By Reuters Published October 8, 2024 Shein‘s British business made GBP1.55 billion ($2.03 billion) in revenue in 2023 and a profit before tax of GBP24.4 million, a filing by the online fast-fashion group showed on Tuesday, as the company prepares for a planned listing in London. Shein’s rapid growth, fuelled by its low-cost business model [...]read moreOnline retailer Shein’s 2023 sales hit $2 billion in UK
Translated by Nicola Mira Published Jul 31, 2024 In 2023, world footwear production output fell by 6% to 22.4 billion pairs, the lowest in the last decade except for 2020 and 2021, during the pandemic. The figure was reported in the World Footwear Yearbook 2024, recently published by Portuguese footwear association APICCAPS. World footwear production [...]read moreWorld footwear output down by 1.5 billion pairs in 2023
By Bloomberg Published Jul 27, 2024 Billionaire Kumar Mangalam Birla expects the consumer business of his $65 billion metals-to-fashion conglomerate growing to $25 billion in the next five years as he starts selling gold jewelry in the world’s second-biggest bullion market. Bloomberg “Around 20% of our Group’s revenue today comes from consumer businesses,” Birla, chairman [...]read moreBillionaire Birla sees his consumer business growing to $25 billion in next 5 years
By Europa Press Translated by Roberta HERRERA Published Jul 30, 2024 Procter & Gamble (P&G), the American giant known for brands such as Ausonia, Tampax, Pantene, and Ariel, closed its fiscal year with a net profit of $14.879 billion (€13.730 billion), marking a 1.5% increase from the previous year. P&G ends fiscal year with a [...]read moreP&G ends fiscal year with a 1.5% increase in profits to €13.730 billion
By Reuters Published Jul 16, 2024 Shoppers are likely to spend roughly $14 billion during Amazon‘s Prime Day two-day shopping event this week, according to projections from Adobe Analytics, a firm that studies e-commerce transaction data. Reuters Spending at Amazon on Tuesday and Wednesday could rise 10.5% from Prime Day 2023, Adobe said. The online [...]read moreAmazon Prime Day sales to hit record $14 billion, data firm says
Translated by Roberta HERRERA Published Jul 15, 2024 The Catalan fashion brand continues to break records. In the first half of the current fiscal year, Mango reported a 6.3% increase in sales, reaching €1.543 billion. This marks the highest first-half revenue in the brand’s 40-year history. Barcelona – Mango As detailed in a statement released [...]read moreMango boosts sales by 6.3% to €1.543 billion
Dolce & Gabbana is banking on beauty. The company’s beauty business, which will be brought back in-house in 2022 following the end of the licence granted to Shiseido, is booming and posting record figures. Two years after its launch, the Managing Director of DG Beauty, Gianluca Toniolo, talks to FashionNetwork.com about the initial progress made [...]read moreDolce & Gabbana beauty is worth €1.5 billion and aims to double this figure by 2027
By Reuters Published Jun 11, 2024 Golden Goose is aiming for a market capitalization of up to 1.86 billion euros ($2 billion) in its initial public offering on the Milan bourse, the Italian luxury sneaker maker said on Tuesday. Archivfoto The company set the price range for the share listing between 9.50 euros and 10.50 [...]read moreGolden Goose targets $2 billion market cap in Milan IPO
By Bloomberg Published Jun 6, 2024 The billionaire family behind Chanel will have pocketed $12.4 billion in payouts from the luxury brand’s earnings over the past three years, contributing to a massive increase in their personal wealth and underpinning efforts to diversify away from high fashion. See catwalkChanel – Cruise Collection2025 – Womenswear – Marseille [...]read moreChanel’s record dividend brings owners’ windfall to $12 Billion
By Europa Press Translated by Roberta HERRERA Published Jun 6, 2024 Tendam Brands, which encompasses labels including Women’secret, Springfield, Cortefiel, Pedro del Hierro, and Hoss Intropia, among others, saw total sales rise by 6.5% in its fiscal year 2023, which concluded on February 29, amounting to €1.288 billion, according to the group’s announcement on Thursday. [...]read moreTendam boosts sales by 6.5% in 2023, reaching €1.288 billion