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Africa’s Top Clothes Retailer Reports Decline in Earnings and Leadership Change

Pepkor Holdings Ltd. replaced the head of its Ackermans unit after Africa’s largest clothing retailer posted a drop in first-half earnings as it failed to get the right summer fashion mix.

Tue May 30, 2023 23:35
Can China’s Cosmetics Giant Florasis Crack America?

The brand known for its traditional and ornate Chinese aesthetic will be one of the first major C-beauty players to go global when it touches down in the US and Japan later this year.

Tue May 30, 2023 22:05
LVMH Shelves Plans for Rodeo Drive Hotel After Local Opposition

While some votes remain to be counted, LVMH confirmed that two measures on the Cheval Blanc Beverly Hills project have fallen short by a “narrow margin.” The final results will be certified on June 2.

Tue May 30, 2023 20:35
UK Shop Price Inflation Strikes New Record High

British shop price inflation picked up this month to reach its highest rate since industry records began in 2005, although growth in food prices cooled slightly, a survey showed on Tuesday.

Tue May 30, 2023 19:05
Turkey’s Apparel Industry Outlines Post-Election Priorities for President

The country’s runoff election came to an end on May 28 with the incumbent Recep Tayyip Erdogan securing another term, prompting calls for economic stability from sector leaders in the fashion manufacturing hub.

Tue May 30, 2023 13:02
BoF LIVE | Inside Hermès’ Best-in-Class Leather Goods Strategy

Join us for a special Masterclass, as BoF’s luxury editor Robert Williams, along with a panel of experts, unpack our latest case study Inside Hermès’ Best-in-Class Leather Goods Strategy.

Tue May 30, 2023 13:02

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