According to fashion business news, in the first three quarters as of September 30, Hermes continued to lead, with sales rising by 57% to 6.6 billion euros, up 35% from the same period in 2019, and revenue in the third quarter rose by 31% to 6.6 billion euros. 2.367 billion euros, a strong growth of 40% compared to the same period in 2019, once again confirming that the brand has returned to its pre-epidemic level.
During the period, the revenue of the Asian market excluding Japan, including China, rose by 63%, Japan rose by 35%, the United States rose by 85%, and Europe also recorded a strong growth of 45%. By category, the revenue of the leather goods and harness department, where the platinum bag is located, rose by 42% to 3.076 billion euros, and the ready-to-wear and accessories also recorded a significant increase of 68% to 1.634 billion euros. Perfume and beauty products rose by 50.7%, and the watch business The strongest performer, up 89% year-on-year.
Ermenegildo Zegna's revenue in China surged 80% in first half
Ermenegildo Zegna, an Italian luxury men's clothing group, performed strongly in the first half of the year, with revenue rising 49.9% year-on-year to 603 million euros, and successfully turning losses into profits, with a net profit of 32.28 million euros, compared with a net loss of 87.75 million yuan in the same period last year. During the period, the group's sales in all regions except Japan increased, and the growth rate of the Chinese market was as high as 81.1%, accounting for nearly half of the total revenue, mainly due to the strong purchasing power of Chinese consumers.
L'Oreal's third-quarter revenue rises more than 13%, beating expectations
In the three months ended September 30, the world's largest beauty group's sales increased by 13.1% year-on-year to 7.997 billion euros, driving revenue in the first three quarters to rise 18% to 23.2 billion euros, far exceeding analysts' expectations. CEO Nicolas Hieronimus said in the post-earnings conference that the Chinese market continued to record double-digit growth, mainly due to strong demand for hair and skin care products from Chinese consumers, especially high-end brands such as Lancome and Hera. .
Unilever's third-quarter revenue increased by 2.5%, and the beauty business became the main driving force
In the three months ended September 30, Unilever's sales increased by 2.5% year-on-year to 13.5 billion euros, exceeding analysts' expectations, mainly due to the performance of markets such as China, the United States and India, as well as emerging beauty brands such as Hourglass growth driven. Unilever revealed in its earnings report that Hourglass’s Prestige Beauty division saw double-digit growth.
Crocs' third-quarter revenue surged 73% to a new high
According to fashion business news, the income of American casual footwear brand Crocs in the third quarter rose 73% year-on-year to 625 million US dollars, a record high, mainly due to the boost of 94.5% growth rate in the United States, covering China's Asia-Pacific market and Europe. , the Middle East and Africa regions also recorded strong growth of 21.2% and 42.8%. During the period, Crocs e-commerce revenue rose 68.9% year-on-year, accounting for 36.8% of total revenue. After the earnings report was released, Crocs shares rose 9.3% to $148.6 on Thursday, with a market value of about $9.1 billion.
Chairman of CK parent company to step down
The American fashion group PVH, which owns brands such as Calvin Klein and Tommy Hilfiger, issued a statement a few days ago. After stepping down as CEO in February this year, chairman Manny Chirico will resign as chairman and leave the board at the end of the year, marking his role in PVH. A career of nearly 30 years will come to an end.
According to the data, Manny Chirico first joined PVH in 1993 as Vice President and Chief Financial Officer, and was subsequently appointed as Chief Financial Officer and Chief Operating Officer, and will eventually become Chief Executive Officer in 2006, joining the Board of Directors and taking over as Chairman a year later. . As of Thursday's close, PVH shares rose 1.4% to $112.7, with a market value of about $8 billion.
Forever 21 CEO leaves
Forever 21 announced a few days ago that CEO Daniel Kulle will be leaving the company. It is worth noting that Daniel Kulle only joined Forever 21 in February last year and is mainly responsible for a series of reorganizations after the brand was acquired by Authentic Brands Group. Before joining Forever 21, Daniel Kulle worked at H&M for 25 years as a strategic consultant and has extensive relevant experience.
