According to the latest report from luxury consignment platform TheRealReal, Gucci currently leads the pack when it comes to resale, while streetwear has kept its cool and logomania is conquering new categories.
Farfetch said Thursday it's buying one of the most dynamic groups of fashion forward designer brands as it continues to expand fast. It also had news on its exec team and reported wider losses as it invests in growth.
Tata Group firm Titan Company Ltd witnessed 11 percent rise in its net profit for the first quarter to Rs 364 crore ($51.5 million) as against a net profit of Rs 328 crore it reported in the June 2018 quarter.
Delhi High Court has given Tata Group firm Titan Ltd ad-interim relief against e-commerce players and restrained them from selling and marketing goods from the Titan and Fastrack brands of the company.
In a ruddy sign of renewed health for the Italian fashion capital, Milan Fashion Week has added five new noted houses to its official calendar, which was released Friday afternoon by the Camera della Moda.
Kering’s main Gucci brand, which set a high bar for luxury goods rivals during several years of explosive growth, posted a slower-than-expected rise in second-quarter sales on Thursday, hit by a blip in the U.S.
Luxury goods group LVMH on Wednesday posted better-than-expected second quarter revenue, lifted by accelerating momentum in its fashion and handbag division that houses its Louis Vuitton and Christian Dior megabrands.