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Articles

Unilever's Q1 mixes strength and weakness

1 day ago | us.fashionnetwork.com | Sandra Halliday

Consumer products giant Unilever has reported its Q1 results and they show varying performances across its different divisions. The Anglo-Dutch consumer products giant has operations ranging from foods to household goods, personal care and beauty. And it’s these last two units that we’ll focus on. Overall turnover fell 0.9% to €14.8 billion although underlying sales growth (USG) was 3%. In Beauty & Wellbeing, turnover rose 2.9% to €3.3 billion and was up 4.1% on a USG basis.
ASOS on the right track with profitability boost despite ongoing sales fall

1 day ago | us.fashionnetwork.com | Sandra Halliday

Closely-watched ASOS has released its results for the half-year to 2 March and said that its “new commercial model” is driving a “profitability transformation”. That statement refers to its positive adjusted EBITDA, which was up around £60 million year-on-year (YoY) in H1, driven not just by the new commercial model but also by “sustained cost discipline”. Its gross margin also improved during the period.
Alessandro and Lorenzo Boglione named co-CEOs of BasicNet, parent company of K-Way and Superga

1 week ago | us.fashionnetwork.com | Elena Passeri

Reading time 2 minutes Download Print Text size The Italian fashion and lifestyle group BasicNet has named Alessandro and Lorenzo Boglione its new co-chief executive officers. The announcement was made during the company's annual shareholders' meeting on April 17 in Turin. The leadership transition marks the end of Federico Trono's tenure as CEO after two terms.
Toni Belloni: "Bulgari is a shining example of LVMH's ongoing commitment to Italy"

1 week ago | us.fashionnetwork.com | Elena Passeri

Reading time 3 minutes Download Print Text size Nothing seems to slow down French luxury giant LVMH. The world's leading luxury goods group closed the first quarter of 2025 with revenue reaching €20.3 billion despite the challenging market environment. Under its umbrella, historic Roman jeweler Bulgari inaugurated the expansion of its gold and jewelry manufacturing site in Valenza, a town in Italy's Piedmont region.
Revlon names new North America president

1 week ago | us.fashionnetwork.com | Benjamin Fitzgerald

Revlon Group Holdings announced on Wednesday that Dana Medema has been appointed to the role of president, North America, effective May 5. Medema will report directly to the New York beauty firm's chief executive officer, Michelle Peluso. She succeeds Geralyn Breig, who joined Revlon in 2023 as president, North America to lead the region’s transition out of bankruptcy, and now returns to her corporate board work. She will support Medema’s transition through the month of May.
Desigual reports €332 million in 2024 revenue, with 7% growth in the U.S. market

1 week ago | us.fashionnetwork.com | Rocio Lopez

Reading time 2 minutes Download Print Text size Desigual ended its 2024 fiscal year with a turnover of €332 million, driven primarily by an increase in international sales and the strong performance of its online channel. Pretax profit reached €3.1 million, a slight increase from the €3.04 million recorded in the 2022 fiscal year—the most recent period with available data.
Paul Smith to stage next runway show in Milan

2 weeks ago | us.fashionnetwork.com | Godfrey Deeny

Reading time 2 minutes Download Print Text size Sir Paul Smith will stage his next runway show in Milan during the next menswear season in the Italian fashion capital in June, in a major change to the international catwalk calendar. The British designer will hold his show at 5PM on Saturday, June 21, the second day of the four-day Milan Uomo Moda.
Italian RTW label Velasca plans 37 new openings worldwide by 2028

2 weeks ago | us.fashionnetwork.com | Laura Galbiati

By Laura Galbiati Translated by Nicola Mira Published April 8, 2025 Driven by 9% revenue growth in fiscal 2024 to €23.5 million, Italian footwear and ready-to-wear label Velasca, founded in 2013 by Enrico Casati and Jacopo Sebastio, is stepping up the pace of its retail expansion. Velasca’s plan is to open 37 new stores by 2028, in Europe and beyond.
Cécred launches nationwide at Ulta Beauty

2 weeks ago | us.fashionnetwork.com | Jennifer Braun

Reading time 2 minutes Download Print Text size Cécred, the haircare brand founded by Beyoncé Knowles-Carter, launched on Sunday in over 1,400 Ulta Beauty stores across the United States and online, marking the biggest exclusive hair brand debut in the retailer’s history. At the heart of the launch is Cécred’s Foundation Collection, now fully available at Ulta Beauty.
Rolling Stones unveil upcycled capsule for RS No 9 label

2 weeks ago | us.fashionnetwork.com | Nigel Taylor

With an already extensive merchandise back catalogue to their name, The Rolling Stones have now now added an upcycled capsule collection to the line-up under the band's RS No 9 store banner. The line's been named 'Stones Reimaged', featuring apparel "that breathes new life into iconic graphics, creating exclusive and limited-edition pieces that give fans the opportunity to own a piece of rock history, all the while embracing an eco-friendly approach”.