Luxury

Ross Stores Announces Fourth Quarter and Fiscal 2023 Earnings Release and Conference Call

Retrieved on: 
Tuesday, February 20, 2024

Ross Stores, Inc. (NASDAQ: ROST) plans to release its fourth quarter and fiscal 2023 earnings results on Tuesday, March 5, 2024 at approximately 4:00 p.m. Eastern Time.

Key Points: 
  • Ross Stores, Inc. (NASDAQ: ROST) plans to release its fourth quarter and fiscal 2023 earnings results on Tuesday, March 5, 2024 at approximately 4:00 p.m. Eastern Time.
  • Participants may listen to a real-time audio webcast of the conference call on Tuesday, March 5, 2024 at 4:15 p.m. Eastern Time by visiting the Investors section of the Company’s website located at www.rossstores.com .
  • A recorded version of the call will also be available at the website address, as well as via a telephone recording at 201-612-7415, Passcode #13744604, through 8:00 p.m. Eastern Time on March 12, 2024.

Hyatt Announces New Americas Organizational Structure and Senior Leadership Appointments

Retrieved on: 
Tuesday, February 20, 2024

As a result of strong growth in the Americas region, Hyatt today announced new senior leadership appointments in the Americas region and subregional structure designed to further support Hyatt’s continued focus on growth, operational excellence and performance optimization within its largest region.

Key Points: 
  • As a result of strong growth in the Americas region, Hyatt today announced new senior leadership appointments in the Americas region and subregional structure designed to further support Hyatt’s continued focus on growth, operational excellence and performance optimization within its largest region.
  • She is in her 32nd year with Hyatt and has held numerous positions leading operational performance, most recently as Senior Vice President of Hyatt’s Lifestyle Division and Miraval brand.
  • As President, Latin America & Caribbean, Felip leads operational performance for all managed and owned Hyatt hotels in the region across all brands, including Hyatt’s Inclusive Collection.
  • The term “Hyatt” is used in this release for convenience to refer to Hyatt Hotels Corporation and/or one or more of its affiliates.

Coty to Update on Market Beating Progress, Outlook, and White-Space Opportunities at CAGNY 2024 Conference

Retrieved on: 
Tuesday, February 20, 2024

Coty will provide an update on its strategic and financial progress, its outlook for the future of the beauty market, significant white-space opportunities the Company is targeting, and its plans to create the must-have beauty products of tomorrow.

Key Points: 
  • Coty will provide an update on its strategic and financial progress, its outlook for the future of the beauty market, significant white-space opportunities the Company is targeting, and its plans to create the must-have beauty products of tomorrow.
  • Coty is building on these strong foundations with a market beating outlook for FY24 of +9-11% LFL revenue growth and +11-12% adjusted EBITDA growth, implying margin expansion of +10-30 bps.
  • Management’s impressive track record and the Company’s transformation underpins Coty confidence to deliver a best-in-class medium-term growth algorithm and drive leverage towards 2x exiting CY25.
  • Our recently announced licenses with two exciting luxury brands, Marni and Etro, reinforce Coty’s position as the go-to beauty partner.

Macy’s, Inc. Announces Receipt of Director Nominations from Arkhouse

Retrieved on: 
Tuesday, February 20, 2024

We look forward to sharing more on this value-creating strategy as part of our fourth quarter and full year 2023 earnings report.

Key Points: 
  • We look forward to sharing more on this value-creating strategy as part of our fourth quarter and full year 2023 earnings report.
  • These director nominations by Arkhouse follow the December 1, 2023 unsolicited, non-binding proposal from Arkhouse and Brigade to acquire all of the outstanding shares of the Company for $21.00 per share in cash.
  • Notwithstanding the sole objective of Arkhouse is a sale of Macy’s Inc., our Nominating and Corporate Governance Committee will evaluate Arkhouse’s director candidates.
  • Bank of America Securities and Wells Fargo are acting as financial advisors and Wachtell, Lipton, Rosen & Katz is acting as legal advisor to the Company.

Coty and Etro Embark on New License Agreement

Retrieved on: 
Tuesday, February 20, 2024

Coty and Etro will work together to explore new categories and innovations to grow the brand’s beauty portfolio.

Key Points: 
  • Coty and Etro will work together to explore new categories and innovations to grow the brand’s beauty portfolio.
  • View the full release here: https://www.businesswire.com/news/home/20240219544270/en/
    This deal establishes a long-term partnership between Coty and Etro, one that is anchored in the companies’ shared values of innovation, exploration, community, and creativity.
  • Etro is an iconic brand with a long-standing heritage of excellence that is reflected across every facet of its business.
  • This agreement further underscores Coty’s focus on fashion driven licenses with significant multi category potential which resonate with consumers in our key markets.

