful that China’s reopening and Lunar New Year festivities will spell a more prosperous 2023. Read More
Bernard Arnault’s LVMH Becomes First European Company To Break €400 Billion Market Value
LVMH has cemented its standing as Europe’s most valuable company, further distancing itself from competitors. What accounts for its tremendous success? Read More
2022 Financial Results: Lululemon Got Local In China, While Calvin Klein, Tommy Hilfiger Made Global Waves
China remains a key driver of the fashion industry’s long-term growth. So how did global players perform there at the end of 2022? Read More
Earnings: Ralph Lauren Charges Ahead While Canada Goose, Adidas Brace For China Setbacks
While Ralph Lauren posts better-than-expected profits and maintains an optimistic outlook for the year, other fashion players are slashing their forecasts. Read More
Hermès, L’Oréal Bounce Back In China Despite Ongoing Lockdowns
Despite whispers of a looming recession, luxury groups are posting strong sales figures thanks to Chinese demand for high-end bags and beauty products. Read More
Stefano Ricci Marks 50th Anniversary With Ancient Luxor Extravaganza And Doubles Down On China Expansion
The menswear company opened its first boutique in Shanghai in 1993. Today, despite pandemic restrictions, a second outpost in Beijing is in the works. Read More
Tod’s Returns To Profitability While Nike Feels The China Squeeze
Despite beating estimates and boosting global sales, Ferragamo, Tod’s, and Nike all felt the effects of China’s COVID-19 restrictions on their bottom line. Read More
JD.Com, Anta Beat Industry Rivals While Capri Gives Conservative Outlook
Despite being hit by COVID-19 disruptions, JD.com managed to outpace China’s retail industry and invite a flurry of luxury brands to its platform. Read More
L’Oréal Shines In China As Hermès, Kering Keep Quiet On 2023 Outlooks
While luxury brand sales fell in the second quarter due to store closures, L’Oréal bucked the trend thanks to China’s voracious beauty appetite. Read More
Capri, Nike Temper Q1 Forecast As China Remains Uncertain
COVID-19 headwinds in China continue to deal blows to bottom lines. How have the biggest companies navigated these obstacles? Read More
