
If anybody needed confirmation of how important fashion resale has become, it came on Monday with the announcement by France’s Vestiaire Collective of a new €178m financing round backed by Kering, among others.
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If anybody needed confirmation of how important fashion resale has become, it came on Monday with the announcement by France’s Vestiaire Collective of a new €178m financing round backed by Kering, among others.
Sales at Kering's leading brand, Gucci, suffered a bigger-than-expected drop in Q4 as Covid continued to dent luxury shopping and crimp tourist spending in particular.
The house of Versace plans to skip the next Milan Fashion Week, and instead will unveil its next collection, and new pattern, solely online on March 5, during the runway season of Paris.
Hudson's Bay Company is permanently laying off workers across Canada, as it attempts to keep up with ongoing disruptions caused by the Covid-19 pandemic.
German online luxury retailer Mytheresa was valued at $2.2 billion in its initial public offering in New York on Wednesday.
The Italian luxury label owned by the Kering group has cancelled all its social media accounts, with no explanation, in a move that seems to herald a new communication strategy.
Next year, Kering group brand Balenciaga will open a production site and training centre dedicated to leather goods in Tuscany, Italy, between Florence and Pisa, which will create 300 jobs.
Gucci returned to the world's hottest brand position in the latest ranking, while Nike, Prada, Jacquemus, Telfar and Marine Serre has good quarters and Adidas's face mask made the men's top 10 list.
French luxury group Kering confirmed a broad recovery in sales of high-end goods in the third quarter as Asian and U.S. demand helped revenues improve, though its star Gucci brand underperformed rivals.
Marketing metrics firm Retviews has analysed the collections and market strategy of Jacquemus to pinpoint the elements enabling the French label to hold its own against top houses, only 11 years after its creation.