profits – Stock Strokes

Lanvin Group reports 38 percent revenue growth in 2022

February 18, 2023 by Edwar

Lanvin Group on Friday announced unaudited annual revenue of 425 million euros ($454.5 million) for 2022, up 38 percent year-on-year. It is the first time the Chinese luxury group, which saw the departure of chief financial officer Shang Koo last month, has published financial data since its listing as a New York SPAC in December. … Read more

How some brands are beating the retail slowdown

February 10, 2023 by Edwar

If America’s economy is in a recession, someone forgot to tell the major fashion retailers. Shares of Coach-owner Tapestry Inc. soared Tuesday after the company posted record earnings — net income of $318 million on sales of $2 billion, down 5 percent from last year. Ralph Lauren also impressed with a slight increase in year-over-year … Read more