Categories: Fashion Business

Saks’ Stumble No Surprise

Posted by: Charles DuBow on August 19

Saks (SKS) just reported a wider second quarter loss. I’m going to go out on a limb here and say that I am not surprised. No, not because the U.S….

Estee Lauder Benefits From Weak Dollar

Posted by: Charles DuBow on August 14

Like nearly every other U.S.-based luxury goods company Estee Lauder (EL) is benefiting from a weak dollar and strong overseas sales. The New York cosmetics company announced Thursday that profits…

Jil Sander for Sale—Again?

Posted by: Charles DuBow on July 30

Blogger Diedre Woollard over at Luxist has a post today that German fashion house Jil Sander could be for sale—again. It’s been a rough couple of years for the label….

Coach Cautious About 2009

Posted by: Charles DuBow on July 29

Luxury products blog—and guilty pleasure—Luxist has a nice post today on Coach (COH), which announced just its fourth quarter earnings. Like many other luxury products and services companies, the handbag…

LVMH Sees Strong Gains Overall But Weakness in Wine & Spirits

Posted by: Charles DuBow on July 29

When the going gets tough, the tough drink cheaper booze. LVMH Moet Hennessy Louis Vuitton (LVMH) announced Tuesday that its first-half profit growth slowed due to weaker demand for premium…

Gucci’s Owner Posts Fashionably Late Sales Increase

Posted by: Charles DuBow on July 23

Better late than never, they say. PPR SA (PRTP), the French luxury conglomerate that owns luxury brands such as Gucci and Yves Saint Laurent, as well as European book and…

Waiting for the Luxury Shoe to Drop?

Posted by: Charles DuBow on July 22

In line with its peers at the upper end of the luxury business, Hermes (HRMS)has so far been immune to the global economic downturn. On Tuesday the 171-year-old Parisian company…

Burberry’s Stellar 2008

Posted by: Charles DuBow on July 17

Burberry’s stock price is unfashionably up. British fashion-house Burberry Group PLC (BRBY) continues its stellar 2008. Back in May it announced that it had posted a 15% gain in…

Burberry’s Better Half

Posted by: Charles DuBow on May 28

The Warrior bag is carrying Burberry, instead of the other way around. Ho ho, what’s this? Burberry Group PLC (BRBY) reported its earnings today and, lo and behold, it…

Saks Sags

Posted by: Charles DuBow on May 20

Quick—what’s the difference between Saks (SKS) and Hermes (HRMS)? Well, that’s a bit unfair as there are many differences but both are high-end retailers. The difference I had in mind…

Arnaults Denies Hermes Bid

Posted by: Charles DuBow on May 16

According to a report from Dow Jones, French billionaire Bernard Arnault, the chairman and CEO of the LVMH Moet-Hennessy Louis Vuitton (LVMH), denies reports earlier this week that his company…

Valentino to Double Sales

Posted by: Charles DuBow on May 12

Valentino is a label synonymous with red carpets and catwalks, but Stefano Sassi, the CEO of Valentino Fashion Group, wants to make the brand more accessible. He plans to double…

Hermes Bid Rumors

Posted by: Charles DuBow on May 12

Could Hermes (HRMS) soon be selling more than Birkin bags and its trademark silk ties and scarves? Shares of the Paris-based luxury goods maker rose to record highs on Monday…

Hermes’ Haute Q1 Sales

Posted by: Charles DuBow on May 07

Who says there’s a recession? Certainly not the haute bourgeosie that comprise the majority of those who shop at Paris-based luxury chain Hermes. According to a report today in WWD,…

Will Burberry Be Bought?

Posted by: Charles DuBow on April 30

Is Coach mad for plaid? London-based Burberry Group Plc rose to a three-month high today on speculation that the luxury goods company was in play. Manhattan-based leather goods maker Coach…

Prada IPO a Go?

Posted by: Charles DuBow on February 08

A report from Reuters this morning says that Prada is likely to take itself public this year. This comes despite Tommy Hilfiger’s decision to temporarily shelve its IPO and growing…

Fashionably Low Earnings for Polo Ralph Lauren?

Posted by: Charles DuBow on February 04

Polo anyone? Anyone? On Wednesday, Feb. 6, Polo Ralph Lauren (RL) will announce its third-quarter earnings and the consensus seems that the fashion giant’s newest line should be called…

Seeing Into Luxottica’s Future

Posted by: Charles DuBow on January 30

Luxottica’s share price is down sharply since the end of 2007 Are Luxottica’s glasses fogged? The Milanese eyewear giant announced its annual results on Jan. 29, reporting consolidated sales…

Hilfiger Holds, Is Prada Next?

Posted by: Charles DuBow on January 25

Tommy Hilfiger has put his planned European IPO on hold amid concerns about a global slowdown in consumer spending, according to a report today in the New York Post. Apax…

Good Times at Gucci

Posted by: Charles DuBow on January 24

Have rumors of the death of the luxury sector been greatly exaggerated? In recent days many of the best-known and biggest companies in the sector, such as Richemont and Luxottica,…

Burberry’s Checkered Quarter

Posted by: Charles DuBow on January 16

What are they all looking at? Not bigger profits. A report this morning in the Wall Street Journal says that British luxury retailer Burberry Group PLC(BRBY) may miss its…

Retailers at Risk?

Posted by: Charles DuBow on January 10

Even the rich are keeping their hands in their pockets. A report from Bloomberg this morning says that owing to an unexpected decline in December sales at Marks & Spencer…

Tommy Designs an IPO

Posted by: Charles DuBow on January 08

Tommy Hilfiger; Public figure Most fashion designers are lucky if they can take their brand public once but not Tommy Hilfiger. The big-toothed, Elmira, N.Y., native who won the…

Polo Anyone?

Posted by: Charles DuBow on January 07

Polo Ralph Lauren (nyse: RL) has been on a roller coaster this year as the stock price scooted down from an all-time high of $102.58 in July to just…

Public Prada?

Posted by: Charles DuBow on December 21

This week Italian fashion house Prada SpA announced that they had selected Goldman Sachs Group Inc., Intesa Sanpaolo SpA and UniCredit SpA to take it public some time next year….