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Basicnet Revenue Jumps 21.6% in First Nine Months on Woolrich and Sundek Acquisitions

Ut World October 27, 2026 0

Italian fashion group Basicnet reported a 21.6% increase in consolidated revenue to €369 million in the first nine months of 2026, compared with €303.4 million in the same period last year. The Turin-based company’s growth was driven partly by the addition of Woolrich and Sundek to its brand Continue Reading

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Prada Group Reports 15% Revenue Growth in First Nine Months of 2026

Ut World October 22, 2026 0

Prada Group reported net revenue of €4.54 billion for the first nine months of 2026, marking a 15% increase at constant exchange rates and 12% on a reported basis compared with the same period last year. Organic growth stood at 4%, excluding Versace’s contribution and currency effects. In the third quarter, sales rose 11% at […]Continue Reading

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Adidas Raises 2026 Profit Forecast After Record Quarter

Ut World October 21, 2026 0

German sportswear giant Adidas has raised its operating profit forecast for 2026 to €2.5 billion from its earlier estimate of €2.3 billion, following a better-than-expected third quarter. The company also benefited from around €200 million in US customs duty refunds, most of which it has now received. Adidas shares rose 2.6 per cent on the […]Continue Reading

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Galderma to Acquire ZO Skin Health for $1.5 Billion

Ut World October 14, 2026 0

Swiss skincare company Galderma has agreed to acquire medical-grade skincare brand ZO Skin Health for approximately $1.5 billion, according to two people familiar with the matter. The deal could be announced in the coming days, the sources said. Galderma and ZO Skin Health did not immediately respond to requests for comment, while investment firm Blackstone, […]Continue Reading

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Amazon in Talks to Acquire AI Startup Decart for $7 Billion

Ut World October 12, 2026 0

Amazon is in talks to acquire Israeli artificial intelligence startup Decart in a deal valued at approximately $7 billion, according to a report by The Wall Street Journal, citing people familiar with the matter. An agreement could be reached soon, although negotiations may still collapse or another potential buyer could emerge. Decart develops software designed […]Continue Reading

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Selfridges Swings to Profit, Urges UK to Restore Tax-Free Shopping

Ut World September 29, 2026 0

UK department store chain Selfridges returned to profitability in its latest financial year, with revenue rising 7% to £830.8 million, supported by strong footfall across its four stores despite a decline in online sales. Operating profit increased to £79.7 million from £42.2 million, while pre-tax profit improved to £13 million from a £15.9 million loss […]Continue Reading

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Christian Dior Holding Company Shares Surge 17% After LVMH Reorganisation Plan

Ut World September 25, 2026 0

Shares of Christian Dior SE surged more than 17% on Thursday after luxury giant LVMH announced a restructuring of its controlling organisation. At 7:40 a.m. GMT, Christian Dior shares were up 17.42% at €428.80, while LVMH gained 0.96% to €400.70. The CAC 40 index, meanwhile, was down 0.14%. Christian Dior is LVMH’s main shareholder, holding […]Continue Reading

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Lululemon Faces Tough Turnaround as Market Share Slips, BMO Warns

Ut World September 11, 2026 0

Lululemon Athletica Inc. faces a difficult and prolonged turnaround as the athleticwear maker loses market share to rivals and records worsening sales declines, according to BMO Capital Markets. The firm initiated coverage of Lululemon with an Underperform rating and set a $70 price target, implying roughly a 28% decline from Thursday’s closing price. Analysts led […]Continue Reading

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PVH Reports 3% Sales Decline as Calvin Klein Slumps

Ut World September 3, 2026 0

PVH Corp. reported a 3% decline in second-quarter sales to $2.097 billion, with a sharp drop in Calvin Klein revenue weighing on the results. Calvin Klein sales fell 7%, partly due to the timing of wholesale shipments in the Americas, while Tommy Hilfiger sales remained steady. By region, revenue declined 6% in EMEA amid weak […]Continue Reading

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IKEA Announces Fresh Price Cuts Across Europe to Boost Furniture Demand

Ut World September 1, 2026 0

Swedish budget furniture retailer IKEA has announced a new wave of price cuts across Europe as it seeks to revive demand amid rising housing costs and a broader cost-of-living squeeze. The company said it is investing a total of €1.2 billion ($1.39 billion) in price reductions after two consecutive years of declining revenue, aiming to […]Continue Reading