This week, following in the footsteps of mighty conglomerates like LVMH and Kering, New Guards launched its own eyewear division, spearheaded by Francesco Ragazzi, the creative director and founder of Palm Angels.
The trading environment may have been volatile but luxury giant Richemont still managed to see net profit rising almost 40% in the financial year to the end of March, beating forecasts by a wide margin.
Farfetch has reported another big leap forward in terms of gross merchandise value (GMV) and digital platform GMV as it continues benefit from consumers shifting online both generally and due to the pandemic.
Covid-19 has boosted e-tail, especially for multibrand sites and leading luxury labels, according to a study by Bernstein for Altagamma. An evolution that means other labels need to rethink their commercial strategy.
Farfetch has unveiled a major new global brand campaign called The Perfect Match. Linked to its #onlyonfarfetch theme, it comes as it continues to stress that a “commitment to the boutique community” is “at its heart”.
With Ramadan that begins next month set to remain a key shopping season, despite the pandemic, Farfetch has launched a new Ramadan campaign. It focuses on the exclusive capsules it’s offering from 30 international names.
One designer who has had an unusual career path is Andreas Aresti, a Queens-born designer who lives in the West Village, produces in Italy and showed his latest collection for Lourdes in Paris Fashion Week on Tuesday.