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Management

EU toughens safety rules on Chinese fashion retailer Shein

The European Union on Friday added Chinese-founded online retailer Shein to its list of digital companies that are large enough to come under stricter safety curbs. The company joins Facebook, TikTok, X, YouTube in a list of 23 "very large online platforms", which have more than 45 million monthly active users in the European Union. From the end...

Management

SMCP targets returning to growth by 2026

SMCP, parent company of the Sandro, Maje and Claudie Pierlot and Fursac brands, reported first quarter sales at 287 million euros, down 5 percent on an organic basis. The company continued to optimise its store network with 11 net closings during the quarter, mainly in Asia to reach 1,719 points of sales worldwide. The company will close 100...

Management

Hermès records strong Q1 growth

The Hermès Group’s consolidated revenue amounted to 3,805 million euros in the first quarter of 2024, up 17 percent at constant exchange and 13 percent at current exchange, driven by strong growth in all geographical areas. In the medium-term, despite the economic, geopolitical and monetary uncertainties around the world, the group confirms an...

Management

Moncler Group revenues rise 16 percent in the first quarter

In the first three months of 2024 Moncler Group revenues of 818 million euros, increased 16 percent including Moncler brand revenues of 705 million euros and Stone Island brand revenues of 113 million euros. Moncler brand revenues increased by 20 percent cFX, driven by strong growth in the DTC channel across all regions, while Stone Island brand...

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