Tourists boost Richemont's Q3, fashion is strong but Covid-hit China dents sales
Luxury giant Richemont reported Q3 sales up 8% on Wednesday, saying that despite ongoing Chinese weakness, tourists were returning to Europe and Japan.
Luxury giant Richemont reported Q3 sales up 8% on Wednesday, saying that despite ongoing Chinese weakness, tourists were returning to Europe and Japan.
Apparel, footwear and accessories giant VF Corporation has unveiled some key new appointments for its leadership team in the EMEA and APAC regions with a number of internal moves.
Lacoste has signed a 15-year fragrance deal with Interparfums SA, the Paris-based subsidiary of American fragrance giant Inter Parfums. Effective from 1 January 2024, it’s a worldwide deal.
The world's second-biggest fashion retailer has reported headline sales for the latest quarter up 10% year on year, which slightly beat analysts’ expectations of a 9.5% rise in the three...
Some big names were hailed for their 2022 eco achievements on Wednesday via their ratings on CDP’s annual A List for leadership in transparency and performance to tackle climate change,...
Inditex’s nine-month results on Wednesday saw the Spanish fashion retail giant posting a 24% surge in net profit as sales rose, despite the tough global backdrop. Net profit in the period...
Chinese fast-fashion giant Shein has announced a $15 million investment to “help upgrade hundreds of factories in its supply chain”. That’s a doubling of its current investment.
Ann Demeulemeester has named Ludovic de Saint Sernin as its new Creative Director with his first collection for the label to be unveiled in March 2023 during Paris Fashion Week.
La Perla Global Management (UK) and ISA SpA have announced the signing of a new license agreement for the development, manufacturing, and worldwide distribution of women’s swimwear...
With December looming, luxury fashion portal Lyst has been looking at the trends of 2022 and its Year in Fashion report has called out Miu Miu as the brand of the year.
Dr Martens has released what it calls "another strong set" of results, covering the six months to late September. Underlying revenue was up as much as 18%, although EBITDA was flat and...
Vestiaire Collective has begun a ban on fast fashion on its resale platform with the company saying the move means people won’t be able to buy, sell or list such items with immediate...
Farfetch had an unusual announcement to make with its Q3 results, as it said that gross merchandise value (GMV) actually fell in the period to the end of September.
The new “Vegan Wool Challenge" offers a windfall to the first entrant to develop a vegan material that’s akin or superior to sheep’s wool and is adopted and sold by a major clothing brand”.
Burberry is entering “the next phase”, the luxury company said when delivering its interim results on Thursday, with still-new CEO Jonathan Akeroyd preparing for an evolved approach...
Fila Holdings Corp saw its performance dented in Q3 as margins shrank. Sales and profits remain on an upward trajectory but the Fila brand is up against the backdrop of a very promotional...
Fears that tough times might dent luxury appear to be unfounded, a new report from Bain and Altagamma shows. Their deep dive into luxury shows a buoyant sector helped by pricing...
Estée Lauder Cos is about to clinch a deal to buy Tom Ford for around $2.8bn, a takeover that would be its biggest acquisition yet and would build on the existing beauty licensing deals...
Kering’s Balenciaga label has officially quit Twitter following the platform’s sale to the world’s richest man, Elon Musk. The high-profile luxury brand confirmed the move, but hasn’t...
Designer Kris Van Assche has linked up with Chinese kidswear brand Balabala for the first time on a children's capsule celebrating the brand’s 20th Anniversary.
Richemont’s half-year figures on Friday showed that the period to the end of September was strong with sales and operating profit from continuing operations of €9.7bn and €2.7bn,...
Body Shop, Avon and Aesop owner Natura &Co has released its Q3 results with news of a “resilient performance”, although its UK-based chain wasn’t exactly the star of its portfolio in the...
Global e-commerce firms ESW and Mamenta have linked up to offer brands and stores more opportunities to expand their cross-border e-commerce on hundreds of global marketplaces and in DTC...
M&S’s half-year results on Wednesday showed that the recovering retail giant continues to make progress as it reported higher sales for the half to 1 October.
Luxury e-tailer Mytheresa said that growth accelerated in the first quarter of its new financial year with gross merchandise value (GMV) up 21% during the quarter.
Friday was a big day for eyewear specialists to report their results with the release of Safilo's figures, being followed by those from Marcolin.
Hugo Boss released its Q3 figures on Thursday, and talked of “strong momentum” as it raised its full-year guidance. It also reported currency-adjusted group sales up 18% on the year and...
Matchesfashion has filed its accounts for the year to the end of January and said that the effects of the pandemic continued to be felt throughout the year with customer demand...
Gucci has cancelled its planned show in South Korea’s capital Seoul following the tragic loss of life at the weekend as young people celebrated Halloween in the nightlife district of...
The Q3 edition of the Lyst Index had good news for Prada as the brand moved up one place into second position, its highest-ever index placement, with a 44% rise in searches this quarter.