Business

Coach brand drives Tapestry's strong Q1 results

Tapestry, Inc., the house of iconic accessories and lifestyle brands including Coach and Kate Spade, reported a strong start to its fiscal 2026 with first-quarter outperformance that surpassed revenue and earnings expectations. The company achieved 13 percent net sales growth to 1.70 billion dollars and saw non-GAAP earnings per diluted share...

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Rachid Mohamed Rachid: How a former Egyptian minister is shaping global luxury fashion

The fashion world is illustrious, not only on the catwalks and backstage during fashion weeks. The biographies of the industry's CEOs can be equally dazzling, such as that of Valentino's chairman, Rachid Mohamed Rachid. From engineering student to minister of trade Rachid was born in 1955 in the Egyptian city of Alexandria. The son of a merchant...

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Zalando: About You acquisition boosts quarterly revenue

On Thursday, the Berlin-based online fashion retailer Zalando SE presented its results for the third quarter of the 2025 financial year. The latest figures include contributions from About You for the first time, following the completion of the competitor's acquisition in July. Group revenue increases by 26.5 percent In the period from July to...

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Olivier Rousteing leaves Balmain after 14 years

French luxury house Balmain and creative director Olivier Rousteing are parting ways, the fashion house announced on Wednesday via social media. The announcement marks the end of one of the longest tenures in recent fashion history. “I am deeply proud of everything I have achieved, and infinitely grateful for my extraordinary team at Balmain, my...

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