Business

Amazon triples quarterly profit as cloud, ads and retail businesses thrive

E-commerce titan Amazon on Tuesday said profit in the first three months of 2024 tripled. Amazon shares were up about one percent in after-market trades that followed release of the earnings figures, with Wall Street keeping a close eye on the impact of AI as well as costs involved. "It was a good start to the year across the business," Amazon...

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Business

Lanvin Group maintains growth momentum in 2023

Lanvin Group full year revenue of 426 million euros, increased 1 percent; and gross profit was 251 million euros, representing a 59 percent gross margin, a 250 bps increase versus 2022. Commenting on the full year trading, Zhen Huang, chairman of Lanvin Group, said: "In reviewing our 2023, I thought back to the resiliency we showed during the...

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Business

Taipei Fashion Week and beyond: 5 Emerging Taiwanese talents to know

In recent years, few Taiwanese designers have managed to capture the market on a global scale, yet the local industry is budding with emerging talent that is beginning to draw in much deserved attention. Alongside this, the country is also beginning to increasingly experiment and invest in its biannual Taipei Fashion Week, which came to a close...

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Business

Sales decline in North America impacts Adidas' Q1 results

In the first quarter, currency-neutral revenues at Adidas increased 8 percent driven by the strong momentum of the underlying Adidas business, which grew 5 percent. In addition, the sale of parts of the remaining Yeezy inventory generated revenues of around 150 million euros during the quarter. In euro terms, the company’s revenues grew 4...

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