Capri Holdings faced some challenges in Q2 but the company is upbeat about the prospects for its trio of power brands as Versace gains traction, Michael Kors returns to positive comparable sales and Jimmy Choo expands.
Despite the good intentions of both companies and consumers, the luxury industry is struggling to adopt truly sustainable practices, except via the circular economy, as illustrated by the Pambianco Summit debate.
Tiffany & Co has asked Bulgari owner LVMH to raise its $14.5 billion acquisition offer, arguing that it significantly undervalues the U.S. jewelry chain, people familiar with the matter said on Wednesday.
The JD Institute of Fashion Technology collaborated with the Birla Institute of Technology and Science in Pillani, Goa, to hold the Waves ’19 cultural festival which featured a fashion show and styling workshop.
Jailed jewellery tycoon Nirav Modi has threatened suicide should he be extradited to India, and has claimed to have been the victim of multiple assaults in prison. His requests for bail have again been denied.
FMCG major Emami Ltd witnessed a 16 percent surge in its net profit to Rs 96 crore ($13.5 million) for the second ended September 30 as against Rs 82 crore it had reported in the same quarter last fiscal.