Missguided names new chief digital officer
British fast fashion e-commerce company Missguide has announced Nick Thomas as chief digital officer, finally filling a long-vacant key position. According to the data, Nick Thomas was previously the chief digital museum of Holland & Barrett and has extensive relevant experience. Since its establishment in 2009, Missguided has become one of the most important fast fashion e-commerce companies in the UK. In the 2020 fiscal year ending in March, its sales rose by 40% to about 290 million pounds. This year's turnover is expected to further increase to nearly 400 million. GBP.
Chloé becomes first luxury brand to receive B Corp certification
Chloé, a luxury brand under Richemont Group, has recently been certified by B Corp, a benefit enterprise, becoming the first luxury brand to receive the certification, marking the brand's transformation into a mission-driven business model, and its road to remodeling its operation has also reached a new level. . Founded in 2006, B Corp is one of the most rigorous certifications for assessing a brand's social and environmental impact. It uses more than 300 indicators to assess a company's overall positive impact on society and its commitment to continuous improvement.
Street media outlet Highsnobiety seeks to sell
Street fashion magazine Highsnobiety has commissioned investment bank LionTree to find a buyer for it, which has attracted interest from some potential buyers, according to the New York Times, citing people familiar with the matter. Founded in 2005 by David Fischer and headquartered in Berlin, with offices in London and New York, Highsnobiety is set to generate $60 million in revenue this year.
Uniqlo Beijing's first global flagship store to open next month
According to fashion business news, Uniqlo's global flagship store in Sanlitun, Beijing will officially open on November 6. The new store will combine Chinese tradition and society, integrate technology, art, culture, creativity and sustainable development to create a more immersive experience for consumers. "The LifeWear Experience". In addition, Uniqlo will showcase new store concepts at the 2021 China International Import Expo (CIIE). Uniqlo opened its first store in China in September 2002 and currently has 850 stores in China.
Zara opens new flagship store in central London
As the lives of British consumers gradually return to normal, fast fashion giant Zara recently opened a new flagship store in the City of London. The store adopts a curved route to divide the space, so that consumers can continue to interact with brand products as fully as possible. It is worth noting that the new concept store provides consumers with self-pickup and self-checkout services. Consumers can also book fitting rooms to save time waiting for fittings.
The parent company of "Broadcast" made a net profit of nearly 60 million in the first three quarters
Ribo Fashion announced the performance data for the first three quarters of 2021 on Thursday. The company's operating income rose 30.98% year-on-year to 700 million yuan, and the net profit attributable to shareholders of listed companies was about 59.64 million yuan, turning losses into profits year-on-year. In August this year, Ribo Fashion officially announced actress Ni Ni as the spokesperson of "Broadcast", with the goal of further enhancing the brand's influence among young consumers.
The parent company of the trend front line, Souyu, has a net loss of over 2 billion in the first three quarters
Souyute, the parent company of Leisure Brand Trend Frontline, recently announced the first three quarters performance forecast. The group's net loss may reach 2 billion to 2.3 billion yuan, of which the third quarter loss is about 664 million to 964 million. The group explained in the announcement. , The main reason for the change in performance is the shortage of funds. The brand apparel business can only sell stock products. In the supply chain, market procurement is affected due to the shortage of funds, which has a negative effect on the overall business development.
Eye makeup brand WOSADO Yuetong may reach nearly 300 million yuan in financing within half a year
Eye makeup brand WOSADO recently announced that it has completed Series A and A+ rounds of financing within half a year, with a cumulative financing amount of nearly 300 million yuan. Star, Shenzhen small and medium-sized venture capital and other institutions followed the investment, and the old shareholders Moliang Capital and Fengwu Capital continued to follow the investment.
Yuetong was established in 2017. Its main products include false eyelashes and eye makeup products. It has now entered online channels such as Tmall, JD.com, Mini Program Mall and Xiaohongshu, and has opened nearly 40 stores in first- and second-tier cities across the country. .