Translated by Nicola Mira Published April 25, 2025 In 2024, Thule, the Swedish specialist in accessories for cars, motorbikes and bikes, and in bags and luggage, acquired Reacha, a German brand known for modular trailers, producer of an innovative solution to transport kayaks and equipment for other sports on a bicycle trailer. The acquisition boosted Thule’s market position…
Google might be threatened with a breakup after losing two antitrust cases, but in the meantime it can console itself with piles of money. Alphabet, Google’s parent company, on Thursday posted revenue of $90.23 billion for the first quarter, up 12 percent from a year earlier. Net income was $34.54 billion, up from $23.66 billion….
Translated by Nazia BIBI KEENOO Published April 18, 2025 Italian luxury house Valentino faced a turbulent 2024, with financial results reflecting wider industry pressures. The company reported annual revenue of €1.31 billion, nearly flat compared to 2023, though down 2% at constant exchange rates and 3% at current rates. In 2023, the brand posted €1.35…
Translated by Roberta HERRERA Published April 16, 2025 Desigual ended its 2024 fiscal year with a turnover of €332 million, driven primarily by an increase in international sales and the strong performance of its online channel. Pretax profit reached €3.1 million, a slight increase from the €3.04 million recorded in the 2022 fiscal year—the most…
Eyewear specialist InSpecs has released its preliminary results for 2024 and while its profit margin rose, revenue, underlying EBITDA and cash flows from operating activities all fell. InSpecs The company, which makes and markets its own brands as well as operating licenses for Barbour, Joseph, Radley, Superdry, Temperley and Viktor&Rolf, among others, said group revenue…
Mass-market fashion retailer New Look has announced that it will “supercharge digital growth” on the back of a £30 million investment from its shareholders. New Look The money will be spent on its data, AI and e-commerce platforms “to enhance [the] seamless, personalised shopping experience for its 10 million customers” and it aims to double…
Translated by Nazia BIBI KEENOO Published March 26, 2025 Tous, the famous Spanish jewelry brand, reported record-breaking revenue in 2024. According to a statement released on Tuesday, the company saw its sales grow by 9.4% over the last fiscal year, reaching $570 million. However, net profit declined to $49 million from $54 million in 2023….
Swarovski, the Austrian crystal specialist, reported a 6% increase in 2024 revenue to €1.906 billion, as the family-owned company enjoyed a marked improvement in its business performance. Swarovski CEO Alexis Nasard “Swarovski’s turnaround is in full motion, with another year of major progress, including strong organic growth and significant improvements in EBIT and cash, driven…