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P&G posts higher than expected profits but disappoints on revenue
The American consumer goods conglomerate announced second-quarter profits that beat analysts’ expectations on Thursday, but posted revenues that came in under estimates, despite strong growth in health care and beauty.
today
Cosmetics
Business
Givaudan expects 4-5% sales growth this year after strong 2019
Fragrance and flavor maker Givaudan said it was confident of delivering like-for-like sales growth of between 4% and 5% this year, within its mid-term target range, implying a slowdown from 5.8% growth last year.
today
Miscellaneous
Business
Amazon is world's most valuable brand as it breaks $200bn mark
Amazon has made history as the first brand in the world to be worth over $200 billion (£153bn), defending its position as the world’s most valuable brand for the third consecutive year.
today
Miscellaneous
Business
Sneakers Summit about to kick off in Paris
The first edition of the event celebrating sneaker culture, originally scheduled for last November, will finally take place at the Paris Event Centre in the French capital on January 25 and 26.
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Footwear
Business
Design
American brand Amiri sues Zara for allegedly copying jeans
Designer Mike Amiri's namesake brand is suing Zara for $3 million, for selling jeans that it alleges Inditex's flagship banner copied from its AMIRI MX2 design.
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Denim
Industry
London Show Rooms reveal new British design talent at Paris Fashion Week Men’s
The London Show Rooms, part of Parisian trade show Tranoï since 2017, have introduced new British fashion talents like ready-to-wear label Ahluwalia and jewellery brand Hatton Labs during Paris Fashion Week Men’s.
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Home decor
Design
European Commission launches sustainable fashion competition
Submissions are now open for a new fashion competition from the European Commission, which will award a combined €150,000 to three early-stage sustainable fashion projects.
today
Miscellaneous
Design
Jonathan Anderson to chair fashion jury at Hyères Festival 2020
Irish designer Jonathan Anderson, founder of the JW Anderson label and the creative director of Loewe, will chair the fashion competition’s jury at the 35th edition of the Hyères International Fashion Festival.
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Ready-to-wear
Design
Appointments
Puig names new president at Dries Van Noten
In the first business development since it was acquired by Puig in 2018, Dries Van Noten has appointed Matteo de Rosa as president. The former Ports 1961 managing director will join on 1 February.
today
Ready-to-wear
Appointments
Mothercare CEO steps down as it works through recovery plan
Mothercare’s stores may have been closed in the UK but the company is continuing as a brand owner and on Thursday it updated us on the transformation plan it unveiled back in November.
today
Miscellaneous
Appointments
Bimba y Lola appoints inaugural board of directors
Industry veterans including the former CEO of Inditex and the co-founder of Adolfo Domínquez are joining Bimba y Lola's first-ever board of directors. Brand co-founder Uxía Domínquez will act as chair.
today
Ready-to-wear
Appointments
Escada CEO Iris Epple-Righi steps down
CEO Iris Epple-Righi is no longer with the German luxury label, which was bought by US private equity firm Regent last autumn. She left of her own initiative, according to an article published in the German media.
today
Miscellaneous
Appointments
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Louis Vuitton ouvrira son plus grand magasin avec un restaurant annexe au Japon en février
Perú
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H&M Chile y su sindicato de trabajadores logran un acuerdo de reducción de horas laborales
Brasil
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Mormaii lança linha de óculos de sol assinada pela Família Nalu
Россия
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Tom Tailor выходит в Иркутск
India
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India likely to raise import duties on more than 50 items
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