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Business

Hugo Boss reports sales and profit growth

In the first quarter of 2024, Hugo Boss sales amounted to 1,014 million euros, an increase of 6 percent currency adjusted, with revenue improvements across both brands, all regions, and all distribution channels. In group currency, revenues expanded by 5 percent. The company said in a release that EBIT grew by 6 percent to 69 million euros,...

Business

Estée Lauder delivers Q3 sales and earnings growth

For the third quarter, The Estée Lauder Companies reported net sales of 3.94 billion dollars, an increase of 5 percent with organic net sales increase of 6 percent due to double-digit growth in Europe, the Middle East & Africa (EMEA), driven by stronger sales in Asia travel retail. The company’s third quarter net earnings rose to 330 million...

Business |Retail

Lounge reports positive growth and plans to continue retail expansion

Multi-channel underwear and apparel retailer Lounge has reported positive year-on-year growth due to growth in its international markets and retail expansion in the UK. The British-based brand has reported sales of 67.9 million pounds for the year ended June 30, a 6 percent increase and a pre-tax profit of 5.5 million pounds compared to the...

People

FKA Twigs joins On as creative partner for new training collection

Artist, singer, and dancer FKA Twigs has joined Swiss high-performance sportswear brand On as its creative partner to introduce its new training collection as it continues to deepen its investment in apparel. On’s expansion into training apparel will launch in September 2024, aiming to offer “bolder, high-performance pieces that enable any kind...