Pandora Second Quarter Operating Profit in Line with Forecast, Keeps 2025 Outlook

 Jewellery is kept on display at a branch of Pandora in central Copenhagen, Denmark, August 13, 2025. (Reuters)
Jewellery is kept on display at a branch of Pandora in central Copenhagen, Denmark, August 13, 2025. (Reuters)
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Pandora Second Quarter Operating Profit in Line with Forecast, Keeps 2025 Outlook

 Jewellery is kept on display at a branch of Pandora in central Copenhagen, Denmark, August 13, 2025. (Reuters)
Jewellery is kept on display at a branch of Pandora in central Copenhagen, Denmark, August 13, 2025. (Reuters)

Danish jewellery maker Pandora posted second-quarter operating profit in line with expectations on Friday, and stuck to its full-year growth forecast.

"In these turbulent times, we are satisfied with yet another quarter of high single-digit organic growth and strong profitability," CEO Alexander Lacik said in a statement.

"Despite the macroeconomic challenges to top and bottom line, we are confident that we will deliver on our targets for the year driven by an exciting product pipeline, new marketing campaigns and operational agility," he said.

Operating profit for the second quarter was 1.29 billion Danish crowns ($201.6 million), the same as forecast by analysts in a poll gathered by the company. Organic revenue growth stood at 8%, also in line with analyst expectations.

The charm bracelet maker stuck to its full-year guidance of 7-8% organic sales growth and an operating profit margin at around 24%.



Women's Fashion Week Kicks Off in Paris

A model walks the runway during the Giorgio Armani collection show as part of Women's Spring/Summer 2027 Milan's fashion week, on September 27, 2026. (Photo by Stefano Rellandini / AFP)
A model walks the runway during the Giorgio Armani collection show as part of Women's Spring/Summer 2027 Milan's fashion week, on September 27, 2026. (Photo by Stefano Rellandini / AFP)
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Women's Fashion Week Kicks Off in Paris

A model walks the runway during the Giorgio Armani collection show as part of Women's Spring/Summer 2027 Milan's fashion week, on September 27, 2026. (Photo by Stefano Rellandini / AFP)
A model walks the runway during the Giorgio Armani collection show as part of Women's Spring/Summer 2027 Milan's fashion week, on September 27, 2026. (Photo by Stefano Rellandini / AFP)

Paris Women's Fashion Week opens Monday with a debut show from South African brand MaXhosa Africa and a fresh collection from new-ish Canadian trendsetters Matieres Fecales, look to lift the gloom surrounding the sector.

A total of 67 catwalk shows for 2027 Spring-Summer have been planned for this Fashion Week, with dozens of other brands set to show their designs in private viewings and events around the French capital.

Industry big beasts Christian Dior and Saint Laurent will send their models out on Tuesday.

It could be a last show for Saint Laurent's Belgian designer Anthony Vaccarello, who has been the driving force behind the brand's success for the past decade but is reportedly heading for the exit.

If his departure is confirmed, he is unlikely to be the only creative director heading for the chop as label owners and chief executives look to revive their fortunes in a tough commercial environment for luxury brands.

At Balenciaga, Italian designer Pierpaolo Piccioli is reportedly in the sights of parent company Kering, having failed in the difficult task of maintaining sales levels achieved by his predecessor Demna, according to specialist blog Miss Tweed.

At Chloe, artistic director Chemena Kamali, in the job since 2023, is also being pushed towards the door over a lack of profitability, according to investigative outlet Glitz.

"There were the 'golden years' (for the sector) after Covid, a peak in 2023 and then a luxury market that stabilized," Pascal Morand, executive president of the French Haute Couture and Fashion Federation, told AFP.

"The major groups, mid-sized brands and young designers are not affected in the same way. Markets, outlets and business models are evolving," he said.

Although sales are falling for many brands, there are bright spots.

Since his arrival a year ago at the helm of Chanel, Matthieu Blazy has created a buzz and sales frenzy at the classic French label, with customers queueing outside some boutiques for his latest collections.

His Spring-Summer show takes place next Monday.

Another brand with reason for cheer is MaXhosa Africa, a luxury knitwear group founded in 2010 by textile designer Laduma Ngxokolo, who has already shown collections privately in Paris but has now been invited to join the official program.

On a mission to promote South African culture and the traditions of the Xhosa people, Ngxokolo counts Michelle Obama and Beyonce as fans.

With his first show on Monday, he will be hoping to emulate the success of Matieres Fecales, the Canadian brand which first appeared in March last year but has gone on to dress a host of celebrities and A-listers.

