PVH Lowers 2025 Outlook, Proya Outperforms in 618 and Amouage Launches Flagship in Shanghai

PVH Lowers 2025 Profit Outlook Amid Tariffs and Market Challenges

PVH has revised its 2025 profit forecast to $10.75–$11 per share, down from its earlier projection, citing weaker demand in the US and China and the impact of new tariffs. First-quarter revenue rose 2 percent to $2 billion, with Tommy Hilfiger up 3 percent and Calvin Klein flat. Sales in the Asia-Pacific dropped 13 percent. The company is restructuring its Calvin Klein operations and continuing to implement its PVH+ growth strategy.

Chinese Designer Kexin Zhang Wins Louis Vuitton Accessories Design Competition

Louis Vuitton has announced Kexin Zhang as the winner of its second Accessories Design Graduates Initiative. With a background in jewelry design from Tianjin Academy of Fine Arts and the Royal Academy of Fine Arts in Antwerp, Zhang will join the brand’s leather goods and accessories team. Her work was noted for translating jewelry craftsmanship into leather design. The 2024 competition received over 200 applications globally, with 15 finalists presenting their work at Louis Vuitton’s Asnières workshop in Paris.

Nike Appoints Tony Bignell as New Chief Innovation Officer

Nike has promoted Tony Bignell, former vice president for running footwear, to the role of Chief Innovation Officer. He will report to Phil McCartney and work alongside John Hoke, who is retiring after 33 years at Nike. Bignell, with 30 years of experience in product design and innovation, will lead Nike’s Advanced Innovation Collective and oversee the company’s sports, products, and platforms. This move is part of a series of executive changes under Nike’s CEO Elliott Hill to support the brand’s growth strategy.

Amouage Opens First Asia-Pacific Flagship Store in Shanghai

Omani luxury fragrance house Amouage has opened its first Asia-Pacific flagship store, “The Sillage”, in Zhangyuan, Shanghai, and introduced its official Chinese name. Founded in 1983, Amouage initially produced scents for royalty and dignitaries before expanding retail in 2006. The brand entered China in 2021 through a partnership with S’Young International, and L’Oréal acquired a long-term minority stake in the company in February 2024.

Dolce & Gabbana Secures 150 Million Euros Financing to Expand Business

Dolce & Gabbana has secured 150 million euros in new debt financing, partly backed by Italy’s export credit agency SACE, to support expansion in beauty and real estate. The move includes refinancing part of a previously repaid 400 million euros loan. As part of its diversification strategy, the brand aims to grow revenue streams amid a shifting luxury market. The company expects beauty sales to rise over 20 percent year-on-year by March 2025, with a focus on maintaining independence.

Proya Leads Domestic Beauty Brands in China’s 618 Shopping Festival

Proya has emerged as the top domestic beauty brand during China’s 618 shopping festival, outperforming both local and international competitors on Tmall and JD.com. Proya’s broader brand portfolio, including makeup brand Caitang and haircare line Off&Relax, also entered top charts, reinforcing its growing influence in China’s evolving online beauty landscape.

Huda Beauty Returns to Full Founder Ownership After Ending TSG Partnership

Huda Beauty has officially ended its eight-year partnership with TSG Consumer Partners, with founder and co-CEO Huda Kattan buying back the equity acquired by TSG in 2017. The brand is now fully owned by Kattan, making it one of the few founder-owned companies in the global beauty industry. Leadership will remain with Huda Kattan, co-CEO Christopher Goncalo, and head of social strategy Alya Kattan.

Hong Kong Skincare Retailer Pitanium Lists on Nasdaq

Pitanium Limited, a Hong Kong-based personal care retailer, has listed on Nasdaq, raising up to $8.05 million through its IPO. The company operates six retail stores in Hong Kong and sells two proprietary brands, Pitanium and Big Pi, via an omnichannel model. In FY2024, Pitanium reported HK$74.93 million in revenue with a gross margin above 80 percent. It plans to expand its product range, launch a mobile app, and enhance its supply chain.