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France plans fashion revolution with climate-impact labels
Next year, France will pass a decree that will require every item of clothing sold in the country to carry a label detailing its precise climate impact.
Fashion
Prada seeks $1 billion valuation in Milan listing - Bloomberg News
Italian luxury group Prada SpA is considering seeking at least $1 billion from a second listing in Milan and is working with Goldman Sachs Group Inc on early preparations, Bloomberg News reported on August 12.
Luxury
Ferragamo partners with Farfetch to grow online, reach younger shoppers
Italian fashion house Salvatore Ferragamo has announced that it has struck a partnership with online luxury shopping retailer Farfetch to expand its digital presence, targeting younger shoppers.
Luxury
Capri Holdings and Ralph Lauren see strong Q1 demand, but profits are hit
Results on August 9 showed Ralph Lauren and Capri Holdings (owner of Michael Kors, Versace and Jimmy Choo) beating Q1 earnings estimates on buoyant demand for luxury as affluent shoppers shrugged off inflation.
Luxury
Fashion innovator Issey Miyake dies at 84
Japanese fashion designer Issey Miyake, whose global career spanned more than half a century, has died aged 84 of cancer, it emerged on August 9.
Fashion
Balenciaga strikes deal with Reliance for India entry
Kering’s unstoppable Balenciaga brand has a giant new market to target. On August 4, Reliance Brands Limited said it has signed a strategic deal with the “hottest global luxury brand” to bring it to the Indian market.
Luxury
Hugo Boss sales increased 34% in Q2
Germany-based Hugo Boss on August 3 confirmed earlier preliminary figures, saying currency-adjusted Group sales increased 34 per cent in the second quarter (Q2) of fiscal 2022 (FY22) compared to the prior-year period.
Fashion
Tod's founder launches bid to delist shoemaker
The founder and largest shareholder at Italy's Tod's has decided to launch a takeover offer on the luxury shoemaker with the aim of delisting it from the Milan stock exchange, the family holding company said Wednesday.
Luxury
SMCP hits first-half sales record as Europe and America prove buoyant
SMCP unveiled an all-time H1 sales record with its results on the first day of August, driven by “strong momentum in Europe and Americas”, something other premium and luxury firms have also talked of.
Fashion
Estée Lauder is in talks to acquire Tom Ford brand - report
Cosmetics giant Estée Lauder Cos Inc is reportedly in talks to acquire ultra-luxury brand Tom Ford. If it does, it could be a $3 billion deal, the Wall Street Journal said at the start of August, citing sources.
Fashion
Burberry names Bright Vachirawit as its latest brand ambassador
Another day, another Burberry story! The British luxury brand has been issuing releases at a frantic pace in recent weeks and its latest news is that it has a new brand ambassador.
Luxury
Moncler soars as signature brand and Stone Island are strong
Luxury outerwear giant Moncler has reported a currency-neutral 46% surge in sales for the first half of 2022, helped by growth in both the US and Europe even though key luxury market China saw a slowdown.
Luxury
Prada weighs dual listing in Milan, but says not a priority
A secondary listing in Milan is a possibility, but not a priority for Hong Kong-listed Italian luxury group Prada, its chairman said on Thursday, adding no decision had been taken on the issue.
Luxury
Anita Dongre collaborates with diverse women for new campaign
Designer Anita Dongre collaborated with a group of women from an array of backgrounds to launch the campaign for her eponymous brand’s new occasion wear collection ‘Homage’.
Luxury
Rohit Gandhy and Rahul Khanna dress the "global Indian" at India Couture Week
Rohit Gandhy and Rahul Khanna showcased a men’s and women’s couture collection brimming with global facing glamour at India Couture Week on July 27.
Luxury
Anju Modi presents poetic layers of tradition at India Couture Week
Eponymous designer Anju Modi presented a poetic and subtly regal men’s and women’s couture collection named ‘The Road Less Travelled’ at India Couture Week with actress Aditi Rao Hydari as showstopper.
Luxury