In April, Volcom was sold by Kering to a pool of investors including the US brand’s management. It has ambitious plans for the future, as Todd Hymel, CEO of Volcom’s new owner Liberated Brands, told FashionNetwork.com.
The outdoor apparel and equipment retailer reported record-breaking annual net sales of $2.78 billion for fiscal 2018 on Tuesday and announced a series of initiatives aiming to promote equipment re-use in 2019.
The headline story on Thursday from Anglo-Dutch consumer products giant Unilever was that sales growth missed analyst expectations in Q4 and that this year would remain challenging. But behind that, beauty was strong.