All articles by Staff Writer
Staff Writer
Hermès Posts Record €13.4 Billion Revenues for 2023, Reflecting 15.7% Year-on-Year Growth
Luxury conglomerate Hermès unveiled its comprehensive financial report for the fiscal year 2023 on February 9th, revealing a surge in revenues to €13.4 billion, marking a substantial 15.7% increase compared to the previous year.
Deckers Brands Reports Strong Third Quarter Fiscal 2024 Financial Results
Deckers Brands, a prominent player in the industry renowned for its inventive footwear, apparel, and accessories, has unveiled its financial performance for the third fiscal quarter concluding on December 31, 2023. Alongside this disclosure, the company has also furnished insights into its projected financial trajectory for the entire fiscal year, slated to conclude on March 31, 2024.
Stahl expands ZDHC level 3-certified portfolio
Stahl, the world leader in speciality coatings and treatments for flexible substrates, has achieved Zero Discharge of Hazardous Chemicals (ZDHC) MRSL 3.1 Gateway certification for 2,151 products in its portfolio. This achievement underlines Stahl’s ongoing commitment to the ZDHC mission of achieving the highest standards for sustainable chemical management.
Macy’s, Inc. Rejects Unsolicited Proposal from Arkhouse and Brigade
Macy’s has officially acknowledged the receipt of an unsolicited, non-binding proposal from Arkhouse Management Co. LP and Brigade Capital Management, LP on 1 December 2023. The proposal suggests acquiring all outstanding shares of Macy’s at a price of $21.00 per share in cash. The Macy’s, Inc. Board of Directors has critically assessed this non-binding proposal and has determined that it does not constitute sufficient grounds to enter into a non-disclosure agreement or disclose any due diligence information to Arkhouse and Brigade.
EU Cracks Down on Greenwashing and Misleading Environmental Claims
Parliament has granted final approval to a directive aimed at enhancing product labelling standards and prohibiting the use of deceptive environmental assertions. The directive, which garnered 593 votes in favour, 21 against, and 14 abstentions, is designed to safeguard consumers from deceptive marketing practices and empower them to make more informed purchasing decisions. The EU has expanded its list of proscribed commercial practices to address problematic marketing behaviours such as greenwashing and the premature obsolescence of products.
Ambiente exhibitors offer solutions for the international contract business
Frankfurt am Main, January 2024. Ambiente will once again be the global meeting place for contract business from 26 to 30 January 2024. From hospitality to office, trade buyers can look forward to many renowned specialised exhibitors – these are marked with the Special Interest Contract Business. The contract business guide on display at the exhibition centre as well as the online exhibitor search provide additional orientation and point the way to suitable business partners.
Stahl takes next step in strategic journey with refreshed visual brand identity
Stahl, the world leader in speciality coatings and treatments for flexible substrates, proudly announces the launch of its new visual brand identity, marking an important step in Stahl’s strategic journey.
CoupangElevates Global Retail Dominance with Strategic Acquisition of Farfetch Holding
Coupang, Inc., a prominent global retailer, recently unveiled its strategic acquisition plan for the business and assets of Farfetch Holdings plc, a top-tier online luxury company. With this move, Coupang is poised to emerge as a frontrunner in the expansive $400 billion global personal luxury goods segment.
American Outdoor Brands Appoints James Tayon to Chief Product Officer
James Tayon has been appointed as the Chief Product Officer at American Outdoor Brands (AOB). In this role, he will continue to spearhead the strategic product direction for the company, overseeing areas such as product innovation, design, development, and marketing. His promotion comes after serving as the Vice President of Marketing and Product Development since February 2021.
Saint Laurent Unveils Cutting-Edge Leather Goods Atelier in Tuscany
Saint Laurent, under the ownership of the luxury conglomerate Kering, has inaugurated a significant leather goods atelier in Tuscany. The renowned fashion label has established a sprawling 28,700 square-meter workshop in Scandicci, located on the outskirts of Florence. This state-of-the-art facility is dedicated to the production of prototypes for Saint Laurent’s leather accessories, crafting product samples, and fulfilling special orders and bespoke requests for its primary clientele.