THE WHAT? Prada has reported a H1 revenues leap of 66 percent at constant exchange rates to €1.5 billion euros ($1.78 billion), joining its luxury peers in seeing a return to growth following pandemic downturns. THE DETAILS While it falls just short of of its 2019 pre-pandemic results, the result beat analyst expectations of €1.43 billion. Sales from…
THE WHAT? Dow Chemicals has reported better-than-expected Q2 sales as reopening economies bolster consumer spending post pandemic lockdowns, according to a report by Reuters. THE DETAILS The company reported US$1.9 billion in profits, up from a US$225 million loss in the comparable period of 2020. Adjusted net operating income doubled to US$2.72 per share, with net…
THE WHAT? Hindustan Unilever (HUL) has debuted its new in-store vending model ‘Smart Fill’ at Mumbai’s Reliance Smart Acme Mall, in a pilot project via a partnership with Reliance Retail. THE DETAILS Consumers can access a refill of homecare brands such as Surf Excel and Comfort by either using their own empty bottles or purchasing a Smart…
THE WHAT? Mexican Actress Eiza González has been named as Bulgari’s first Latin American ambassador for the North American market. THE DETAILS The actress, who has starred in films such as ‘I Care A Lot’ and ‘Baby Driver,’ will appear in marketing, social media and at events, as well as promotional images for exclusive distribution in the…
THE WHAT? UK luxury department store Harrods has opened its revamped Hair and Beauty Salon on the fifth floor of its Knightsbridge store, according to a report by WWD.com. THE DETAILS The Hair and Beauty Salon adds 16,985 square feet to the current 90,000 sq ft beauty halls, which marks the final phase of the beauty transformation…
THE WHAT? French luxury group Kering has reported Q2 sales of €4.16bn, beating analyst expectations of €3.8bn, marking an 11 percent rise comparable to 2019. THE DETAILS H12021 consolidated revenue was up 54.1 percent from 2021, and 8.4 percent from 2019 on a comparable basis. Sales generated in directly operated stores, accounting for around 80 percent of…
