The New York-based beauty giant reported a significant narrowing of its net loss in the second quarter on Wednesday, despite falling sales, and also announced the launch of an updated sustainability platform.
Marco Probst, who led the Belgian luxury leather goods brand from 2012 to 2018, is back in charge, succeeding Jean-Marc Loubier, who continues as president of First Heritage Brands, the group that controls Delvaux.
LVMH, Kering and Hermès were able to cushion the Hong Kong troubles’ impact on their quarterly results, but the city’s stalemate is problematic. FashionNetwork.com looks at how this could benefit Singapore.
Aditya Birla plans to double its store count for its multi-brand luxury fashion retail chain The Collective and open 10 more stores in the coming three years with an investment of around Rs 60 crore ($9 million).