The luxury down jacket brand opened on Wednesday its largest store in the world, located on via Montenapoleone. The store, which debuted in 2013, has been renovated with the addition of two more levels.
Affected by a tough traditional menswear market, the historic Italian label will be closing its factory in Carate Brianza north of Milan. The site employs 134 workers and ceased operations on Wednesday.
Net-A-Porter is set to launch artificial intelligence/robotic tech designed to select clothing for customers based on any future plans they might have, such as going on holiday, attending an event, or starting a new job.
Luxury may have its ups and downs but Harrods makes money regardless. The Qatar Holding-owned London landmark has turned in an eighth successive year of record profits on the back of eight years of record sales.
The chief of Vago Spa, a firm specialising in textile finishing, has been appointed president of SMI, the industry trade group for Italian textiles and apparel. Vago will assume his new role in March 2018.