THG is conducting a detailed evaluation of possible demerger structures for its Ingenuity service.The company aims to streamline its operations into two main entities: THG Beauty…
Browsing: revenue decline
Burberry, a prominent name in British luxury, has been removed from the FTSE 100 index due to a substantial drop in its share price.Over the past…
Burberry announces pivotal changes in its executive team structure, setting a forward-thinking trajectory for the company.Jonathan Kiman has been named the new chief marketing officer at…
Quiz, a renowned fashion retailer, announced a pre-tax loss of £5.2m amid revenue declines.Revenue for Quiz fell from £91.7m to £82m in the year ending March…
Boohoo, a major name in fast fashion, is addressing significant quality issues with several of its suppliers. This action involves withholding payments, aimed at ensuring better…
Under Armour is experiencing a significant downturn due to a restructuring plan.Sales have dropped across various segments, impacting overall revenue.The company has reported a substantial operating…
VF Corporation, known for brands like Vans, The North Face, and Timberland, faces financial challenges but plans strategic measures to recover.The company reported an operating loss…
Kering, the luxury conglomerate owning Gucci and other prestigious brands, is facing a significant sales decline.Gucci experienced a pronounced 18% decrease in revenue in the first…
LVMH, the renowned French luxury conglomerate, has reported a decline in financial performance for the first half of 2024. The group’s revenue for this period reached…
Burberry has announced a leadership change as the luxury fashion house faces a significant financial downturn.Joshua Schulman takes over as CEO following Jonathan Akeroyd’s immediate departure.The…