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Management

Watches of Switzerland Q4 sales rise, "cautiously optimistic" about FY25

In the fourth quarter, revenue of 380 million pounds at Watches of Switzerland increased 4 percent at constant currency and 3 percent at reported rates, while luxury watches revenue rose 5 percent at constant currency and 3 percent at reported rates, with particularly strong performance in the US. Full year group revenue of 1,538 million pounds,...

Management

Shiseido reports Q1 loss, net sales up 3.9 percent

First quarter net sales at Shiseido increased 3.9 percent to 249.5 billion Japanese yen on a reported basis and decreased 2.7 percent on a FX-neutral basis. The company said in a release that net sales rose 3.2 percent on a like-for-like basis, excluding the impacts of foreign exchange translation and business transfers, as well as the...

Management |OPINION

Burberry's sales slump signals struggle to realise potential

In a seemingly perpetual turnaround, Burberry's latest results, unveiled on Wednesday, illustrate the ongoing struggle for the brand to attract shoppers to its contemporary British luxury wares. Despite its efforts, Burberry's sales plummeted by 12 percent in the first quarter, accompanied by a sharp decline in share prices over the past year,...

Management

The Brand Group acquires British label Roksanda

London-based luxury womenswear brand Roksanda has been acquired by The Brand Group (TBG), a global consumer-driven brand development and operating business headed up by fashion entrepreneur and brand builder Damian Hopkins. In a statement, TBG said that its acquisition of popular London Fashion Week label Roksanda is part of its new growth...

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