Safilo's performance improved in the first quarter, despite weather that was not very conducive to sunglass sales in many of its key markets. But while Europe and Asia were strong, North America remains a problem.
Europe’s biggest online fashion retailer said the launch of beauty products in Germany had made a promising start and its active customer numbers jumped in the first quarter but a late start to spring hit profitability.
Facebook Inc’s Messenger app launched an augmented reality feature on Tuesday to allow people to see products they are shopping for as if they already have them, in a move aimed at drawing in potential advertisers.
On Tuesday, the luxury group opened the Thélios production site for its joint venture with Marcolin, a partnership which began with Céline's eyewear collections, and still has those of Loewe and Fred in the pipeline.
French luxury conglomerate Kering scored a striking 27.1 percent growth in first quarter revenues, led by Gucci's near 40% explosion in sales. Problem child Bottega Veneta, however, suffered a further fall in revenues.
OTB, the holding company of Italian fashion billionaire Renzo Rosso, quadrupled its Earnings Before Interest and Tax (EBIT) to €21.5 million in 2017. Though total group revenue slid 2.4 percent over the same 12 months.