The funding will help the London-based start-up hire at least 50 more people this year and open offices in Hong Kong and New York. It comes after four years of strong growth, with sales doubling every year.
The fashion house's efforts to revamp stores as well as its high-end shoe brand Jimmy Choo paid off as the company topped Wall Street’s quarterly profit estimates on Wednesday and raised its full-year earnings forecast.
Glossy magazine empire Conde Nast on Tuesday quashed months of rumors about the impending departure of Vogue editor-in-chief Anna Wintour, declaring that the magazine's 30-year veteran was staying "indefinitely.
Salvatore Ferragamo has named former Kering executive Micaela le Divelec Lemmi as its new CEO although it’s less of a change than it might have been given that she has been general manager of the firm since the spring.
SMCP has been one of the market’s biggest success stories of recent years and it looks like that success story is continuing. The company issued its Q2 results on the last day of July and described them as “superb”.
Aeffe had a strong first half as success in Greater China helped to drive net profits up by almost 80% and it also turned in a healthy double-digit revenue rise, with the increase spread across both RTW and leathergoods.
Sustainability was the key message at Pure London as its new Conscious section debuted with a broad selection of sustainable brands and the seminar and discussion programme took a deep dive into the issue.
Fast Retailing has taken a minority interest in Lemaire, the brand established by Christophe Lemaire and Sarah-Linh Tran, and is deepening the Uniqlo link with the man who is artistic director at its Paris R&D Centre.
Burberry, which has been in the crosshairs for burning tens of millions of dollars of its products, is far from the only firm to destroy unsold goods to maintain the exclusivity and luxury mystique of their brands.