Steve Madden on Wednesday reported sales and earnings for the first quarter of 2024 that beat expectations. Revenues in the first quarter were $552.4 million, up 19.1 percent compared to the same quarter in 2023. Adjusted net income was $47 million, or 65 cents per diluted share, compared to $37.6 million and 50 cents per...Read More
Is the Estée Lauder Cos. finally turning a corner? The beauty company, which has been struggling amid slower demand in Asia and at home, beat Wall Street forecasts on the top and bottom lines in the third quarter of its fiscal 2024 and lifted its annual profit outlook. The owner of Mac, Jo Malone, La Mer, Tom...Read More
NEW YORK — Every night, millions of people tape their mouths shut before dozing off, hoping they’ve discovered the secret to deeper, uninterrupted sleep – and potentially a more defined jawline. As bizarre as this may sound – and despite scepticism from many scientists who study sleep – #mouthtape has over 200 million views on...Read More
It’s no secret Ralph Lauren has had a lifelong love affair with cars. With a personal and almost priceless collection that includes a 1929 Blower Bentley, a 1938 Bugatti Type 57SC Atlantic Coupe, a 1955 Mercedes Benz 300 SL Gullwing Coupe and a McLaren F1 Race Car — not to mention several Porsches, Jaguars and...Read More
Zara owner Inditex demanded more transparency from a certifier that vets some of the cotton used by the Spanish fashion giant following an investigation that found evidence of malpractice by two Brazilian certified cotton producers. Inditex sent a letter dated April 8 to Better Cotton CEO Alan McClay asking for clarity on the certification process and...Read More
Lanvin has tapped Erwin Wurm, the renowned Austrian conceptual artist, to collaborate on the second installment of Lanvin Lab, an experimental program that allows the brand to cross-pollinate with creatives from various industries. For the collaboration, Wurm created a large-scale sculpture of a leggy creature in Lanvin blue that incorporated the brand’s Cash Sneaker and...Read More
The head of Rolex SA said viewing luxury watches as investments is dangerous following a surge in interest from speculators during the pandemic. “I don’t like it when people compare watches with stocks. This sends the wrong message and is dangerous,” chief executive officer Jean-Frédéric Dufour said in a rare interview with Swiss newspaper NZZ...Read More
MILAN – Competition in retail real estate is heating up. Kering said Thursday that it has acquired a storied building on luxury thoroughfare Via Montenapleone in Milan. The transaction with the building’s former owner, a subsidiary of Blackstone Property Partners Europe, was valued 1.3 billion euros. The 18th-century palazzo, one of the largest on the street...Read More