Its unusual name -- which means fecal matter in French -- was chosen to ensure that people who bought the brand's clothing only wanted it for the design, rather than the name on the label.

After events by Julie Kegels, Weinsanto, and Hodakova, the Matieres Fecales show at 7:00pm (1700 GMT) will bring the first day of Paris Fashion Week to a close.


Cardi B Brings Star Power as Roberto Cavalli Goes Wild at Milan Fashion Week

A model walks the runway during the Roberto Cavalli collection show as part of Women's Spring/Summer 2027 Milan's fashion week, on September 24, 2026. (AFP)
A model walks the runway during the Roberto Cavalli collection show as part of Women's Spring/Summer 2027 Milan's fashion week, on September 24, 2026. (AFP)
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Cardi B Brings Star Power as Roberto Cavalli Goes Wild at Milan Fashion Week

A model walks the runway during the Roberto Cavalli collection show as part of Women's Spring/Summer 2027 Milan's fashion week, on September 24, 2026. (AFP)
A model walks the runway during the Roberto Cavalli collection show as part of Women's Spring/Summer 2027 Milan's fashion week, on September 24, 2026. (AFP)

Cardi B was thronged by photographers as she arrived at the Roberto Cavalli runway show Thursday, adding star power to Milan Fashion Week.

Looking glamorous in an animal-print coat, dark sunglasses and a blowout, the rapper took her seat next to stylist Kollin Carter and the show could go on.

Fausto Puglisi turned up the volume as he evolved the Cavalli vocabulary. His Spring-Summer 2027 womenswear collection piled animal prints, florals and feathers onto the house’s familiar foundation of exposed skin and embellished denim.

Flowing robes topped low-rise jeans worn with thongs and bra tops. Cropped jeans glittered with crystals and sprouted feathers, while a mesh minidress erupted into crinkled golden ruffles. Chiffon skirts fell into long shredded hemlines, and animal prints were pieced together in a mishmash suggesting a rumble in the jungle. Prints clashed joyfully in an exuberant collection that played on all the Cavalli codes of glamour and animal instinct.

“What I like about Cavalli is that you have the possibility to create jeans as an object,” Puglisi said backstage. “You feel them, you have them and you put them in your wardrobe, and you feel better. It’s about joy.”


H&M's Operating Profit Grows More Than Expected in 3rd Quarter

The logo for H&M is displayed outside a store in Stockholm, Sweden, September 23, 2025. REUTERS/Tom Little/File Photo
The logo for H&M is displayed outside a store in Stockholm, Sweden, September 23, 2025. REUTERS/Tom Little/File Photo
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H&M's Operating Profit Grows More Than Expected in 3rd Quarter

The logo for H&M is displayed outside a store in Stockholm, Sweden, September 23, 2025. REUTERS/Tom Little/File Photo
The logo for H&M is displayed outside a store in Stockholm, Sweden, September 23, 2025. REUTERS/Tom Little/File Photo

Swedish fashion retailer H&M on Thursday reported a bigger than expected rise in June-August operating profit, as CEO Daniel Erver said his push to control costs and make sourcing more efficient was bearing fruit.

Operating profit in H&M's fiscal third quarter increased to 6.04 billion crowns ($608.63 million) against a year-earlier 4.91 billion crowns and a mean forecast in an LSEG poll of analysts of 5.14 billion.

H&M meanwhile said it expected ⁠sales in September ⁠to rise by 1% measured in local currencies, Reuters reported.

Gross profit margin widened to 54.0% in the third quarter, from 52.9% last year, which included positive one-off effects from tariffs, H&M said. Analysts had expected a margin of 53.4%.

Improvements within purchasing, ⁠cost control and operation efficiency contributed to a more profitable business, the CEO said in a statement.

"Although sales developed in a positive direction during the quarter, we see further potential to increase sales going forward," Erver said.

Sales increased 1% in the quarter measured in local currencies. Analysts had expected sales to grow at a sluggish pace.

Erver said H&M is increasing the share of clothes it is buying ⁠in-season, ⁠as it tries to react faster to fashion trends, consumer tastes and increasingly unpredictable weather.

Erver became CEO in January 2024 with a mandate to improve profitability and strengthen the brand, but investors have been waiting for signs he can revive growth in the face of competition from Shein and Zara owner Inditex.

The billionaire family behind H&M is quietly increasing its stake, fueling speculation it could take the fast-fashion retailer private.