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Kering-owned McQueen considers job cuts at its headquarters

Fashion brand Alexander McQueen is “launching a strategic review” amid a wider ongoing turnaround at its parent company Kering. The brand is considering 55 redundancies at its London-based headquarters, Kering confirmed on Thursday, following a report by WWD. These 55 positions represent 20 percent of the headquarters' workforce, Kering...

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Mango uses digital tools to assess and improve working conditions in its supply chain

Spanish group Mango has announced a strategic partnership with Quizrr, a Swedish educational technology (EdTech) platform specialising in digital training on sustainability and human rights in supply chains. The agreement aims to strengthen sustainability and the protection of labour rights throughout the company's global production network,...

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Prada Group retail sales grow by 9 percent in first nine months of 2025

Prada S.p.A. reported net revenues of 4.07 billion euros in the first nine months of the year, an increase of 9 percent year-over-year at constant exchange rates. This marks the group's 19th consecutive quarter of growth. According to data reviewed and approved today by the Prada S.p.A. board of directors, retail sales amounted to 3.65 billion...

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Ermenegildo Zegna Group reports slight revenue increase in third quarter

Italian fashion group Ermenegildo Zegna NV slightly increased its revenue in the third quarter of the 2025 financial year. This marks a return to growth after a decline in the first half of the year. The update comes from preliminary figures the company published on Thursday. Group revenue for the period from July to September amounted to 398.2...

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Kering shares rise after third-quarter sales beat expectations

Shares in the French luxury group Kering rose sharply on the Paris Stock Exchange on Thursday. This followed the release of its third-quarter sales, which, despite a 10 percent decline, surpassed market expectations. The stock was up sharply by 8.12 percent to 332.35 euros at around 9:25 am CET, in a market that rose by 0.27 percent. “Kering has...

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Strong interest in new H&M bonds, 500 million euros raised

H&M Group has issued new bonds for the first time in two years. This secured the group long-term financing and raised 500 million euros. Investor interest was high, with demand seven times higher, the group reports. In brief: A bond is a loan a company takes out from investors. This money is repaid at a later date. By issuing bonds, a company...

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Quince scores partial win against Deckers in Ugg dispute

A federal judge has granted luxury label Quince a partial victory in its ongoing legal battle with Deckers Outdoor Corporation, the parent company of Ugg boots. The US District Court for the Northern District of California ruled that two of Deckers’ claimed Ugg trade dresses, the Classic Ultra Mini and the Tasman, are generic and therefore not...

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SMCP achieves marginal Q3 sales growth amid French and Asian challenges

Sales for the ready-to-wear group SMCP, parent company of the Sandro, Maje, Claudie Pierlot and Fursac brands, increased by 0.6 percent year-over-year in the third quarter. The company reached 295.4 million euros, with growth in all geographical areas except for France and Asia. In France, turnover reached 97 million euros in the third quarter,...

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Gucci continues to weigh on results: Kering reports 10 percent revenue decline in Q3

Kering announced a 10 percent revenue decline for the third quarter on Wednesday. This is the first financial release since Luca de Meo took office in September as the new chief executive officer, tasked with getting the luxury group back on track. Revenue fell to 3.4 billion euros, a decline less severe than in previous quarters. However,...

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Reliance Retail's quick commerce strategy fuels growth in Q2 FY26

Reliance Industries' retail arm, Reliance Retail, reported a robust performance in its second-quarter (Q2 FY26) earnings, with overall revenue growing 19 percent year-on-year, marking a seven-quarter high. This growth was significantly aided by a strategic pivot toward quick commerce (QC) and expansion across key categories. The company added...

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Avery Dennison Q3 earnings exceed expectations

Avery Dennison Corporation reported preliminary, unaudited results for its third quarter ended September 27, 2025, delivering earnings above expectations despite a continued dynamic environment. Reported EPS for the quarter was 2.13 dollars and adjusted EPS was 2.37 dollars, up 2 percent, while net sales of 2.2 billion dollars, increased by 1.5...

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L'Oréal deal to 'help us lighten the ship and relaunch our fashion brands' - Kering's Luca de Meo

Kering, which has been trying to revive its flagship brand Gucci for years, will present its third-quarter revenue on Wednesday. This is the first financial publication since Luca de Meo's arrival in September as chief executive officer to turn around the luxury group. This publication comes 72 hours after the announcement of the sale of...