The Business of Fashion
The luxury conglomerate is investing in the cult Swedish menswear label through its venture capital arm, The Business of Fashion can exclusively reveal. Our Legacy has built a €40 million business, multiplying its sales five-fold in recent years.
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The company reported weaker-than-expected sales growth, primarily due to a slowdown in its skin health and beauty segment.
Ralph Lauren raised its annual revenue outlook to 3-4 percent, driven by strong sales in Europe, Asia, and robust growth in China, while forecasting a solid holiday season.
The eyewear maker reported steady sales growth in the third quarter of the year as it continues its brick-and-mortar expansion.
China’s luxury market may recover in the next 24 months as the country’s economy bounces back, Bulgari chief executive officer Jean-Christophe Babin said.
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