Few people have more famous family names in fashion than Patricia Gucci, even if she cannot really use it. A tad unfair, given the quality of her latest project – Aviteur, a new high-end luxury luggage brand.
U.S. luxury department-store chain Barneys New York is nearing a roughly $270 million deal with brand developer Authentic Brands Group that could lead to Barneys shops opening in Saks Fifth Avenue stores.
Hindustan Unilever Ltd (HUL) witnessed a 21 percent surge in its net profit to Rs 1,848 crore ($259.6 million) for the quarter ended on September 30, 2019, as against Rs 1,525 crore it had reported in the year-ago period.
The Union Government’s “Government e-Marketplace” could grow as large as India’s e-commerce giants Flipkart and Amazon, Minister of Commerce and Industry Piyush Goyal said at the IICTF closing ceremony on Sunday.
Avenue Supermarts witnessed a 48 percent jump in its net profit to Rs 327 crore ($46.1 million) for the second quarter ended September 2019 as against Rs 219 crore it had reported the previous fiscal.
Few luxury brands have been as quietly busy as Chanel, which has strategically bought stakes in three new businesses and, just this week, unveiled the structure of its new center for artisanal excellence, called 19M.
Luxury conglomerate LVMH has acquired a stake in Madhappy, the American direct-to-consumer casualwear brand, via LVMH Luxury Ventures, an investment vehicle with the group that previously bought into Gabriela Hearst.
Barely a day goes by at the moment when we don’t news about resale and Thursday was no different. H&M said that it has increased its investment in ‘re-commerce’ platform Sellpy and is now its majority owner.