Luxury goods: in the 1st half, LVMH cannot escape market slowdown Europe On July 23, LVMH (2023 sales: €86.15 billion, up 9%, after a 23% increase in 2022) published results for the first half to the end of June.…
Despite escapades, Temu’s owner triples Q1 profit Asia On May 22, China’s Pinduoduo (founded in 2015), parent company of the controversial Temu, announced quarterly results.…
Hampered by geopolitical tensions, Majid Al Futtaim ends 2023 almost at a standstill Africa, Middle East Affected by the Israeli-Palestinian conflict and the devaluation of the Egyptian currency, Majid Al Futtaim unveiled mixed financial results for 2023.
Nike cuts 2% of workforce to reduce costs Americas At Nike, the layoff of 1,600 staff, announced on February 15, 2024,…
Fashion: Why omnichannel players are gaining in profitability and e-commerce is suffering, in 6 charts Mind Retail analysed the financial results of the 12 largest fashion retailers between 2019 and 2022, to understand performance in terms of sales and profitability. As a result of the multiple crisis factors of recent years, omnichannel retailers such as Inditex, Nike and Fast Retailing are the most profitable. Discounters such as TJX are also doing well in an inflationary environment. E-tailers are facing the limits of their 100% digital model, while returns rates are undermining their business model.
L’Occitane confirms that its owner is considering a takeover Asia The cosmetics group, which grew by 20% in the last financial year, is considering a privatisation. On Monday 4 September, trading in the company's shares was once again suspended on the Hong Kong stock exchange.
