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Rabanne owner Puig expects slower sales growth in 2025

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February 27, 2025

Puig, the Spanish beauty company behind perfume brands Rabanne, Carolina Herrera and Jean Paul Gaultier expects its revenues to grow between 6% and 8% this year after reporting an 11% increase in sales last year.

Rabanne – Spring-Summer2025 – Womenswear – France – Paris – ©Launchmetrics/spotlight

The company, which also owns luxury skincare brand Byredo and makeup brand Charlotte Tilbury, said the weaker predicted growth was due the market’s moderation, particularly in the make-up and skincare segment.

The forecast also takes into account possible new tariffs in the United States.

The company said its full-year net profit reached 531 million euros ($552.82 million), a 14% rise from 2023. Analysts, on average, had expected a profit of 542.5 million euros. Sales reached 4.79 billion euros, up 11%.

The Spanish company had surpassed its goal of growing sales faster than the 6%-7% forecast for the global premium beauty market last year.
The company, which first listed on the Madrid stock exchange in May, has seen its share price plunge 25% since the initial public offering (IPO).

Puig blamed costs related to the IPO and the payment of employee bonuses for a 26% fall in net profit in the first half of the year.

The Barcelona-based company reported strong holiday season sales thanks to less exposure to sluggish demand in China.

Half of its revenue comes from Europe, the Middle East and Africa (EMEA), and a third from the Americas.

The beauty group said higher growth in fragrances helped it offset slower business in the make-up sector.

Larger rivals such as L’Oreal and Estee Lauder reported slower sales in 2024 due to weak Chinese demand and persistent inflation in the United States, which also dented demand for beauty products. 

© Thomson Reuters 2025 All rights reserved.



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Calvin Klein launches first-ever shapewear collection

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February 27, 2025

Calvin Klein announced on Thursday the launch of Calvin Klein Shapewear, debuting a range of foundation and fashion styles.

Calvin Klein launches first-ever shapewear collection. – Calvin Klein

Calvin Klein Shapewear’s foundation styles include no-show thongs, briefs, mid-thigh shorts, bodysuits, leggings and slips, designed at four compression levels.

Second Skin Smoothing is the lightest option, offering a barely-there feel with weightless microfiber and seamless edges. Stay Put Mesh provides a medium-control layer crafted from breathable microfiber mesh, delivering smooth, slip-resistant compression. Stay Put Stretch offers firm compression with silky smooth microfiber. Lastly, Secure Sculpt is the most powerful shaping option, featuring extra-firm compression and zoned support. 

Completing the collection are style-driven pieces inspired by the brand’s signature logo and lace underwear. Icon Shapewear is a collection of briefs, mid-thigh shorts, and bodysuits featuring zoned no-slip compression and the iconic Calvin Klein logo waistband, while Sensual Stretch Lace is designed with smooth lace detailing. 

The collection launches with a campaign, directed and shot by Charlotte Wales, and starring actor Eve Hewson.

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Skechers expands European presence with new concept store in Milan

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February 27, 2025

Skechers announced on Thursday the opening of a new concept store on Milan’s Corso Buenos Aires, expanding its presence in the European market.

Skechers expands European presence with new concept store in Milan. – Skechers

Spanning 294 square meters, the store is a re-imagination of mid-century design. Featuring LED lighting constructed from sustainable EU-manufactured biopolymer materials, the store houses Skechers’ extensive lifestyle footwear collections alongside dedicated sections for Skechers performance, apparel, and accessories. The store offers styles for every occasion, from fashion and sport to casual, work, and children’s collections.

“As the comfort technology company, Skechers has been a strategic retail player—establishing brick-and-mortar locations across a network of cities where we can interact with consumers around the world and convert millions into enthusiasts,” said Michael Greenberg, president of Skechers. 

“Italy has played a key role in our growth across Europe. We look forward to further building our business in this important market with this high-profile destination, one whose fashion trends, signature collections and innovative hands-free designs can connect with the tourists and locals who appreciate Milan’s reputation for style.”

The brand boasts over 40 retail locations in the country, including three additional stores in Milan. It is also supported by brand ambassadors such as football legend Fabio Cannavaro and celebrity chef Benedetta Parodi, strengthening its foothold in the country.

“Milan has long been known as one of Italy’s top destinations for tourism, fashion and culture—and our new store places us among the world’s most prominent brands in this vibrant city—right in the heart of Corso Buenos Aires, one of Europe’s longest shopping streets,” added Sergio Esposito, country manager of Skechers Italia. “Our close proximity to Milan Centrale and Lima metro stations will make our retail location a heavily-trafficked conduit for the tens of thousands who come to shop daily.”

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Elizabeth Arden taps Ines de La Fressange as brand ambassador

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February 27, 2025

New York beauty brand Elizabeth Arden has tapped French supermodel Ines de La Fressange as a brand ambassador. 

Elizabeth Arden taps Ines de La Fressange as brand ambassador. – Elizabeth Arden

The collaboration will debut with a new advertising campaign highlighting the brand’s Eight Hour Cream, starring Ines and directed by Rodolphe Bricard, set to be unveiled on March 13.

A true symbol of French chic, Ines brings her effortless grace and modern sensibility to the partnership. Known for her natural style and lasting influence in fashion and beauty, Ines is the perfect muse for Elizabeth Arden as the brand continues to honour iconic women who inspire.

“Collaborating with Ines de la Fressange is an extraordinary moment for Elizabeth Arden,” said Aurélie Kaskosz, marketing director France for the brand. 

“Ines perfectly embodies the iconic French woman, a model of natural grace and sophistication. Her influence on current and past generations, her ability to transcend trends while remaining true to her own essence, make her the perfect partner for this French campaign.”

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