Italian fashion group Moncler posted on Wednesday a 16% increase in first quarter sales at constant exchange rates, boosted by solid demand in China.

Prada SpA’s sales jumped as the Italian fashion group, which also owns Miu Miu, continues to outperform its biggest rivals.

The luxury group suffered in all regions in the first quarter, except in Japan, where retail sales jumped by 16%, and in the Middle East. In Asia, which accounts for a third of Kering's revenues, sales fell by 19%.

At the 7th edition of the Forum de la Mode in Paris, Arnaud Vaillant, CEO and co-founder of Coperni, explained how the fashion and accessories brand is innovating, in particular with artificial intelligence.

For several weeks now, rumours have been flying around about a possible departure for the French designer from Celine. 

Luxury accessories brand Jimmy Choo has launched its Beach Capsule Collection for 2024 in the Indian market to offer a selection of resort style handbags and footwear. 

India’s total plain gold jewellery exports increased by 61.72% year on year in the 2024 financial year while gross coloured gemstone exports rose by 14% and platinum jewellery exports jumped 449.16%. 

Kering SA shares tumbled after the luxury group warned that profit will plunge in the first half of the year on slumping sales at Gucci, its biggest brand. 

Reliance Jewels has partnered with Bollywood celebrity Disha Patani to launch its ‘Vindhya Collection’ to celebrate Akshaya Tritiya with an event in Varanasi. 

India’s leading wearables brand Boat has signed cricketer Yashasvi Jaiswal as its new brand ambassador.

The house of Dior has unveiled its new Cannage sunglasses, the latest expression of a defining code of the Paris brand, that has become a leit motif of late.

Lava International has entered the smartwatch category with the launch of watches under its sub-brand Prowatch.

Kering SA warned that profit will plunge in the first half of the year after wealthy shoppers curbed spending on Gucci products.

​After news that the FTC in the US wants to block Tapestry’s takeover of Capri Holdings on competition grounds, both companies have issued statements defending their plans.

Ganni, the clean-cut Danish hipster label, has named the former Balenciaga executive Laura du Rusquec to be its new CEO in a significant shift of emphasis at the brand.

The Argentinian designer, who founded the label in 2012, is stepping down at a delicate time of transition for the parent company New Guards Group, on which investment fund Style Capital is said to have set its sights.