Florida Oceanfront Mansion Not Purchased by Ukraine’s Zelenskyy Heads to Luxury Auction®

Retrieved on: 
Monday, February 19, 2024

On Friday, February 23 at 5pm ET, an oceanfront home in northeast Florida will be sold to the highest bidder at a luxury auction® held without reserve.

Key Points: 
  • On Friday, February 23 at 5pm ET, an oceanfront home in northeast Florida will be sold to the highest bidder at a luxury auction® held without reserve.
  • The sprawling Ponte Vedra Beach mansion located at 1263 Ponte Vedra Blvd first hit the market in July 2023 at $11.9 million.
  • With no takers by January, the sellers retained luxury real estate auction specialist Platinum Luxury Auctions to exclusively manage and broker the sale.
  • View the full release here: https://www.businesswire.com/news/home/20240219354828/en/
    On Friday, Feb 23, this oceanfront estate in northeast Florida that recently asked $12 million will be sold to the highest bidder at a luxury auction® without reserve.

ADvendio accelerates U.S. retail media expansion, as its posts a +150% growth in retail media revenues

Retrieved on: 
Monday, February 19, 2024

ADvendio , the leading omnichannel retail media advertising platform, will accelerate its U.S. growth as it posts a 150% increase in global retail media revenues.

Key Points: 
  • ADvendio , the leading omnichannel retail media advertising platform, will accelerate its U.S. growth as it posts a 150% increase in global retail media revenues.
  • With its background in traditional advertising and media, ADvendio’s retail media revenues have grown +150% since 2021.
  • With Insider Intelligence predicting U.S. retail media spend in 2024 will reach $59.61 billion , ADvendio already works with leading global retailers including Ahold Delhaize, Albertsons, ULTA Beauty and Woolworth’s.
  • Having grown its retail media offering organically without any external investment, ADvendio reinvests its revenues into its solution, ensuring its capabilities match the evolving needs of digital advertisers, retailers and, in turn, their end-consumers.

Allure Bridals Debuts Bridal Industry’s First Financing Program for U.S. Retailers

Retrieved on: 
Monday, February 26, 2024

Award-winning bridal and formalwear brand Allure Bridals , renowned for its rich heritage of craftsmanship and innovative, proprietary textile technologies, announced today the release of the Allure Bridals Stock Purchase Financing Program, a first-of-its-kind program within the bridal industry.

Key Points: 
  • Award-winning bridal and formalwear brand Allure Bridals , renowned for its rich heritage of craftsmanship and innovative, proprietary textile technologies, announced today the release of the Allure Bridals Stock Purchase Financing Program, a first-of-its-kind program within the bridal industry.
  • As of the program’s release, no other bridal manufacturer features a comparable financing program, which positions this initiative with a strategic advantage in the industry’s business-to-business marketplace.
  • Furthering Allure Bridals’ focus on innovation, this unique program highlights the company’s longtime commitment to ensuring the bridal industry’s success.
  • “And this financing program is a perfect example of how we’re always working to change the status quo in our industry.

Leste Group Completes Private Equity Deal With Significant Stake in Prestige Cosmetics

Retrieved on: 
Tuesday, March 5, 2024

Leste Group (“Leste”), a global alternative investment manager, today announced the acquisition, through its private equity platform, of a significant stake in Prestige Cosmetics (“Prestige” or the “Company”), a leading distributor of luxury perfumes and cosmetics in Brazil with a growing presence in North America.

Key Points: 
  • Leste Group (“Leste”), a global alternative investment manager, today announced the acquisition, through its private equity platform, of a significant stake in Prestige Cosmetics (“Prestige” or the “Company”), a leading distributor of luxury perfumes and cosmetics in Brazil with a growing presence in North America.
  • Financial terms of the private transaction were not disclosed.
  • The Company also has significant operations outside Brazil, and Leste will be focused on working with management to accelerate its international expansion.
  • “North America is the largest beauty market in the world, and we’re confident our private equity investment in Prestige will help bolster its expansion in the region as the Company prepares for its next stage of growth,” said Emmanuel Hermann, CEO & Founder of Leste Group.

"CADAR™ Makes Miami Design District Debut"

Retrieved on: 
Tuesday, February 27, 2024

NEW YORK, Feb. 27, 2024 /PRNewswire/ -- Luxury jewelry brand CADAR today announced plans to expand its retail footprint to Miami's Design District.

Key Points: 
  • NEW YORK, Feb. 27, 2024 /PRNewswire/ -- Luxury jewelry brand CADAR today announced plans to expand its retail footprint to Miami's Design District.
  • Between February 28 and March 18, the brand will showcase its newest collections in the heart of the city's most fashion-forward destination.
  • "The vibrant, modern energy of the Design District mirrors the CADAR aesthetic," said Founder and Creative Director Michal Kadar.
  • Visit the Miami Design District pop-up location at 151 NE 41st Street, Suite 133 (next to Le Jardinier restaurant), between February 28 and March 18, 2024.