Author: Bloomberg
The UK giant’s chief executive Fernando Fernandez hopes to scale beauty, personal care and wellbeing up to two-thirds of the firm’s sales.
Swiss watch exports saw a 9.2 percent rise in February, driven by a strong rebound in the US market.
The company has more than 200 stores in the Middle East, said chief executive officer Nick Hayek.
In 2015, before Peter Attia was an influential longevity guru endorsed by Oprah Winfrey, Gwyneth Paltrow and Hugh Jackman, he was a little-known doctor raising money for the Nutrition Science Initiative, or NuSI, a nonprofit he’d co-founded. Attia’s mission was to figure out whether obesity was caused by eating too many calories in general, or specifically carbs. Although Attia was responsible for fundraising at NuSI, it was one of the few things he didn’t succeed at beyond the initial money the group received, according to people familiar with the matter who asked not to be named discussing nonpublic information. Unlike…
The retailer issued a cautious full-year forecast for sales and profit despite strong performance at Bloomingdale’s, which has benefited from shoppers seeking alternatives to struggling rival Saks Global.
The company has been hampered with disruptions to supply chains, elevated inflation, growing competition from low-cost manufacturers and trade tariffs.
Saks is moving towards exiting bankruptcy and tapped an additional $300 million of its Chapter 11 financing package.
War in the Middle East, the luxury industry’s fastest-growing market, threatens to delay a long-expected rebound in demand.
Global oil markets face turmoil after a US attack on Iran’s main export hub heightened risks to supply across the Middle East.
Muji, the Japanese retailer known for pared-back household goods and logo-free clothing, is betting on its fast-growing, value-for-money skincare products to drive growth at home and abroad.The company sees “great potential” to scale globally with its skincare products built on simple formulations, transparent labeling, and naturally derived ingredients at accessible prices, Mariko Ohashi, director of household merchandising at Muji’s owner Ryohin Keikaku Co., said in an interview.Typically priced below ¥3,000 ($19) in Japan, Muji’s beauty products have gained traction alongside apparel and core household goods. Revenue from beauty and health products at home roughly doubled to about ¥100 billion in…