BERLIN — Beiersdorf AG managed to generate third-quarter profits and sales growth and maintain its optimistic outlook for the remainder of the year despite the difficult economy.
The firm said its core beauty brands Nivea, Eucerin and La Prairie maintained their double-digit growth rates for the Hamburg-based group in both the third quarter ended Sept. 30 [...]
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Bare Escentuals Inc. posted a nearly 12 percent gain in third-quarter profits, but took measures to brace for a bumpy end to 2008, including trimming its workforce by 10 percent.
During the mineral makeup firm’s earnings call Thursday evening, chief executive officer Leslie Blodgett said of the layoffs, “As much as this has been a [...]
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New York-based Inter Parfums Inc. reported net sales increased by 21 percent during the third quarter to $123.5 million, from $102.3 million in the same period a year ago. At constant exchange, revenues during the quarter ended Sept. 30 would have risen 16 percent.
Sales from the firm’s European operations were up 23 percent during [...]
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PARIS — Swiss flavors and fragrance supplier Givaudan posted third-quarter sales that were down 4.2 percent to 1.05 billion Swiss francs, or $984.8 million at average exchange.
For the first nine months of 2008, the firm generated sales of 3.15 billion Swiss francs, or $2.98 billion at average exchange for the period, representing a 1.4 percent [...]
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By Sharon Edelson NEW YORK ? The designer flagships on Fifth and Madison Avenues here are feeling the pain and joining the song of the season: “Sale!”
While monobrand boutiques used to jealously guard their prices, putting spring merchandise on sale only [...]
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By Alessandra Ilari MILAN ? There may be a global economic slowdown, but Valentino is stepping up the pace of its expansion.
Stefano Sassi, chairman and chief executive of the fashion brand and Valentino Fashion Group’s ceo, remains bullish about the mid- [...]
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By Nina Jones LONDON ? Compagnie Financi?re Richemont SA, the Geneva-based luxury goods group, said Wednesday that revenues grew 9.8 percent in the financial year ended March 31 to 5.3 billion euros, or $7.5 billion, from 4.82 billion euros, or [...]
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By Miles Socha PARIS ? Bucking strong currency headwinds and dodging economic uncertainty, LVMH Mo?t Hennessy Louis Vuitton kept up its double-digit momentum in the first quarter as sales jumped 12 percent at constant exchange to 4 billion euros, or $5.99 [...]
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By Marc Karimzadeh [...]
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By Whitney Beckett [...]
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