Gucci’s De Sole Says ‘Perfect Storm’ Causes Net to Plummet 96.6%
Sending a shudder through the luxury sector, Gucci on Wednesday barely posted a net profit for the first quarter and showed a steep sales drop.
From This Issue
FLYING LOW:Even though SARS is being contained in Asia, its impact on travel there was worse in May than April, according to a research report released Tuesday by HSBC luxury analyst Antoine Belge. The number of Japanese traveling overseas fell…
MORE JLO: Another day, another new JLo product category. The ubiquitous Jennifer Lopez has now attached her name to cold-weather accessories, with a line of JLo by Jennifer Lopez hats, gloves and scarves scheduled to make their debut…
NEW YORK — The company that put foundation in an aerosol can is at it again.
Classified Cosmetics has built on its innovation, Era Face Spray-On Foundation, and expanded its offerings to include bronzers and shimmers, due out in August….