The Italian label brought in half a billion euros in the first nine months of the fiscal year, jumping more than 32% compared to the same period in the previous year, thanks to double-figure growth across all markets.
Tomorrow is continuing its drive to buy some of the most interesting fashion labels and has just announced its majority investment in British menswear business Martine Rose, led by its eponymous founder.
The Italian luxury group has turned profitable again, and was extremely buoyant in the first six months of the year, driven by China and Thom Browne, the label it acquired in 2018, whose sales doubled.
We could be hearing a lot more from streetwear brand Hera London in the near future with Gymshark director and ex-Chairman Paul Richardson having bought control of the streetwear firm. He’s also now Executive Chairman.
The retail revival of London’s West End is gathering pace, major landlord Shaftesbury said on Thursday. Business is bouncing back post-lockdowns with the Carnaby Street owner citing a further reduction in available-to-let vacancies.
Consumer goods mega-giant Unilever had good news Thursday as it beat Q3 growth predictions and kept to its full-year profit margin guidance due to its brand power enabling it to hike prices to cope with rising costs.
Luxury giant Hermès said its sales grew by 31% in the third quarter, beating market expectations even as the pace of the rebound from the fallout of the coronavirus pandemic slowed down from the previous three months.
U.S. online holiday spending is expected to grow at its slowest pace in at least eight years, as product shortages, higher prices and pandemic-related uncertainties threaten to put a strain on the shopping season.
PayPal has offered to buy Pinterest for $45 billion, people familiar with the matter said on Wednesday, a combination that could herald more tie-ups between financial technology and social media companies in e-commerce.